4404 Manchester Avenue

Stockton, CA 95207

$8,000,000
Price
6
Beds
3
Baths
16,896 Sq. Ft.
$473 / Sq. Ft.
16,896
Sq. Ft.
$473
per Sq. Ft.

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...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.
  1. Listed by Michael Song • DRE #01779355 • Brokerage DRE #01173664 • JM Commercial Properties, Inc.
  2. Listed by Abu Majumder • DRE #01275191 • Abu Majumder, Broker

Property Details for 4404 Manchester Avenue

Parcel Number
11022022
Total Units
38.0
Living Area
16896
Source Living Area
Vendor Enhanced
Area
Stockton (STCK)
Vacancy Rate
5
Lot Size Area
71002
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 11/09/2024 12:01 AM

Property Details for 4404 Manchester Avenue

StatusActive
MLS #24-459187
Days on Compass22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size1.63 AC / 71,002 SF
CountySan Joaquin County

Building Information for 4404 Manchester Avenue

Stories2Residences-Year Built1970Building Size-Lot Size1.63 AC / 71,002 SF

Property Information for 4404 Manchester Avenue

Community / Development
Community / Development
  • Number Of Units: 38
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Townhouse
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $685,303
  • Net Operating Income: $371,116.00
  • Gross Income: $720,187
  • Gross Rent Multiplier: $11.11
  • Financial Info as Of: 07/31/2024
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 316687
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.63
  • Lot Size Square Feet: 71002
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 0
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Carpet, Tile
  • Equipment: Microwave, Range/Oven, Refrigerator
  • Cooking Appliances: Gas/Electric Range, Oven
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $1,530.00
  • Unit Actual Rent: $45,805.00
  • Unit Projected Rent: $58,140.00
  • Like Units: 37
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $1,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $5,548,035.00
  • Assessed Improvement Percent: 75.14
  • Assessed Land Value: $1,836,000.00
  • Assessed Land Percent: 24.86
  • Assessed Total Value: $7,384,035.00

Property History for 4404 Manchester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4404 Manchester Avenue

Taxable ValueLand$1,836,000Additions$5,548,035Total$7,384,035
Tax Record2024$86,833 ($7,236 / month)
Home Facts
Baths57Total Finished SqFt16,896 SqFtAbove Grade Finished SqFt16,896 SqFtStories2Lot Size71,002 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningR3BCountySAN JOAQUINAPN110-220-220-000

Schools near 4404 Manchester Avenue

This home is within Lincoln Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Brookside School
PublicK to 8

Sierra Middle School
Public7 to 8

Lincoln High School
Public9 to 12

John Mccandless Charter
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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4404 Manchester Avenue is a multi-family home for sale in Stockton, CA 95207. This property was listed for sale on November 1, 2024 by JM Commercial Properties, Inc., it's currently listed at $8,000,000. It has been on the market for a total of 22 days and was last sold on February 5, 2024. This listing's school district is Lincoln Unified School District. Nearby schools include Brookside School, Sierra Middle School and Lincoln High School. 4404 Manchester Avenue is a 6-bed, 3-bath, 16,896 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JM Commercial Properties, Inc., Michael Song, DRE #01779355; Abu Majumder, Broker, Abu Majumder, DRE #01275191

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.