1702 Sunnyside Avenue, Stockton, CA 95205, Stockton, 95205 - 4 bed, 3 bath
ACTIVE$480,000$1,620/sqft
1702 Sunnyside Avenue, Stockton, CA 95205
4Beds
3Baths
1,620Sqft
5,624Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as an 'ENTRY LEVEL first time investment opportunity' with 'positive cash flow,' making it highly attractive to new and seasoned investors.
Top Cons:
Age of Property: Built in 1948, the property is 76 years old, which may necessitate future capital expenditures for system upgrades, major repairs, or deferred maintenance.
Compared to the nearby listings
Price:$480.0K vs avg $322.5K (+$157,500)83%
Size:1,620 sqft vs avg 1,160 sqft50%
Price/sqft:$296 vs avg $13667%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948, this property shows its age with pervasive wood paneling throughout the living areas, kitchen, and bathrooms, indicating a dated style. While the kitchen features updated cabinets and granite-look countertops, the appliances are older, and the overall aesthetic is not modern. Bathrooms have basic fixtures, though one shower appears to have more recent tile work. Heating is via wall heaters, and cooling is an evaporative cooler (swamp cooler), both older systems. The property is functional and appears maintained, but requires substantial cosmetic and system updates to meet current standards and appeal.
Year Built
1948
Close
-
List price
$480K
Original List price
-
Price/Sqft
$296
HOA
$0
Days on market
-
Sold On
-
MLS number
224066680
Home ConditionFair
Features
View-
About this home
ENTRY LEVEL first time investment opportunity with a positive cash flow. Fully occupied, low maintenance triplex, two units have 1br/1ba and one unit has 2br/1ba. OWNER FINANCING AVAILABLE TO QUALIFIED BUYER!!
L
Lucille Olivas
Listing Agent
Condition Rating
Fair
Built in 1948, this property shows its age with pervasive wood paneling throughout the living areas, kitchen, and bathrooms, indicating a dated style. While the kitchen features updated cabinets and granite-look countertops, the appliances are older, and the overall aesthetic is not modern. Bathrooms have basic fixtures, though one shower appears to have more recent tile work. Heating is via wall heaters, and cooling is an evaporative cooler (swamp cooler), both older systems. The property is functional and appears maintained, but requires substantial cosmetic and system updates to meet current standards and appeal.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as an 'ENTRY LEVEL first time investment opportunity' with 'positive cash flow,' making it highly attractive to new and seasoned investors.
Immediate Rental Income: The property is 'Fully occupied,' ensuring immediate cash flow and eliminating vacancy risk for a new owner from day one.
Flexible Financing Option: 'OWNER FINANCING AVAILABLE TO QUALIFIED BUYER' significantly broadens the buyer pool and offers a potentially easier path to acquisition.
Diversified Income Stream: As a 'Triplex' with varied unit configurations (two 1br/1ba, one 2br/1ba), it offers multiple income sources, reducing reliance on a single tenant.
Low Maintenance: Described as 'low maintenance,' which can translate to reduced ongoing operational costs and management effort for the investor.
Cons
Age of Property: Built in 1948, the property is 76 years old, which may necessitate future capital expenditures for system upgrades, major repairs, or deferred maintenance.
Lack of Detailed Financials: While 'positive cash flow' is mentioned, specific income and expense statements, including current rental rates for each unit, are not provided, requiring thorough due diligence from potential buyers.
Limited Unit Condition Details: The description lacks information regarding the current condition, recent updates, or specific amenities of the individual units, which are crucial for a comprehensive investment property assessment.