$515,000
Excellent Investment Opportunity with Long-Term Tenant in Place! Don't miss this rare opportunity to acquire an income-producing property with a stable tenant already in place. Located at 2638 Monte Diablo Avenue in Stockton, this spacious 6-bedroom, 2-bath home offers approximately 2,480 square feet of living space and is currently leased to a sober living operator through September 30, 2026, generating $2,951.50 per month in rental income. Situated on a generous 10,367 square foot lot, the property offers significant upside potential. The expansive lot provides ample space for a potential Accessory Dwelling Unit (ADU), creating an opportunity for additional rental income and increased property value (buyer to verify development requirements with the City of Stockton). The home's functional layout, large bedroom count, and established use as a sober living residence make it attractive to investors seeking strong cash flow and long-term rental demand. It could also be an ideal property for a large or multi-generational family, offering abundant living space, room for gatherings, and ample outdoor area. The oversized lot provides potential RV parking, boat parking, and additional vehicle storage, a rare feature in today's market. For boating enthusiasts, the property is conveniently located less than one mile from a public boat launch, providing easy access to the Delta waterways for fishing, boating, and recreation. Conveniently located near schools, shopping, public transportation, and major commuter routes, this property combines immediate income with future development potential.
6
Beds
⋅
2
Baths
⋅
2,480
SqFt.
⋅
226073287
MLS
2638 Monte Diablo Avenue, Stockton
Listing courtesy of Carlson Hull, Realty.
