$375,000
$410,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
7,492 Sqft Lot
SOLD DATE : 04/30/2021
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20056669
Sold Date 04/30/21
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1882
Lot Size 7,492 Sqft
Acres 0.172
Property Description
27-31 W Magnolia St., Stockton is a well maintained 5 unit complex within the high demand rental market of the outer downtown. The subject property is easy to manage with low expenses as its metered for electrical and gas which are paid for by the tenants plus each unit is equipped with its own water heater. The property is comprised of four (4) - 1 Bedroom / 1 Bath plus one (1) Studio/1 Bath apartments with an average of 463 SF. The average rental rate of $788 indicates that the rental housing market is in high demand in this area. Public record varies in the construction date but much of the exterior and interiors have been noticeably upgraded over the decades. The stucco and foundation appear to be in very good condition along with the interiors.
Location
State CA
County San Joaquin
Area 20701
Direction From N Pershing head East on W Magnolia and property is on the left hand side.
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Flooring Carpet, Tile
Equipment None
Appliance Gas Cook Top, Built-In Refrigerator, Free Standing Electric Oven
Laundry Other
Exterior
Parking Features Uncovered
Utilities Available Natural Gas Connected, Cable Connected, City
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Shape Regular, Curbs/Gutters
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
Schools
Elementary Schools Stockton Unified
Middle Schools Stockton Unified
High Schools Stockton Unified
School District San Joaquin
Others
Senior Community No
Tax ID 137-124-11
Special Listing Condition None
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