REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Deb Brittan

deb@debbrittan.com +1(916) 932-6693

$ 599,000

Est. payment | -/mo

3 Beds

2 Baths

1,330 SqFt

Save

$ 599,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,330 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,330 sqft

Price per Sqft $450

MLS Listing ID 226108990

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1929

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Single Family Residence

Source MLS Metrolist

Property Description

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.

Location

State CA

County San Joaquin

Area 20701

Direction I-5 to N Pershing, R on S Tuxedo, R on N Baker L on Bedford R on Lomita

Rooms

Basement Partial

Guest Accommodations Yes

Living Room Great Room

Dining Room Formal Room

Kitchen Breakfast Area, Slab Counter

Interior

Heating Central

Cooling Ceiling Fan(s), Central

Flooring Laminate, Tile

Fireplaces Number 1

Fireplaces Type Living Room, Wood Burning

Appliance Free Standing Gas Range, Free Standing Refrigerator, Dishwasher, Disposal, Microwave

Laundry None

Exterior

Parking Features Detached, Garage Facing Front

Garage Spaces 1.0

Fence Back Yard, Full

Utilities Available Cable Available, Public, Internet Available

Roof Type Composition

Private Pool No

Building

Lot Description Auto Sprinkler F&R

Story 1

Foundation Raised

Sewer Public Sewer

Water Public

Schools

Elementary Schools Stockton Unified

Middle Schools Stockton Unified

High Schools Stockton Unified

School District San Joaquin

Others

Senior Community No

Tax ID 137-041-06

Special Listing Condition None, Other

Pets Allowed Yes

Listed by Real Broker Technologies

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 932-6693

deb@debbrittan.com

1851 Lomita AVE Stockton, CA 95204