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143 S California St 8 Unit Apartment Building $3,254,805 CAD ($406,851 CAD/Unit) 10.16% Cap Rate Stockton, CA 95202
Investment Highlights
- Two Separate Buildings on One Parcel with One Master Lease to an Organization That Provides Transitional Housing and Services to United States Veteran
- Also includes 437 E Washington St, a Mixed-Use Four Unit Building Approx. 2,000 Sq. Ft. Comprised of Two Retail Units & Two Residential Units
- Diamond in the Rough Value Add Opportunity!
- Master Lease Tenant Pays ALL Utilities & Maintenance For Their Unit
- Featuring New Roll-Up Doors, Dual Pane Windows, and Recently Serviced & Approved Elevator
Executive Summary
https://143scalifornia.com/
This offering presents a seasoned investor the opportunity to acquire two buildings on a 10,000 Sq. Ft. lot on one APN (149-130-100-000) in downtown Stockton, CA. A minutes walk from San Joaquin County Human Services Agency building, the first building, 143 S California St is an 18,000 Sq. Ft. mixed use investment property right off CA Highway 4. Comprised of three floors, the entire 2nd and 3rd floors are master leased for 5 years on a NN lease. The ground floor has three vacant commercial units awaiting minor renovations to be ready to be leased. 143 S California St features new roll-up doors for the commercial units, dual pane windows, and recently serviced and city approved elevators. The second building is 437 E Washington St, a two story, approximately 2,000 Sq. Ft. mixed use building comprised of two retail units and two residential units delivered fully vacant providing an additional value add component.
This offering presents a seasoned investor the opportunity to acquire two buildings on a 10,000 Sq. Ft. lot on one APN (149-130-100-000) in downtown Stockton, CA. A minutes walk from San Joaquin County Human Services Agency building, the first building, 143 S California St is an 18,000 Sq. Ft. mixed use investment property right off CA Highway 4. Comprised of three floors, the entire 2nd and 3rd floors are master leased for 5 years on a NN lease. The ground floor has three vacant commercial units awaiting minor renovations to be ready to be leased. 143 S California St features new roll-up doors for the commercial units, dual pane windows, and recently serviced and city approved elevators. The second building is 437 E Washington St, a two story, approximately 2,000 Sq. Ft. mixed use building comprised of two retail units and two residential units delivered fully vacant providing an additional value add component.
Property Facts
| Price | $3,254,805 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $406,851 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 10.16% | Building Size | 19,105 SF |
| Gross Rent Multiplier | 7.55 | No. Stories | 3 |
| No. Units | 8 | Year Built/Renovated | 1920/2013 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | CD | ||
| Price | $3,254,805 CAD |
| Price Per Unit | $406,851 CAD |
| Sale Type | Investment |
| Cap Rate | 10.16% |
| Gross Rent Multiplier | 7.55 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 19,105 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2013 |
| Opportunity Zone |
Yes |
| Zoning | CD |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Elevator
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Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 149-130-10 | Improvements Assessment | $2,271,247 CAD |
| Land Assessment | $232,204 CAD | Total Assessment | $2,503,450 CAD |
Property Taxes
Parcel Number
149-130-10
Land Assessment
$232,204 CAD
Improvements Assessment
$2,271,247 CAD
Total Assessment
$2,503,450 CAD
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143 S California St
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