Map of Property

721 N Commerce St

For Sale

721 N Commerce St, Stockton, CA 95202

This Stockton property for sale is located at 721 N Commerce St. The general use of 721 N Commerce St is multi-family and it incorporates 5,589 square feet of class C multi-family space. The current listed sale price for 721 N Commerce St is $1,199,000. 721 N Commerce St is situated on a lot that is 0.18 acre in size.

Contacts

broker

Andy Le

First Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 5,589 SF
  • Units 10
  • Lot Size 0.18 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1970
  • Date Updated Oct 19, 2024
The apartment complex at 721 N. Commerce St., Stockton, CA, offers an exceptional investment opportunity in a prime downtown location. Situated within the Stockton Unified School District, the property appeals to families prioritizing access to quality education. The surrounding area is a vibrant hub of retail, dining, and entertainment, featuring popular destinations like Stockton Arena, Regal Cinemas, and the San Joaquin County Library. Residents will enjoy the convenience of nearby retail giants such as Starbucks, Dutch Bros, Sonic, and Subway, as well as essential services provided by major banks including Chase, Wells Fargo, and U.S. Bank. Additionally, the property is well-connected to major transportation routes, including Interstate 5 and Highway 4, making commuting and travel easy. This strategic location, surrounded by essential services, shopping, dining, and entertainment, makes the property highly desirable for tenants and an attractive investment opportunity for knowledgeable investors.Presenting an outstanding investment opportunity at 721 N. Commerce St., Stockton, CA. This 10-unit apartment complex consists of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. The property features dual-pane windows, providing enhanced energy efficiency and noise reduction, as well as a durable concrete driveway, ensuring long-term, low-maintenance use. Additional amenities include both covered and uncovered parking, a common area laundry room, and a remote-controlled security gate for added safety. With current rents below market value, there is significant potential for value-add improvements. Stockton’s growing demand for quality rental housing indicates a consistent flow of prospective tenants, making this investment an excellent choice for generating steady rental income with low vacancy rates.

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Highlights

  • Prime 10-Unit Apartment Complex: Consisting of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units.
  • Value-Added Opportunity: Potential to increase rental income by adjusting rents to market levels. Additionally, implementing a Ratio Utility Billing System (RUBS) offers the chance to recoup utility costs, further enhancing the property’s income potential.
  • Extra Income Potential: On-site laundry machines leased out by WASH, with all maintenance handled by the company, providing the owner with hassle-free additional income through monthly checks.
  • Modern Upgrades: 9 out of the 10 units have been remodeled, featuring updated finishes and modern amenities, offering tenants a fresh, contemporary living experience while boosting the property's rental appeal.
  • Strong Rental Demand: Located in a vibrant downtown area with high demand for quality rental housing in Stockton.
  • Enhanced Security: Property is secured by a remote-controlled security gate for added safety.
  • Energy Efficiency: Since 2015, dual-pane windows have been installed throughout the property, offering enhanced insulation and noise reduction, improving energy efficiency and comfort for tenants.
  • Durable Infrastructure: This property boasts a newly completed concrete driveway (2024), offering a sleek, long-lasting, and low-maintenance solution. The roof, replaced in 2014, further enhances the property's durability, ensuring peace of mind for years to come.
  • Ample Parking: Offers generous on-site parking, with both covered and uncovered spaces.
  • Family-Friendly Location: Ideally situated within the Stockton Unified School District.
  • Excellent Connectivity: Easy access to major transportation routes, including Interstate 5 and Highway 4.
  • Proximity to Amenities: Close to popular destinations like Stockton Arena, Regal Cinemas, Starbucks, and major banks, making it an attractive location for tenants.

Getting around

  • 86/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 66/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Stockton, CA
  • Neighborhood Downtown Stockton
  • Zip Code 95202
  • Market Central Valley

Points of Interest

  • Stockton–Downtown

    0.88 miles

  • Valero

    0.14 miles

  • Chevron

    0.29 miles

  • Hardy's Gas & Snacks

    0.52 miles

  • Shell:

    1.01 miles

  • Arco

    1.08 miles

  • Shell

    1.57 miles

  • ChargePoint

    7.65 miles

  • State Lot

    0.36 miles

  • Stewart Eberhardt Parking Garage

    0.50 miles

  • Private Parking (Customers & Employees)

    0.61 miles

  • Hunter Street Garage

    0.67 miles

  • Market Street Garage

    0.74 miles

  • Locke 2

    2.56 miles

  • Locke 1

    2.58 miles

  • Holt 2

    2.62 miles

  • Locke 3

    2.64 miles

  • Budd 3

    2.64 miles

  • Stockton Travellers Motel

    0.09 miles

  • University Plaza Waterfront Hotel

    0.20 miles

  • Howard Johnson Stockton

    0.48 miles

  • Crest Motel

    1.16 miles

  • Red Roof Inn Stockton

    1.18 miles

  • Budget Inn

    1.20 miles

  • Pacific Motel

    1.35 miles

  • Executive Lodge Inn

    1.40 miles

  • Days Inn Stockton

    1.56 miles

  • Motel 6 Stockton - Charter Way West

    1.57 miles

  • Tienda Guatemalteca El Quetzal

    1.20 miles

  • Grocery Outlet

    1.27 miles

  • Save Mart

    1.36 miles

  • La Superior

    1.72 miles

  • Arteaga's

    1.96 miles

  • Sakura Japanese Groceries & Gifts

    2.10 miles

  • Big Lots

    2.30 miles

  • Super Mercado

    2.32 miles

  • Safeway

    2.34 miles

  • Target

    2.51 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

broker

Andy Le

First Commercial Real Estate