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$5,150,000

  • Sold
  • Closed
  • Multi-Family
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First Commercial Real Estate is pleased to present The Palms at Sheridan, a fully renovated 25-unit multifamily community located at 135 N Sheridan Avenue in Manteca, CA. This offering represents a rare opportunity to acquire a turn-key asset in the heart of one of San Joaquin County's most consistently performing rental submarkets. Originally constructed in 1965 and fully renovated in 2021, The Palms at Sheridan features a desirable unit mix of eight (8) one-bedroom units, fifteen (15) two-bedroom units, and two (2) three-bedroom units. Each unit has been thoughtfully updated, and the property boasts significant capital improvements including new plumbing, split HVAC systems, LED Lighting, and a new roof all completed during the renovation. The property is well-maintained and professionally managed, offering residents on-site laundry, ample parking, and a convenient central location with easy access to major thoroughfares including Highway 99, I-5, and CA-120. RUBS is already in place, enhancing operational efficiency and expense recovery. Situated in the growing city of Manteca, The Palms at Sheridan benefits from strong tenant demand, low vacancy, and proximity to key employment centers in Stockton, Modesto, and Tracy, as well as commutability to the Bay Area.

Full Property Details for 135 N Sheridan Ave

General

  • Sold For: $5,150,000
  • Status: Closed
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 225071408
  • Added to Site: 273 day(s) ago

Rental Information

  • Lease/Rent Term: Varies By Unit

Interior

  • Appliances: Free Standing Refrigerator, Free Standing Electric Oven
  • Flooring: Carpet, Vinyl

Rooms

Other Rooms

  • Laundry: Washer/Dryer Leased, In Common Area

Exterior

  • Exterior Features: Fenced Yard

Parking

  • Total Spaces: 25
  • Parking: Carport

Location

  • Area: 20502
  • County: San Joaquin
  • Cross Streets: E Yosemite Ave
  • Driving Directions: Traveling West on E Yosemite Ave Turn right onto Sheridan Ave. Property is on the left.

School Information

  • School District: San Joaquin
  • Elem School District: Manteca Unified
  • Midd School District: Manteca Unified
  • High School District: Manteca Unified

Heating & Cooling

  • Cooling Type: Ductless, Other
  • Heating Type: Ductless, Other

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: City, Electric, Other

Structural Information

  • Architectural Style: Two Story
  • Construction Status: Updated/Remodeled
  • Construction: Stucco, Wood
  • Foundation: Slab
  • Roof: Flat
  • Windows: Dual Pane Full
  • Stories/Levels: 2
  • Square Feet: 19,796
  • Sq. Ft. Source: Assessor Auto-Fill
  • Year Built: 1965

Unit Information

Unit 1

  • Bedrooms: 1

Unit 2

  • Bedrooms: 2

Unit 3

  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.8765
  • Lot Size (Sq. Ft.): 38,180
  • Irrigation System: Public District
  • Zoning: R3
  • Lot Description: Curb(s), Landscape Front

Financial Considerations

  • Tenant Pays: Rent Only, Sewer, Trash Collection, Water

Disclosures and Reports

  • Special Conditions: None
  • APN: 223-320-02

Listed and Sold by RCB Real Estate

Listing agent

— 135 N Sheridan Ave —

  • RCB Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 135 N Sheridan Ave

School District:Manteca Unified School District
NameGradesDistance
Lincoln Elementary School, Manteca, CA
750 East Yosemite Avenue, Manteca, CA 95336
K-80.1 mi
Manteca High School
450 East Yosemite Avenue, Manteca, CA 95336
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 135 N Sheridan Ave

Date
Details
Price
Change
Source
9/30/2025
Sold
$5,150,000
-2.74%
MLS
6/02/2025
Listed
$5,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by RCB Real Estate

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135 N Sheridan Avenue, Manteca, CA 95336 (MLS# 225071408) is a Multi-Family property that was sold at $5,150,000 on September 30, 2025. Want to learn more about 135 N Sheridan Avenue? Do you have questions about finding other Multi-Family real estate for sale in Manteca? You can browse all Manteca real estate or contact a Coldwell Banker agent to request more information.