1322 N Filbert St, Stockton, CA 95205, Stockton, 95205 - bed, bath
ACTIVE$280,000/sqft
1322 N Filbert St, Stockton, CA 95205
0Bed
0Bath
Sqft
6,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Gross Rental Yield: An impressive ~12% gross rent yield (before expenses) offers immediate and substantial return on investment, making it highly attractive for income-focused buyers.
Top Cons:
Tenant Occupied & Restricted Access: Showings are strictly by appointment only, and tenants are not to be disturbed, which can complicate the inspection process and thorough due diligence for prospective buyers.
Compared to the nearby listings
Price:$280.0K vs avg $295.0K ($-15,000)50%
Size: sqft vs avg 350 sqft50%
Price/sqft:$0 vs avg $6650%
More Insights
Built in 1951 (75 years old).
Condition: Built in 1951, this property is over 70 years old with no indication of recent major renovations. The exterior, as seen in the image, shows significant signs of age and deferred maintenance, including faded and peeling paint, older siding, and an unkempt yard. The description itself notes 'room for long-term upside through continued improvements and rental optimization,' strongly suggesting that substantial repairs and updates are needed throughout. While interior images are not provided, the age and exterior condition imply that the kitchen, bathrooms, and major systems are likely very outdated and require extensive rehabilitation to meet current standards and maximize rental potential.
Year Built
1951
Close
-
List price
$280K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
41119510
Home ConditionPoor
Features
Patio
View-
About this home
Cash-flow duplex opportunity in Stockton — priced to sell! Welcome to 1322 N Filbert St, a well-positioned duplex with strong in-place income of $2,800/month ($33,600/year) and an attractive list price of just $280,000. That’s an ~8.33 GRM and ~12% gross rent yield (before expenses)—a compelling option for investors and 1031 exchange buyers looking for immediate rental income. This is a great add-to-portfolio property with room for long-term upside through continued improvements and rental optimization. Do not disturb tenants. Showings by appointment only. Buyer to verify unit count, square footage, rents, and all property details.
J
Jagjit Singh
Listing Agent
Price History
Date
Event
Price
12/23/19
Sold
$210,000
09/21/10
Sold
$27,000
02/20/04
Sold
$80,000
Condition Rating
Poor
Built in 1951, this property is over 70 years old with no indication of recent major renovations. The exterior, as seen in the image, shows significant signs of age and deferred maintenance, including faded and peeling paint, older siding, and an unkempt yard. The description itself notes 'room for long-term upside through continued improvements and rental optimization,' strongly suggesting that substantial repairs and updates are needed throughout. While interior images are not provided, the age and exterior condition imply that the kitchen, bathrooms, and major systems are likely very outdated and require extensive rehabilitation to meet current standards and maximize rental potential.
Pros & Cons
Pros
High Gross Rental Yield: An impressive ~12% gross rent yield (before expenses) offers immediate and substantial return on investment, making it highly attractive for income-focused buyers.
Strong In-Place Cash Flow: The property generates a robust $2,800/month ($33,600/year) in income, providing consistent and reliable cash flow from day one.
Attractive Price Point: Listed at $280,000 and described as 'priced to sell,' it presents a compelling and accessible entry point for investors seeking a duplex.
Duplex Investment Type: As a duplex, it offers the advantage of two distinct income streams, enhancing rental stability and portfolio diversification for the owner.
Long-Term Upside Potential: The listing highlights 'room for long-term upside through continued improvements and rental optimization,' suggesting future value appreciation and increased income potential.
Cons
Tenant Occupied & Restricted Access: Showings are strictly by appointment only, and tenants are not to be disturbed, which can complicate the inspection process and thorough due diligence for prospective buyers.
Extensive Buyer Verification Burden: The listing explicitly states 'Buyer to verify unit count, square footage, rents, and all property details,' placing significant responsibility on the buyer to confirm all property specifics.
Older Property Condition: Built in 1951, the property's age implies a likelihood of needing continued improvements and optimization, potentially indicating deferred maintenance or necessary upgrades to maximize its value.