Park Street Apartments 820-828 E Park St 16 Unit Apartment Building $2,526,737 CAD ($157,921 CAD/Unit) 6% Cap Rate Stockton, CA 95202

Park Street Apartments present a strong 16-unit investment opportunity located at 820-828 East Park Street in Stockton, California. With current rents below market, this property delivers immediate upside with a value add opportunity with a clear path to enhanced returns. All sixteen units are one-bedroom, one-bath residences with significant capital improvements enhancing the properties appeal in one of the Central Valley's strongest affordable housing markets.
Current ownership has completed extensive renovations, with units featuring laminate flooring, ranges, microwaves, dishwashers, and wall-mounted A/C units. Additional amenities include gated access, on-site management, and a community laundry facility. Backed by strong rental demand and favorable market fundamentals, Park Street Apartments presents an excellent opportunity for a seasoned or first time buyer to acquire a well-maintained asset with immediate income and long-term upside.
Attractive Investment Opportunity — 16-unit multifamily with current rents below market and immediate value-add upside.
Uniform Unit Configuration — All sixteen units are one-bedroom, one-bath residences at 508 square feet
Renovated by Current Ownership — All sixteen units interior and exterior were renovated upon acquisition (2017), delivering modern finishes and reducing near-term capital expenditure risk for an incoming buyer.
Upgraded Electrical Sub-Panels — All units feature updated electrical sub-panels for enhanced safety and reliability (Completed in 2025)
Pitched Roof w/ Composition Shingles — 828 building (in 2024) was improved to a pitched roof with composition shingles from original flat TPO. 820 has flat TPO roof
Strong On-Site Amenities — Property includes a secured entry gate, dedicated on-site management, parking, and a common area laundry facility supporting long-term tenant retention.