1316 N Filbert St, Stockton, CA 95205, Stockton, 95205 - bed, bath
ACTIVE$270,000/sqft
1316 N Filbert St, Stockton, CA 95205
0Bed
0Bath
Sqft
6,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Cash Flow & Yield: The property offers a strong gross rent yield of approximately 12% and a low Gross Rent Multiplier (GRM) of ~8.33, indicating robust immediate income generation for investors.
Top Cons:
Property Age: Built in 1949, the property's age suggests potential for deferred maintenance or upcoming capital expenditures on major systems like roofing, plumbing, or electrical, which are not explicitly stated as updated.
Compared to the nearby listings
Price:$270.0K vs avg $290.0K ($-20,000)50%
Size: sqft vs avg 350 sqft50%
Price/sqft:$0 vs avg $6650%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, the property's exterior shows significant wear, neglect, and a dated appearance, with an unpaved and muddy front area. While the listing mentions dual-pane windows, a new gas range, and a remodeled bathroom, these isolated updates do not address the overall age and likely deferred maintenance on major systems (roofing, plumbing, electrical) as highlighted in the property analysis. The property requires substantial repairs and rehabilitation beyond cosmetic fixes to bring it to a modern, well-maintained standard.
Year Built
1949
Close
-
List price
$270K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
41119508
Home ConditionPoor
Features
View-
About this home
Cash-flow duplex in Stockton — priced to move! Welcome to 1316 N Filbert St, a solid income-producing duplex offering $2,700/month in total rents and listed at just $270,000. That’s $32,400/year gross income—an ~8.33 GRM and ~12% gross rent yield (before expenses). This property features two 1-bedroom units, each with its own small private yard, plus dual-pane windows, a new gas range, and a remodeled bathroom. There’s also plenty of open space for parking, making it attractive for tenants. A great fit for investors looking for steady in-place income with future upside through continued improvements and rent optimization. Do not disturb tenants. Showings by appointment only.
J
Jagjit Singh
Listing Agent
Price History
Date
Event
Price
08/16/19
Sold
$184,000
04/16/18
Sold
$147,500
08/31/12
Sold
$56,500
09/01/10
Sold
$35,500
Condition Rating
Poor
Built in 1949, the property's exterior shows significant wear, neglect, and a dated appearance, with an unpaved and muddy front area. While the listing mentions dual-pane windows, a new gas range, and a remodeled bathroom, these isolated updates do not address the overall age and likely deferred maintenance on major systems (roofing, plumbing, electrical) as highlighted in the property analysis. The property requires substantial repairs and rehabilitation beyond cosmetic fixes to bring it to a modern, well-maintained standard.
Pros & Cons
Pros
Exceptional Cash Flow & Yield: The property offers a strong gross rent yield of approximately 12% and a low Gross Rent Multiplier (GRM) of ~8.33, indicating robust immediate income generation for investors.
Income-Producing Duplex: Comprising two 1-bedroom units, this duplex provides diversified rental income streams, potentially reducing vacancy risk compared to single-unit properties.
Tenant-Appealing Amenities: Each unit benefits from its own small private yard, dual-pane windows, and ample open parking space, enhancing tenant satisfaction and retention.
Recent Interior Updates: The property features a new gas range and a remodeled bathroom, reducing immediate capital expenditure needs for a new owner and improving tenant appeal.
Investment Upside Potential: The listing highlights future upside through continued improvements and rent optimization, positioning it as a strategic investment for growth.
Cons
Property Age: Built in 1949, the property's age suggests potential for deferred maintenance or upcoming capital expenditures on major systems like roofing, plumbing, or electrical, which are not explicitly stated as updated.
Limited Unit Size: Both units are 1-bedroom, which may appeal to a narrower tenant demographic and could potentially lead to higher tenant turnover rates compared to properties with larger units.
Tenant Occupancy Restrictions: The 'Do not disturb tenants' and 'Showings by appointment only' restrictions can complicate the showing process and potentially deter some buyers who prefer easier access or vacant properties for inspection.