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1414 E Oak ST Stockton, CA 95205
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Key Details
Sold Price $755,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223077429
Sold Date 01/03/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1970
Lot Size 5,001 Sqft
Acres 0.1148
Property Sub-Type 5 or More Units
Property Description
Pleased to present 1414 E. Oak Street or sale, an eight (8) unit apartment complex located in Downtown Stockton. The property is an excellent opportunity for a first time investor to own an apartment complex with below market rents, with a clear path to a higher return through management expense reduction, loss to lease recovery and addition of income streams, such as laundry. Built in 1970, the buildings consists of all one-bedroom, one-bathroom units that are approximately 500 SF in size. The property includes a storage room that may be converted into a laundry room, along with gated, secure entry point tenants. Being sold together with 640 W. Park Street, or separated, 1414 E. Oak Street offers a great opportunity for an investor to own units in the rapidly appreciating Stockton market.
Location
State CA
County San Joaquin
Area 20702
Direction Take exit 67 on HWY 4. Head North on Wilson Way until you reach E. Oak St. Turn left west on E. Oak St. Your destination will be on the NWQ of the block.
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Varies by Unit
Window Features Varies by Unit
Appliance Disposal, Electric Cook Top
Laundry In Common Area
Exterior
Parking Features See Remarks
Utilities Available Natural Gas Connected, Cable Connected, City, Electric, Internet Available
Water Access Desc Meter on Site
Roof Type Other
Total Parking Spaces 8
Building
Lot Description None
Story 2
Foundation Slab
Sewer Public Sewer
Water Meter on Site
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 151-096-03
Special Listing Condition None
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Bought with Berkshire Hathaway HomeServices Drysdale Properties - Merced
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