Off Market

1905 El Dorado Street, Stockton, CA 95204

1905 El Dorado Street, Stockton, San Joaquin, CA, 95204
5 months ago
Views: 29

$2,300,000(Negotiable)

Overview

3480721

Type

5 or More Units

Parking

Yes

Sqft

11158

Build Year

1971

Purpose

For Sale

About This Listing

El Dorado Townhomes is a well-maintained 20-unit multifamily investment offering exceptional value add potential in the Pacific submarket of Stockton CA. The property features 100% one-bedroom townhome unitsa desirable floor plan in high demand among renters. Current rents sit approximately 13% below market, providing a clear path for income growth through modest operational and management enhancements, without the need for significant capital investment. Upon stabilization, the asset is projected to generate an attractive cash-on-cash return approaching 10%. Stockton’s rental market fundamentals remain strong, with fewer than 100 market-rate units currently in the development pipeline and steady population and employment growth fueling continued demand for rental housing. 1905 N El Dorado Street presents investors with the opportunity to acquire a well maintained asset at a significant discount to replacement costtimed perfectly as interest rates begin to ease. Favorable market conditions are creating highly attractive leverage scenarios, where available financing supports cash-on-cash returns well above recent historical averages.

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MetroList CA data Last Updated: April 24, 2026, 10:09 pm

Data Source: SACM