221 E Sonora St
Multifamily | 10 Units
Marketing description
PDF is pleased to present this 10 unit multifamily apartment complex located at 221 E Sonora Street in Stockton, CA.
The property consists of 9 one bedroom one bathroom units and 1 studio unit. All tenants are currently month to month, allowing for immediate repositioning of rents and interior upgrades. Current rents are well below market, creating a strong value add opportunity and clear pathway for increased revenue.
Located near Downtown Stockton with convenient access to I 5 and Hwy 99, the property benefits from proximity to major employment centers, shopping, dining, public transit, and daily services. This location supports long term occupancy and solid leasing demand.
This asset is well suited for investors pursuing a stabilized building that provides cash flow today with meaningful upside available through renovation and improved lease structures.
Please inquire for additional information.
Investment highlights
- Total Units: 10
- Unit Mix: 9 - One Bedroom/One Bathroom
- Units and 1 - Studio Unit
- Year Built: 1900
- Building Size: 7,224 SF
- Lot Size: +/- 0.16 AC
- Stories: 2
- APN: 149-065-120
- Tenant Status: 90% Occupancy, All MTM
- Rents Well Below Market
- Value Per Door: $100,000
- Central infill location near freeways and daily amenities
- All MTM tenancy provides immediate ability to implement a value add program
- Below market rents present substantial revenue upside
- Desirable one bedroom unit mix aligns with strong renter demand
- Infill Stockton location supports durable occupancy and ease of leasing
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