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The De Force Apartments 101 De Force Ave 7 Unit Apartment Building $1,326,124 CAD ($189,446 CAD/Unit) 6.03% Cap Rate Lodi, CA 95240
INVESTMENT HIGHLIGHTS
- Individually Metered Units - Each unit has separate meters, lowering owner utility costs and simplifying billing.
- Strong Upside Potential - Below-market rents offer room for increases and upgrades.
- Walkable Lifestyle - Downtown cafes, boutiques, and entertainment are steps away.
- Charming Residential Setting - Quiet, tree-lined neighborhood close to city amenities.
- Prime Lodi Location - One block from Downtown, near shops, restaurants, and new developments.
EXECUTIVE SUMMARY
The Central Valley Investment Team is pleased to offer the De Force Apartments, a seven-unit complex located just one block north of Downtown Lodi at the corner of School Street and De Force Avenue. Each unit features one bedroom and one bathroom, and several have been recently updated with new flooring, cabinets, appliances, and fresh paint. The property sits in a quiet residential neighborhood and is within walking distance of Lodi’s growing downtown scene.
With individually metered units and below-market rents, the De Force Apartments present a strong value-add opportunity. Starting January 1st, ownership will take on utility responsibilities, but tenants will be charged a fee to offset costs. The vibrant rental market and desirable location make this a compelling investment in one of Central Valley’s most dynamic rental markets.
2% procuring brokerage fee.
With individually metered units and below-market rents, the De Force Apartments present a strong value-add opportunity. Starting January 1st, ownership will take on utility responsibilities, but tenants will be charged a fee to offset costs. The vibrant rental market and desirable location make this a compelling investment in one of Central Valley’s most dynamic rental markets.
2% procuring brokerage fee.
PROPERTY FACTS
| Price | $1,326,124 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $189,446 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.03% | Building Size | 3,669 SF |
| Gross Rent Multiplier | 10.96 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | N/A | ||
| Price | $1,326,124 CAD |
| Price Per Unit | $189,446 CAD |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Gross Rent Multiplier | 10.96 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,669 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | N/A |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 525 |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 041-162-08 | Improvements Assessment | $921,259 CAD |
| Land Assessment | $152,525 CAD | Total Assessment | $1,073,784 CAD |
PROPERTY TAXES
Parcel Number
041-162-08
Land Assessment
$152,525 CAD
Improvements Assessment
$921,259 CAD
Total Assessment
$1,073,784 CAD
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The De Force Apartments | 101 De Force Ave
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