$475,000 13438 East State Route 88 Highway Lockeford, CA

MLS: 19044015   Type: Commercial   County: San Joaquin   City: Lockeford   Zip: 95237     Stories: 1

Mortgage $2,230 /mo

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Three units on one APN. Commercial Building - Barber Shop (620 SF) $450/mo. 1-story Triplex (1,500 SF) East unit $575/mo 1-bdrm & 1-bath. Middle unit $575/mo Studio w/garage. West unit $595/mo Studio w/garage. 2-story Triplex (2,400 SF) A -Front unit $575/mo studio, B-Top unit $1,000/mo huge 1-bdrm & 1-bath w/enclosed porch, C-Back unit $895 1-bdrm & 1-bath. Total Income $4,640/mo. Monthly expenses: water/sewer $230, Dumpster $145, Insurance $143, Prop Taxes $412 Total expenses $930. Net Income $3710. GRM=10, CAP 8.5. 2-story Triplex includes newer roof-approximately 3-years. All 7 units are fully rented in downtown Historic city of Lockeford, CA. Older buildings, well maintained with low rents makes this property a good investment.

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Price History

6/21/2019 Listed $475,000

Air Refrig Wall Units
Amenities 1 Restroom Per Unit
Apn 019-020-29
Area 20903
Census Tract 47.01
Construction Frame
HOA MetroList Services, Inc.
Income None
Miscellaneous Other-Rmks, Other-Attch
Other Expenses Other-Rmks, Other-Attch
Property Description Three units on one APN. Commercial Building - Barber Shop (620 SF) $450/mo. 1-story Triplex (1
Property Subtype Mixed Use
Space 1 - # Yr Lease 0
Space 1 - $ / Sq Ft 0.00
Space 1 - Unit Sq Ft 0
Space 2 - # Yr Lease 0
Space 2 - $ / Sq Ft 0.00
Space 2 - Unit Sq Ft 0
Space 3 - # Yr Lease 0
Space 3 - $ / Sq Ft 0.00
Space 3 - Unit Sq Ft 0
Space 4 - $ / Sq Ft 0.00
Space 4 - Unit Sq Ft 0
Stories 1 Story, 2 Story
Tenant Pays Other-Rmks
USDA Month to Month
Year Built 0
Zoning Commercial

Interior Features

Flooring Carpet Partial, Carpet Wall to Wall, Tile, Wood Sub-Floor
Heating Furnace Wall
Total Units 7

Exterior Features

Door None
Exterior Frame
Parking +1 Space Per Unit, Carport
Roof Description Comp Shingle

Property Schools



Direct Link:

https://www.juliecosgroverealestate.com/property/47-19044015-13438-East-State-Route-88-Highway-Lockeford-CA-95237

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Property vs Zip Code Avg (95237)

Price 475K Avg 1.05M

Visits 11 Avg 22

Days on Site 88 Avg 140

Walkscore® 43 Avg 34

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Frank Jorgensen CalBRE# - 00664759 with Frank Jorgensen, Broker




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Location & Address

Julie Cosgrove Real Estate Professionals at Keller Williams Realty
3133 W. March Lane Suite 1060
Stockton, CA
209-337-3424
(209) 207-5605