| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 6th | Poor |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1220 S Stockton St, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1973 |
| Units | 26 |
| Transaction Date | 2000-09-27 |
| Transaction Price | $900,000 |
| Buyer | WATTS HARLIN ELLIS |
| Seller | VANDERLANS GERALD J |
1220 S Stockton St Lodi Multifamily Investment
High renter concentration and convenient access to daily-needs retail in the surrounding neighborhood point to a durable tenant base, according to WDSuite's CRE market data. Neighborhood metrics cited reflect area conditions, not property-level occupancy.
The property sits in Lodi's inner-suburban fabric of the Stockton metro, where daily conveniences are close at hand. Neighborhood grocery access ranks competitive among 179 Stockton neighborhoods and is in the top quartile nationally, while restaurant density is likewise competitive locally and high versus national peers. By contrast, parks, pharmacies, cafes, and childcare are sparse within the immediate neighborhood, which can modestly reduce lifestyle appeal for some renters but does not preclude steady demand for workforce housing.
Area housing dynamics lean strongly rental. The neighborhood's share of renter-occupied housing units is well above metro norms and in the top quartile nationally, indicating a deep tenant pool that can support leasing and renewal activity. However, the neighborhood's occupancy rate trends below the metro median, so operators should plan for active leasing and resident retention programs to maintain stability through cycles.
Vintage matters for positioning. With a 1973 construction date against an older neighborhood average stock from 1950, the asset is newer than much of its competitive set, which helps on functionality and curb appeal. Still, systems and finishes from this era may benefit from targeted modernization to strengthen competitive standing and unlock value-add upside.
Within a 3-mile radius, demographics show recent population growth with a projected increase in both population and households over the next five years, expanding the renter pool. Rising household incomes and contract rents at the 3-mile level support revenue prospects, but operators should monitor affordability pressure and calibrate rent-setting to sustain retention. Elevated home values in the neighborhood (high relative to incomes) point to a high-cost ownership market that tends to reinforce reliance on multifamily rentals, based on multifamily property research from WDSuite.
Safety indicators for the neighborhood are mixed but broadly competitive within the Stockton metro. Overall crime ranks competitive among 179 Stockton neighborhoods, with violent incident rates comparing above the national average and property-crime measures closer to national mid-range levels. Recent trends show a year-over-year uptick in violent incidents alongside a decline in property offenses, so underwriting should incorporate prudent security, lighting, and community engagement plans without assuming linear improvement.
Regional employers within commuting distance provide a diversified employment base that supports renter demand and retention, particularly for workforce housing tied to consumer products, logistics, healthcare distribution, and technology services.
- Clorox — consumer products (18.6 miles)
- DISH Network Distribution Center — logistics and distribution (29.1 miles)
- International Paper — packaging and paper products (34.2 miles)
- Cardinal Health — healthcare distribution (34.6 miles)
- Xerox State Healthcare — healthcare technology services (36.1 miles)
This 26-unit, 1973-vintage property offers exposure to a renter-heavy neighborhood with strong daily-needs access and a deep tenant base. Against older local stock, the asset's vintage provides a relative edge on functionality, while targeted upgrades can capture value-add upside and support leasing velocity in an area where neighborhood occupancy runs below the metro median.
Within a 3-mile radius, population growth and a projected increase in households point to a larger tenant base over the next five years, supporting occupancy stability and renewal prospects. Elevated ownership costs in the neighborhood context reinforce reliance on rentals, and rising incomes and rents support measured pricing power, according to commercial real estate analysis from WDSuite. Asset management should balance rent growth with affordability pressure to sustain retention.
- Newer-than-neighborhood vintage (1973) supports competitive positioning versus older local stock.
- High neighborhood renter-occupied share indicates a deep tenant pool for leasing and renewals.
- 3-mile demographics show growth in population and households, expanding long-term renter demand.
- Risks: neighborhood occupancy below metro median and mixed safety trends warrant proactive leasing, retention, and security planning.