CA > Stockton
Stockton, CA 95204,1905 N El Dorado ST
Stockton, CA 95204,1905 N El Dorado ST
Stockton, CA 95204,1905 N El Dorado ST
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$2,450,000
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11,158 SqFt
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1905 N El Dorado ST Stockton, CA 95204

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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

Lease Land No

MetroList® Services, Inc
Listed by ALIVE Commercial Real Estate

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1905 N El Dorado ST

 
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