Contacts
Sean O'Brian
Kidder Mathews
Property Details
- Property Type Multi-Family
- Property Size 15,800 SF
- Units 24
- Lot Size 0.62 Acre
- Additional Rent Contact for pricing
- Year Built 1968
- Date Updated Sep 24, 2024
- AVERAGE UNIT SF 658
THE OFFERING
412 North Church Street is a rare gem offering a
highly desirable location within walking distance
of Downtown Lodi, with stabilized income, pride
of ownership, and sizable upside in rents.
The subject property was built in 1968 with many
noteworthy improvements including updated
interiors, flooring, counters, and appliances on
most units, new covered parking structures, new
water heaters, dual pane windows, main sewer
line, and on-site laundry.
412 North Church is comprised of an attractive
unit mix of 8 spacious 2-Bedroom/1-Bathroom
units, 12 large 1-Bedroom/1-Bathroom units, and
4 well designed studio units. Each apartment
home is approximately 745 square feet, 645 square feet, and 525 square feet for 2 bedrooms, 1
bedrooms, and studios respectively.
Residents of the property enjoy the safe and quaint
Lodi community with great schools and walking
proximity to ample dining and entertainment amenities
Downtown. Lodi has become a great choice for renters
out of both Sacramento and the Bay Area seeking a
higher quality of life and more affordable housing.
The investment appeal of this opportunity is the ability
to acquire a well located asset in a market with a very
high barrier to entry and low transaction volume that
has resulted in exponential and expected continuing
value appreciation.
Upon acquisition of 412 North Church Street, a new
owner can very easily increase cash flow by over
$78,000 per year by year three simply by improving
the online marketing and advertising of vacant units
and continuing to increase rents to market rates, as
allowed under AB 1482.
Apartment opportunities in Lodi are rare and do not
stay on the market long. Contact Sean O’Brian for more
information and access to the virtual deal room today.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
-
Walk Score ®
-
Bike Score ®
Location
- City Lodi, CA
- Zip Code 95240
- Market Central Valley
Points of Interest
-
ChargePoint
0.34 miles
-
76
0.44 miles
-
Chevron
0.81 miles
-
Kwik Serv
1.68 miles
-
Arco
1.81 miles
-
Shell
2.41 miles
-
Downtown Parking Garage
0.34 miles
-
Lodi Park And Ride
0.95 miles
-
Salas Park
2.30 miles
-
Thornton Road Park And Ride
6.82 miles
-
Cunningham 3
9.98 miles
-
Econo Lodge Inn & Suites
0.80 miles
-
Days Inn & Suites by Wyndham Lodi
1.17 miles
-
Rancho Grande
1.22 miles
-
Budget Inn
1.33 miles
-
Economy Inn
1.51 miles
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Motel 6
1.63 miles
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Hampton Inn & Suites Lodi
1.81 miles
-
Wine and Roses
1.86 miles
-
Lodi Lodge
1.87 miles
-
Candlewood Suites Lodi
1.99 miles
-
S-mart Foods
0.79 miles
-
Big Lots
1.06 miles
-
dd's Discounts
1.10 miles
-
Grocery Outlet
1.11 miles
-
Ross
1.74 miles
-
Kohl's
1.77 miles
-
S-MART Foods
1.79 miles
-
Raley's
2.00 miles
-
Target
2.18 miles
-
Marshalls
2.25 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Sean O'Brian
Kidder Mathews