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Listed by Cheryl Cardamon • 1 Percent Lists Smart Rate Realty, DRE#01951147
$699,000
Est. payment /mo
8 Beds
4 Baths
3,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $218
MLS Listing ID ML82051221
Bedrooms 8
Full Baths 4
Year Built 1992
Lot Size 5,000 Sqft
Property Sub-Type Fourplex
Property Description
RARE FIND MULTI-FAMILY INCOME PROPERTY IN STOCKTON! Exceptional opportunity to acquire a highly stable 4plex/apartment-style asset in a high-visibility corridor. Perfect for a seasoned portfolio or value-add investor. Features a proven track record of operational consistency with established, long-term tenants, exceptionally low historic expenses, and a low-maintenance footprint. Four units. Each approximately ~800 sqft, 2 bedrooms, 1 bath. Located at 1311 E. Sonora St, featuring premier convenience with immediate access to Hwy 99 and the Crosstown Fwy (Hwy 4)an effortless commute across San Joaquin County. Units are near transit, parks, and retail, making them very easy to rent with historically low vacancy. Each unit is optimized for tenant retention. Current rents sit below market, presenting massive upside for future income optimization. True buy-and-hold legacy asset offered by longtime owners. Contact your agent for Offer Memorandum (OF).
Location
State CA
County San Joaquin
Area Stockton South
Zoning RM
Interior
Heating Wall Furnace
Cooling Ceiling Fan, Window / Wall Unit
Exterior
Parking Features Other
Utilities Available Public Utilities
Roof Type Flat / Low Pitch
Building
Story 2
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 151-273-15
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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