348 S Los Angeles Avenue, Stockton, CA 95203, Stockton, 95203 - bed, bath
ACTIVE$349,950/sqft
348 S Los Angeles Avenue, Stockton, CA 95203
0Bed
0Bath
Sqft
5,523Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: Currently configured as a residential income property housing 8 single-room tenants with shared facilities, offering immediate cash flow for investors.
Top Cons:
Niche 'Bunkhouse' Configuration: The current setup for 8 single-room tenants with shared bathroom and kitchen facilities caters to a very specific, potentially high-management, rental market, which may limit broad buyer appeal.
Compared to the nearby listings
Price:$349.9K vs avg $430.0K ($-80,025)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, this 65-year-old property shows significant age and wear on the exterior. Described as a 'bunkhouse' with shared kitchen and bathroom facilities for 8 tenants, it's highly probable that these critical areas are severely outdated, in poor condition, and require substantial repairs and modernization. The absence of interior photos further suggests these features are not a selling point. The property likely needs extensive rehabilitation to meet modern living standards.
Year Built
1959
Close
-
List price
$350K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225044309
Home ConditionPoor
Features
View-
About this home
Property originally HEAD START FACILITY - than owned by Catholic Church - now housing 8 single room tenants with shared bathroom area and shared kitchen - more like a bunkhouse - gated parking area in rear could be turned into many uses - safe corner right down from school - Boggs Tract now has sewer & water also included in purchase is separate commercial 5581 sqft commercial lot = 1791 W. Sonora st. contiguous
M
Mike Faria
Listing Agent
Nearby schools
4/10
George Washington Elementary School
Public,•K-8•0.1mi
3/10
San Joaquin Elementary School
Public,•K-8•1.2mi
2/10
John Marshall Elementary School
Public,•K-8•1.6mi
2/10
Taylor Leadership Academy
Public,•K-8•1.6mi
3/10
Edison High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
01/23/18
Sold
$130,000
Condition Rating
Poor
Built in 1959, this 65-year-old property shows significant age and wear on the exterior. Described as a 'bunkhouse' with shared kitchen and bathroom facilities for 8 tenants, it's highly probable that these critical areas are severely outdated, in poor condition, and require substantial repairs and modernization. The absence of interior photos further suggests these features are not a selling point. The property likely needs extensive rehabilitation to meet modern living standards.
Pros & Cons
Pros
Strong Income Potential: Currently configured as a residential income property housing 8 single-room tenants with shared facilities, offering immediate cash flow for investors.
Valuable Commercial Lot Included: The purchase includes a separate, contiguous 5581 sqft commercial lot (1791 W. Sonora St.), significantly enhancing the property's overall value and offering diverse future development or income opportunities.
Versatile Property History & Structure: Originally a Head Start Facility and later owned by a Catholic Church, the property likely possesses a robust and adaptable structure suitable for various uses beyond its current 'bunkhouse' setup.
Secure Gated Parking: A private, gated parking area in the rear adds convenience, security, and value, particularly beneficial for a multi-tenant or potential commercial property.
Improved Local Infrastructure & Location: Situated on a 'safe corner' right down from a school, with confirmed sewer and water services in Boggs Tract, indicating a stable and improving neighborhood environment.
Cons
Niche 'Bunkhouse' Configuration: The current setup for 8 single-room tenants with shared bathroom and kitchen facilities caters to a very specific, potentially high-management, rental market, which may limit broad buyer appeal.
Age and Potential for Capital Expenditures: Built in 1959, the property is older and likely requires significant investment for modernization, system upgrades, and potential deferred maintenance, especially given its institutional past.
Management Intensity: Operating a property with 8 single-room tenants and shared amenities demands specific landlord experience and can be management-intensive, which may deter less experienced investors.