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$9,485,000
Est. payment /mo
1.83 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82063779
HOA Y/N No
Year Built 1973
Annual Tax Amount $105,742
Lot Size 1.830 Acres
Property Description
53 apartments in four two-story buildings, built in 1972: 31 two-bedroom/one-bath and 22 one-bedroom/one-bath units in about 36,042 SF on a 1.85-acre lot. Gated garden community in Stockton's established Lincoln Village neighborhood, set around newly landscaped grounds with new sprinklers and sod. About 80% of units have been renovated, with electrical mains and subpanels replaced in 2025, about two-thirds of the HVAC units replaced, and a newly resurfaced parking lot with about 1.5 spaces per unit. Gas and electric are separately metered, and RUBS is in place on some units. Market rents run about 25% above in-place rents. In the Lincoln Unified School District, about half a mile from Lincoln Center shopping and dining, and close to Delta College, University of the Pacific and I-5. 7.13% current cap; 9.00% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County San Joaquin
Area 699 - Not Defined
Zoning R3B
Interior
Fireplace No
Exterior
Utilities Available Other
Roof Type Other
Total Parking Spaces 79
Building
Water Other
Schools
School District Other
Others
Tax ID 09746217
Special Listing Condition Standard
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Listed by Alina Siert KW Advisors #01893238
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