3319 N Pershing Avenue, Stockton, CA 95204, Stockton, 95204 - 6 bed, 4 bath
ACTIVE$675,000$2,883/sqft
Est. Value: $671,742
%
FairlyEstimate
3319 N Pershing Avenue, Stockton, CA 95204
6Beds
4Baths
2,883Sqft
8,647Lot
Price Vs. Estimate
The estimated value ($671,742.465) is $3,257.535 (0%) lower than the list price ($675,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: The property offers guaranteed positive cash flow with a new 2-year lease at $6,000/month, explicitly marketed as a fantastic investment.
Top Cons:
Delayed High Cash Flow: The attractive $6,000/month lease does not commence until October 1, 2025, meaning the buyer will not realize this higher income immediately upon purchase.
Compared to the nearby listings
Price:$675.0K vs avg $372.0K (+$303,000)98%
Size:2,883 sqft vs avg 1,314 sqft97%
Price/sqft:$234 vs avg $27728%
More Insights
Built in 1988 (38 years old).
Condition: The property, built in 1988, has undergone significant and extensive renovations within the last 5-8 years, including a new roof (2016), upgraded kitchen and bathrooms (2016), new siding, insulation, carpeting, and doors (2020). These updates make the home move-in ready with well-maintained systems and minimal wear and tear. While the kitchen and bathroom styles are functional and clean, they are not 'virtually new' or high-end modern, aligning with the 'Good' rather than 'Excellent' criteria.
Year Built
1988
Close
-
List price
$675K
Original List price
-
Price/Sqft
$234
HOA
$0
Days on market
-
Sold On
-
MLS number
225084935
Home ConditionGood
Features
Patio
View-
About this home
Fantastic Investment Opportunity! Property is located directly across the street from UOP campus, PRIME LOCATION with 6 full bedrooms. WHOLE HOUSE COMPLETELY RENTED WITH NEW LEASE AT $6,000/MONTH STARTING OCTOBER 1, 2025, 2 YEAR LEASE. Step in to positive cash flow immediately! Home has been updated in last 10 years. In 2020: NEW James Hardie fiber cement siding, insulation, carpeting, front door, back sliding glass door and gutters. In 2016: NEW roof, perimeter fencing in backyard, alarm system, upgraded kitchen and upgraded bathrooms. Large master bed and bath suite downstairs, 5 bedrooms upstairs (4 of which are HUGE double rooms), 5 car garage attached to house and tons of parking in driveway. Amazing investment opportunity!!
D
Danielle Hardcastle
Listing Agent
Nearby schools
4/10
Tyler Skills Elementary School
Public,•K-8•1.1mi
5/10
Commodore Stockton Skills School
Public,•K-8•1.4mi
2/10
Hoover Elementary School
Public,•K-8•1.5mi
2/10
Stagg Senior High School
Public,•5-12•0.5mi
Price History
Date
Event
Price
03/29/01
Sold
$216,000
06/03/22
Sold
$65,000
12/03/20
Sold
$545,000
01/29/16
Sold
$280,000
Condition Rating
Good
The property, built in 1988, has undergone significant and extensive renovations within the last 5-8 years, including a new roof (2016), upgraded kitchen and bathrooms (2016), new siding, insulation, carpeting, and doors (2020). These updates make the home move-in ready with well-maintained systems and minimal wear and tear. While the kitchen and bathroom styles are functional and clean, they are not 'virtually new' or high-end modern, aligning with the 'Good' rather than 'Excellent' criteria.
Pros & Cons
Pros
Exceptional Investment Opportunity: The property offers guaranteed positive cash flow with a new 2-year lease at $6,000/month, explicitly marketed as a fantastic investment.
Prime University Location: Directly across the street from the University of the Pacific (UOP) campus, ensuring high demand for student rentals and consistent occupancy.
High Occupancy Potential: With 6 full bedrooms, including a master suite downstairs and four huge double rooms upstairs, the property is ideally configured for multi-tenant living, maximizing rental income.
Significant Recent Upgrades: Extensive updates in 2020 (new siding, insulation, carpeting, doors, gutters) and 2016 (new roof, perimeter fencing, alarm system, upgraded kitchen and bathrooms) reduce immediate capital expenditure for a new owner.
Abundant Parking: A 5-car attached garage and tons of additional driveway parking are crucial amenities for a multi-tenant property, enhancing its appeal to renters.
Cons
Delayed High Cash Flow: The attractive $6,000/month lease does not commence until October 1, 2025, meaning the buyer will not realize this higher income immediately upon purchase.
Potential for Increased Wear and Tear: A 6-bedroom property rented to multiple tenants (likely students) will inherently experience higher wear and tear, potentially leading to increased maintenance and repair costs over time.
Specific Market Niche Dependency: The property's primary value proposition is its suitability for student housing, which could limit the buyer pool to investors focused on this specific niche, potentially affecting resale broader market appeal.