NOT LISTED FOR SALE

23 E Walnut St Stockton, CA 95204

Midtown Neighborhood

Estimated Value: $529,000 - $631,426

4 Beds
4 Baths
2,000 Sq Ft
$297/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $638,000 $319 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,880/month

20 Days on Market

Highlights

  • Traditional Architecture
  • Coin Laundry
  • Level Lot
  • No HOA

About This Home

As of June 2022

Excellent turn-key investment. A great opportunity to own a 4-Plex centrally located in the charming historic area of Stockton close to everything; downtown, the Stockton Arena & ball park, UOP, Stanislaus State Stockton Campus, transit, freeways, shopping, parks and more. Located on a quiet tree lined street, all units have 1 bedroom, 1 full bath, with parking at the rear of the building with alley access from both El Dorado Street and Center Street. Separate utility meters. PLEASE DO NOT DISTURB THE TENANTS. Total annual rents are $61,752. GRM is 10.12 and 9.88% Cap Rate. Similar units in the neighborhood recently rented for $1,495 per month! Potential annual rents of $71,760 with a GRM of 8.7 and 11.5% Cap Rate! A fantastic investment opportunity. Please note the 4-Plex next door at 21 E. Walnut is also for sale. Great opportunity to own two 4-Plex next to each other.

Last Agent to Sell the Property

Greg Batchelder

Windermere Signature Properties El Dorado Hills/Folsom License #01321061 Listed on: 04/19/2022

Windermere Signature Properties El Dorado Hills/Folsom

Last Buyer's Agent

Kimberleigh Colen

eXp Realty of California Inc. License #01748685

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,186

Year Built

  • Built in 1965

Lot Details

  • 2,500 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 2-Story Property

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 127-050-21

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,186

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1965
  • Architectural Style: Traditional
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Flooring: Varies by Unit
  • Price Per Square Foot: 317.41
  • Window Features: Varies by Unit

Exterior Features

  • Construction Materials: Stucco, Frame
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Foundation: Slab
  • Listing Price: 625000.00
  • Lot Features: Shape Regular, Curbs/Gutters
  • Topography: Level

Garage/Parking

  • Open Parking Spaces: 4.00
  • Parking Features: Off Street, See Remarks
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Varies by Unit
  • Electric: 220 Volts
  • Heating: Varies by Unit
  • Laundry Features: Coin Operated, In Common Area
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: RES
  • Irrigation: None
  • Lot Size Acres: 0.0574
  • Lot Size Sq Ft: 2500.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, See Remarks, Other
  • Lease Term: Month To Month
  • Total # Leasable: 4

Multi Family

  • Gross Income: 61752
  • Income Includes: Other
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Number of Vacant Units: 1
  • Units Furnished: None
  • One Bedrooms Occupied: 3

Tax Info

  • Assessor Parcel Number: 127-050-21
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2023
Sold by
Denise Jeong Trust
Bought by
3Jd Llc
Current Estimated Value
$584,088

Purchase Details

Listed on
Jan 7, 2016
Closed on
Feb 12, 2016
Sold by
Mallery Terry M and The T M Mallery 2000 Revocable
Bought by
Gulfstream Portfolio Management Llc
Seller's Agent
David Renison
Renison Realty
Buyer's Agent
Patric Carpenter
Real Broker
List Price
$185,000
Sold Price
$165,000
Premium/Discount to List
-$20,000
-10.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.56%
Original Mortgage
$60,036
Interest Rate
3.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 9, 2011
Sold by
Mallery Terry M
Bought by
Mallery Terry M and The T M Mallery 2000 Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2009
Sold by
Central Mortgage Company
Bought by
Mallery Terry M and T M Mallery 2000 Revocable Tru

Purchase Details

Closed on
Jul 11, 2008
Sold by
Gonzalez Javier R and Gonzalez Bertha
Bought by
Central Mortgage Co and Central Mortgage Loan Servicing

Purchase Details

Closed on
Oct 6, 2005
Sold by
Hernandez Salvador and Hernandez Maria
Bought by
Gonzalez Javier R and Gonzalez Bertha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,184
Interest Rate
5.67%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
3Jd Llc -- None Listed On Document
Denise Jeong Trust -- None Listed On Document
Gulfstream Portfolio Management Llc $165,000 Fidelity National Title Co
Mallery Terry M -- Old Republic Title Company
Mallery Terry M -- Old Republic Title Company
Mallery Terry M -- Old Republic Title Company
Mallery Terry M $125,000 Chicago Title Company
Central Mortgage Co $178,000 Accommodation
Gonzalez Javier R $390,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gulfstream Portfolio Management Llc $60,036
Previous Owner Mallery Terry M $77,000
Previous Owner Gonzalez Javier R $4,184
Previous Owner Gonzalez Javier R $300,000
Previous Owner Hernandez Salvador $252,000
Previous Owner Hernandez Salvador $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $638,000 +2.1% $319 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $625,000 +278.8% $313 / Sq Ft
02/18/2016 02/18/16 Sold $165,000 -10.8% $83 / Sq Ft
01/11/2016 01/11/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $185,000 -- $93 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,186 $663,775 $60,343 $603,432
2023 $2,372 $187,736 $56,889 $130,847
2022 $2,340 $184,056 $55,774 $128,282
2021 $2,249 $180,448 $54,681 $125,767
2020 $2,292 $178,599 $54,121 $124,478
2019 $2,283 $175,098 $53,060 $122,038
2018 $2,241 $171,666 $52,020 $119,646
2017 $2,125 $168,300 $51,000 $117,300
2016 $1,793 $135,974 $48,951 $87,023
2015 $1,792 $133,933 $48,216 $85,717
2014 $1,700 $131,310 $47,272 $84,038
Source: Public Records

Agents Affiliated with this Home

  • Greg Batchelder

    Seller's Agent in 2022

    Greg Batchelder

    Lyon Real Estate

    (916) 205-6943

    2 in this area

    86 Total Sales

    Section Image

  • K

    Buyer's Agent in 2022

    Kimberleigh Colen

    eXp Realty of California Inc.

    Section Image

  • D

    Seller's Agent in 2016

    David Renison

    Renison Realty

    Section Image
  • Patric Carpenter

    Buyer's Agent in 2016

    Patric Carpenter

    Real Broker

    (916) 847-2793

    5 Total Sales

    Section Image
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Map

Source: MetroList

MLS Number: 222048111

MetroList

APN: 127-050-21

California San Joaquin County Stockton 95204 Midtown

23 E Walnut St, Stockton, CA

This home is located at 23 E Walnut St, Stockton, CA 95204 since 19 April 2022 and is currently estimated at $593,107, approximately $296 per square foot. This property was built in 1965. 23 E Walnut St is a home located in San Joaquin County with nearby schools including El Dorado Elementary School, Wilson Elementary School, and Cleveland Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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