1402 N Morrison Ave, Stockton, CA 95205, Stockton, 95205 - 3 bed, 1 bath
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Stockton, CA 95205
This Value-Add Residential Asset is listed at $305,000, representing a market-aligned entry point relative to its $276,176 Fair Market Value. Currently holding a Condition Rating of 5, the property requires a full rehab but provides Immediate Rental Income of $1,650 per month from an existing tenant. Key highlights include Dedicated RV Storage with a private entrance and the rare opportunity to acquire the adjacent lot for a larger investment footprint. This acquisition is ideally suited for Buy-and-Hold Investors or Portfolio Builders seeking cash flow and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1402 N Morrison Ave Subject | $305,000* List Price | 3 | 1 | 1,110 | $228 | - |
A 714 Belvedere Avenue Sold | $325,000 | 3 | 1 | 1,000 | $325 | 0.6 mi |
B 1404 Williams Street Sold | $219,000 | 2 | 1 | 768 | $285 | 0.3 mi |
C 2731 E Anita Street Pending | $359,000 List Price | 3 | 2 | 1,078 | $333 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977 (47 years old) with no significant renovations mentioned beyond flooring. The property is sold 'as is' and utilizes window AC units, suggesting outdated or non-functional central HVAC systems. Given the age and lack of updates to major systems, kitchen, or baths, it likely requires a full rehab.
The property is currently tenant-occupied at $1,650 per month, offering immediate cash flow and making it an attractive turnkey opportunity for investors.
Features a private gate and entrance specifically for RV storage, providing significant utility and value for owners with recreational vehicles or extra equipment.
The adjacent property is also available for sale by the same owner, offering a unique chance for a buyer to acquire two contiguous lots for a larger investment footprint.
Having only one bathroom for a three-bedroom home may limit its appeal to larger families and could impact future resale value compared to standard 3/2 configurations.
The property is being sold in as-is condition, suggesting that the buyer should budget for potential repairs or modernization to bring the home up to peak market standards.
RV storage on side of home. Has its own gate and entrance. This 3/1, 1110 SF home is ready for its new owner. There is a tenant that pays $1650/month rent. VPF in kitchen, dining room and hall way. Good opportunity for investor or home owner. 1412 N Morrison Ave (3bed/2bath) is next door to this home and also for sale by the same owner. You could buy both!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,110 | 1,099 | 51% |
| Lot Size | 6,303 | 5,998 | 60% |
| Price | $305.0K | $311.0K | 45% |
| Price per sq ft | $275 | $287 | 40% |
| Built year | 1977 | 1947 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 204 | 2% |
Apr 17, 2026
$305,000
Initial Listing
May 26, 2023
$450,000
Public Record