| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 29th | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1780 S Hutchins St, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | 2005-03-09 |
| Transaction Price | $2,850,000 |
| Buyer | MEDINA ELIAS |
| Seller | MENNONITE BRETHREN FOUNDATION |
1780 S Hutchins St Lodi Multifamily Investment
Stabilized renter demand and competitive neighborhood occupancy support consistent operations, according to WDSuite’s CRE market data. Positioning in Lodi’s urban core offers steady tenant depth with pragmatic cash-flow potential.
The property sits in Lodi’s Urban Core within the Stockton, CA metro, where neighborhood occupancy trends are competitive among 179 Stockton neighborhoods and restaurant and grocery access test well nationally. Restaurant and grocery density rank in the top quartile locally and around the 90th percentile nationally, supporting daily convenience and lease retention for renters. By contrast, parks, pharmacies, and cafes are sparse, so on-site amenities and unit finishes can play an outsized role in resident satisfaction.
With a neighborhood housing score in the top quartile among 179 metro neighborhoods, fundamentals compare favorably across Stockton peers. Median contract rents in the area sit above the national midpoint while the rent-to-income relationship indicates manageable affordability pressure, which can aid renewal rates. Home values rank around the 75th percentile nationally and the value-to-income ratio trends high, signaling a higher-cost ownership market that tends to reinforce reliance on multifamily rentals and support pricing power when supply is balanced.
Construction in the immediate area skews slightly older (average 1979), while the subject property’s 1985 vintage is newer than the neighborhood norm. That positioning can be competitive versus older stock, while still warranting targeted capital planning for systems and finishes to capture value-add upside. Renter concentration in the neighborhood is above average (majority renter-occupied units), pointing to a deeper tenant base and demand stability for multifamily operators.
Within a 3-mile radius, demographics show modest recent population growth and forecasts point to further population and household increases by 2028, supporting a larger tenant base and occupancy stability. Income distributions also trend upward in the outlook period, which, paired with rising but still contextually manageable rents, suggests room for disciplined rent optimizations without materially elevating retention risk based on commercial real estate analysis from WDSuite.
Safety indicators should be interpreted comparatively and over time. Recent trends show material year-over-year declines in both violent and property offenses, which is constructive for resident retention and leasing. Compared with neighborhoods nationwide, violent offense measures land in a higher safety tier (top decile nationally), and property offense levels are above the national average for safety. Operators should continue standard best practices and monitor local conditions, but the directional improvement supports stable operations.
Proximity to established corporate employers underpins workforce housing demand and commute convenience for residents, including roles in consumer products, logistics, paper/packaging, healthcare services, and government health administration.
- Clorox — consumer products (18.1 miles)
- DISH Network Distribution Center — logistics/distribution (29.5 miles)
- International Paper — paper & packaging (34.5 miles)
- Cardinal Health — healthcare distribution (34.9 miles)
- Xerox State Healthcare — healthcare services (36.4 miles)
This 30-unit, 1985-vintage asset offers an advantageous blend of occupancy stability and tenant demand drivers. Neighborhood occupancy is competitive among Stockton peers, and renter concentration is elevated, indicating a deeper tenant base. The property’s vintage is newer than the area’s average construction year (1979), positioning it well against older stock while leaving room for focused upgrades to unlock value-add upside. According to CRE market data from WDSuite, local rent-to-income dynamics suggest manageable affordability pressure, while elevated home values and a higher value-to-income ratio indicate a higher-cost ownership market that supports multifamily reliance.
Within a 3-mile radius, the population has grown modestly in recent years and is projected to expand further alongside incomes by 2028, supporting renter pool expansion and lease stability. The unit mix averages ample square footage for the market, which can aid retention and reduce turnover when paired with targeted modernization.
- Competitive neighborhood occupancy and elevated renter concentration support stable demand
- 1985 vintage sits newer than local average, with clear value-add and modernization pathways
- Higher-cost ownership market reinforces reliance on rentals and pricing power when supply is balanced
- 3-mile demographic outlook points to population and income growth, supporting occupancy stability
- Risks: limited nearby parks/cafes and ongoing safety monitoring; disciplined CapEx and amenity strategy recommended