8685 E Stockton Boulevard, Elk Grove, CA 95624, Elk Grove, 95624 - 2 bed, 2 bath
ACTIVE$688,000
8685 E Stockton Boulevard, Elk Grove, CA 95624
2Beds
2Baths
1,116Sqft
31,668Lot
Year Built
1925
Close
-
List price
$688K
Original List price
-
Price/Sqft
$616
HOA
$0
Days on market
-
Sold On
-
MLS number
225150987
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $688.0K(72th), sqft - 1116(7th), beds - 2(3th), baths - 2(45th).
Investment opportunity! HUGE LOT .72, Zoned RD-30 HIGH DENSITY RESIDENTIAL. Rare opportunity. Freeway frontage. Easy access. Value is in the land and location. Bring your development dream to reality. Lots of options for extra income and privacy of the yard. Current rent collection, $4350/ month. Tenant loves property and willing to stay long term, but will move if necessary.
Price History
Date
Event
Price
12/11/25
Price Change
$688,000
12/31/20
Sold
$350,000
11/29/11
Sold
$116,000
Condition Rating
Tear down
The property was built in 1925, making it nearly 100 years old. The listing description explicitly states, 'Value is in the land and location' and the property analysis notes the existing structure 'may be considered a tear-down for a developer.' While the exterior shows some recent updates (siding, windows, roof), there are no interior images provided, which, combined with the strong emphasis on land value and redevelopment potential, indicates the existing structure is not a primary asset and is likely in a condition that warrants demolition for the highest and best use of the high-density residential zoned land.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31668, living area = 1116.
High-Density Residential Zoning: Zoned RD-30 (High-Density Residential), offering significant potential for multi-unit development or other high-density projects.
Exceptional Lot Size: A substantial 0.72-acre (31,668 sqft) lot provides ample space for redevelopment, expansion, or diverse land use.
Significant Rental Income: Generates immediate cash flow with current rent collection of $4,350/month, providing holding income during planning or development phases.
Strategic Location & Accessibility: Features freeway frontage and easy access, enhancing its appeal for development and future occupants/customers.
Development Opportunity: Explicitly marketed as an investment opportunity with value primarily in the land and location, inviting diverse development dreams.
Cons
Age of Existing Structure: Built in 1925, the current 1,116 sqft residence is likely outdated and may require substantial renovation or demolition for redevelopment, adding to initial costs.
Freeway Frontage Drawbacks: While offering accessibility, freeway frontage typically introduces noise pollution and potential privacy concerns, which could impact the desirability of future residential units.
Value in Land, Not Structure: The description emphasizes that 'Value is in the land and location,' indicating the existing structure contributes minimally to the property's overall value and may be considered a tear-down for a developer.