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980 Indiana ST Woodbridge, CA 95258
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Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,283 sqft
Price per Sqft $700
MLS Listing ID 224117301
Sold Date 12/13/24
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1993
Lot Size 1.060 Acres
Acres 1.06
Lot Dimensions See APN Printouts
Property Description
Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.6 MILLION. Total Current income is $201,600 With a current GRM of 7.93! 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 $2500 a month for the shop since the seller is currently using it,but it can be delivered vacant.
Location
State CA
County San Joaquin
Area 20901
Direction from 99 or 5 Take Turner Road to Lower Sacramento Road and then Left onto Indiana Street
Rooms
Basement None
Interior
Heating Central, Varies by Unit
Cooling Central, Varies by Unit
Flooring Carpet, Laminate, Vinyl, Linoleum, Varies by Unit
Window Features Dual Pane Full,Varies by Unit
Appliance Dishwasher, Varies By Unit, Free Standing Electric Range
Laundry Varies by Unit, Washer/Dryer Hookups
Exterior
Parking Features Garage, Varies by Unit
Garage Spaces 10.0
Carport Spaces 1
Utilities Available Natural Gas Connected, Electric
Water Access Desc Public
View City, Varies by Unit
Roof Type Composition
Topography Level
Accessibility None
Handicap Access None
Porch Uncovered Patio, Covered Patio, Varies by Unit
Total Parking Spaces 19
Building
Lot Description Shape Irregular, Curbs/Gutters, Landscape Back, Landscape Front
Story 1
Foundation Raised, Slab
Sewer In & Connected
Water Public
Architectural Style Ranch, Contemporary, Cottage
Level or Stories One
Schools
Elementary Schools Lodi Unified
Middle Schools Lodi Unified
High Schools Lodi Unified
School District San Joaquin
Others
Senior Community No
Tax ID 015-160-04
Special Listing Condition None
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Bought with eXp Realty of California Inc
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