Below Market Rents in Downtown Lodi | $155k per Unit

The Church Street Apartments present an attractive investment opportunity with strong value-add potential in one of Lodi’s most desirable locations. The 9-unit community is situated along the quaint section of Church Street, just a short walk from Lodi’s renowned Historic Downtown district, providing residents with convenient access to local shops, restaurants, entertainment, and community events. The area is also surrounded by Lodi’s celebrated wineries and tasting rooms, adding to the appeal of this established and highly desirable neighborhood. The property consists of eight spacious 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, offering a highly desirable unit mix.

Significantly below-market rents provide a clear opportunity for an investor to increase rental income and unlock future upside. Recent capital improvements, including all-new electrical subpanels installed in 2024, help limit near-term capital needs, while the fully cemented driveway and parking lot provide a durable, low-maintenance amenity for residents and ownership. Combining a walkable Downtown Lodi location, proximity to renowned wineries and tasting rooms, below-market rents, recent electrical upgrades, and a manageable 9-unit scale, the Church Street Apartments offer an appealing blend of current stability and long-term upside.