610 E Pine St - Apartments FOR SALE


Lodi, CA 95240
$2,950,000 USD
916-212-9809
610 E Pine St, Lodi, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/19
null | 6.22% Cap Rate

610 E Pine St
Lodi, CA 95240


HIGHLIGHTS

  • Excellent Historical Occupancy
  • Security Gated Entrance
  • Ample Covered/Uncovered Off Street Parking

OVERVIEW

The Moayed Group of Marcus & Millichap is pleased to announce an exclusive listing for the sale of 610 E. Pine Street in Lodi, Ca. Constructed in 1977 and situated on 0.52 acres lot, this two-story building is comprised of eighteen (18) one-bed/one-bath units at approximately 569 square feet each. The property features a flat, mansard roof, T1-11 siding, furnace/wall mount A/C, wood frame, single and dual pane windows, private patios and balconies for select units. Well located in close proximity to the popular downtown district of Lodi and situated at the town’s easternmost side, practically adjacent to Lodi’s rural countryside. The complex provides 18, one (1)-bed/one (1)-bath units, a swimming pool, security gates and covered parking. Historically, the Pine Street Apartments have maintained an excellent occupancy with Pride of Ownership management. Situated 90 miles east of San Francisco and 35 miles south of Sacramento, the City of Lodi is the northern-most city in San Joaquin County. While committed to “quality growth,” the city strives to protect its historical, small-town charm. Lodi is nationally known for being the center of wine production (the “Zinfandel Capital of the World”), and is the home of the well known winery, Robert Mondavi. Not only is Lodi highly nationally recognized for its emerging wine country (with over 80 wineries within Lodi), the city also offers its residence and visitors a wide variety, such as; a beautiful historical downtown, classic vintage homes, newer contemporary developments, Lodi’s “Hutchins Street Square” (an 800 seat performing arts center), Lodi’s “Grape Bowl Stadium,” and Lodi Lake.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

18

PRICE/UNIT

$163,889

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

MX

APN/PARCEL ID

043-230-18

ASK ABOUT THIS PROPERTY

Aaron MoayedMarcus & MillichapMore Info
916-212-9809

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

Aaron MoayedMarcus & MillichapMore Info
916-212-9809

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