Unique investment opportunity featuring 22 upgraded units with significant improvements already completed. Each unit offers updated interiors, modern flooring, fresh paint, upgraded kitchen areas, and individual split-system heating and air conditioning. The property also features two large commercial kitchens, an on-site laundry facility, gym, and manager's office. Conveniently located near Highway 99 with easy access to shopping, restaurants, transportation, and other amenities. This versatile property offers an investor multiple potential income strategies, including continued hospitality operations, long-term rental possibilities, or future redevelopment, subject to applicable zoning, licensing, and governmental approvals. Seller financing may be considered with acceptable terms. An excellent opportunity for an investor seeking a multi-unit property with extensive improvements already in place and additional value-add potential. Buyer to independently verify permitted uses, unit configuration, income potential, and all property information.
Fair Oaks, located between the Miracle Mile corridor and the Calaveras River, is a residential and civic Stockton neighborhood with mid-century streetscapes and a leafy, park-lined feel. The neighborhood’s character concentrates around the activity on Pacific Avenue near the Miracle Mile, where independent eateries, coffee counters, and small storefronts keep the sidewalks active. Architectural cues lean toward ranch homes and tidy postwar infill, with mature trees softening wide residential blocks. The Haggin Museum and Victory Park set a cultural, green backdrop for afternoons outdoors. Stockton Arena and the Bob Hope Theatre add a downtown-leaning arts-and-events pulse a short drive away.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Entry on the first level
Attached property with 2+ common walls
No ADU
Bedrooms
Total of 22 bedrooms across the property (multi-unit)
Laundry & utility
Laundry available in an individual laundry room
Exterior features
No pool
Lot features: 21–25 units per acre
Neighborhood has gutters, curbs, street lighting, storm drains and sidewalks
Home design
Single-story building
Attached multi-unit property
Parking
25 uncovered parking spaces (total 25 spaces)
Construction
One building containing all units
Total building area approximately 4,898
Utilities
Water provided by a district/public system
Sewer: septic (type unknown)
Financial info
Rent control applies
Total of 25 rental units
Typical unit rent example listed: $1,200 (unit-level actual rent)
Total monthly rent shown: $26,400
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Multi-Family (5+ Unit)
County
San Joaquin County
APN
173020055
Parking Spaces
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Basement
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Accessible
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Last updated by owner on Sep 30, 2026.
C-G
General Commercial Zone
The General Commercial Zone is intended to provide for commercial areas that offer a wide variety of specialized retail and service uses and offices that are normally developed as separate individual entities rather than as part of a shopping center or business complex, serve urban communities or regional markets, and require relatively large amounts of land. This zone implements the General Commercial land use designation of the General Plan.
Permitted uses
Include but are not limited to:
Garden center
Infrastructure
Agriculture-Cropland
Historical weather
Stockton, CA • 95205
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Sun exposure
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Redfin Estimate for 1506 S Mariposa
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