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33633816
33633815

4416 Precissi Ln, Stockton, CA 95207

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento
$8,950,000
2 days on market
Updated 2 days ago

The Cottages Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 37,760
Units 40
Cap Rate 5.76%
NOI $515,902
Occupancy 97%
Tenancy Multi
Price per SqFt $237
Year Built 2002
Acreage 1.930
Investment Type Stabilized

Multifamily | 5.76% CAP | 40 Units

Marketing description

The DeLoney Group at Marcus & Millichap is proud to present The Cottages, a meticulously maintained 40-unit apartment community, built in 2002 and located adjacent to the University of the Pacific in Stockton, California. The offering, for sale for the very first time, exclusively features two bedroom / two bathroom units, each spanning a generous 944 square feet.

While not deeded as a student property, The Cottages has naturally attracted students from the Thomas J. Long School of Pharmacy, which is located just 0.4 miles away. The property’s spacious floor plans, particularly the rare two-bedroom, two-bathroom layouts, provide tenants with privacy—making them especially popular among roommates. In addition to the thoughtful unit designs, the property offers a lowdensity environment, covered parking, gated access, and lush landscaping, all of which distinguish it from competing properties in the area.

Located in the heart of the Central Valley, The Cottages benefits from direct access to major employment centers such as the Bay Area, Silicon Valley, and Sacramento. The city is well-served by key highways, including I-5 and CA-99, making it an ideal hub for residential living and commuting professionals. With Stockton’s steady population growth and a lack of new construction in the region, the demand for rentals is projected to continue rising, which will likely put upward pressure on rents.

The new owner of Cottages can add value by eroding the approximate 12% loss to lease on the rent roll upon lease renewal. As a property built in 2002, it combines the advantages of newer construction with a relatively low unit count, a very rare combination in today’s marketplace. The property is stable, low-maintenance, and provides a clear path to upside through strategic rent adjustments.

Please contact The DeLoney Group for more information or tours. Please do not disturb residents or management.

Investment highlights

  • Unique 40-unit apartment community built in 2002. Modern construction minimizes maintenance costs and simplifies insurance requirements
  • High demand from the University of Pacific school of pharmacy, just 0.4 miles away
  • Spacious floorplans, in suite W/D hookups, gated access, and lush mature landscaping

Listing Contacts

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$515,902.00
$42,991.83/mo

Valuation Metrics

0
DSCR
5.76%
Cap Rate
5.76%
ROI

Map

Zoning

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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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