
Stockton, CA 95204
Analysis of 1617 N El Dorado Street, Stockton, CA 95204 is currently available with a list price of $729,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Stockton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Despite being built in 1924, the property is well-maintained and features significant recent updates. The lower units have been tastefully renovated with modern shaker-style kitchen cabinetry, stone countertops, and updated bathrooms. The interior boasts new luxury vinyl plank flooring, fresh paint, and updated lighting fixtures. While the exterior and upstairs units show more age-related character, the overall move-in ready condition and modernization of key living areas justify a good rating.
Situated in a highly walkable neighborhood near Miracle Mile and the University of the Pacific, the property is positioned in a high-demand rental corridor with easy access to dining and shopping.
With a current monthly income of $5,489 and a competitive Gross Rent Multiplier (GRM) of 11.08, this fully occupied four-plex offers immediate cash flow and stability for investors.
The two downstairs units have been tastefully renovated with updated kitchens, bathrooms, and flooring, blending 1920s character with modern finishes to attract premium tenants.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The assigned public schools carry low ratings (ranging from 2 to 4), which may deter family-oriented tenants and impact long-term residential appreciation.
As a 1924 build, the property may require higher ongoing maintenance for older systems, and the upstairs units likely lack the modern updates found in the lower units.
Introducing a well-maintained, income-producing four-plex located in one of Stockton's most desirable and walkable neighborhoods it just moments from Miracle Mile, Downtown Stockton, and the University of the Pacific (UOP). This charming property blends timeless 1920s character with thoughtful modern updates, offering both lifestyle appeal and strong investment fundamentals. Residents enjoy the convenience of being within walking distance to a vibrant mix of restaurants including Japanese,Laotian,Thai, Chinese, Korean, Greek, Hispanic, and classic American cuisine along with boutique shops, coffee houses, ice cream spots, and local breweries. The fully occupied property features four spacious units, each with functional layouts designed for comfortable living. The two upstairs units are occupied by long-term tenants and offer generous living spaces, including separate living and family rooms and well-sized kitchens. The two downstairs units have been tastefully updated. Unit 1617 is a beautifully renovated two-bedroom featuring a modern kitchen and bathroom, new flooring, updated lighting, and refreshed finishes throughout. Unit 1623 offers a spacious two-bedroom layout with newer flooring, countertops, appliances, updated lighting and fans, and a cozy bedroom with a fireplace. Both lower units enjoy access to a welcoming covered front porch. With a current monthly income of $5,489 and annual gross income of $65,868, this property provides immediate cash flow. Priced at $729,999, it reflects a competitive GRM of 11.08. Whether you're a seasoned investor or looking to expand your portfolio, this four-plex offers a rare combination of location, stability, strong rental and long-term upside in a highly desirable rental corridor.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades K-8 • 0.7 mi
Grades K-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.5 | 50% |
| Baths | 4.0 | 2.5 | 67% |
| Square foot | 4,616 | 1,906 | 83% |
| Lot Size | 5,502 | 5,798 | 50% |
| Price | $730.0K | $527.5K | 67% |
| Price per sq ft | $158 | $227 | 33% |
| Built year | 1924 | 1951 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 153 | 17% |
Mar 9, 2026
$729,999
Initial Listing
Apr 23, 2021
$550,000
Public Record
Jul 31, 2020
$305,000
Public Record