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980 Indiana Street Woodbridge, CA $ 1,850,000
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980 Indiana Street
$ 1,850,000
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980 Indiana Street

Woodbridge, CA, 95258
$ 1,850,000
Baths0.0

Monthly Estimate*

$ 12,296

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Studio

Multi-Family Home for sale in Woodbridge, CA

for $1,850,000. This home was built in 1993 on a lot size of 1.06.

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!

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Ranch,Contemporary,Cottage

Lot Size

1.06

Year Built

1993

Town/City

Woodbridge

County/Region

San Joaquin

MLS | Web ID

224046397
Features
General
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
HOA 0
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
Property SubType 5 or More Units
Elevation 0
Accessibility None
County San Joaquin
Property Type ResidentialIncome
HOA / Comm Assn N
Total Rooms 0
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
Buyer Agent Compensation Type Percent
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Interior
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
Window Features Dual Pane Full Varies by Unit
Street Suffix Street
Laundry Features Varies by Unit Washer/Dryer Hookups
Unit 1 Bedroom Units Total 0
Unit 2 Bedroom Units Total 6
Unit 3 Bedroom Units Total 1
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Exterior
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
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Internal Only
Street Number 1 980
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* Excluded Features
List By
Exp Realty Of California Inc

Broker

ronjbenning@gmail.com

Email

Affordability Calculator

$12,296
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,296
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
3193608 Elementary School
3193680 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
5/22/2024 $1,850,000 -2.63% Price Down
5/3/2024 $1,900,000 Listed Price

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980 Indiana Street, Woodbridge, CA, 95258 is a Multi-Family Home for sale at $1,850,000 with a lot size of 1.06. 980 Indiana Street is a studio with 0.0 baths and was built in 1993. The property's zip code is 95258 which is in Woodbridge, CA

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