220 E Elm Street, Lodi, CA 95240
San Joaquin County
Key Facts
Description
5 Units. x4 2BD/1BA. x1 1BD/1BA. Current Cap Rate ~7.6%. Pro Forma Cap Rate ~9.2%. 100% Occupancy. This investment property is just one block from Main Street in the heart of Downtown Lodi. The property consists of four spacious two-bedroom, one-bath units of approximately 1,100 square feet each with large, condo-style layouts, plus one one-bedroom, one-bath unit w/ coin operated laundry facilities on-site. Clean, well-maintained building with long-term tenants providing stable occupancy. Rents are currently below market, creating clear upside potential through future rent adjustments. Prime walkable location near Downtown Lodi's shops, restaurants, wine bars, nightlife, and entertainment. Rent roll and expense sheets available upon request or attached to MLS listing. Income and expense figures reflect the current owner's operation of the property.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Contemporary
Year Built
1969
Stories
2
Living Area
3,894 sq ft
Lot Size
0.14 acres
Parking Spaces
6
MLS® Listing#
226031072
Property Features
Cooling
Heating
Flooring
Parking
Laundry
Lot Features
Construction
Community
Utilities
Sewer
Schools
- District:
- San Joaquin
Financial Details
HOA
None
Parcel Number
043-073-03
Directions
N Washington to E Elm St.
Affordability Calculator
$175,000
Estimated monthly payment
$4,657/mo
Principal $700,000 · Est. interest $976,562 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lodi, CA
- $611,628
- Median Listing Price
- 51
- Median Days on Market
- 1,874
- Median Sq Ft
- $323
- Median Price / Sq Ft
- 173
- Active Listings
- This home’s price is 43% above the area median.
- Its price per sq ft is 30% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lodi, CA.
Location
Points of Interest in Lodi, CA
Showing the Lodi area map.
Nearby Schools
Joe Serna Junior Charter
Elementary · 0.2 mi away
Lodi Adult School
School · 0.4 mi away
Lodi Unified School District
School · 0.4 mi away
Little Methodist Co-OP Preschool
School · 0.4 mi away
St. Annes School
Elementary · 0.5 mi away
Lawrence Elementary
Elementary · 0.6 mi away
Lodi Unified School District
School · 0.6 mi away
Heritage Elementary
Elementary · 0.6 mi away
Clyde W. Needham Elementary
Elementary · 0.7 mi away
Liberty High
Secondary · 0.8 mi away
George Washington Elementary
Elementary · 0.8 mi away
Lodi Unified School District
School · 1.0 mi away
Athena Preparatory
Secondary · 1.2 mi away
Lodi Academy
School · 1.2 mi away
Lodi Sda Elementary School
Elementary · 1.2 mi away
Bethel Open Bible Church
Elementary · 1.2 mi away
Lodi Unified School District
Elementary · 1.3 mi away
Lodi High School
Secondary · 1.3 mi away
Lakewood Elementary
Elementary · 1.3 mi away
Erma B. Reese Elementary
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 903 S Central Avenue, Lodi, CA | $950,000 | 9 | — | 3,600 |
Moving Cost Estimate
EXIT Agents in Lodi
Listing Courtesy: Michael A. De Ruosi III - 2094999979
Presented by: Cameron DeRuosi
CA DRE# 01520140. Kris Klair Broker
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