1905 N El Dorado St - Apartments FOR SALE


Stockton, CA 95204- Country Club/Pacific
$2,450,000 USD
530-401-1885
1905 N El Dorado St, Stockton, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/17
null | 6.12% Cap Rate

1905 N El Dorado St
Stockton, CA 95204
Country Club/Pacific


HIGHLIGHTS

  • Offered at an attractive Basis $122,500 Per Unit.
  • Features 100% Townhouse Style Floor Plans.
  • 6.12% Current Cap Rate Underwritten to a Realistic 45% Expense Load.
  • Rents Approximately 13% Below Market, Offering Clear Value-Add Upside Through Operational Improvements.
  • Projected Cash-on-Cash Return Approaching 8% Upon Stabilization.
  • SB-721 Compliant.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present 1905 N El Dorado St, a well-maintained 20-unit multifamily investment offering exceptional value add potential in the Pacific submarket of Stockton CA. The property features 100% one-bedroom townhome units—a desirable floorplan in high demand among renters. Current rents sit approximately 13% below market, providing a clear path for income growth through modest operational and management enhancements, without the need for significant capital investment. Upon stabilization, the asset is projected to generate an attractive cash-on-cash return approaching 8%. Stockton’s rental market fundamentals remain strong, with fewer than 100 market-rate units currently in the development pipeline and steady population and employment growth fueling continued demand for rental housing. 1905 N El Dorado Street presents investors with the opportunity to acquire a well maintained asset at a significant discount to replacement cost—timed perfectly as interest rates begin to ease. Favorable market conditions are creating highly attractive leverage scenarios, where available financing supports cash-on-cash returns well above recent historical averages.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

20

PRICE/UNIT

$122,500

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-3, Stockton

APN/PARCEL ID

127-045-05

ASK ABOUT THIS PROPERTY

Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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