6905 N El Dorado Street, Stockton, CA 95207 home-pic-0

6905 N El Dorado Street, Stockton, CA 95207 home-pic-1

6905 N El Dorado Street, Stockton, CA 95207 home-pic-2

ACTIVE$585,000$2,727/sqft

6905 N El Dorado Street, Stockton, CA 95207

0Bed

0Bath

2,727Sqft

6,600Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:

Turnkey Investment Opportunity: This triplex is presented as a turnkey acquisition, with all units currently rented by long-term tenants, providing an immediate and consistent income stream for investors.

Top Cons:

Age of Property: Built in 1964, while major exterior updates are complete, other core systems (e.g., plumbing, electrical) not explicitly mentioned as upgraded may be original and could require future attention or investment.

Compared to the nearby listings

Price:$585.0K vs avg $550.0K (+$35,000)67%

Size:2,727 sqft vs avg 700 sqft83%

Price/sqft:$215 vs avg $10750%

More Insights

Built in 1964 (62 years old).

Condition: Built in 1964, the property has received significant recent exterior updates including a new roof (2023), paint, gutters, and fencing. However, interior renovations are only partial, with 'select units' receiving new wall furnaces, window A/C, and bathroom fixtures. The kitchens are not mentioned as updated and are likely original or very dated. While the exterior is well-maintained, the interior, particularly kitchens and some bathrooms, will require modernization, aligning with the 'Fair' condition criteria of being aged but maintained with functional major components that show signs of being outdated, requiring minor updates.

Year Built

1964

List price

$585K

Original List price

Price/Sqft

$215

HOA

Days on market

Sold On

MLS number

ML81991332

Home ConditionFair

Features

Patio

View-

About this home

INVESTOR ALERT: PRICE ADJUSTMENT! We've sharpened the pencil to make this Turnkey Triplex an undeniable acquisition opportunity for a serious investor. Located in a highly desirable Stockton area, this property is poised for income and minimal headaches. Exceptional Value, Zero Hassle: This triplex now hits a critical price point, making it a competitive and compelling choice for investors seeking stability and yield in the Central Valley. BUILT-IN VALUE: The heavy lifting is done! Recent major capital improvements ensure low future maintenance costs: New Roof: Installed on the building and carport in 2023 for long-term durability. Exterior Refresh: New gutters, new exterior paint, and new fencing. Low-Maintenance Site: Front yard rockscape minimizes upkeep.TENANT STABILITY: All units are currently rented by long-term tenants, providing a consistent and reliable income stream. Each unit features valuable laundry hook-ups. Select units have been upgraded with new wall furnaces, new window A/C units, and new bathroom fixtures. PRIME LOCATION: Conveniently situated with easy access to major shopping centers, Costco, schools, and parks.

Cheryl Cardamon

Listing Agent

Price History

Date

Event

Price

03/15/96

Sold

$115,909

Condition Rating

Fair

Built in 1964, the property has received significant recent exterior updates including a new roof (2023), paint, gutters, and fencing. However, interior renovations are only partial, with 'select units' receiving new wall furnaces, window A/C, and bathroom fixtures. The kitchens are not mentioned as updated and are likely original or very dated. While the exterior is well-maintained, the interior, particularly kitchens and some bathrooms, will require modernization, aligning with the 'Fair' condition criteria of being aged but maintained with functional major components that show signs of being outdated, requiring minor updates.

Pros & Cons

Pros

Significant Capital Improvements: Recent major capital improvements, including a new roof (2023), new gutters, exterior paint, and fencing, significantly reduce immediate maintenance costs and future capital expenditures.

Tenant Stability & Income Reliability: The presence of long-term tenants in all units ensures a stable occupancy rate and reliable rental income, minimizing vacancy risks for the investor.

Prime & Convenient Location: Situated in a desirable Stockton area, the property offers easy access to major shopping centers (including Costco), schools, and parks, enhancing its appeal to tenants.

Reduced Maintenance & Unit Features: A low-maintenance front yard rockscape minimizes upkeep, and all units include valuable laundry hook-ups, with select units benefiting from upgraded wall furnaces, window A/C, and bathroom fixtures.

Cons

Partial Unit Upgrades: Only 'select units' have received interior upgrades (furnaces, A/C, bathroom fixtures), suggesting some units may still require modernization to maximize rental potential or tenant satisfaction.

Lack of Detailed Financials: The description highlights income potential but lacks specific details on current rental rates per unit or operating expenses, which are crucial for a comprehensive investor proforma analysis.

6905 N El Dorado Street, Stockton, CA 95207, Stockton, 95207 - bed, bath