Investment Overview

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. 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, especially the coveted 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 low-density 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 The 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 your Marcus & Millichap agent for more information or tours. Please do not disturb residents or management.