$1,450,000
SOLD APR 10, 2025
2 Beds
1 Bath
12,672 Sq Ft
0.56 Acres

Recently Sold

$114 Per Sq Ft

34% Below List Price

1 Day on Market

Highlights

  • 0.56 Acre Lot
  • Private Lot
  • No HOA
  • Contemporary Architecture
  • Furnished
  • Tile Flooring

About This Home

As of April 2025

Welcome to 1616 East Market Street, Stockton, CA! This impressive (16) unit apartment building offers a lucrative investment opportunity with long-term tenants and solid cash flow. Built in 1992, the property features (16) units - all two bed, one bath, approx 792 sqft each. Building amenities include: private/secure parking with property management company willing to remain with new ownership. This well-maintained complex is an excellent addition to any investment portfolio. Located in a prime area, an hour south of Sacramento this property offers convenience and potential for growth. Don't miss this chance to own a profitable and well-situated investment property in Stockton!

Last Agent to Sell the Property

George El-Chemali

Compass License #02129952 Listed on: 09/17/2024

Compass

Co-Listed By

Lisa Becker

Compass License #02004550

Last Buyer's Agent

Matt Sadati

Matt Sadati License #00704888

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 0.56 Acre Lot
  • Security Fence
  • Private Lot

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 12,672 Sq Ft Home
  • 2-Story Property
  • Furnished

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range

Flooring

  • Carpet
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 16 Parking Spaces
  • Guest Parking

Listing and Financial Details

  • Assessor Parcel Number 155-020-66

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Building Details

  • 15 Leased Units
  • 1 Vacant Unit
  • 10 Units Leased Month-To-Month
  • Net Lease

Security

  • Building Fire Alarm

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1993
  • Architectural Style: Contemporary
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, See Remarks
  • Flooring: Carpet, Tile, See Remarks
  • Price Per Square Foot: 114.43
  • Square Footage: 12672.00

Exterior Features

  • Construction Materials: Wood
  • Foundation: Slab, See Remarks
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 2000000.00
  • Lot Features: Private, Other
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Guest Parking Available, See Remarks
  • Total Parking Spaces: 16.00

Utilities

  • Security: Carbon Mon Detector, Fire Alarm, Smoke Detector, Security Fence
  • Sewer: See Remarks
  • Utilities: City
  • Cooling: See Remarks
  • Heating: See Remarks
  • Laundry Features: Other
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning: C2
  • Irrigation: See Remarks
  • Lot Size Acres: 0.5609
  • Lot Size Sq Ft: 24433.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Gross Income: 216000
  • Income Includes: ["See Remarks"]
  • Total Number Leasable: 16
  • Number of Leased Units: 15
  • Number of Month to Month Units: 10
  • Number of Units: 16
  • Number of Vacant Units: 1
  • Units Furnished: All Units

Tax Info

  • Assessor Parcel Number: 155-020-66
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $1,500 -11.8% $2 / Sq Ft
06/01/2025 06/01/25 For Rent $1,700 0.0% --
04/10/2025 04/10/25 Sold $1,450,000 0.0% $114 / Sq Ft
03/06/2025 03/06/25 Off Market $1,450,000 -- --
01/01/2025 01/01/25 Off Market $1,450,000 -- --
09/18/2024 09/18/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $2,200,000 -- $174 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224104379

MetroList