4416 Precissi Ln - Apartments FOR SALE


Stockton, CA 95207- Weberstown/Kentfield
$9,800,000 USD
916-724-1294
4416 Precissi Ln, Stockton, CA for Sale
$9,800,000 USD
Apartments - FOR SALE
1/55
null | Request Cap Rate

4416 Precissi Ln
Stockton, CA 95207
Weberstown/Kentfield


HIGHLIGHTS

  • Unique 40-unit apartment community built in 2002. Modern construction minimizes maintenance costs and simplifies insurance requirements
  • High demand from the University of Pacific school of pharmacy, just 0.4 miles away
  • Spacious floorplans, in suite W/D hookups, gated access, and lush mature landscaping

OVERVIEW

The DeLoney Group at Marcus & Millichap is proud to present The Cottages, a meticulously maintained 40-unit apartment community, built in 2002 and located adjacent to the University of the Pacific in Stockton, California. The offering, for sale for the very first time, exclusively features two bedroom / two bathroom units, each spanning a generous 944 square feet. While not deeded as a student property, The Cottages has naturally attracted students from the Thomas J. Long School of Pharmacy, which is located just 0.4 miles away. The property’s spacious floor plans, particularly the rare two-bedroom, two-bathroom layouts, provide tenants with privacy—making them especially popular among roommates. In addition to the thoughtful unit designs, the property offers a lowdensity environment, covered parking, gated access, and lush landscaping, all of which distinguish it from competing properties in the area. Located in the heart of the Central Valley, The Cottages benefits from direct access to major employment centers such as the Bay Area, Silicon Valley, and Sacramento. The city is well-served by key highways, including I-5 and CA-99, making it an ideal hub for residential living and commuting professionals. With Stockton’s steady population growth and a lack of new construction in the region, the demand for rentals is projected to continue rising, which will likely put upward pressure on rents. The new owner of Cottages can add value by eroding the approximate 12% loss to lease on the rent roll upon lease renewal. As a property built in 2002, it combines the advantages of newer construction with a relatively low unit count, a very rare combination in today’s marketplace. The property is stable, low-maintenance, and provides a clear path to upside through strategic rent adjustments. Please contact The DeLoney Group for more information or tours. Please do not disturb residents or management.

FOR SALE DETAILS

PRICE

$9,800,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

40

PRICE/UNIT

$245,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cottage Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

83,992 SF

ZONING

-

APN/PARCEL ID

110-420-12

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

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