610 E Pine St 18 Unit Apartment Building $4,048,167 CAD ($224,898 CAD/Unit) 6.21% Cap Rate Lodi, CA 95240

The Moayed Group of Marcus & Millichap is pleased to announce an exclusive listing for the sale of 610 E. Pine Street in Lodi, Ca. Constructed in 1977 and situated on 0.52 acres lot, this two-story building is comprised of eighteen (18) one-bed/one-bath units at approximately 569 square feet each. The property features a flat, mansard roof, T1-11 siding, furnace/wall mount A/C, wood frame, single and dual pane windows, private patios and balconies for select units.
Well located in close proximity to the popular downtown district of Lodi and situated at the town’s easternmost side, practically adjacent to Lodi’s rural countryside. The complex provides 18, one (1)-bed/one (1)-bath units, a swimming pool, security gates and covered parking. Historically, the Pine Street Apartments have maintained an excellent occupancy with Pride of Ownership management. Situated 90 miles east of San Francisco and 35 miles south of Sacramento, the City of Lodi is the northern-most city in San Joaquin County. While committed to “quality growth,” the city strives to protect its historical, small-town charm.
Lodi is nationally known for being the center of wine production (the “Zinfandel Capital of the World”), and is the home of the well known winery, Robert Mondavi. Not only is Lodi highly nationally recognized for its emerging wine country (with over 80 wineries within Lodi), the city also offers its residence and visitors a wide variety, such as; a beautiful historical downtown, classic vintage homes, newer contemporary developments, Lodi’s “Hutchins Street Square” (an 800 seat performing arts center), Lodi’s “Grape Bowl Stadium,” and Lodi Lake.