Share this with your friends
+12097657860
HomeSmart PV & Associates
1851 Lomita Avenue, Stockton, CA 95204
- $599,000
- 3
- BD
- 2
- BA
- 1,330
- SqFt
- List Price
- $599,000
- MLS#
- 226108990
- Status
- ACTIVE
- Bedrooms
- 3
- Bathrooms
- 2
- Living Sq. Ft
- 1,330
- Square Footage
- 1330
- Type
- Single Family Residential
- Zip
- 95204
- City
- Stockton
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.
/u.realgeeks.media/homes209/Matthew_Saatlou_Logo_V1_Final_website_grey.png){kind=logo}
Additional Information
- Land Area (Acres)
- 0.1148
- Year Built
- 1929
- Subtype
- Single Family Residence
- Subtype Description
- Custom, Detached
- Construction
- Stucco, Frame, Wood
- Foundation
- Raised
- Stories
- 1
- Garage Spaces
- 1
- Garage
- Detached, Garage Facing Front
- Baths Other
- Tub w/Shower Over
- Floor Coverings
- Laminate, Tile
- Laundry Description
- None
- Dining Description
- Formal Room
- Kitchen Description
- Breakfast Area, Slab Counter
- Kitchen Appliances
- Free Standing Gas Range, Free Standing Refrigerator, Dishwasher, Disposal, Microwave
- Number of Fireplaces
- 1
- Fireplace Description
- Living Room, Wood Burning
- Cooling
- Ceiling Fan(s), Central
- Heat
- Central
- Water
- Public
- Utilities
- Cable Available, Public, Internet Available
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Real Broker Technologies.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .