Description

Unique investment opportunity featuring 22 upgraded units with significant improvements already completed. Each unit offers updated interiors, modern flooring, fresh paint, upgraded kitchen areas, and individual split-system heating and air conditioning. The property also features two large commercial kitchens, an on-site laundry facility, gym, and manager's office. Conveniently located near Highway 99 with easy access to shopping, restaurants, transportation, and other amenities. This versatile property offers an investor multiple potential income strategies, including continued hospitality operations, long-term rental possibilities, or future redevelopment, subject to applicable zoning, licensing, and governmental approvals. Seller financing may be considered with acceptable terms. An excellent opportunity for an investor seeking a multi-unit property with extensive improvements already in place and additional value-add potential. Buyer to independently verify permitted uses, unit configuration, income potential, and all property information.

Property details

Year built

1938

Property type

Residential Income

Lot size

33,768 sqft

Location

1506 S Mariposa • Stockton, CA 95205

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Listed by

Carla Evans · California Equity Real Estate

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Residential Income - 1506 S Mariposa, Stockton, CA