7007 Inglewood Ave
Stockton, CA 95207
Inglewood Oaks · Multifamily Property For Sale
·
64 Units
Investment Highlights
- 100% Workforce Housing Community
- Assumable Long Term In-Place Debt
- Over $1 Million Dollars in Capital Improvements since 2017
Property Facts
| No. Units | 64 | Lot Size | 2.20 AC |
| Property Type | Multifamily | Building Size | 44,790 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | B | Parking Ratio | 1.83/1,000 SF |
| Zoning | RH - High Density Residential | ||
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.20 AC |
| Building Size | 44,790 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | RH - High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Storage Space
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Carpet
Site Amenities
- Controlled Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
- Maintenance on site
About 7007 INGLEWOOD AVE , STOCKTON, CA 95207
Inglewood Oaks is a 64-unit apartment community located in a very nice residential neighborhood in north Stockton, CA. This is a rent-restricted property reserved for residents whose income does not exceed eighty percent (80%) of Area Median Income (AMI), while 20% of the units are reserved for fifty percent (50%) AMI residents. This feature provides for up to 100% property tax abatement. With current tax abatement levels only 85%, the potential exists for substantially better returns. Over the past two years, over a million dollars of interior and exterior capital improvements have been invested and the property shows extremely well. Interior improvements include flooring, dual-pane windows, window coverings, counter tops, appliances and fixtures. Exterior improvements include landscape, sidewalks, stair rails, patios, all new roofs, gated access, solar system installation and LED lighting. This property is in great shape.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | - |
| 2+1 | 16 | - | - |
| 2+2 | 6 | - | - |
| 3+2 | 2 | - | - |
Property Taxes
| Parcel Number | 081-270-01 | Improvements Assessment | $7,029,666 |
| Land Assessment | $1,731,890 | Total Assessment | $8,761,556 |
Property Taxes
