Property Overview:
301 W 3rd St is a multi-family property (duplex) in Stockton, CA 95206. The offering includes 2 houses on 1 lot, each with 3 bedrooms and 1 bathroom, both individually metered for utilities. The deal also comes with an additional buildable lot next door. Each unit is currently rented for $1,300/month. The property sits on a 7,975 sq. ft. lot. The estimated market value is $300,400.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 15.7% (higher than state average of 11.8%).
- Property crime risk: 11% (higher than state average of 10.8%).
- Overall crime risk: Moderately high.
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Schools:
Nearby schools include Dolores Huerta Elementary, Edison High, and Hazelton Elementary.- Average SAT score: 979 (slightly above state average of 975).
- Schools are rated below average.
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Job Market:
- 72.9% blue-collar jobs, 27.1% white-collar jobs.
- Unemployment rate: 12.2% (higher than state average of 4.7%).
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Demographics:
- Community population: 40,512 (15% growth since 2000).
- 79% families with children.
- Largest age group: 25-34 years (13.9%).
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Natural Disaster Risk:
- High earthquake risk, moderate flood risk, very low tornado risk.
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Weather:
- Average temperature: 45.8°F (January), 73.8°F (July).
- Average rainfall: 16.8 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $34,950.
- Average annual spending: $34,216.
Property Features:
- 2 separate houses on one lot, both 3 bed/1 bath.
- Individually metered for water, sewer, garbage, and power.
- Additional buildable lot included.
- Current rental income: $2,600/month total.
- Parking garage on site.
- Investment opportunity: Seller motivated to free up capital.
Location Benefits:
- Investment potential with multiple units and additional lot.
- Family-oriented community with a growing population.
- Convenient access to local amenities and schools.
- High rental demand due to family demographics.