| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 29th | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1830 S Hutchins St, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1985 |
| Units | 102 |
| Transaction Date | 2001-11-09 |
| Transaction Price | $3,320,000 |
| Buyer | LODI HUTCHINS STREET ASSOCIATES LP |
| Seller | GFLIP |
1830 S Hutchins St, Lodi CA Multifamily Investment
Steady neighborhood occupancy and a high share of renter-occupied units support durable demand at this 102-unit asset, according to WDSuite’s CRE market data. Elevated ownership costs in Lodi further reinforce reliance on multifamily housing over the medium term.
This Urban Core pocket of Lodi shows demand fundamentals that are competitive among Stockton’s 179 neighborhoods, with neighborhood occupancy at roughly the mid‑90s and ranking in the more competitive tier locally. Rents in the surrounding area sit above national norms and have risen materially over the last five years, while a majority share of housing units are renter‑occupied, indicating a sizeable tenant base and support for lease stability (based on CRE market data from WDSuite).
Daily needs are convenient: grocery and restaurant density score in the top decile nationally, though cafes, parks, and pharmacies are thinner in the immediate blocks, which may modestly limit lifestyle amenities within walking distance. Median home values in the neighborhood are elevated versus national benchmarks, and the value‑to‑income profile suggests a high‑cost ownership market — dynamics that tend to sustain multifamily demand and support pricing power.
The property’s 1985 vintage is slightly newer than the neighborhood’s average construction year (1979). That positioning can be competitive against older stock, while investors should still plan for ongoing system upgrades and selective modernization to maintain leasing momentum.
Within a 3‑mile radius, demographics are stable with modest recent population growth and projections pointing to a larger resident base over the next five years. Median household incomes have trended higher, and rent levels are expected to grow from today’s base — factors that expand the renter pool and can support occupancy and retention, provided lease management stays attentive to affordability.
Safety indicators are mixed but improving. Neighborhood violent‑offense measures sit in the top decile nationally for safety, while property‑offense measures track closer to the national midpoint, according to WDSuite. