1200 E Miner Avenue, Stockton, CA 95205, Stockton, 95205 - 5 bed, 5 bath
ACTIVE$419,999$614/sqft
1200 E Miner Avenue, Stockton, CA 95205
5Beds
5Baths
614Sqft
1,860Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: Explicitly highlighted as an 'excellent investment opportunity' and a 'perfect addition to any portfolio' due to its income-generating nature.
Top Cons:
Historic Property Age: Built in 1906, the property's age suggests potential for higher ongoing maintenance costs, outdated infrastructure, and systems that may require significant upgrades.
Compared to the nearby listings
Price:$420.0K vs avg $322.5K (+$97,499)83%
Size:614 sqft vs avg 657 sqft50%
Price/sqft:$684 vs avg $13683%
More Insights
Built in 1906 (120 years old).
Condition: Built in 1906, this quadruplex shows significant age and a clear lack of recent major renovations. The exterior features dated siding, multiple window AC units (indicating no central cooling), and an aged wooden staircase. While currently occupied and income-generating, the property's age and visible condition strongly suggest that major systems (electrical, plumbing, HVAC) and interior components like kitchens and bathrooms are severely outdated and likely require substantial repairs, rehabilitation, and extensive system replacements to meet current standards and improve efficiency. The AI analysis also points to 'potential for higher ongoing maintenance costs, outdated infrastructure, and systems that may require significant upgrades,' aligning with a 'poor' condition.
Year Built
1906
Close
-
List price
$420K
Original List price
-
Price/Sqft
$684
HOA
$0
Days on market
-
Sold On
-
MLS number
225104638
Home ConditionPoor
Features
View-
About this home
Excellent investment opportunity in Stockton! This 2,458 sq. ft. fourplex is ideally located near freeway access, shopping, and transit. Fully occupied, the property features three 1 bed / 1 bath units and one 2 bed / 1 bath unit, generating $3,750 in monthly rental income. With a strong rental history, low vacancy, and potential for future rent growth, this is a perfect addition to any portfolio.
J
Jaskaran Kandola
Listing Agent
Price History
Date
Event
Price
12/11/24
Sold
$300,000
11/21/23
Sold
$358,000
Condition Rating
Poor
Built in 1906, this quadruplex shows significant age and a clear lack of recent major renovations. The exterior features dated siding, multiple window AC units (indicating no central cooling), and an aged wooden staircase. While currently occupied and income-generating, the property's age and visible condition strongly suggest that major systems (electrical, plumbing, HVAC) and interior components like kitchens and bathrooms are severely outdated and likely require substantial repairs, rehabilitation, and extensive system replacements to meet current standards and improve efficiency. The AI analysis also points to 'potential for higher ongoing maintenance costs, outdated infrastructure, and systems that may require significant upgrades,' aligning with a 'poor' condition.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly highlighted as an 'excellent investment opportunity' and a 'perfect addition to any portfolio' due to its income-generating nature.
Consistent Rental Income & Occupancy: Currently generating $3,750 in monthly rental income with all units fully occupied, demonstrating a strong rental history and low vacancy.
Strategic Location: Ideally situated near freeway access, shopping, and public transit, which enhances tenant appeal and potential for sustained occupancy.
Potential for Rent Growth: The property's strong rental history and market conditions suggest a clear potential for future rent growth, increasing long-term returns.
Quadruplex Configuration: As a fourplex, it offers diversified income streams across multiple units, reducing risk compared to single-unit investments.
Cons
Historic Property Age: Built in 1906, the property's age suggests potential for higher ongoing maintenance costs, outdated infrastructure, and systems that may require significant upgrades.
Limited Lot Size: The 1,860 sq ft lot is relatively small for a fourplex, restricting outdoor amenities, parking, or future expansion possibilities.
Potential for Capital Expenditures: Given its age and without explicit mention of recent major renovations, a new owner should anticipate potential costs for system upgrades or unit modernizations to maximize rental potential and tenant satisfaction.