3140 Belvedere AveStockton, CA 95205

Property Details for 3140 Belvedere Ave

Lot size

0.51 AC

Property size (Sq ft)

2,600 SF

Zone code

N

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

119-043-330-000

APU

119043330000

Description

This exceptional investment opportunity presents a multifamily property located at 3140 & 3150 Belvedere Avenue, Stockton, CA 95205. The property consists of two buildings on a single parcel, totaling 8 units and 8,318 square feet. One building is a 3-bedroom, 1-bathroom single-family home (approximately 1,100 sq ft) with private parking and a fenced yard. The second building comprises seven 1-bedroom, 1-bathroom apartments (approximately 500 sq ft each). Four of these apartments have recently undergone renovations, including new flooring, paint, ceiling fans, and baseboards. All units feature individual gas and electric meters. Adding to the property's income potential is a double-faced, 6x12 foot billboard leased to a local company until 2027. The property is situated in a prime location at the corner of Belvedere Avenue and Wilson Way, within Stockton's Opportunity Zone, benefiting from a strong rental market and a 6.82% cap rate. The asking price is $910,000, representing $113,750 per unit and $109.40 per square foot. The property's APN is 119-043-33, and it's zoned for low-density residential use. Built in 1972, this property offers a blend of established income and potential for future appreciation. This is a rare opportunity to acquire a well-positioned multifamily property with additional income streams in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $542,369

  6.5%

  $500,648

  7%

  $464,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $575,403

  Geo Method

  $575,403

• Alternative Use

  Use

  Valuation

  Residential

  $500,648

  Hospitality

  $458,591

  Educational

  $381,542

  Medical

  $394,664

  Retail

  $593,510

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9865

Longitude

-121.269

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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