| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 71st | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1516 Sylvan Way, Lodi, CA, 95242, US |
| Region / Metro | Lodi |
| Year of Construction | 1989 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1516 Sylvan Way Lodi Multifamily Investment
This 69-unit property sits in a neighborhood with high-income demographics and strong school ratings, positioning it favorably for tenant retention in the Stockton metro's competitive rental market.
This Inner Suburb neighborhood ranks 18th among 179 neighborhoods in the Stockton metro, earning an A rating based on comprehensive CRE market data from WDSuite. The area demonstrates strong fundamentals with median household income of $139,977 ranking in the top quartile among metro neighborhoods, while the 23.2% bachelor's degree attainment rate places it well above regional averages.
Built in 1989, this property aligns with the neighborhood's average construction year of 1988, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The neighborhood's rental housing comprises 39.3% of total units, providing a substantial tenant pool while maintaining occupancy rates of 92.7%.
Demographics within a 3-mile radius show a population of approximately 62,855 with projected growth to nearly 70,000 by 2028, supporting expanded renter demand. Current median contract rent of $1,409 in the broader area provides pricing context, while the neighborhood's median of $1,940 reflects premium positioning. School ratings average 4.0 out of 5, ranking 4th among metro neighborhoods and supporting family-oriented tenant appeal.
Amenity access includes moderate restaurant density and park availability, though grocery and pharmacy options are limited within the immediate vicinity. The rent-to-income ratio of 0.15 suggests affordability for target demographics, though investors should monitor how projected household income growth to $125,170 by 2028 affects renewal rates and pricing power.
Property crime rates in this neighborhood show improvement trends, with estimated rates declining 26.3% year-over-year, ranking in the 70th percentile nationally for crime reduction. The current property offense rate of 795 per 100,000 residents places the area at 92nd among 179 metro neighborhoods, indicating moderate crime levels compared to regional averages.
Violent crime remains relatively contained with an estimated rate of 16.8 per 100,000 residents, though this metric increased 42.8% over the past year. The neighborhood's overall crime ranking of 64th among metro areas suggests average safety conditions relative to the broader Stockton region, warranting standard security considerations for multifamily operations.
The property benefits from proximity to major corporate employers within the Central Valley corridor, providing workforce housing opportunities for commuting professionals.
- Clorox — consumer products manufacturing (18.4 miles)
- DISH Network Distribution Center — telecommunications logistics (29.1 miles)
- International Paper — industrial manufacturing (33.8 miles)
- Cardinal Health — healthcare distribution (34.4 miles)
- Ross Stores — retail corporate headquarters (42.6 miles) — HQ
This 69-unit property built in 1989 presents a value-add opportunity in a high-income Inner Suburb neighborhood that ranks in the top 10% of the Stockton metro. The area's median household income of $139,977 and strong school ratings support tenant quality and retention, while demographic projections show population growth from 62,855 to nearly 70,000 by 2028, expanding the potential renter pool.
According to commercial real estate analysis, the neighborhood maintains 92.7% occupancy with rental housing comprising 39.3% of total units, indicating balanced supply-demand dynamics. The 1989 construction year aligns with neighborhood averages, positioning the asset for strategic capital improvements that could capture rent premiums in this premium-positioned market where neighborhood rents average $1,940 compared to broader area medians of $1,409.
- High-income demographics with $139,977 median household income supporting premium rents
- Population growth projection to 70,000 by 2028 expanding tenant demand
- Value-add potential through strategic renovations in stable, A-rated neighborhood
- Strong school ratings (4.0/5) supporting family tenant retention
- Risk consideration: Limited immediate amenity access may require tenant retention strategies