
Stockton, CA 95204
This Bonnie Apartments complex represents a High-Potential Investment Opportunity with a List Price of $1,300,000, positioned slightly above the $1,291,616 Fair Market Value. Built in 1965, the property maintains a Fair Condition Rating, offering significant upside through modern unit renovations and loss-to-lease recovery. With six spacious 2-BD/1-BA units adjacent to the University of the Pacific, the asset benefits from high rental demand and a prime location. This is a strategic acquisition ideal for Buy-and-Hold Investors or Value-Add Developers seeking to enhance cash flow in the Stockton market.
Property is moderate renovation needed.
Built in 1965, this 59-year-old property is functional but dated. While interior photos show some recent cosmetic updates like LVP flooring and fresh paint, the presence of popcorn ceilings and older hollow-core doors, combined with the listing's emphasis on 'value-add potential' and 'contemporary unit renovations,' indicates that kitchens, baths, and systems likely require modernization to meet current market standards.
Situated adjacent to the University of the Pacific and just one block from Pacific Avenue, the property benefits from high tenant demand and proximity to Stockton's premier Miracle Mile dining and entertainment corridor.
Each of the six units offers approximately 1,200 square feet of living space, which is exceptionally large for 2-bedroom apartments, providing a significant competitive advantage in the local rental market.
The property presents a clear path for increased cash flow through contemporary interior renovations and the recovery of loss-to-lease, allowing an investor to capture significant upside in a growing submarket.
Built in 1965, the building may require substantial capital expenditures for modernizing systems or addressing deferred maintenance to meet current energy efficiency and aesthetic standards.
The property consists exclusively of 2-bedroom, 1-bathroom units, which limits its appeal to a broader range of tenant profiles such as single professionals seeking smaller units or larger families needing more bathrooms.
Ideally positioned in the Central Stockton submarket just one block from Pacific Avenue and adjacent to the University of the Pacific, the property offers investors a rare opportunity to acquire a well-located asset with strong historical occupancy and meaningful value-add potential. Residents benefit from convenient access to the Miracle Mile, Stockton's premier entertainment and dining corridor, as well as nearby retail, employment, and educational amenities. Built in 1965, the Bonnie Apartments consists entirely of six (6) spacious 2-BD / 1-BA units, each approximately 1,200 square feet. Property amenities include on-site laundry, covered parking, and secure gated access. With current rents offering a clear path for loss-to-lease recovery and additional upside through contemporary unit renovations, the Bonnie Apartments presents an attractive opportunity for an investor to enhance cash flow while benefiting from the continued growth and appreciation of the Stockton market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 2.5 |
| Square foot | 6,883 | 1,942.25 |
| Lot Size | 7,250 | 6,807.625 |
| Price | $1.30M | $437.6K |
| Price per sq ft | $189 | $230 |
| Built year | 1965 | 1962 |
| HOA | $0 | $112 |
| Days on market | 17 | 67 |
Oct 7, 2026
$1,300,000
Initial Listing
Sep 2, 2025
$1,280,000
Public Record
May 10, 2024
$1,000,000
Public Record
Jun 20, 2013
$525,000
Public Record