4404 Manchester Ave, Stockton, CA 95207 – 24-459187

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$8,000,000

Est. payment - /mo

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16,896 SqFt

Active

4404 Manchester Ave Stockton, CA 95207

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

11/09/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,896 sqft

Price per Sqft $473

MLS Listing ID 24-459187

Year Built 1970

Lot Size 1.630 Acres

Acres 1.63

Property Description

Located at 4404 Manchester Avenue, Stockton, CA, Townhouse Pacifica Apartments presents a prime investment opportunity in a growing rental market. This well-maintained 38-unit building, consisting 37 of two-bedroom units and 1 unit of four-bedroom, offers stable cash flow and long-term appreciation. With low vacancy rates and strong tenant demand, the property provides reliable income.The property's location near major employment centers, San Joaquin Delta College, and the University of the Pacificjust a 10-minute walk awaymakes it highly appealing to renters. Easy access to Interstate 5 ensures quick commutes to Sacramento, San Jose, and San Francisco, while Downtown Stockton, just 3 miles away, offers convenient dining, shopping, and entertainment options.Situated in the desirable Weberstown/Kentfield neighborhood, the property benefits from nearby parks, shopping centers, and restaurants, attracting a diverse tenant base. This diversity enhances its resilience against economic fluctuations.With rising property values and rental rates in Stockton, the property offers significant upside potential through renovations and upgrades, ensuring strong returns and future growth.

Location

State CA

County San Joaquin

Area Stockton

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Air Conditioning

Flooring Carpet, Tile

Equipment Microwave, Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features Uncovered

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by JM Commercial Properties, Inc.