
Stockton, CA 95205
This Dual-Unit Residential Income Asset is a Strong Value Opportunity, listed at $529,999—positioned well below the $593,291 Fair Market Value by 10%. This valuation gap offers $63,292 in Instant Equity. Featuring a Mint Condition Rating with a Remodeled Kitchen and a Permitted ADU, the property provides immediate rental income or multigenerational flexibility. With separate utility meters and RV access, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income for mortgage qualification.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2418 E Park Street Subject | $519,999* List Price | 4 | 3 | 1,622 | $364 | - |
A 1233 Sycamore Avenue Sold | $428,000 | 5 | 2 | 1,197 | $358 | 0.8 mi |
B 1702 Sunnyside Avenue Pending | $420,000 List Price | 4 | 3 | 1,620 | $259 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1949, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with shaker cabinets and stainless steel appliances, fully updated bathrooms with contemporary subway tile and black fixtures, and new flooring throughout. The inclusion of a permitted ADU and updated systems like a tankless water heater indicate a mint, move-in ready condition requiring no immediate maintenance.
The property features two permitted houses on a single lot with separate PG&E and water meters, offering exceptional rental income potential or multigenerational living flexibility.
The primary 3-bedroom home includes a remodeled kitchen and updated bathrooms, providing immediate move-in readiness and reducing the need for initial renovation capital.
Eligibility for a $10k grant and the ability to use ADU rental income for loan qualification significantly enhances affordability and buyer accessibility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1622, other record living area = 1122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Originally constructed in 1949, the property may have aging infrastructure or systems that require more frequent maintenance compared to newer developments.
The current list price reflects a significant premium over its 2019 sale price of $200,000, which may lead to appraisal challenges or buyer hesitation regarding rapid appreciation.
EXCEPTIONAL OPPORTUNITY: TWO PERMITTED DETACHED HOMES ON ONE LOT! Rare opportunity to own two permitted, move-in-ready detached homes on one spacious 8,000 SF lot, each with its own address, private entrance, and separate utility services. Both homes are currently vacant, offering flexibility for an owner-occupant, multigenerational household, or buyer looking for potential rental income. The main home features approximately 1,122 SF with 3 bedrooms and 2 bathrooms, a remodeled kitchen, updated bathroom, comfortable living spaces, and convenient RV access. Adding tremendous value is the permitted approximately 500 SF detached ADU, featuring 1 bedroom and 1 bathroom, its own address and private entrance, separate living area, private backyard, and appliances included. The ADU also has separate electric, water, and trash services, making it ideal for extended family, guests, or potential rental income. Live in one home and rent the other, use both for family, or take advantage of the flexibility that this unique property offers. With two detached residences, separate utilities, an oversized lot, RV access, and both units vacant and ready for occupancy, this property offers a rare combination of flexibility and investment potential. The property may also qualify for a grant of up to $10,000 for a buyer who occupies one of the units as a primary residence, subject to program eligibility, availability, and lender/program requirements. There may also be potential to add a Junior Accessory Dwelling Unit (JADU), providing an additional opportunity for flexible living space or rental income. Buyer to independently verify feasibility, zoning, permitting requirements, square footage, utility information, grant eligibility, and all other property details with the appropriate authorities and professionals. Two homes. One lot. Separate utilities. Vacant and move-in ready. A truly versatile property with incredible potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,622 | 1,952.667 |
| Lot Size | 8,000 | 7,118.5 |
| Price | $520.0K | $440.5K |
| Price per sq ft | $321 | $237 |
| Built year | 1949 | 1961 |
| HOA | $0 | $112 |
| Days on market | 33 | 73 |
Aug 22, 2026
$519,999
$529,999
-2% Price Drop
Initial Listing
Aug 7, 2026
$529,999
Initial Listing
Jan 29, 2019
$200,000
Public Record
Feb 12, 2016
$165,000
Public Record