1617 N El Dorado St Stockton, CA 95204

Introducing a well-maintained, income-producing four-plex located in one of Stockton's most desirable and walkable neighborhoods it just moments from Miracle Mile, Downtown Stockton, and the University of the Pacific (UOP). This charming property blends timeless 1920s character with thoughtful modern updates, offering both lifestyle appeal and strong investment fundamentals. Residents enjoy the convenience of being within walking distance to a vibrant mix of restaurants including Japanese,Laotian,Thai, Chinese, Korean, Greek, Hispanic, and classic American cuisine along with boutique shops, coffee houses, ice cream spots, and local breweries. The fully occupied property features four spacious units, each with functional layouts designed for comfortable living. The two upstairs units are occupied by long-term tenants and offer generous living spaces, including separate living and family rooms and well-sized kitchens. The two downstairs units have been tastefully updated. Unit 1617 is a beautifully renovated two-bedroom featuring a modern kitchen and bathroom, new flooring, updated lighting, and refreshed finishes throughout. Unit 1623 offers a spacious two-bedroom layout with newer flooring, countertops, appliances, updated lighting and fans, and a cozy bedroom with a fireplace. Both lower units enjoy access to a welcoming covered front porch. With a current monthly income of $5,489 and annual gross income of $65,868, this property provides immediate cash flow. Priced at $729,999, it reflects a competitive GRM of 11.08. Whether you're a seasoned investor or looking to expand your portfolio, this four-plex offers a rare combination of location, stability, strong rental and long-term upside in a highly desirable rental corridor.