20 S California Street is a multi-level, mixed-use commercial asset totaling approximately 16,000 square feet, strategically located in the heart of Downtown Stockton’s Commercial core. The property consists of five ground-floor retail suites, an upper-level second floor, and a full 10,000 SF basement, offering investors multiple paths to unlock value through leasing, repositioning, and functional redevelopment. The ground floor comprises 10,000 SF of retail space, currently 80% occupied (4 of 5 suites leased), providing in-place cash flow with immediate upside through lease-up of the vacant unit and rent optimization across the tenant mix. The 6,000 SF second floor and 10,000 SF basement represent substantial underutilized square footage, creating a clear value-add narrative through adaptive reuse, office/multi-family conversion, creative space, storage, or alternative commercial uses permitted under Downtown Commercial (DC) zoning. Here is your opportunity to invest in a submarket experiencing ongoing public and private reinvestment.