REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Irik Edens

irik@fullofhearthomes.com +1(530) 350-9522

$ 729,999

Est. payment -/mo

Save

Active

1617 N El Dorado ST Stockton, CA 95204

4,615 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,615 sqft

Price per Sqft $158

Subdivision Sperrys Add

MLS Listing ID 226027384

HOA Y/N No

Year Built 1924

Lot Size 5502.000 Acres

Acres 0.1263

Lot Dimensions 5502

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

RARE opportunity to own a well-maintained, income-producing four-plex in one of Stockton's most desirable and walkable neighborhoods. Just moments from Miracle Mile, Downtown Stockton, and the University of the Pacific (UOP). Multi-family properties with four units are becoming increasingly difficult to find, making this an exceptional opportunity for investors or owner-occupants seeking long-term value and stable cash flow. Blending timeless 1920s character with thoughtful modern updates, this charming property offers both strong investment fundamentals and an appealing lifestyle for tenants. Residents enjoy being within walking distance to an exciting mix of local restaurants featuring Japanese, Laotian, Thai, Chinese, Korean, Greek, Hispanic, and classic American cuisine, along with boutique shopping, coffee houses, breweries, ice cream shops, and vibrant neighborhood amenities. The fully occupied property features four spacious units with functional layouts designed for comfortable everyday living. The two upstairs units are occupied by long-term tenants and offer generous living spaces with separate living and family rooms, spacious kitchens, and classic architectural charm. The two downstairs units have been tastefully updated with modern finishes while preserving the property's original character. Unit 1617 is a beautifully renovated two-bedroom unit featuring a modernized kitchen and bathroom, updated flooring, contemporary lighting, and refreshed finishes throughout. Unit 1623 offers a spacious two-bedroom layout with newer flooring, countertops, appliances, updated lighting and ceiling fans, plus a cozy bedroom fireplace that adds warmth and charm. Both downstairs units enjoy access to a welcoming covered front porch, enhancing curb appeal and outdoor living space. Generating approximately $5,432 in monthly rental income and $65,184 annually, this property offers immediate cash flow with future upside potential. Priced at $729,999 with an attractive GRM of approximately 11.20% and estimate cap rate 6% to 6.5%, this investment presents a compelling opportunity in a highly desirable rental corridor. Whether you're a seasoned investor looking to expand your portfolio, or an owner-occupant interested in living in one unit while generating rental income from the others, this four-plex offers flexibility, stability, location, and long-term growth potential in the heart of Stockton.

Location

State CA

County San Joaquin

Area 20701

Direction Please use GPS

Rooms

Other Rooms Unit-1 Type: Studio Approx SqFt: 1154 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Occupancy: Tenant Rent: 1081 SqFt Source: Tax Record Unit-2 Type: Studio Approx SqFt: 1154 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1201 SqFt Source: Tax Record Unit-3 Type: Studio Approx SqFt: 1154 Bedrooms: 2 Full Baths: 1 Total Rooms: 2 Occupancy: Tenant Rent: 1600 SqFt Source: Tax Record Unit-4 Type: Studio Approx SqFt: 1154 Bedrooms: 2 Full Baths: 1 Total Rooms: 2 Occupancy: Tenant Rent: 1550 SqFt Source: Tax Record

Basement Storage Area, Partial

Interior

Heating Fireplace(s), Floor Furnace

Cooling Ceiling Fan(s), None

Flooring Carpet, Laminate, Vinyl, Linoleum, Wood, Luxury Vinyl Plank

Window Features Dual Pane Partial,Window Screens

Laundry In Each Unit, Laundry Closet, Washer/Dryer Hookups

Exterior

Parking Features Off Street, Open, Side-by-Side, Detached, Uncovered, Guest Parking Available

Utilities Available Sewer Connected, City

Water Access Desc Public

View Other

Roof Type Shingle

Porch Balcony/Deck, Varies by Unit, Enclosed Deck

Total Parking Spaces 4

Building

Lot Description Shape Regular, Sidewalk, Other

Story 2

Foundation PillarPostPier, Raised

Sewer Public Sewer

Water Public

Architectural Style A-Frame, Victorian

Schools

Elementary Schools Stockton Unified

Middle Schools Stockton Unified

High Schools Stockton Unified

School District San Joaquin

Others

Senior Community No

Tax ID 127-060-18

Special Listing Condition None

Listed by RE/MAX Gold Lodi

GET MORE INFORMATION

Contact Us

+1(530) 350-9522

irik@fullofhearthomes.com