Stockton, CA 95203,532 S Los Angeles AVE
Stockton, CA 95203,532 S Los Angeles AVE
Stockton, CA 95203,532 S Los Angeles AVE
Stockton, CA 95203,532 S Los Angeles AVE
Stockton, CA 95203,532 S Los Angeles AVE
Stockton, CA 95203,532 S Los Angeles AVE
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$345,000

$375,000

8.0%
Est.Price: ?

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Est. payment /mo

0.5 Acres Lot


SOLD DATE : 01/16/2024

Key Details

Sold Price $345,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 223096800

Sold Date 01/16/24

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1950

Lot Size 0.500 Acres

Acres 0.5

Property Description

Reduced Price with extremely motivated Seller. Fixer with a solid 10% cap rate. Exceptional multifamily investment opportunity situated in Boggs Tract encompassing a generous almost half-acre lot, this property features 2 single-family houses and a side-by-side duplex. (4) 2-bedroom, 1-bathroom units totaling 2,675 square feet. Front side-by-side duplex converted into 4 studios has demo permit and a fresh plans to satisfy County violation to convert back. After renovations, front house will be side-by-side duplex with 2, 2 bedroom units. Property has two paying tenants in single family units in the back, cash-flowing from day 1 with a gross income of $2400 per month. Effortless access to diverse destinations, making it an ideal choice for both tenants and investors. The rear portion of the property offers substantial space for a creative investor to enhance its value, and property is on public electric, water and sewage, ripe for subdivision with Buyer to verify. Explore the blend of cash-flow, opportunity, and potential in this investment gem. This property was a foreclosure sale currently owned by previous lender. Offers accepted on a rolling basis. Property is subject to Inspection. Do not disturb tenants.

Location

State CA

County San Joaquin

Area 20801

Direction Please use GPS - Across from the Boggs Tract Community Center

Interior

Heating Gas, Wall Furnace, Individual

Cooling Window Unit(s), Varies by Unit, None

Flooring Laminate, Vinyl, Varies by Unit

Equipment None

Laundry Varies by Unit

Exterior

Parking Features Off Street, Guest Parking Available

Utilities Available Natural Gas Connected, Electric

Water Access Desc Public

Roof Type Shingle

Total Parking Spaces 8

Building

Lot Description Shape Irregular

Story 1

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Schools

Elementary Schools Stockton Unified

Middle Schools Stockton Unified

High Schools Stockton Unified

School District San Joaquin

Others

Senior Community No

Tax ID 145-080-30

Special Listing Condition Offer As Is

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MetroList® Services, Inc (RESO)
Listed by eXp Realty of California Inc.
Bought with Fidelity Brokers, Inc
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