The Van Buren Apartments
7.28% Current Cap | Upgraded Multifamily Investment | 11 Units
Marketing description
Colliers Central Valley Investment Team is pleased to present the Van Buren Apartments, an 11-unit multifamily property located at 630 N. Van Buren Street in Stockton's Downtown/Civic Center area. The asset consists entirely of 1-bedroom / 1-bath units at approximately 490 SF, with 10 of the 11 units recently remodeled, offering a strong value-add and stabilized turnkey opportunity. With a 7.28% cap rate, the property provides an attractive in-place yield with additional upside through continued lease-up and rent optimization.
The property sits in a centrally located pocket of Stockton, near major downtown amenities, including the University of the Pacific, Stockton Arena, and the Bob Hope Theatre, all within a short drive. Residents benefit from walkable access to downtown restaurants, coffee shops, and everyday services, along with proximity to McLeod Lake and the Downtown Waterfront district. The area is also well-connected to public transit and major corridors, like Highway 4 and I-5, providing regional access to Sacramento and the broader Central Valley employment base.
Investment highlights
- 11-unit multifamily property located at 630 N. Van Buren Street in Stockton's Downtown/Civic Center area.
- All 1-BD/1-BA units at 490 SF, with 10 of 11 units recently remodeled, offering strong in-place quality and value-add upside.
- Attractive 7.28% cap rate providing immediate yield with continued rental growth potential through stabilization.
- Close to key downtown amenities including University of the Pacific, Stockton Arena, Bob Hope Theatre, restaurants, and the Downtown Waterfront corridor.
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