• Indiana Street Woodbridge, CA 95258

  • $1,850,000

  • Bed(s)
  • 0
    Baths
  • 0
    Sq Ft

Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.9 MILLION. Total Current income is $173,400 With a current GRM of 10.95! 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!

Property Type :

ResidentialIncome

County :

San Joaquin

Style :

ResidentialIncome

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Property Details

 

Bedroom Information

Window Feature : Dual Pane Full,Varies by Unit

Water/Sewer

Sewer: In & Connected

Interior Features

Roof : Composition

Appliances : Dishwasher,Varies By Unit,Free Standing Electric Range

Laundry Features: Varies by Unit,Washer/Dryer Hookups

Roofing Information

Composition

Flooring Information

Carpet,Laminate,Vinyl,Linoleum,Varies by Unit

Heating & Cooling

Heating: Central,Varies by Unit

Cooling: Central,Varies by Unit

Water Source: Public

Building Information

Year Built: 1993

Stories: 1

Construction: Metal Siding,Stucco,Wood,Wood Siding

Basement: None

Roof: Composition

Foundation Details: Raised, Slab

Exterior Features

Foundation Details: Raised, Slab

Porch: Uncovered Patio,Covered Patio,Varies by Unit

Accessibility Features

None

Laundry Features

Varies by Unit,Washer/Dryer Hookups

Patio And Porch

Uncovered Patio,Covered Patio,Varies by Unit

Lot Information

Lot Dimensions: See APN Printouts

Lot Description: Shape Irregular,Curbs/Gutters,Landscape Back,Landscape Front

Lot Square Feet: 46,174

Stories: 1

Topography: Level

Property Information

Property Type: ResidentialIncome

Sub Type: 5 or More Units

Style: Ranch,Contemporary,Cottage

Construction Materials: Metal Siding,Stucco,Wood,Wood Siding

Property Age: 31

Cross Street: Lower Sacramento Road

Source Neighborhood: 20901

Postal Code Plus 4: 9061

Area: Woodbridge S: 95258

Zoning: Varies by APN (see attchements for APN printouts

Structure Type: Mixed Use,Garden Apartments,House(s)

Farm Info

Irrigation Source: None

Listing Price Information

Listing Id: 224046397

List Price: $1,850,000

Tax Information

Parcel Number: 015-160-04

Parking Information

No of Garage Spaces: 10

Parking Total: 19

Garage,Varies by Unit

Homeowners Association Information

Association YN : No

Calculated Total Monthly Association Fees : $0

School Information

Elementary School District: Lodi Unified

Junior High School District: Lodi Unified

Senior High School District: Lodi Unified

Utility Information

Natural Gas Connected,Electric

Electric: 220 Volts

Location Information

Direction: from 99 or 5 Take Turner Road to Lower Sacramento Road and then Left onto Indiana Street

Homes around $1,850,000

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Alan Avenue, Woodbridge, CA,95258 $439,950 3 2 1,144 --
Del Rio Drive, Woodbridge, CA,95258 $1,109,000 3 3 2,865 --
Indiana Street, Woodbridge, CA,95258 $600,000 6 3 2,470 --
Indiana Street, Woodbridge, CA,95258 $200,000 3 1 1,152 --
Indiana Street, Woodbridge, CA,95258 $200,000 2 1 970 --
974 Indiana Street, Woodbridge, CA,95258 $825,000 -- -- -- --
Indiana Street, Woodbridge, CA,95258 $675,000 -- -- -- --
Cypress Run, Woodbridge, CA,95258 $650,000 4 3 2,048 --
Chestnut Street, Woodbridge, CA,95258 $375,000 3 1 1,083 --
Mokelumne Street, Woodbridge, CA,95258 $590,000 6 2 1,611 --

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ByOwner last updated this listing 05/31/2024 @ 03:27

MLS: 224046397
LISTED BY: Ron Benning, eXp Realty of California Inc
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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