Active
315 E Elm St
LODI CA, 95240
$1,125,000
$730.52 per sqft
Active
6 Beds
6 Baths
1,540 sqft
Multi-family
Built in 1947
6.2% Cap Rate! Welcome to the ultimate investment opportunity at 315 1/2 E Elm St, Lodi, CA 95240! This stunning 6-unit residential income property recently renovated, offers a prime location and comfortable amenities designed for a comfort living. Each of the six units is comprised of one bedroom and one bathroom between 250-300 square feet, featuring engineered wood flooring, brand new kitchens and baths with all new appliances, and contemporary fixtures. The property's exterior shines with fresh paint, a newly repaired roof, and new dual-pane windows. Security is top-notch with an automatic iron gate, new security wood fence, and six 24/7 surveillance cameras. Additional income is generated by the on-site laundry room, newly built and fully equipped. The beautiful Arizona-style landscaping, two-tone stamped concrete, and decorative exterior rocks enhance the curb appeal. Each unit is fitted with individual electrical meters, split heater and AC systems, redesigned floor plans, granite shower kits, and stone doorsteps. The extensive renovations, completed with architect plans, permits, and city inspections, ensure a hassle-free investment with long-term value. Lodi, renowned as a gem of California's wine country, offers an unparalleled living experience. The city boasts over 85 award-winning wineries, providing endless opportunities for wine tasting and vineyard tours. Residents and visitors alike can enjoy a variety of outdoor activities, including peaceful paddles on Lodi Lake, scenic bike rides through the vineyards, and exploring the Micke Grove Regional Park, which features a zoo, Japanese garden, and historical museum?. Lodi s vibrant downtown area offers an array of dining, shopping, and entertainment options. Cultural attractions like the Hill House Museum and World of Wonders Science Museum add to the city's charm, while events at Hutchins Street Square provide a lively community atmosphere?. Drive by the property, located off N Washington St between Locust St & E. Elm St, to see this remarkable investment opportunity for yourself. Don't miss out on owning a turnkey, income-generating property in one of California's most charming cities. Call today to learn more!
NDP2405921MR
MLSⓇ ID
July 6, 2024
Listed
August 30, 2024
Updated
Map
315 E Elm St
LODI CA, 95240
Interior Features
Total Stories
1
Bedrooms
6
Total Bathrooms
6
Appliances
Community, Dishwasher, Dryer, Dryer Included, Freezer, Microwave, Refrigerator, Room, Washer, Washer Included
Laundry Description
Community, Dryer, Dryer Included, Room, Washer, Washer Included
Fireplace
No
Cooling
Yes
Cooling Description
Central, Gas
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.12 Acres
Sewer
Other
Other Property Details
Area Name
Out of Area
Days on Market
54
Garage
No
Parking
Assigned
Parking Total
6
View
No
County
San Joaquin
Water Source
See Remarks
Pool
No
Pool Features
None
Zoning
Apartment House 5+ Units
Listing History
Date | Event | Price |
---|---|---|
8/30/2024 | Price change | $1,125,000 -6% |
Listed by Ava Khamooshi with AK Broker
Listing Contact: 858-290-7242
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor NDA Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/30/2024