For Sale
$1,900,000

1108 Sylvia DrLodi, CA 95240

2.2-acre multifamily property, $1.9M

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2.2-acre apartment building located at 1108 Sylvia Dr, Lodi, CA 95240, listed at $1,900,000. The property, zoned RCP, offers significant potential. Situated in San Joaquin County, this multifamily building is ideally positioned within a growing market. Lodi's population exceeds 45,000, with a median household income of $68,000 projected to reach $88,800 by 2028. This strong demographic profile, coupled with a diverse employment landscape encompassing management, business, science, education, healthcare, and more, creates a favorable rental market. The property's 2.2-acre lot size presents considerable development potential. The parcels, #223103415, #223103483, and #223103483, must be sold together. The projected 22:1 housing occupancy ratio by 2028 further underscores the investment potential. This property represents a compelling opportunity for investors seeking strong returns in a thriving California market. The APN is 03308011 and the zip code is 95240. This is a multifamily apartment building in a prime location.

Highlights

  • Exceptional 2.2-acre investment opportunity in Lodi, CA.
  • Multifamily apartment building listed at $1,900,000.
  • Located at 1108 Sylvia Dr, Lodi, CA 95240 (APN 03308011, Zip 95240).
  • Zoned RCP, offering significant development potential.
  • Strong rental market with projected income growth and high occupancy.

Property Details for 1108 Sylvia Dr

Property type
Apartment buildings
Lot Size (sq. ft)
95,832 SF

Location Insight

City
Lodi
County
San Joaquin
State
California
Latitude
38.12470743
Longitude
-121.28683662
1108 Sylvia Dr, Lodi, California

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1108 Sylvia Dr
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