1851 Lomita Avenue, Stockton, CA 95204
Local realty services provided by:Legacy Real Estate & Associates ERA Powered
1851 Lomita Avenue,Stockton, CA 95204
$599,000
- - Beds
- - Baths
- 1,330 sq. ft.
- Multi-family
- Active
Listed by: deborah brittan
Office: real broker technologies
MLS#:226125996
Source:MetroList
Price summary
- Price:$599,000
- Price per sq. ft.:$450.38
About this home
Rare turnkey value-add investment opportunity in Stockton! 1851 Lomita is already producing $3,860/month in gross rental income from two established income streams, while offering a clearly defined path to significantly increase future revenue. The property currently includes a 2-bedroom/1-bath main residence with an updated kitchen, rented at $2,300/month, plus a full-size furnished rear studio with private kitchen, bathroom and dedicated entrance, rented at $1,560/month. The real upside is in the expansion potential. Current plans contemplate an attic micro-studio projected at approximately $1,450/month and conversion of the detached garage into a 1-bedroom ADU with private outdoor space, projected at approximately $1,750/month. If completed as envisioned, projected gross rental income could reach approximately $7,060/month or $84,720 annually. Unlike properties marketed simply as having ADU potential, much of the preliminary groundwork has already been done. The permitting pathway has been explored, contractors are lined up, and project management is available to help coordinate permitting and construction for the buyer. Estimated additional buildout investment is approximately $100,000 with an anticipated 6-9 month timeline. Offered at $599,000, the projected total basis after planned improvements is approximately $699,000creating a compelling combination of immediate income and future upside. Future rents, construction costs, timelines and projected income are estimates only and are not guaranteed. Buyer to independently verify permits, approvals, plans, allowable uses, rental income, utilities, construction costs and operating expenses....
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Home facts
- Year built:1929
- Listing ID #:226125996
- Added:18 day(s) ago
- Updated:October 26, 2026 at 03:07 PM
Rooms and interior
- Flooring:Laminate, Tile Floor
- Kitchen Description:Dishwasher, Disposal, Free Standing Gas Range, Free Standing Refrigerator, Microwave
- Basement Description:Partial
- Living area:1,330 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central
- Heating:Central, Fireplace(s)
Structure and exterior
- Roof:Composition Shingle
- Year built:1929
- Building area:1,330 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Auto Sprinkler F&R
- Construction Materials:Frame, Stucco
- Foundation Description:Raised Foundation
- Levels:1 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$450.38
Features and amenities
- Appliances:Dishwasher, Disposal, Microwave
Parking
- Garage spaces:1
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