1306 N Filbert St, Stockton, CA 95205, Stockton, 95205 - bed, bath
ACTIVE$549,000/sqft
1306 N Filbert St, Stockton, CA 95205
0Bed
0Bath
Sqft
6,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multifamily Income Property: This quadruplex offers multiple income streams, making it an attractive asset for portfolio diversification and consistent revenue.
Top Cons:
Age and Implied Condition: Built in 1949 and marketed as an 'investor special,' suggesting potential for deferred maintenance, outdated systems, and necessary upgrades.
Compared to the nearby listings
Price:$549.0K vs avg $322.5K (+$226,500)83%
Size: sqft vs avg 350 sqft50%
Price/sqft:$0 vs avg $6650%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, this property is explicitly marketed as an 'investor special' with 'potential upside through future improvements,' indicating substantial deferred maintenance and the need for extensive rehabilitation. The exterior images show significant wear, peeling paint, and an aged roof. The absence of interior photos, coupled with the 'do not disturb tenants' directive, strongly suggests that the kitchens, bathrooms, and other interior components are severely outdated and require major renovation to meet current standards and ensure safety/comfort. The property analysis confirms 'outdated systems' and 'required future capital investment,' aligning with the criteria for a 'poor' condition.
Year Built
1949
Close
-
List price
$549K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
41119499
Home ConditionPoor
Features
View-
About this home
Investor special in Stockton! Welcome to 1306 N Filbert St — a 4-plex multifamily opportunity priced at $549,000 with strong in-place rents totaling ~$5,400/month ($64,800/year). That’s an ~8.5 GRM and ~11.8% gross rent yield (before expenses) — a compelling setup for cash-flow focused buyers and 1031 exchange investors. The property features an approx. 1,600 sq. ft building on an approx. 6,098 sq ft lot, and Public records identify the use as a quadruplex. Whether you’re looking to add a high-performing small multifamily to your portfolio or want income now with potential upside through future improvements, this is one you don’t want to miss. Do not disturb tenants.
J
Jagjit Singh
Listing Agent
Price History
Date
Event
Price
10/28/19
Sold
$325,000
09/12/11
Sold
$40,000
01/14/11
Sold
$80,000
07/27/04
Sold
$350,000
Condition Rating
Poor
Built in 1949, this property is explicitly marketed as an 'investor special' with 'potential upside through future improvements,' indicating substantial deferred maintenance and the need for extensive rehabilitation. The exterior images show significant wear, peeling paint, and an aged roof. The absence of interior photos, coupled with the 'do not disturb tenants' directive, strongly suggests that the kitchens, bathrooms, and other interior components are severely outdated and require major renovation to meet current standards and ensure safety/comfort. The property analysis confirms 'outdated systems' and 'required future capital investment,' aligning with the criteria for a 'poor' condition.
Pros & Cons
Pros
Multifamily Income Property: This quadruplex offers multiple income streams, making it an attractive asset for portfolio diversification and consistent revenue.
Strong In-Place Rents: With current rents totaling approximately $5,400/month ($64,800/year), the property provides immediate and substantial income.
Attractive Gross Rent Yield: An impressive ~11.8% gross rent yield indicates strong income generation relative to the list price, appealing to income-focused investors.
Positive Cash Flow Potential: The property is explicitly positioned as a compelling setup for cash-flow focused buyers, highlighting its financial viability.
1031 Exchange Suitability: Explicitly suitable for 1031 exchange investors, which broadens the potential buyer pool and market appeal.
Cons
Age and Implied Condition: Built in 1949 and marketed as an 'investor special,' suggesting potential for deferred maintenance, outdated systems, and necessary upgrades.
Restricted Access for Due Diligence: The 'do not disturb tenants' directive limits comprehensive inspections and showings, potentially obscuring the true condition of the units.
Required Future Capital Investment: The description notes 'potential upside through future improvements,' indicating that additional capital investment will likely be required to maximize value and rental income.