
Stockton, CA 95204
This property presents a High-Potential Investment Opportunity with a List Price of $248,000—positioned well below the $247,239 Fair Market Value (effectively at market). While the home carries a Condition Rating of 5, the generous 5,985 sqft lot offers significant upside for renovation or ADU expansion. Located near Cleveland Elementary, this asset requires a full rehab to unlock its potential. Given the financing constraints, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of managing extensive structural and cosmetic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39 E Gibson Street Subject | $248,000* List Price | 2 | 1 | 858 | $288 | - |
A 520 E Mendocino Avenue Sold | $300,000 | 2 | 1 | 901 | $333 | 0.9 mi |
B 59 E Monterey Avenue Sold | $305,000 | 2 | 1 | 1,108 | $275 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 with no evidence of recent renovations, this property is explicitly marketed as a fixer-upper that does not qualify for conventional or FHA financing. The kitchen and bedrooms feature severely dated linoleum and finishes, and the presence of a portable space heater suggests the primary HVAC system is likely non-functional, requiring a full rehab.
Priced as a fixer-upper in an established neighborhood, this property offers significant upside for investors or contractors looking to renovate and flip or hold as a rental.
The nearly 6,000-square-foot lot provides ample outdoor space and potential for future expansion or the addition of an Accessory Dwelling Unit (ADU).
Conveniently located within walking distance to Cleveland Elementary and other local schools, making it a practical location for future tenants or residents.
Due to its distressed condition, the property does not qualify for conventional or FHA financing, restricting the buyer pool to cash or hard money investors.
Being sold in 'as-is' condition and requiring significant updates, the property necessitates a substantial additional capital investment for repairs and modernization.
INVESTOR & CONTRACTOR SPECIAL! Opportunity awaits at 39 E Gibson St in an established Stockton neighborhood. This property is ready for someone with the vision and experience to bring it back to life. Offering great potential for renovation, resale, or a future investment property, this is the perfect project for a contractor, investor, or buyer looking to add value through improvements. Property is being sold AS-IS and is in need of repairs and updating. Due to its current condition, the property will not qualify for conventional or FHA financing. Cash or hard money financing only. Bring your tools, creativity, and visionthis fixer has plenty of potential for the right buyer!
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades K-8 • 0.7 mi
Grades K-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 858 | 1,597.396 |
| Lot Size | 5,985 | 6,405.68 |
| Price | $248.0K | $451.4K |
| Price per sq ft | $289 | $281 |
| Built year | 1950 | 1978 |
| HOA | $0 | $270 |
| Days on market | 6 | 56 |
Sep 3, 2026
$248,000
Initial Listing
Jan 20, 2009
$101,000
Public Record
Sep 9, 2005
$300,000
Public Record
May 21, 2002
$159,000
Public Record
Jul 27, 2001
$132,500
Public Record