11350 Ca-99Lodi, CA 95240

Property Details for 11350 Ca-99

Year built

1935

Property size (Sq ft)

5,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a seven-unit apartment building situated on approximately 1.12 acres in Lodi, California. The property, built in 1935 and extensively renovated in 2017, boasts a desirable mix of unit sizes: three one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and one two-bedroom/two-bathroom unit. All units feature modern amenities including private backyards, washer/dryer hookups, private parking, ceiling fans, dual-pane windows, granite countertops, wall-to-wall tile, security doors, dishwashers, and garbage disposals. A significant upgrade includes a new roof and siding, along with updated cabinetry and bath/kitchen fixtures. Adding to the property's value is a substantial approximately 2,000 square foot commercial/warehouse building. The property's zoning is AG-40, and the total square footage is 5,000. The asking price is $1,150,000, representing a price per unit of $164,285.71 and a price per square foot of $230. The property offers a compelling 6.20% cap rate. The ample land provides potential for future expansion and increased cash flow. This is a turnkey investment in a thriving market with strong rent growth and population increase. The property is located at 11350 CA-99, Lodi, CA 95240, with APN 059-260-71.

Location Insight

City

Lodi

County

San Joaquin

State

California

Latitude

38.0682

Longitude

-121.259

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