315 Elm StLodi, CA 95240

Property Details for 315 Elm St

Year built

1947

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

1,540 SF

Zone code

14

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

043-088-160-000

APU

43088160000

Description

This exceptional investment opportunity presents a meticulously renovated six-unit residential income property situated at 315 Elm Street, Lodi, California. The property encompasses 1,540 square feet on a 0.12-acre lot. Each of the six units boasts a one-bedroom, one-bathroom layout, ranging from 250 to 300 square feet. Recent renovations include brand new kitchens and bathrooms equipped with modern appliances and fixtures, engineered wood flooring throughout, and updated electrical and HVAC systems (split heater and AC units). Exterior improvements are equally impressive, featuring fresh paint, a newly repaired roof, and new dual-pane windows. Security is enhanced by an automatic iron gate, a new security wood fence, and six 24/7 surveillance cameras. A newly constructed and fully equipped on-site laundry room provides additional income potential. The property's curb appeal is significantly enhanced by attractive Arizona-style landscaping, two-tone stamped concrete, and decorative exterior rocks. Individual electrical meters for each unit ensure efficient utility management. All renovations were completed in accordance with architect plans, permits, and city inspections, guaranteeing a compliant and hassle-free investment. This property offers a strong return on investment in the desirable Lodi, California location, known for its proximity to California's wine country. The property is priced at $998,000.

• CAP approach

  CAP return

  Valuation

  6%

  $321,249

  6.5%

  $296,538

  7%

  $275,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $340,816

  Geo Method

  $340,816

• Alternative Use

  Use

  Valuation

  Residential

  $296,538

  Hospitality

  $271,627

  Educational

  $225,990

  Medical

  $233,763

  Retail

  $351,541

Location Insight

City

Lodi

County

San Joaquin

State

California

Latitude

38.1356

Longitude

-121.267

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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