345 S Pilgrim Street, Stockton, CA 95205, Stockton, 95205 - 9 bed, 0 bath
Loading property details...
Stockton, CA 95205
Analysis of 345 S Pilgrim Street, Stockton, CA 95205 is currently available with a list price of $669,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Stockton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property exhibits a stark contrast between its interior and exterior conditions. While the provided interior photos show a unit that has been recently and tastefully renovated with new LVP flooring, modern shaker-style cabinetry, granite countertops, and updated bathroom fixtures, the exterior of the 1900-built structure shows significant signs of age and deferred maintenance, including peeling paint and weathered wood siding. Given that only one of the four units is fully remodeled and the building's exterior requires immediate attention, the property as a whole falls into the fair category.
The property features a rare layout of one duplex and two detached units on a single lot, offering tenants more privacy and reducing noise complaints compared to traditional apartment blocks.
With two units currently vacant—one fully remodeled and one nearly ready—an investor can immediately capture market-rate rents or utilize the property for owner-occupancy.
The combination of three 2-bedroom units and one 3-bedroom unit appeals to a wide range of tenant profiles, ensuring a broader pool of applicants and consistent occupancy.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12968, other record lot size in square feet = 10000.
Built in 1900, the property may require higher-than-average maintenance budgets to address aging infrastructure, such as plumbing, electrical systems, and structural integrity.
Overseeing four separate units across multiple structures requires more intensive management and coordination of utilities and repairs than a single-family investment.
Great Investment Opportunity! Rare opportunity to own a four-unit income property consisting of one duplex and two detached units on the same lot. Three units feature 2 bedrooms, 1 bathroom and one unit offers 3 bedrooms, 1 bathroom, all offer a living room, and a kitchen, offering comfortable and functional living spaces for tenants. Two units are currently vacant, presenting an excellent opportunity for an owner-occupant or investor to place new tenants at market rents. One of the vacant units has been fully remodeled, while the other is currently undergoing fresh interior paint and minor touch-ups, making it move-in ready soon. The remaining two units are tenant-occupied, providing immediate rental income. This property offers strong investment potential with significant upside, allowing a new owner to increase rents and maximize cash flow over time. The combination of multiple units, detached structures, and partially updated interiors makes this a versatile opportunity for both seasoned investors and those looking to start or expand their real estate portfolio. Whether you are seeking steady rental income, long-term appreciation, or value-add potential, this multi-unit property checks all the boxes!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 3.5 | 88% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 3,439 | 1,350 | 88% |
| Lot Size | 12,968 | 6,273.5 | 88% |
| Price | $669.0K | $375.2K | 88% |
| Price per sq ft | $195 | $279 | 38% |
| Built year | 1900 | 1931 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 121 | 13% |
Mar 12, 2026
$669,000
Initial Listing
Sep 30, 2014
$153,000
Public Record
Jun 19, 2002
$195,000
Public Record