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303 W lockeford, Lodi, CA 95240, Lodi, 95240 - 2 bed, 2 bath

303 W lockeford, Lodi, CA 95240 home-pic-0
ACTIVE$448,950$325/sqft
303 W lockeford, Lodi, CA 95240
2Beds
2Baths
325Sqft
375Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Income Potential: As a fully remodeled duplex with two independent studio units, this property offers significant income potential for owner-occupants (house-hacking) or investors.
Top Cons:
Extremely Compact Living Spaces: The total square footage of 325 sqft for a 2-unit duplex indicates very small, studio-style living, which may limit tenant appeal and long-term occupancy.

Compared to the nearby listings

Price:$448.9K vs avg $448.9K (+$0)50%
Size:325 sqft vs avg 1,920 sqft33%
Price/sqft:$1.4K vs avg $27167%

More Insights

Built in 1982 (44 years old).
Condition: This property has been 'rebuilt from the studs up' and 'fully remodeled,' presenting as virtually new. Both studio units feature modern finishes, new wood-look tile flooring, contemporary grey cabinetry, granite countertops, and new stainless steel appliances (refrigerator, induction cooktop, microwave, stackable washer/dryer). The bathrooms are also fully updated with modern tile, glass shower enclosures, and new fixtures. All systems, including the water heater and electrical, appear new or extensively updated, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Year Built
1982
Close
-
List price
$449K
Original List price
-
Price/Sqft
$1,381
HOA
$0
Days on market
-
Sold On
-
MLS number
225096667
Home ConditionExcellent
Features
View-

About this home

Don't miss this truly one-of-a-kind property now at an even better price!! Fully remodeled and fully furnished, this turnkey duplex known throughout Lodi for its unique shape offers unbeatable affordability and income potential near Downtown Lodi. Rebuilt from the studs up, both modern studio units feature private entrances, updated finishes, in-unit washer/dryer, fridge, and kitchenette. Clean, efficient, and low-maintenance, each space lives like a brand-new boutique apartment. Eligible owner-occupants may qualify for little to no money down through programs such as CalHFA and the Chenoa Fund, making this an ideal opportunity for first-time buyers or house-hackers. Live in one unit and rent out the other to help offset the mortgage, or operate both as flexible rentals for traveling professionals and long-term tenants. Located just a short walk to Lodi's restaurants, wineries, coffee shops, and Hutchins Street Square, this unique pie-shaped property offers exceptional walkability and rental appeal. A standout option for buyers seeking affordability, income, and a turnkey lifestyle close to Lodi's vibrant core.

J
Jeremiah Patterson
Listing Agent
Condition Rating
Excellent
This property has been 'rebuilt from the studs up' and 'fully remodeled,' presenting as virtually new. Both studio units feature modern finishes, new wood-look tile flooring, contemporary grey cabinetry, granite countertops, and new stainless steel appliances (refrigerator, induction cooktop, microwave, stackable washer/dryer). The bathrooms are also fully updated with modern tile, glass shower enclosures, and new fixtures. All systems, including the water heater and electrical, appear new or extensively updated, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Strong Income Potential: As a fully remodeled duplex with two independent studio units, this property offers significant income potential for owner-occupants (house-hacking) or investors.
Turnkey & Fully Remodeled: Rebuilt from the studs up with modern finishes and fully furnished, it offers a brand-new boutique apartment feel with minimal immediate buyer investment.
Exceptional Downtown Lodi Location: Highly walkable location, steps away from Lodi's vibrant downtown, including restaurants, wineries, coffee shops, and cultural attractions, enhancing rental appeal.
Affordability & Financing Accessibility: Positioned as an affordable option with potential eligibility for low/no money down financing programs (CalHFA, Chenoa Fund), broadening the buyer pool.
Low Maintenance & Efficient Design: Designed for efficiency and low upkeep, appealing to both owner-occupants and landlords seeking hassle-free property management.

Cons

Extremely Compact Living Spaces: The total square footage of 325 sqft for a 2-unit duplex indicates very small, studio-style living, which may limit tenant appeal and long-term occupancy.
Unconventional 'Pie-Shaped' Layout: The unique 'pie-shaped' design, while distinctive, could lead to challenging furniture arrangements and potentially inefficient use of space for some occupants.
Limited Amenities (e.g., Parking/Outdoor Space): The description does not mention dedicated parking or private outdoor space, which could be a significant drawback for tenants or owners in a downtown setting.
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