kiddermathews.com

10-unit Multifamily Centrally located

FOR SALE

Stockton, CA 1030 N San Joaquin St

Ben Frazier 916.751.3642 bfrazier@kiddermathews.comLIC #01850030

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.

kiddermathews.com

Ben Frazier 916.751.3642 bfrazier@kiddermathews.comLIC #01850030

Stockton, CA 1030 N San Joaquin St

Property DescriptionBUILDING 2-story wood frame construction

YEAR BUILT 1971

APN 139-180-14

RENTABLE SF ±5,522

PARCEL SIZE ±7,500

ROOF Flat

HEATING Wall unit

WINDOWS Single pane

WATER HEATING Individual

LAUNDRY On-site

PARKING Off street/Tuck under

N

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.

kiddermathews.com

Ben Frazier 916.751.3642 bfrazier@kiddermathews.comLIC #01850030

Stockton, CA 1030 N San Joaquin St

Weber Point Events CenterBanner Island Ballpark

Stockton Arena

The Haggin Meseum

University Plaza Waterfront

SUBJECT PROPERTY

W Harding Wy

W Magnolia St

Acacia St

MCLEOD LAKE

VICTORY PARK

AMERICAN LEGION PARK

N S

an Joaq

uin St

N P

ershing A

ve

N

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.

kiddermathews.com

Ben Frazier 916.751.3642 bfrazier@kiddermathews.comLIC #01850030

Stockton, CA 1030 N San Joaquin St

Financials

Price $700,000

Price/Unit $70,000

Price/SF $126.77

Down Payment $210,000

Cap Rate 4.71%

Market Cap 6.58%

GRM 9.70

Market GRM 8.21

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.

kiddermathews.com

Ben Frazier 916.751.3642 bfrazier@kiddermathews.comLIC #01850030

Stockton, CA 1030 N San Joaquin St

Address Qty Units Year Built Unit Type(s) Sale Date Sales Price Price/Unit Price/SF Cap Rate

1030 N San Joaquin St Stockton, CA 95202 10 1971

(8) 1BD/1BA Twnhs

(2) 1BD/1BA FlatFOR SALE $750,000.00 $70,000.00 $126.77 4.71%

725 N San Joaquin StStockton, CA 95202 9 1971

(8) 1BD/1BA

(1) 2BD/1BA 1/29/2018 $630,000.00 $70,000.00 $126.00

420 E Rose StStockton, CA 95202 14 1973

(4) 1BD/1BA

(10) 2BD/1BA12/27/2017 $890,000.00 $63,571.00 $85.40 4.89%

2601 Delano Ave Stockton, CA 95204 17 1989 (17) 1BD/1BA 12/19/2017 $1,205,250.00 $70,897.00 $116.20 6.22%

8473 Kelley Dr Stockton, CA 95209

7 1979 (7) Studio 11/15/2017 $6,750,000.00 $96,429.00 $114.48

545 E Oak StStockton, CA 95202

8 1971 (8) 1BD/1BA 6/2/2017 $600,000.00 $75,000.00 $150.72

Sales Comparables

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.

kiddermathews.com

Ben Frazier 916.751.3642 bfrazier@kiddermathews.comLIC #01850030

Stockton, CA 1030 N San Joaquin St

Address Qty Units Year Built Unit Type(s) SF Per SF/Per Mo Building Notes

1030 N San Joaquin St Stockton, CA 95202 10 1971

(8) 1BD/1BA

(2) 1BD/1BA

710

880

$956.00 / $1.34

$1,139.00 / $1.27

100% OccupancyAverage SF: 890Average Rent Per SF/Per Mo: $1,108.00 / $1.29

1143 N San Joaquin St Stockton, CA 95202 6 1909 (6) 1BD/1BA 525 $790.00 / $1.50

100% OccupancyAverage SF: 525Average Rent Per SF/Per Mo: $790.00 / $1.50

1029 N Hunter St Stockton, CA 95202 12 1935

(8) STUDIO

(2) 1BD/1BA

(2) 1BD/1BA

400

550

850

$645.00 / $1.61

$665.00 / $1.21

$710.00 / $0.84

98% OccupancyAverage SF: 500Average Rent Per SF/Per Mo: $659.00 / $1.32

915 N San Joaquin St Stockton, CA 95202 10 1976 (8) 1BD/1BA 460 $580.00 / $1.26

100% OccupancyAverage SF: 460Average Rent Per SF/Per Mo: $580.00 / $1.26

1020 N San Joaquin St Stockton, CA 95202 12 1970

(1) STUDIO

(10) 1BD/1BA

500

520

$590.00 / $1.18

$750.00 / $1.44

100% OccupancyAverage SF: 510Average Rent Per SF/Per Mo: $670.00 / $1.31

Rent Comparables