name

7-Unit Apartment Building

  • STOCKTON, CA
  • $1,170,000
$1,170,000

8449 Kelley Drive

7,146 Sq.Ft. 0.49 Acres

Description

HAYLEN Group is proud to present a distinctive apartment building consisting of 7 spacious townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. Situated in a quiet cul-de-sac, this property offers numerous amenities such as laundry hook-ups in every unit, detached one-car garages, and additional on-site parking. There are excellent prospects for growth with an opportunity to increase rents and/or the potential for development or expansion on the 21,480 SF lot (buyers to verify potential to expand). This property, built in 1979 with a new roof layer installed in 2021, presents an attractive investment opportunity. This is also one of the few available properties with 5+ units in Stockton, and it is currently the only one available in the northwestern area of the city. Conveniently located near the 5 freeway, University of the Pacific, retail centers, and major employers in the region, this property offers easy access to various amenities.

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Location

8449 Kelley DR, STOCKTON, CA 95209

Status

Sold

Date Sold

October 18, 2023

7,140

7,140

Square Foot

21,480

21,480

Lot Size (sqft)

12

12

Parking Spaces

4.14%

4.14%

Cap Rate

5.86%

5.86%

Pro-Forma Cap Rate

1979

1979

Year Built

01

Exterior & Building

Garage Spaces

7.0

Water Source

Public

Parking

Detached

Heat Type

Central, Forced Air

Air Conditioning

Central Air

Sewer

Public Sewer

Substructure

Slab
01

Lot & Area

Status

Sold

Living Area

7,146 Sq.Ft.

Lot Size

0.49 Acres

MLS® ID

ML81931280

Type

Multi-Family

Year Built

1979
01

Finance

Sales Price

$1,170,000

Zoning

R3
01

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Helen Chong

EM

Helen Chong

Founder, CCIM, CIPS, GRI

01700495

Peter Whang

EM

Peter Whang

Real Estate Investment Advisor

01996428