1851 Lomita Avenue
Stockton, CA, 95204
$
599,000
Bedrooms3
Baths2.0
Sq
1,330
Monthly Estimate*
$
4,137
for $599,000 with 3 bedrooms and 2 full baths. This 1,330 square foot home was built in 1929 on a lot size of 0.1148.
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.
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Features
General
Sewer
Public Sewer
Heating
Central
Fireplace(s)
Cooling
Ceiling Fan(s)
Central
Utilities
Cable Available
Sewer In & Connected
Internet Available
Roof
Composition
Appliances
Free Standing Gas Range
Free Standing Refrigerator
Dishwasher
Microwave
Disposal
Unit 4 Rent
0
Unit 2 Rent
0
Unit 3 Rent
0
Unit 1 Rent
2300
HOA Fee
0
Garage Spaces
1.0
Construction Materials
Stucco
Frame
Year Built
1929
Stories Count
1
Property Subtype
Duplex
Elevation
0
County
San Joaquin
Property Type
Residential Income
HOA
N
Total Rooms
0
Close Price
0.0
Status
Active
Directions
I-5 to N Pershing
R on S Tuxedo
R on N Baker L on Bedford R on Lomita
City
Stockton
High School District
Stockton Unified
Zoning Description
RES
Open Parking Spaces
0.0
Number Of Units Total
2
MLS Area
20701
Lot Size Square Feet
5001.0
Carport Spaces
0.0
Property Condition
Updated/Remodeled
Standard Status
Active
Middle/Junior School District
Stockton Unified
Elementary School District
Stockton Unified
Year Built Source
Assessor Auto-Fill
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Interior
Basement
Partial
Flooring
Tile
Laminate
Total Stories
1
Furnished Units
Varies By Unit
Unit 1 Full Baths
1
Unit 2 Full Baths
1
Unit 3 Full Baths
0
Unit1Bedrooms
2
Unit3Bedrooms
0
Laundry Features
Other
Unit 1 Bedroom Units Total
0
Unit 2 Bedroom Units Total
1
Unit 3 Bedroom Units Total
0
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Exterior
Parking Features
Detached
Garage
Lot Features
Auto Sprinkler F&R
Water Source
Meter on Site
Public
Total Parking
0.0
Foundation Details
Raised
Number of Buildings
1
Lot Size Acres
0.1148
Lot Size Source
Assessor Auto-Fill
Covered Spaces
0.0
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* Excluded Features
List By
Real Broker Technologies
Broker
Affordability Calculator
- Monthly Principal & Interest
- $4,137
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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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Nearby
Multi-family listings in Stockton, CA
Average List Price
$741,803
Percent of Sale Price
24%
About Stockton, CA
307,034
Population
24%
Since 2002
$
46,193
Median Income
33.4
Median Age
38%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3193759
Elementary School
3193623
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
10/9/2026
|
$599,000
|
|
Listed Price
|