1905 N El Dorado ST Active Save Request In-Person Tour Request Virtual Tour
Stockton,CA 95204
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,158 sqft
Price per Sqft $219
MLS Listing ID 225142769
HOA Y/N No
Year Built 1971
Lot Size 0.446 Acres
Acres 0.4461
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
El Dorado Townhomes is a well-maintained 20-unit multifamily investment offering exceptional value add potential in the Pacific submarket of Stockton CA. The property features 100% one-bedroom townhome unitsa desirable floor plan in high demand among renters. Current rents sit approximately 13% below market, providing a clear path for income growth through modest operational and management enhancements, without the need for significant capital investment. Upon stabilization, the asset is projected to generate an attractive cash-on-cash return approaching 8%. Stockton's rental market fundamentals remain strong, with fewer than 100 market-rate units currently in the development pipeline and steady population and employment growth fueling continued demand for rental housing. 1905 N El Dorado Street presents investors with the opportunity to acquire a well maintained asset at a significant discount to replacement costtimed perfectly as interest rates begin to ease. Favorable market conditions are creating highly attractive leverage scenarios, where available financing supports cash-on-cash returns well above recent historical averages.
Location
State CA
County San Joaquin
Area 20701
Direction E Maple St and N El Dorado St.
Rooms
Other Rooms Unit-1 Type: Apartment Approx SqFt: 558 Bedrooms: 1 Full Baths: 1 Rent: 1157 SqFt Source: Not Measured
Interior
Heating Central
Cooling Central
Flooring Carpet,Tile
Laundry Coin Operated,Washer/Dryer Leased
Exterior
Parking Features Off Street,Offsite,Carport,Covered
Carport Spaces 7
Utilities Available Sewer Connected,Electric,Natural Gas Connected
Water Access Desc Water District,Public
Roof Type Composition
Total Parking Spaces 20
Building
Lot Description Corner,Garden
Story 2
Foundation Slab
Sewer Public Sewer
Water Water District,Public
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 127-045-05
Special Listing Condition Other