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Investment Highlights

  • Newly renovated and remodeled

Executive Summary

Tucked away on a quiet street, 462 Delhi Ave presents a rare opportunity to own a thoughtfully updated 5-unit building, each offering a comfortable 1-bedroom, 1-bath layout. The property has seen a series of tasteful improvements that enhance both function and appeal, while preserving its classic charm.
Over the years, Most units have been refreshed with new flooring, appliances, and wall heaters, creating a warm and welcoming living space for tenants. Select units feature new windows, and Unit 4 enjoys a fully remodeled bathroom with updated plumbing. The building itself has been painted inside and out, with a new wooden fence adding privacy and curb appeal. Behind the scenes, key upgrades like new main electric panels for Units 4 and 5, and improved ventilation systems in the kitchens, ensure peace of mind for the next owner. With potential rents ranging from $950 to $1,150 per unit, this is an ideal income-generating property well-positioned for steady cash flow and long-term value.

Property Facts

Price $821,825 CAD
Price Per Unit $164,365 CAD
Sale Type Investment
Gross Rent Multiplier 10.1
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 2,100 SF
Average Occupancy 40%
No. Stories 1
Year Built/Renovated 1945/2025
Parking Ratio 2.38/1,000 SF
Zoning R-1, Stockton - Residential Development

Amenities

Site Amenities

  • Courtyard

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 $1,404 CAD 400 - 450
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
165-170-66
Land Assessment
$108,855 CAD
Improvements Assessment
$428,167 CAD
Total Assessment
$537,022 CAD
  • Listing ID: 35576817

  • Date on Market: 2025-04-21

  • Last Updated:

  • Address: 462 Delhi Ave, Stockton, CA 95206

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