Address
980 Indiana Street, Woodbridge, CA
Price
$ 1,900,000
Property Attributes
- MLS#224046397
- TypeIncome
- CountySAN JOAQUIN
- CityWoodbridge
- AreaWoodbridge
- Zip95258
- StyleRanch,Contemporary,Cottage
- Price$ 1,900,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.06 Acres
Data Source:
MetroList MLS
Property Description
Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.9 MILLION. Total Current income is $173,400 With a current GRM of 10.95! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments) : 1 Triplex , 1 Duplex, 2 single Family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft. The final building in the portfolio is a large Tradesman Shop that is approximately 1900 sqft with a office and large door that opens to accommodate larger items. The shop also has a large fence in storage yard. That can easily accommodate more than a dozen vehicles or storage for a business or the new owner. (See attachments for a current rent roll and Market Rent Report that suggests plenty of additional upside potential) On the rent roll we have penciled in $1000 a month for the shop since the seller is willing to rent back for 6 months, but it was previously rented at $2500 a month. At full market rents for all units and the shop we see an annual gross income of over $200,000 per year and a GRM in the high 8's!
| Price History | |
|---|---|
| 5/3/2024 | Listed $1,900,000 |
General Features
| Sewer | In & Connected |
|---|---|
| Heating | Central,Varies by Unit |
| Cooling | Central,Varies by Unit |
| Utilities | Natural Gas Connected,Electric |
| Roof | Composition |
| Appliances | Dishwasher,Varies By Unit,Free Standing Electric Range |
| Unit 4 Rent | 2000 |
| Unit 2 Rent | 2000 |
| Unit 3 Rent | 2385 |
| Unit 1 Rent | 2000 |
| Garage Spaces | 10.0 |
| Patio/Porch Features | Uncovered Patio,Covered Patio,Varies by Unit |
| Architectural Style | Ranch,Contemporary,Cottage |
| Construction Materials | Metal Siding,Stucco,Wood,Wood Siding |
| Year Built | 1993 |
| Electric | 220 Volts |
| Tenant Pays | Electricity,Gas |
| View | City,Varies by Unit |
| Stories | 1 |
| Topography | Level |
| Levels | One |
| Loading | Delivery Door |
| Property SubType | 5 or More Units |
| Accessibility | None |
| County | San Joaquin |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | from 99 or 5 Take Turner Road to Lower Sacramento Road and then Left onto Indiana Street |
| City | Woodbridge |
| Buyer Agent Compensation | 2 |
| High School District | Lodi Unified |
| Zoning Description | Varies by APN (see attchements for APN printouts |
| Open Parking Spaces | 8.0 |
| Total Units | 8 |
| MLS Area | 20901 |
| Lot Size Square Feet | 46174.0 |
| Carport Spaces | 1.0 |
| Street Name | Indiana |
| Property Condition | Updated/Remodeled,Varies by Unit |
| Ok to Lease | Lease/Month to Month Mix |
| Standard Status | Active |
| Middle/Junior School District | Lodi Unified |
| Elementary School District | Lodi Unified |
| Year Built Source | Assessor Agent-Fill |
| UnitTypeCommercialUnitsTotal | 1 |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Basement | None |
|---|---|
| Flooring | Carpet,Laminate,Vinyl,Linoleum,Varies by Unit |
| Total Stories | 1 |
| Unit 1 Full Baths | 1 |
| Unit 2 Full Baths | 1 |
| Unit 3 Full Baths | 1 |
| Unit1Bedrooms | 2 |
| Unit2Bedrooms | 2 |
| Unit3Bedrooms | 3 |
| Unit4Bedrooms | 2 |
| Window Features | Dual Pane Full,Varies by Unit |
| Street Suffix | Street |
| OtherUnits | Detached Cottage,Office(s) |
| Laundry Features | Varies by Unit,Washer/Dryer Hookups |
| Unit 2 Bedroom Units Total | 6 |
| Unit 3 Bedroom Units Total | 1 |
| UnitTypeStudioUnitsTotal | 1 |
Exterior Features
| Parking Features | Garage,Varies by Unit |
|---|---|
| Lot Features | Shape Irregular,Curbs/Gutters,Landscape Back,Landscape Front |
| Water Source | Public |
| Total Parking | 19.0 |
| Foundation Details | Raised,Slab |
| Number of Buildings | 6 |
| Lot Dimensions | See APN Printouts |
| Lot Size Acres | 1.06 |
| Lot Size Source | Verified |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95258
Price
Visits
Year Built
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: May 22, 2024 12:23 PM UTC 