7941 Diana Marie Drive, Stockton, CA 95210, Stockton, 95210 - bed, bath
ACTIVE$475,000/sqft
7941 Diana Marie Drive, Stockton, CA 95210
0Bed
0Bath
Sqft
6,499Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex with existing tenants, providing immediate and steady passive income ($1600/mo and $1500/mo), making it attractive for investors.
Top Cons:
Property Age & Potential for Updates: Built in 1974, the property is 50 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant renovations to modernize.
Compared to the nearby listings
Price:$475.0K vs avg $505.0K ($-30,000)29%
Size: sqft vs avg 1,900 sqft29%
Price/sqft:$0 vs avg $21629%
More Insights
Built in 1974 (52 years old).
Condition: Built in 1974, this duplex is 50 years old and shows significant signs of age. The kitchen features very outdated white appliances, original-style cabinets, and an old fluorescent light fixture. The bathroom has dated gold-framed sliding shower doors and fixtures. While some areas have newer laminate flooring, the overall condition, including unkempt exterior and older systems (implied by window AC in garage), indicates a need for substantial renovation and rehabilitation to meet current standards and increase value, as even noted in the listing's description.
Year Built
1974
Close
-
List price
$475K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
225040459
Home ConditionPoor
Features
View-
About this home
Investment Opportunity! Charming Duplex for sale! This attractive duplex features 2 large bedrooms, 1 bathroom, 2-car garage and 2 additional parking spaces per unit. Conveniently located near businesses, shopping centers and restaurants. Currently rented for $1600/mo for 7648 and $1,500 for unit 7640. Ideal for real estate investors looking for steady passive income while building equity on the property, first time buyers seeking an affordable entry into the market and those looking to renovate and increase property's value and rental income.
V
Vanessa Peralta
Listing Agent
Price History
Date
Event
Price
02/17/12
Sold
$100,500
07/25/05
Sold
$350,000
Condition Rating
Poor
Built in 1974, this duplex is 50 years old and shows significant signs of age. The kitchen features very outdated white appliances, original-style cabinets, and an old fluorescent light fixture. The bathroom has dated gold-framed sliding shower doors and fixtures. While some areas have newer laminate flooring, the overall condition, including unkempt exterior and older systems (implied by window AC in garage), indicates a need for substantial renovation and rehabilitation to meet current standards and increase value, as even noted in the listing's description.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with existing tenants, providing immediate and steady passive income ($1600/mo and $1500/mo), making it attractive for investors.
Strong Investment Potential: Explicitly marketed as an investment opportunity, ideal for building equity and increasing property value through strategic renovations.
Convenient Location: Situated near businesses, shopping centers, and restaurants, enhancing tenant appeal and ensuring high occupancy rates.
Ample Parking: Each unit benefits from a 2-car garage and 2 additional parking spaces, a significant advantage for tenants in a multi-unit property.
Value-Add Opportunity: The property offers clear potential for renovation to modernize units, increase rental income, and significantly boost overall property value.
Cons
Property Age & Potential for Updates: Built in 1974, the property is 50 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant renovations to modernize.
Renovation Investment Required: While offering value-add potential, achieving higher rental income and property value necessitates a substantial capital investment for renovations, which may deter some buyers.
Limited Bathroom Count: Each unit features only one bathroom, which might be a drawback for larger families or tenants seeking more modern amenities, potentially limiting the tenant pool or rental upside without modification.