143 S California St - Apartments FOR SALE


Stockton, CA 95202- Downtown Stockton
$2,395,000 USD
510-725-4775
143 S California St, Stockton, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/13
null | 10.16% Cap Rate

143 S California St
Stockton, CA 95202
Downtown Stockton


HIGHLIGHTS

  • Two Separate Buildings on One Parcel with One Master Lease to an Organization That Provides Transitional Housing and Services to United States Veteran
  • Master Lease Tenant Pays ALL Utilities & Maintenance For Their Unit
  • Also includes 437 E Washington St, a Mixed-Use Four Unit Building Approx. 2,000 Sq. Ft. Comprised of Two Retail Units & Two Residential Units
  • Featuring New Roll-Up Doors, Dual Pane Windows, and Recently Serviced & Approved Elevator
  • Diamond in the Rough Value Add Opportunity!

OVERVIEW

https://143scalifornia.com/ This offering presents a seasoned investor the opportunity to acquire two buildings on a 10,000 Sq. Ft. lot on one APN (149-130-100-000) in downtown Stockton, CA. A minutes walk from San Joaquin County Human Services Agency building, the first building, 143 S California St is an 18,000 Sq. Ft. mixed use investment property right off CA Highway 4. Comprised of three floors, the entire 2nd and 3rd floors are master leased for 5 years on a NN lease. The ground floor has three vacant commercial units awaiting minor renovations to be ready to be leased. 143 S California St features new roll-up doors for the commercial units, dual pane windows, and recently serviced and city approved elevators. The second building is 437 E Washington St, a two story, approximately 2,000 Sq. Ft. mixed use building comprised of two retail units and two residential units delivered fully vacant providing an additional value add component.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

8

PRICE/UNIT

$299,375

CAP RATE

10.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,271 SF

ZONING

CD

APN/PARCEL ID

149-130-10

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.