980 Indiana Street

Woodbridge, CA 95258

$1,800,000
Price
9
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.8 MILLION. Total Current income is $173,400 With a current GRM of 10.38! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments) : 1 Triplex , 1 Duplex, 2 single Family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft....Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.8 MILLION. Total Current income is $173,400 With a current GRM of 10.38! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments) : 1 Triplex , 1 Duplex, 2 single Family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft. The final building in the portfolio is a large Tradesman Shop that is approximately 1900 sqft with a office and large door that opens to accommodate larger items. The shop also has a large fence in storage yard. That can easily accommodate more than a dozen vehicles or storage for a business or the new owner. (See attachments for a current rent roll and Market Rent Report that suggests plenty of additional upside potential) On the rent roll we have penciled in $1000 a month for the shop since the seller is willing to rent back for 6 months, but it was previously rented at $2500 a month. At full market rents for all units and the shop we see an annual gross income of over $200,000 per year and a GRM in the high 8's!
  1. Listed by Ron Benning • DRE #01058898 • eXp Realty of California Inc
  2. Listed by Shawn R. Mileham • DRE #01271371 • eXp Realty of California Inc.

Property Details for 980 Indiana Street

Parking Features
Garage, Varies by Unit
Architectural Style
Ranch, Contemporary, Cottage
Zoning
Varies by APN (see attchements for APN printouts
View Description
City, Varies by Unit

Location

Listing Courtesy of eXp Realty of California Inc, Ron Benning, DRE #01058898; eXp Realty of California Inc., Shawn R. Mileham, DRE #01271371
Add your commute
LISTING UPDATED: 05/30/2024 06:48 PM

Property Details for 980 Indiana Street

StatusActive
MLS #224046397
Days on Compass30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1993
Lot Size1.06 AC / 46,173 SF
CountySan Joaquin County

Location

Listing Courtesy of eXp Realty of California Inc, Ron Benning, DRE #01058898; eXp Realty of California Inc., Shawn R. Mileham, DRE #01271371
Add your commute

