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The Cottage Apartments 4416 Precissi Ln 40 Unit Apartment Building $13,398,855 CAD ($334,971 CAD/Unit) Stockton, CA 95207
Investment Highlights
- Unique 40-unit apartment community built in 2002. Modern construction minimizes maintenance costs and simplifies insurance requirements
- Spacious floorplans, in suite W/D hookups, gated access, and lush mature landscaping
- High demand from the University of Pacific school of pharmacy, just 0.4 miles away
Executive Summary
The DeLoney Group at Marcus & Millichap is proud to present The Cottages, a meticulously maintained 40-unit apartment community, built
in 2002 and located adjacent to the University of the Pacific in Stockton, California. The offering, for sale for the very first time, exclusively
features two bedroom / two bathroom units, each spanning a generous 944 square feet.
While not deeded as a student property, The Cottages has naturally attracted students from the Thomas J. Long School of Pharmacy, which
is located just 0.4 miles away. The property’s spacious floor plans, particularly the rare two-bedroom, two-bathroom layouts, provide tenants
with privacy—making them especially popular among roommates. In addition to the thoughtful unit designs, the property offers a lowdensity
environment, covered parking, gated access, and lush landscaping, all of which distinguish it from competing properties in the
area.
Located in the heart of the Central Valley, The Cottages benefits from direct access to major employment centers such as the Bay Area,
Silicon Valley, and Sacramento. The city is well-served by key highways, including I-5 and CA-99, making it an ideal hub for residential
living and commuting professionals. With Stockton’s steady population growth and a lack of new construction in the region, the demand for
rentals is projected to continue rising, which will likely put upward pressure on rents.
The new owner of Cottages can add value by eroding the approximate 12% loss to lease on the rent roll upon lease renewal. As a property
built in 2002, it combines the advantages of newer construction with a relatively low unit count, a very rare combination in today’s
marketplace. The property is stable, low-maintenance, and provides a clear path to upside through strategic rent adjustments.
Please contact The DeLoney Group for more information or tours. Please do not disturb residents or management.
in 2002 and located adjacent to the University of the Pacific in Stockton, California. The offering, for sale for the very first time, exclusively
features two bedroom / two bathroom units, each spanning a generous 944 square feet.
While not deeded as a student property, The Cottages has naturally attracted students from the Thomas J. Long School of Pharmacy, which
is located just 0.4 miles away. The property’s spacious floor plans, particularly the rare two-bedroom, two-bathroom layouts, provide tenants
with privacy—making them especially popular among roommates. In addition to the thoughtful unit designs, the property offers a lowdensity
environment, covered parking, gated access, and lush landscaping, all of which distinguish it from competing properties in the
area.
Located in the heart of the Central Valley, The Cottages benefits from direct access to major employment centers such as the Bay Area,
Silicon Valley, and Sacramento. The city is well-served by key highways, including I-5 and CA-99, making it an ideal hub for residential
living and commuting professionals. With Stockton’s steady population growth and a lack of new construction in the region, the demand for
rentals is projected to continue rising, which will likely put upward pressure on rents.
The new owner of Cottages can add value by eroding the approximate 12% loss to lease on the rent roll upon lease renewal. As a property
built in 2002, it combines the advantages of newer construction with a relatively low unit count, a very rare combination in today’s
marketplace. The property is stable, low-maintenance, and provides a clear path to upside through strategic rent adjustments.
Please contact The DeLoney Group for more information or tours. Please do not disturb residents or management.
Property Facts
| Price | $13,398,855 CAD | Building Class | B |
| Price Per Unit | $334,971 CAD | Lot Size | 1.93 AC |
| Sale Type | Investment | Building Size | 37,760 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2002 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Apartment Style | Garden |
| Price | $13,398,855 CAD |
| Price Per Unit | $334,971 CAD |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.93 AC |
| Building Size | 37,760 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 1.39/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Vaulted Ceiling
- Range
- Walk-In Closets
- Carpet
- Lawn
- Patio
- Porch
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Gated
- Grill
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 40 | - | 944 |
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 110-420-12 | Improvements Assessment | $4,762,147 CAD |
| Land Assessment | $139,396 CAD | Total Assessment | $4,901,543 CAD |
Property Taxes
Parcel Number
110-420-12
Land Assessment
$139,396 CAD
Improvements Assessment
$4,762,147 CAD
Total Assessment
$4,901,543 CAD
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The Cottage Apartments | 4416 Precissi Ln
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