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$7,500,000
Est. payment /mo
16,896 SqFt
UPDATED:
02/03/2025 07:19 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,896 sqft
Price per Sqft $443
MLS Listing ID CL24459187
HOA Y/N No
Year Built 1970
Lot Size 1.630 Acres
Acres 1.63
Property Sub-Type Other
Property Description
Located at 4404 Manchester Avenue, Stockton, CA, Townhouse Pacifica Apartments presents a prime investment opportunity in a growing rental market. This well-maintained 38-unit building, consisting 37 of two-bedroom units and 1 unit of four-bedroom, offers stable cash flow and long-term appreciation. With low vacancy rates and strong tenant demand, the property provides reliable income.The property's location near major employment centers, San Joaquin Delta College, and the University of the Pacificjust a 10-minute walk awaymakes it highly appealing to renters. Easy access to Interstate 5 ensures quick commutes to Sacramento, San Jose, and San Francisco, while Downtown Stockton, just 3 miles away, offers convenient dining, shopping, and entertainment options.Situated in the desirable Weberstown/Kentfield neighborhood, the property benefits from nearby parks, shopping centers, and restaurants, attracting a diverse tenant base. This diversity enhances its resilience against economic fluctuations.With rising property values and rental rates in Stockton, the property offers significant upside potential through renovations and upgrades, ensuring strong returns and future growth.
Location
State CA
County San Joaquin
Interior
Heating Other
Flooring Tile, Carpet
Fireplace No
Laundry Community Facility
Building
New Construction No
Others
Tax ID 11022022
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Listed by Michael Song • JM Commercial Properties, Inc.