3621 DE OVAN AVENUE, Stockton, CA 95204, Stockton, 95204 - bed, bath
ACTIVE$740,000/sqft
3621 DE OVAN AVENUE, Stockton, CA 95204
0Bed
0Bath
Sqft
15,300Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a triplex, this property offers multiple rental units, providing diversified income streams and strong investment potential for an owner-occupant or pure investor.
Top Cons:
Property Age & Potential for Updates: Built in 1965, the property is nearly 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and interior finishes may be original or outdated, potentially requiring significant capital expenditure for renovations or repairs.
Compared to the nearby listings
Price:$740.0K vs avg $791.0K ($-51,000)50%
Size: sqft vs avg 2,000 sqft50%
Price/sqft:$0 vs avg $10550%
More Insights
Built in 1965 (61 years old).
Condition: Built in 1965, the property's kitchen and bathrooms are significantly outdated, featuring original or very old cabinets, laminate/tiled countertops, and older appliances. The HVAC system relies on window AC units and wall heaters, indicating a lack of modern central systems. While the living room has updated laminate flooring, the core functional areas require substantial rehabilitation and significant capital expenditure, aligning with the 'poor' condition criteria.
Year Built
1965
Close
-
List price
$740K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
41113435
Home ConditionPoor
Features
View-
About this home
D
Debbie Warren
Listing Agent
Price History
Date
Event
Price
11/12/15
Sold
$300,000
Condition Rating
Poor
Built in 1965, the property's kitchen and bathrooms are significantly outdated, featuring original or very old cabinets, laminate/tiled countertops, and older appliances. The HVAC system relies on window AC units and wall heaters, indicating a lack of modern central systems. While the living room has updated laminate flooring, the core functional areas require substantial rehabilitation and significant capital expenditure, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: As a triplex, this property offers multiple rental units, providing diversified income streams and strong investment potential for an owner-occupant or pure investor.
Generous Lot Size: The substantial 15,300 sq ft lot offers ample outdoor space for tenants, potential for future expansion (subject to local zoning), or the addition of desirable amenities.
Established Neighborhood: Built in 1965, the property is likely situated in a mature, established area of Stockton, often characterized by stable communities and convenient access to local amenities.
Investment Opportunity: The property's classification as 'Residential Income' and its triplex nature make it an attractive prospect for investors seeking rental yield and long-term appreciation in the Stockton market.
No Association Fees: The absence of HOA fees means lower operating costs for the owner, maximizing net rental income and providing full control over property management decisions.
Cons
Property Age & Potential for Updates: Built in 1965, the property is nearly 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and interior finishes may be original or outdated, potentially requiring significant capital expenditure for renovations or repairs.
Lack of Specific Unit Information: The provided details do not include crucial information on the condition of individual units, current rental income, or lease terms, which are essential for assessing immediate cash flow and required management effort.
Generic Subdivision Name: The 'Other' subdivision name might indicate a less defined or less desirable micro-market within Stockton, potentially impacting future appreciation or tenant demand compared to properties in well-known, established communities.