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Multifamily

35 W Magnolia St

35 W Magnolia St, Stockton, CA 95202

Listing Price: $970,000

Cap Rate
5.89%
Number of Units
8
GRM
9.19
Occupancy
95.0%
Price/Unit
$121,250
Price/Gross SF
$194.00
Gross SF
5,000

Investment Overview

Marcus & Millichap is pleased to present the sale of 35 W Magnolia Street, located in Stockton, CA. The building boasts a highly desirable unit makeup, featuring all one-bedroom units measuring approximately 600 square feet. The lot offers substantial parking space, and there is also an on-site laundry facility.

Although this building is not classified as an affordable property, the current tenant profile comprises a mix of market-rate and Central Valley Low-Income Housing tenants. The opportunity includes five units that have been upgraded and remodeled with new kitchen features, appliances, and vinyl flooring.

The property's location is outstanding, with convenient access to major freeways and within walking distance to Stockton's downtown amenities and venues. There is a significant value-add component for any investor willing to upgrade and remodel the last two units, resulting in a stable cash flow investment and benefiting from the building's appreciation.

Investment Highlights

  • Great Opportunity to Purchase A Value-Add Property Located in Stockton, CA
  • All One-Bedroom Units Measuring Approximately 600 Square Feet
  • Five Out of Eight Units Have Been Upgraded & Remodeled
  • Rare Opportunity to Work With An Extremely Motivated Seller

Exclusively Listed By

Multifamily

35 W Magnolia St

Listing Price: $970,000

Cap Rate
5.89%
Number of Units
8
GRM
9.19
Occupancy
95.0%
Price/Unit
$121,250
Price/Gross SF
$194.00
Gross SF
5,000

Investment Highlights

  • Great Opportunity to Purchase A Value-Add Property Located in Stockton, CA
  • All One-Bedroom Units Measuring Approximately 600 Square Feet
  • Five Out of Eight Units Have Been Upgraded & Remodeled
  • Rare Opportunity to Work With An Extremely Motivated Seller

Investment Overview

Marcus & Millichap is pleased to present the sale of 35 W Magnolia Street, located in Stockton, CA. The building boasts a highly desirable unit makeup, featuring all one-bedroom units measuring approximately 600 square feet. The lot offers substantial parking space, and there is also an on-site laundry facility. Although this building is not classified as an affordable property, the current tenant profile comprises a mix of market-rate and Central Valley Low-Income Housing tenants. The opportunity includes five units that have been upgraded and remodeled with new kitchen features, appliances, and vinyl flooring. The property's location is outstanding, with convenient access to major freeways and within walking distance to Stockton's downtown amenities and venues. There is a significant value-add component for any investor willing to upgrade and remodel the last two units, resulting in a stable cash flow investment and benefiting from the building's appreciation.

Exclusively Listed By

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