Sold

Sold

Sold on Sep 3, 2026 for $875,000

220 E Elm St, Lodi, CA 95240

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4,982 sqft · $176/sqft · 0.14 acres

Sq Ft: 4,982
Per sq ft: $176
Acre lot: 0.14

Residential Income · Multi Family · Built 1969

Description

5 Units. x4 2BD/1BA. x1 1BD/1BA. Current Cap Rate ~7.6%. Pro Forma Cap Rate ~9.2%. 100% Occupancy. This investment property is just one block from Main Street in the heart of Downtown Lodi. The property consists of four spacious two-bedroom, one-bath units of approximately 1,100 square feet each with large, condo-style layouts, plus one one-bedroom, one-bath unit w/ coin operated laundry facilities on-site. Clean, well-maintained building with long-term tenants providing stable occupancy. Rents are currently below market, creating clear upside potential through future rent adjustments. Prime walkable location near Downtown Lodi's shops, restaurants, wine bars, nightlife, and entertainment. Rent roll and expense sheets available upon request or attached to MLS listing. Income and expense figures reflect the current owner's operation of the property.

Agent & source

Listed by: Cameron M DeRuosi
Brokerage: Michael A. De Ruosi III
DRE: #02165484
Bought with: Danny M. Tejeda
Phone: (209) 499-9979
Email: [email protected]

MLS # 226031072 Source MetroList Services

Property details

Rooms & Layout

Levels

One

Laundry

Coin Operated

Property Features

Lot features

Corner, Sidewalk

Building & Construction

Architectural Style

Contemporary

Construction Materials

Brick, Stucco, Wood

Foundation

Concrete

Exterior & Parking

Parking

Covered

Interior & Comfort

Heating

Wall Furnace

Cooling

Ceiling Fan(s), Wall Unit(s), Window Unit(s)

Flooring

Carpet, Vinyl

Utilities

Water Source

Meter on Site

Sewer

Public Sewer

Cable Available, Sewer Connected, Natural Gas Connected

Irrigation

Meter on Site

Nearby

Active Pending Closed Rental

Elementary: Lodi Unified District
Middle: Lodi Unified District
High: Lodi Unified District

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