Property Listing No Longer Available for Sale

39 Gateway Court, Stockton, CA

Multi-family for Sale - $8,550,000 - 118,258 Sq. Ft. on 5.37 acres

Property Info

  39 Gateway Court
  Stockton CA 95207
UpdatedJune 10th, 2016
Building118,258 Sq. Ft.
Land5.37 acres

Property Description

Adobe Hacienda Apartments is a 171 unit community located at 39 Gateway Ct. in Stockton, Ca. Adobe Hacienda has an attractive unit mix of 1 Bedroom and 2 Bedroom Townhouses. The community is comprised of (71) 1 Bed/1 Bath, (51) 1 Bed/1 Bath Townhomes, and (49) 2 Bed/1.5 Bath Townhomes. The Two Bedroom units all have Central HVAC and are separately metered for electric/gas. All the remaining units have wall furnace heat and forced air units. Each unit is equipped with a gas stove and refrigerator. All the 1B/1B units are on one single master gas meter.

The community features amenities such as a professional leasing office, (3) onsite laundry facilities, (2) gated swimming pools; newly installed video surveillance system; and patios or balconies for each unit.

Adobe Hacienda Apartments is centrally located between I5/Hwy 99 and walking distance to Weberstown/Sherwood National Anchored Power Centers plus Delta Jr. College (largest in San Joaquin County). The majority of the apartments immediately surrounding Adobe Hacienda have been completely renovated by the City of Stockton through the National Stabilization Program (NSP). The improvements have increased the desirability of the area for tenants which has stabilized plus increased rents and occupancy. Adobe Hacienda historically remains at high market rents and has more rental upside potential once fully renovated by a new owner.

Location Description:

Adobe Hacienda is walking distance to Weberstown and Sherwood Malls which feature Anchored Retailers such as Dillard's, Sears, JC Penny's, Macy's, Best Buy, Dick's Sporting Goods, Starbucks, Target, and many more. Adobe Hacienda is also a short driving distance to the University of the Pacific and Delta Jr. College.

Adobe Hacienda has high visibility signage from March Lane which is one of the main traffic arteries through Stockton that acts as the connector between I5 and Highway 99.


>> Primarily Town Home units

>> Spacious Floor Plans

>> Excellent unit mix of 2 Bed and 1 Bed

>> Each unit has either a fenced patio or balcony

>> 100% Occupancy and strong market rents

>> Continued Rent Increases

>> Close to major Anchored commercial amenities and malls

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