736 S School Street, Lodi, CA 95240, Lodi, 95240 - 2 bed, 2 bath
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Lodi, CA 95240
This Residential Income Duplex presents a Strong Value Opportunity with a List Price of $741,000—positioned well below the $780,690 Fair Market Value by 5%. This valuation gap offers $39,690 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 4, the property offers a stable foundation for value-add renovations. With its Dual-Unit Configuration and Generous 9,644 sqft Lot, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 736 S School Street Subject | $741,000* List Price | 2 | 2 | 1,988 | $393 | - |
A 312 Cherry Pending | $615,000 List Price | 4 | 3 | 1,400 | $439 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1967 and features renovations that appear to be 20+ years old, specifically the dated tile countertops with wood trim and older flooring. While the kitchen and interior are functional and move-in ready, the significant cracking in the driveway and the age of the finishes indicate the home is due for minor repairs and modern updates.
Featuring two separate 2-bedroom, 2-bathroom houses on a single lot, this property offers exceptional flexibility for high rental income or multi-generational living.
Situated in a quiet, tree-lined neighborhood near beautiful downtown Lodi, the property benefits from high tenant desirability and proximity to local amenities.
The expansive 9,644 sqft lot includes a two-car garage for the front house, providing rare outdoor space and secure parking for a multi-unit residential income property.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1988, other record living area = 1024.
Built in 1967, the property may require capital improvements or modernization to systems and finishes to meet contemporary standards and maximize market rents.
Given the recent price appreciation and current list price, investors must carefully analyze the cap rate to ensure the income potential aligns with current market financing costs.
TWO HOUSES ON ONE LOT, close to beautiful downtown Lodi. Quiet tree lined neighborhood. Great income potential. Both houses have 2 bedrooms and two bathrooms. Font house has a two car garage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,988 | 2,684 | 40% |
| Lot Size | 9,644 | 7,401 | 60% |
| Price | $741.0K | $580.0K | 80% |
| Price per sq ft | $373 | $211 | 80% |
| Built year | 1967 | 1967 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 136 | 20% |
May 26, 2026
$741,000
Initial Listing
Aug 13, 2024
$719,500
Public Record
Sep 20, 2019
$405,000
Public Record
Mar 23, 2001
$162,500
Public Record