1804 E FLORA, Stockton, CA 95205, Stockton, 95205 - bed, bath
ACTIVE$544,999/sqft
1804 E FLORA, Stockton, CA 95205
0Bed
0Bath
Sqft
3,799Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is classified as a Residential Income Triplex, featuring a 4-bedroom, 2-bathroom front home and two additional 1-bedroom, 1-bathroom studio units, offering significant rental income potential.
Top Cons:
Property Age and Potential Maintenance: Built in 1949, the property is 75 years old, suggesting a higher likelihood of needing updates to systems (plumbing, electrical), structural repairs, or general deferred maintenance to meet modern standards.
Compared to the nearby listings
Price:$545.0K vs avg $322.5K (+$222,499)83%
Size: sqft vs avg 350 sqft50%
Price/sqft:$0 vs avg $6650%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, this 75-year-old property shows significant signs of age and deferred maintenance on the exterior, including cracked concrete and an old window AC unit. The MLS analysis explicitly highlights the need for updates to systems (plumbing, electrical), structural repairs, and general maintenance. Without any interior photos or renovation history, it's highly probable the interior requires substantial rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.
Year Built
1949
Close
-
List price
$545K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225083583
Home ConditionPoor
Features
View-
About this home
Great Property for Investor or First time buyer. Front home is a 4 bedroom 2 bath .and 2 studios 1 bedroom 1 bathroom. Near freeway, Restaurants and shopping stores.
M
Maribel Chavez
Listing Agent
Price History
Date
Event
Price
04/27/18
Sold
$275,000
02/15/07
Sold
$375,000
Condition Rating
Poor
Built in 1949, this 75-year-old property shows significant signs of age and deferred maintenance on the exterior, including cracked concrete and an old window AC unit. The MLS analysis explicitly highlights the need for updates to systems (plumbing, electrical), structural repairs, and general maintenance. Without any interior photos or renovation history, it's highly probable the interior requires substantial rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is classified as a Residential Income Triplex, featuring a 4-bedroom, 2-bathroom front home and two additional 1-bedroom, 1-bathroom studio units, offering significant rental income potential.
Versatile Investment Opportunity: Marketed as ideal for both investors seeking steady rental income and first-time buyers looking to offset mortgage costs by renting out the additional units.
Strategic Location: Conveniently located near the freeway, various restaurants, and shopping stores, enhancing its appeal to potential tenants and owner-occupants due to accessibility and amenities.
Multiple Unit Configuration: The presence of three distinct units provides flexibility in rental strategies and diversifies income streams, reducing vacancy risk compared to single-unit properties.
No Association Fees: The absence of association fees (HOA) reduces ongoing ownership costs, which is a significant financial benefit for both investors and owner-occupants.
Cons
Property Age and Potential Maintenance: Built in 1949, the property is 75 years old, suggesting a higher likelihood of needing updates to systems (plumbing, electrical), structural repairs, or general deferred maintenance to meet modern standards.
Compact Lot Size: With a lot size of 3799 sq ft for a triplex, outdoor space, parking, and potential for future expansion may be limited, which could be a drawback for some tenants or buyers.
Significant Price Appreciation: The current list price of $544,999 represents a substantial increase from the last sale price of $275,000 in 2018, necessitating a thorough comparative market analysis to justify its current valuation and ensure competitive pricing.