| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 29th | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1826 S Hutchins St, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1973 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1826 S Hutchins St Lodi Multifamily Investment
Neighborhood occupancy remains resilient and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 52-unit asset in Lodi. Figures cited reflect neighborhood conditions rather than property-specific performance.
Located in Lodi’s Urban Core, the property benefits from neighborhood-level occupancy near the top quartile nationally and competitive among 179 Stockton metro neighborhoods. This backdrop supports steady leasing, with rents positioned around the 75th percentile nationally and a rent-to-income profile that suggests manageable affordability pressures for renewal strategies.
Tenant depth is reinforced by a high share of renter-occupied housing units (about the 91st percentile nationally), indicating a broad base of households relying on multifamily options. In a 3-mile radius, population has been stable and is projected to grow alongside rising household incomes, which can expand the renter pool and support occupancy stability. These dynamics align with investor priorities commonly evaluated in commercial real estate analysis.
Local amenities skew practical: grocery and restaurant densities rank around the 91st percentile nationally, aiding everyday convenience, while parks, pharmacies, and cafes are relatively limited. Median home values are elevated for the area, a high-cost ownership context that can sustain rental housing reliance and bolster retention for well-positioned assets.
Safety indicators point to encouraging year-over-year momentum at the neighborhood level. Violent-offense rates are strong on a national basis (top decile nationally), while property-offense measures trend closer to mid-to-better ranges. According to WDSuite’s data, both violent and property offenses have declined sharply over the past year, improving the local operating picture for resident retention and leasing stability.
Regional employment access is supported by nearby corporate operations that draw a diverse workforce, which can reinforce renter demand and retention for workforce-oriented housing. The employers below represent commutable anchors in distribution, manufacturing, and corporate services.
- Clorox — corporate offices (18.0 miles)
- DISH Network Distribution Center — distribution (29.6 miles)
- International Paper — manufacturing (34.6 miles)
- Cardinal Health — healthcare distribution (35.0 miles)
- Xerox State Healthcare — healthcare services (36.4 miles)
Built in 1973, the 52-unit asset presents classic value-add angles: interior modernization, systems upgrades, and exterior improvements can enhance competitiveness against newer stock while planning for near- and medium-term capital needs. At the neighborhood level, occupancy trends sit in the top quartile nationally and are competitive within the Stockton metro, and the renter-occupied share is high, indicating a durable tenant base. Elevated home values in the area further support reliance on rentals, which can aid lease retention and pricing discipline.
Within a 3-mile radius, recent stability and projected population and income growth point to a larger renter pool over the next cycle, supporting steady demand. According to CRE market data from WDSuite, neighborhood rents and housing indicators benchmark above national medians, aligning with an investment thesis centered on operational consistency and selective upgrades, while keeping an eye on amenity gaps that vary by micro-location.
- Occupancy backdrop is top quartile nationally and competitive in the Stockton metro, supporting leasing stability.
- High renter-occupied share indicates a deep tenant base and sustained multifamily demand.
- 1973 vintage offers value-add potential via unit renovations and building systems planning.
- Elevated home values reinforce reliance on rental housing, aiding retention and rate discipline.
- Risks: older asset requiring capital investment; select amenity gaps (parks/pharmacies/cafes) may affect micro-market appeal.