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518 N Church St
Lodi, CA 95240
The Church Street Apartments · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Strategically located along Lodi’s well-known Church Street corridor, within walking distance of historic Downtown Lodi, local shops, & restaurants.
- New electrical subpanels were installed in 2024, while the all cement driveway & parking lot provide durability & low-maintenance ownership.
- Significantly below-market rents provide a clear opportunity to increase rental income and unlock additional value.
Executive Summary
The Church Street Apartments present an attractive investment opportunity with strong value-add potential in one of Lodi’s most desirable locations. The 9-unit community is situated along the quaint section of Church Street, just a short walk from Lodi’s renowned Historic Downtown district, providing residents with convenient access to local shops, restaurants, entertainment, and community events. The area is also surrounded by Lodi’s celebrated wineries and tasting rooms, adding to the appeal of this established and highly desirable neighborhood. The property consists of eight spacious 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, offering a highly desirable unit mix.
Significantly below-market rents provide a clear opportunity for an investor to increase rental income and unlock future upside. Recent capital improvements, including all-new electrical subpanels installed in 2024, help limit near-term capital needs, while the fully cemented driveway and parking lot provide a durable, low-maintenance amenity for residents and ownership. Combining a walkable Downtown Lodi location, proximity to renowned wineries and tasting rooms, below-market rents, recent electrical upgrades, and a manageable 9-unit scale, the Church Street Apartments offer an appealing blend of current stability and long-term upside.
Significantly below-market rents provide a clear opportunity for an investor to increase rental income and unlock future upside. Recent capital improvements, including all-new electrical subpanels installed in 2024, help limit near-term capital needs, while the fully cemented driveway and parking lot provide a durable, low-maintenance amenity for residents and ownership. Combining a walkable Downtown Lodi location, proximity to renowned wineries and tasting rooms, below-market rents, recent electrical upgrades, and a manageable 9-unit scale, the Church Street Apartments offer an appealing blend of current stability and long-term upside.
Property Facts
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 9 | Building Size | 5,000 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.8/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 2+1 | 1 | - | 600 |
Property Taxes
| Parcel Number | 041-140-18 | Improvements Assessment | $545,538 CAD |
| Land Assessment | $177,984 CAD | Total Assessment | $723,522 CAD |
Property Taxes
Parcel Number
041-140-18
Land Assessment
$177,984 CAD
Improvements Assessment
$545,538 CAD
Total Assessment
$723,522 CAD
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