Building Information for 980 Indiana Street

Stories1Residences8Year Built1993Building Size-Lot Size1.06 AC / 46,173 SF

Payment Calculator

$10,220 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$397

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 980 Indiana Street

Summary
Location and General Information
  • Area/District: 20901
  • Area Short Display: 20901
  • Cross Street: Lower Sacramento Road
  • City: Woodbridge
  • County: San Joaquin
  • State: CA
  • Zip Code: 95258
  • Zip Plus 4: 9061
  • Topography: Level
  • Directions to Property: from 99 or 5 Take Turner Road to Lower Sacramento Road and then Left onto Indiana Street
Taxes and HOA Information
  • APN: 015-160-04
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
  • Association Fee: $.00
School Information
  • School District (County): San Joaquin
  • Elementary School District: Lodi Unified
  • Middle or Junior School District: Lodi Unified
  • Senior High School District: Lodi Unified
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 1
  • Garage Spaces: 10
  • Total Parking Spaces: 19
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 8
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Acres: 1.06
  • Lot Size Source: Verified
  • Lot Size Square Feet: 46174.0
  • Lot Size Dimensions: See APN Printouts
  • Lot Features: Shape Irregular, Curbs/Gutters, Landscape Back, Landscape Front
Property and Assessments
  • Property Condition: Updated/Remodeled, Varies by Unit
  • Irrigation: None
  • Year Built: 1993
  • Picture Count: 91
  • Photos Provided By: Agent
  • Elevation: 0
  • Property Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2024, MetroList Services, Inc. <BR> Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
  • Signs: No
  • Census Tract: 41.05
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Varies by Unit, Electricity, Gas
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, Electric
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Loading: Delivery Door
  • # of Floors: 1
  • # of Guest Space(s): 0
  • # Of Buildings: 6
  • Construction Materials: Metal Siding, Stucco, Wood, Wood Siding
  • Foundation: Raised, Slab
  • Stories: 1
  • Levels: One
  • Patio And Porch Features: Uncovered Patio, Covered Patio, Varies by Unit
  • Window Features: Dual Pane Full, Varies by Unit
  • Accessibility Features: None
  • Roof: Composition
Interior Features
  • Heating: Central, Varies by Unit
  • Appliances: Dishwasher, Varies By Unit, Free Standing Electric Range
  • Laundry Features: Varies by Unit, Washer/Dryer Hookups
  • Basement: None
  • Cooling: Central, Varies by Unit
  • Electric: 220 Volts
  • Flooring: Carpet, Laminate, Vinyl, Linoleum, Varies by Unit
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • 2 Bedroom Rent Range: $1500-$2000
  • # of 2 Bedroom Units: 6
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 6
3 Bedroom Unit
  • 3 Bedroom Rent Range: $2385
  • # of 3 Bedroom Units: 1
  • 3 Bedroom Annual Occupancy: 100.00%
  • # of 3 Bedrooms Occupied: 1
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 1
  • Total # Owner Occupied: 8
  • # Studios Occupied: 1
  • # of Studio Units: 1
  • # Of Units Total: 8
  • Total # Leasable: 8
  • Other Unit(s): Detached Cottage, Office(s)
  • Num of Units: 8
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Identification: 980 Indiana Street
  • Unit 1 Lease Term: Less Than 12 Months
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent Source: Owner
  • Unit 1 Rent: $2,000.00
  • Unit 1 Approx SqFt: 1141.0
  • Unit 1 SqFt Source: Tax Record
  • Unit 1 # of Rooms: 5
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Identification: 1871 Orange Street
  • Unit 2 Lease Term: Less Than 12 Months
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent Source: Owner
  • Unit 2 Rent: $2,000.00
  • Unit 2 Approx SqFt: 1141.0
  • Unit 2 SqFt Source: Tax Record
  • Unit 2 # of Rooms: 5
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 3
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Identification: 950 Indiana Street
  • Unit 3 Lease Term: Less Than 12 Months
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent Source: Owner
  • Unit 3 Rent: $2,385.00
  • Unit 3 Approx SqFt: 1100.0
  • Unit 3 SqFt Source: Not Measured
  • Unit 3 # of Rooms: 6
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Identification: 968 Indiana Street
  • Unit 4 Lease Term: Less Than 12 Months
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent Source: Owner
  • Unit 4 Rent: $2,000.00
  • Unit 4 Approx SqFt: 914.0
  • Unit 4 SqFt Source: Tax Record
  • Unit 4 # of Rooms: 5
  • Unit 4 Type: Apartment
Income & Expenses
  • Income Includes: Rent Only
  • Operating Expense Includes: None
Rental
Rent Information
  • Lease Term: Lease/Month to Month Mix
  • Lease Deposit: 0.0
  • Commercial Rent Range: $1500-$2500
  • Studio Rent Range: $1000
  • Studio Annual Occupancy: 100.00%
  • Tenant Pays: Electricity, Gas

Property History for 980 Indiana Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 980 Indiana Street

Taxable ValueLand$111,550Additions$206,369Total$317,919
Tax Record2023$4,767 ($397 / month)
Home Facts
Baths2Total Finished SqFt2,283 SqFtAbove Grade Finished SqFt2,283 SqFtStories1Lot Size10,650 SqFtStyleDuplexYear Built1993ZoningRCountySAN JOAQUINAPN015-160-040-000

Schools near 980 Indiana Street

This home is within Lodi Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Woodbridge School
PublicK to 6

Millswood Middle School
Public7 to 8

Lodi High School
Public9 to 12

Liberty High School
Public9 to 12

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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980 Indiana Street is a multi-family home for sale in Woodbridge, CA 95258. This property was listed for sale on May 3, 2024 by eXp Realty of California Inc, it's currently listed at $1,800,000. This listing's school district is Lodi Unified School District. Nearby schools include Woodbridge School, Millswood Middle School and Lodi High School. 980 Indiana Street is a 9-bed, 4-bath, multi-family home built in 1993.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, Ron Benning, DRE #01058898; eXp Realty of California Inc., Shawn R. Mileham, DRE #01271371

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