462 Delhi Avenue is a fully renovated five-unit apartment community in Stockton, California, offered at $569,999 ($114,000/unit, ~$271/SF). The property consists of five one-bedroom / one-bath units, each extensively updated with new flooring, granite kitchen counters, gas ranges, remodeled bathrooms, new windows, and upgraded electrical panels — a turnkey asset requiring minimal near-term capital investment. The offering presents a stabilized cash-flow play with built-in lease-up upside. Three units are currently leased and two renovated units are available for immediate occupancy. Tenants pay their own gas and electric plus a flat $125/month fee covering water, sewer, and trash, holding owner operating expenses low and supporting a projected 10.5% gross yield and approximately 7% cap rate at market. Positioned in California's Central Valley near Interstate 5 and Highway 99, Stockton offers relative affordability and steady workforce-renter demand, making this an accessible entry point for private investors and 1031-exchange buyers. Investment Highlights Priced at $114,000/unit — below replacement cost for a renovated Central Valley asset Fully renovated interiors: flooring, kitchens, baths, windows, electrical Efficient all-1BD/1BA unit mix — simple management, strong workforce demand Tenant-paid utilities (gas/electric + flat $125/mo water, sewer, trash) Two move-in-ready units for immediate lease-up Ideal for private capital or 1031-exchange buyers