| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1036 S Garfield St, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1974 |
| Units | 60 |
| Transaction Date | 2000-06-15 |
| Transaction Price | $579,000 |
| Buyer | LODI HUTCHINS STREET ASSOCIATES LP |
| Seller | GFLIP III LTD PTP |
1036 S Garfield St Lodi Multifamily Investment Opportunity
This 60-unit property benefits from strong neighborhood-level occupancy at 95.4% and a rental-heavy housing market with 67% of units occupied by renters. According to CRE market data from WDSuite, the area demonstrates solid fundamentals for multifamily investors seeking stable cash flow in California's Central Valley.
Located in Lodi's inner suburb environment, this neighborhood demonstrates strong rental market fundamentals with occupancy rates at 95.4%, ranking in the top quartile among 179 metro neighborhoods. The area maintains a rental-heavy housing profile with 66.8% of units occupied by renters, creating a deep tenant pool for multifamily properties. Contract rents average $1,170 with moderate growth of 52% over five years, reflecting steady demand without overheating.
Demographics within a 3-mile radius show a population of approximately 61,000 with projected growth to nearly 65,000 by 2028. Household income averages $76,500 currently, with forecasts indicating growth to $120,900 over the next five years. This income trajectory supports rental demand while maintaining affordability, as current rent-to-income ratios remain manageable at 20%.
The property's 1974 construction year aligns with the neighborhood average vintage of 1960, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and capture rent premiums. Home values averaging $319,000 with 94% appreciation over five years create elevated ownership costs that reinforce rental demand and support tenant retention in the multifamily market.
Amenity access varies across categories, with strong restaurant density ranking in the 94th percentile nationally, while other services like childcare and parks show limited nearby options. The neighborhood's overall C rating reflects mixed fundamentals that experienced investors can evaluate for repositioning potential and long-term value creation strategies.
Property crime rates in this neighborhood rank 108th among 179 metro neighborhoods, with recent trends showing improvement as property offense rates declined 30% over the past year. This positive trajectory places the area in the 74th percentile nationally for crime reduction, indicating strengthening security conditions that can support tenant retention and property values.
Violent crime remains relatively contained with rates of 64 incidents per 100,000 residents, ranking in the middle tier of metro neighborhoods. The 40% year-over-year decline in violent offenses demonstrates improving safety dynamics that multifamily investors should monitor as a positive trend for long-term property performance and resident satisfaction.
The Central Valley employment base includes several major corporate offices within reasonable commuting distance, supporting workforce housing demand for multifamily properties in the Lodi area.
- Clorox — consumer products manufacturing (18.8 miles)
- DISH Network Distribution Center — telecommunications logistics (29.1 miles)
- International Paper — industrial manufacturing (34.3 miles)
- Cardinal Health — healthcare services (34.5 miles)
- Intel Folsom FM5 — technology manufacturing (36.5 miles)
This 60-unit property built in 1974 offers investors exposure to a rental-heavy market with 95.4% neighborhood occupancy and strong tenant retention dynamics. The vintage construction presents value-add renovation opportunities to capture rent premiums while benefiting from established demand fundamentals. Population growth projections within a 3-mile radius indicate expansion from 61,000 to nearly 65,000 residents by 2028, supporting a larger tenant base for sustained occupancy performance.
Income growth forecasts showing median household earnings rising from $76,500 to $120,900 over five years provide a favorable backdrop for rent growth potential while maintaining affordability dynamics. Home values averaging $319,000 with significant appreciation create elevated ownership costs that reinforce rental demand and support multifamily positioning in the market.
- Strong neighborhood occupancy at 95.4% demonstrates proven rental demand
- Rental-heavy housing market with 67% renter occupancy supports tenant pool depth
- Population growth projections indicate expanding renter base through 2028
- 1974 vintage offers value-add renovation potential for rent optimization
- Limited nearby amenities may require active property management and tenant retention strategies