1450 Belvedere, Stockton, CA 95205, Stockton, 95205 - bed, bath
ACTIVE$320,000/sqft
1450 Belvedere, Stockton, CA 95205
0Bed
0Bath
Sqft
5,001Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: As a quadruplex, the property offers diversified rental income streams and strong investment potential in the residential income market.
Top Cons:
Extensive Renovation Required: A significant portion of the property (two units) is 'in need of renovation,' demanding substantial capital investment, time, and project management from the buyer.
Compared to the nearby listings
Price:$320.0K vs avg $315.0K (+$5,000)50%
Size: sqft vs avg 350 sqft50%
Price/sqft:$0 vs avg $6650%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948, this quadruplex presents a mixed condition. While two units are 'almost finished' with recent updates like new laminate flooring, fresh paint, modern kitchen cabinets, new appliances (stove), updated bathroom vanities, and new windows/AC units, they are not fully complete (e.g., exposed electrical, missing fixtures). The other two units are completely gutted, showing exposed studs and requiring substantial rehabilitation, rendering them unlivable. The property as a whole requires significant capital investment and work to bring all units to a habitable and rentable standard, aligning with the 'poor' condition criteria.
Year Built
1948
Close
-
List price
$320K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225142739
Home ConditionPoor
Features
View-
About this home
This property is ready for someone to start the work and complete it- 4plex can be a prudent investment with potential cash flow- 2 units are almost finished and 2 are in need of renovation- 3 units are 1 bed. The 4th unit is a 2 bed. Make offer!
A
Angela Garibay-Romero
Listing Agent
Price History
Date
Event
Price
06/05/23
Sold
$270,000
08/01/19
Sold
$180,000
Condition Rating
Poor
Built in 1948, this quadruplex presents a mixed condition. While two units are 'almost finished' with recent updates like new laminate flooring, fresh paint, modern kitchen cabinets, new appliances (stove), updated bathroom vanities, and new windows/AC units, they are not fully complete (e.g., exposed electrical, missing fixtures). The other two units are completely gutted, showing exposed studs and requiring substantial rehabilitation, rendering them unlivable. The property as a whole requires significant capital investment and work to bring all units to a habitable and rentable standard, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Income Potential: As a quadruplex, the property offers diversified rental income streams and strong investment potential in the residential income market.
Significant Value-Add Opportunity: The description clearly indicates a property ripe for renovation, allowing an investor to substantially increase its market value and rental income post-completion.
Immediate Income Path for Half the Units: With two units 'almost finished,' an investor can potentially generate rental income relatively quickly from half the property, offsetting renovation costs for the other units.
Absence of HOA Fees: The lack of association fees reduces ongoing operational expenses, enhancing the property's profitability for an investor.
Diverse Unit Mix: Featuring three 1-bedroom units and one 2-bedroom unit, the property caters to a broader tenant base, potentially reducing vacancy risks.
Cons
Extensive Renovation Required: A significant portion of the property (two units) is 'in need of renovation,' demanding substantial capital investment, time, and project management from the buyer.
Older Property Infrastructure: Built in 1948, the property likely has aging systems (plumbing, electrical, HVAC, roof) that may require costly upgrades or repairs to meet modern standards and tenant expectations.
Immediate Capital Outlay for Completion: The property's unfinished state means the buyer must incur immediate costs for renovation before all units can be fully leased, impacting initial cash flow.