For Sale
$1,789,990

32 American StStockton, CA 95202

High-yield, 34-unit multifamily complex

Overview

Added:
Feb 3
Days on market:
60
This exceptional investment opportunity presents a 34-unit multifamily property situated on three parcels totaling 0.11 acres at 32 S American Street, Stockton, CA. The main building boasts approximately 15,000 square feet (plus an uncalculated basement potentially adding another 5,000 square feet), encompassing 29 units. A separate building at 34 S American Street adds another 5 units and a basement, totaling approximately 5,101 square feet. The seller reports nearly 100% occupancy, generating an estimated gross monthly income of approximately $23,900, translating to an estimated annual gross income of approximately $286,800. This figure is subject to change. The property's substantial size offers significant potential for further income generation. A potential bottom-floor development of approximately 5,000 square feet for residential or commercial use is possible, subject to necessary approvals from Stockton's municipal authorities. The property enjoys a prime location, close to shopping, public transportation, restaurants, and coffee shops, with convenient freeway access. This presents an unparalleled chance to build financial security and wealth. The total square footage in use is approximately 10,000 square feet.

Property Details for 32 American St

Property type
Square Feet
15,000 SF
Year Built
1925
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.95331
Longitude
-121.2828
32 American St, Stockton, California

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32 American St
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