
Stockton, CA 95204
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $729,999, which aligns with its $729,999 Fair Market Value. Featuring a Condition Rating of 3, the property offers a stable, income-producing asset with modernized lower units and classic 1920s character. Located in a highly walkable corridor near the University of the Pacific, it provides consistent rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage immediate cash flow while building long-term equity in a prime Stockton location.
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.
RARE opportunity to own a well-maintained, income-producing four-plex in one of Stockton's most desirable and walkable neighborhoods. Just moments from Miracle Mile, Downtown Stockton, and the University of the Pacific (UOP). Multi-family properties with four units are becoming increasingly difficult to find, making this an exceptional opportunity for investors or owner-occupants seeking long-term value and stable cash flow. Blending timeless 1920s character with thoughtful modern updates, this charming property offers both strong investment fundamentals and an appealing lifestyle for tenants. Residents enjoy being within walking distance to an exciting mix of local restaurants featuring Japanese, Laotian, Thai, Chinese, Korean, Greek, Hispanic, and classic American cuisine, along with boutique shopping, coffee houses, breweries, ice cream shops, and vibrant neighborhood amenities. The fully occupied property features four spacious units with functional layouts designed for comfortable everyday living. The two upstairs units are occupied by long-term tenants and offer generous living spaces with separate living and family rooms, spacious kitchens, and classic architectural charm. The two downstairs units have been tastefully updated with modern finishes while preserving the property's original character. Unit 1617 is a beautifully renovated two-bedroom unit featuring a modernized kitchen and bathroom, updated flooring, contemporary lighting, and refreshed finishes throughout. Unit 1623 offers a spacious two-bedroom layout with newer flooring, countertops, appliances, updated lighting and ceiling fans, plus a cozy bedroom fireplace that adds warmth and charm. Both downstairs units enjoy access to a welcoming covered front porch, enhancing curb appeal and outdoor living space. Generating approximately $5,432 in monthly rental income and $65,184 annually, this property offers immediate cash flow with future upside potential. Priced at $729,999 with an attractive GRM of approximately 11.20% and estimate cap rate 6% to 6.5%, this investment presents a compelling opportunity in a highly desirable rental corridor. Whether you're a seasoned investor looking to expand your portfolio, or an owner-occupant interested in living in one unit while generating rental income from the others, this four-plex offers flexibility, stability, location, and long-term growth potential in the heart of Stockton.
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 |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 4,616 | - |
| Lot Size | 5,502 | - |
| Price | $730.0K | $508.8K |
| Price per sq ft | $158 | $251 |
| Built year | 1924 | 0 |
| HOA | $0 | $0 |
| Days on market | 135 | 54 |
Mar 9, 2026
$729,999
Initial Listing
Apr 23, 2021
$550,000
Public Record
Jul 31, 2020
$305,000
Public Record