820-828 E Park St - Apartments FOR SALE


Stockton, CA 95202- Downtown Stockton
$1,799,888 USD
510-651-7111
820-828 E Park St, Stockton, CA for Sale
$1,799,888 USD
Apartments - FOR SALE
1/8
null | 6% Cap Rate

820-828 E Park St
Stockton, CA 95202
Downtown Stockton


HIGHLIGHTS

  • All sixteen units interior and exterior were renovated in 2017. All units feature updated electrical sub-panels for enhanced safety and reliability
  • One building in 2024 was improved to a pitched roof with composition shingles from original flat TPO
  • Property includes a secured entry gate, dedicated on-site management, parking, and a common area laundry facility supporting long-term tenant retentio

OVERVIEW

Park Street Apartments present a strong 16-unit investment opportunity located at 820-828 East Park Street in Stockton, California. With current rents below market, this property delivers immediate upside with a value add opportunity with a clear path to enhanced returns. All sixteen units are one-bedroom, one-bath residences with significant capital improvements enhancing the properties appeal in one of the Central Valley's strongest affordable housing markets. Current ownership has completed extensive renovations, with units featuring laminate flooring, ranges, microwaves, dishwashers, and wall-mounted A/C units. Additional amenities include gated access, on-site management, and a community laundry facility. Backed by strong rental demand and favorable market fundamentals, Park Street Apartments presents an excellent opportunity for a seasoned or first time buyer to acquire a well-maintained asset with immediate income and long-term upside. Attractive Investment Opportunity — 16-unit multifamily with current rents below market and immediate value-add upside. Uniform Unit Configuration — All sixteen units are one-bedroom, one-bath residences at 508 square feet Renovated by Current Ownership — All sixteen units interior and exterior were renovated upon acquisition (2017), delivering modern finishes and reducing near-term capital expenditure risk for an incoming buyer. Upgraded Electrical Sub-Panels — All units feature updated electrical sub-panels for enhanced safety and reliability (Completed in 2025) Pitched Roof w/ Composition Shingles — 828 building (in 2024) was improved to a pitched roof with composition shingles from original flat TPO. 820 has flat TPO roof Strong On-Site Amenities — Property includes a secured entry gate, dedicated on-site management, parking, and a common area laundry facility supporting long-term tenant retention.

FOR SALE DETAILS

PRICE

$1,799,888 USD

PRICE/SF

$221 USD /SF

# OF UNITS

16

PRICE/UNIT

$112,493

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C2

APN/PARCEL ID

139-225-03,139-225-04

ASK ABOUT THIS PROPERTY

Ruby WaraichRealty ONE Group AmericanMore Info
510-651-7111

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Ruby WaraichRealty ONE Group AmericanMore Info
510-651-7111

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