
Stockton, CA 95203
This property presents a Strong Value Opportunity with a List Price of $525,000—positioned well below the $584,642 Fair Market Value by 10%. This valuation gap offers $59,642 in Instant Equity. Featuring a Good Condition Rating and a rare 6-bedroom layout, the home is currently leased to a sober living operator, providing stable cash flow. With a massive 10,367 sqft lot, the property offers significant ADU Development Potential. This is an ideal acquisition for Buy-and-Hold Investors or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2638 Monte Diablo Avenue Subject | $515,000* List Price | 6 | 2 | 2,480 | $234 | - |
A 1747 Argonne Drive Sold | $560,000 | 4 | 2 | 2,090 | $268 | 0.9 mi |
B 1629 W Poplar Street Active | $399,998 List Price | 4 | 2 | 1,755 | $228 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, the property is 19 years old, which falls within the 10-20 year range for 'Good' condition. The home is functional and move-in ready; while it serves as a high-occupancy sober living facility, the age suggests that major systems (HVAC/Electric) and structural elements are within their expected lifespans.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10367, living area = 2480.
The property features a long-term lease with a sober living operator through September 2026, providing immediate and consistent cash flow of $2,951.50 per month.
The expansive 10,367 square foot lot offers significant upside, including the potential to add an Accessory Dwelling Unit (ADU) for additional revenue or value appreciation.
The existing lease agreement through late 2026 prevents immediate owner-occupancy, limiting the buyer pool to investors or those with long-term relocation timelines.
With six bedrooms but only two bathrooms, the home's layout may present functional challenges for high-occupancy living or future resale to traditional families.
Excellent Investment Opportunity with Long-Term Tenant in Place! Don't miss this rare opportunity to acquire an income-producing property with a stable tenant already in place. Located at 2638 Monte Diablo Avenue in Stockton, this spacious 6-bedroom, 2-bath home offers approximately 2,480 square feet of living space and is currently leased to a sober living operator through September 30, 2026, generating $2,951.50 per month in rental income. Situated on a generous 10,367 square foot lot, the property offers significant upside potential. The expansive lot provides ample space for a potential Accessory Dwelling Unit (ADU), creating an opportunity for additional rental income and increased property value (buyer to verify development requirements with the City of Stockton). The home's functional layout, large bedroom count, and established use as a sober living residence make it attractive to investors seeking strong cash flow and long-term rental demand. It could also be an ideal property for a large or multi-generational family, offering abundant living space, room for gatherings, and ample outdoor area. The oversized lot provides potential RV parking, boat parking, and additional vehicle storage, a rare feature in today's market. For boating enthusiasts, the property is conveniently located less than one mile from a public boat launch, providing easy access to the Delta waterways for fishing, boating, and recreation. Conveniently located near schools, shopping, public transportation, and major commuter routes, this property combines immediate income with future development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,480 | - |
| Lot Size | 10,367 | - |
| Price | $515.0K | $438.4K |
| Price per sq ft | $208 | $278 |
| Built year | 2007 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 61 |
Jul 15, 2026
$515,000
$525,000
-2% Price Drop
Initial Listing
Jun 18, 2026
$525,000
Initial Listing