| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 6th | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 S Central Ave, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2016-10-25 |
| Transaction Price | $1,700,000 |
| Buyer | GOULART JOHN A |
| Seller | MONTELARO KATHRYN L |
1201 S Central Ave Lodi Multifamily Investment
This 20-unit property benefits from a high renter concentration neighborhood with 64.4% renter-occupied units, ranking 12th among 179 Stockton metro neighborhoods according to CRE market data from WDSuite.
Located in an inner suburb neighborhood of Lodi, this property sits within a market characterized by strong renter demand fundamentals. The neighborhood ranks 12th out of 179 Stockton metro neighborhoods for renter concentration, with 64.4% of housing units being renter-occupied—placing it in the 95th percentile nationally. This high renter share indicates a deep tenant base that supports multifamily demand stability.
Demographics within a 3-mile radius show a population of approximately 62,600 residents with household growth projections indicating a 36.3% increase in households by 2028. The forecast suggests renter pool expansion as median household incomes are expected to rise from $77,600 to $123,100, while renter-occupied units maintain steady levels. Current neighborhood-level occupancy stands at 86.7%, though this reflects broader market softness with a 5.6% decline over five years.
The property's 1987 construction year positions it as newer than the neighborhood average of 1950, potentially reducing near-term capital expenditure needs compared to older area stock. Home values averaging $332,600 with 67% growth over five years sustain rental demand by limiting ownership accessibility for many households. However, the rent-to-income ratio presents affordability considerations that may impact tenant retention and lease management strategies.
Amenity access varies significantly across categories. The area shows strong grocery store density at 2.55 per square mile, ranking 42nd metro-wide and reaching the 87th percentile nationally. Restaurant density also performs well with 12.73 establishments per square mile. However, gaps exist in childcare, pharmacy, and park amenities, which may affect tenant appeal for certain demographic segments.
The neighborhood demonstrates moderate safety metrics relative to the broader Stockton metro area. Crime statistics place the area at 69th out of 179 metro neighborhoods, positioning it in the 45th percentile nationally for overall safety conditions.
Property offense rates estimate approximately 360 incidents per year, ranking 52nd metro-wide and aligning with the 44th percentile nationally. Violent crime rates are notably lower, with an estimated 15 incidents per 100,000 residents annually, ranking 35th among metro neighborhoods and reaching the 64th percentile nationally. While recent trends show property crime declining by 7.8%, violent offense rates have increased, though from a relatively low baseline.
The regional employment base provides diverse anchor employers within commuting distance, supporting workforce housing demand through corporate offices and distribution operations.
- Clorox — consumer goods manufacturing (18.6 miles)
- DISH Network Distribution Center — telecommunications distribution (29.2 miles)
- International Paper — manufacturing operations (34.3 miles)
- Cardinal Health — healthcare distribution (34.6 miles)
- Xerox State Healthcare — healthcare services (36.2 miles)
This Lodi multifamily property presents an opportunity within a high-renter-concentration market, ranking in the top 7% of Stockton metro neighborhoods for renter-occupied units at 64.4%. The strong renter base supports tenant demand fundamentals, while the property's 1987 vintage positions it favorably against the neighborhood's 1950 average construction year, potentially reducing immediate capital requirements.
Demographic projections within a 3-mile radius indicate household growth of 36.3% by 2028, with median incomes expected to rise 58.7% to $123,100, according to multifamily property research data. However, current neighborhood-level occupancy at 86.7% reflects recent market softening, and elevated rent-to-income ratios may present lease management considerations that require active tenant retention strategies.
- High renter concentration at 64.4% ranks 12th among 179 metro neighborhoods, supporting tenant demand depth
- Projected 36.3% household growth and 58.7% income increase within 3-mile radius by 2028
- 1987 construction year newer than neighborhood average, potentially reducing near-term capital needs
- Elevated home values at $332,600 sustain rental demand by limiting ownership accessibility
- Risk: Current 86.7% neighborhood occupancy and high rent-to-income ratios may impact retention strategies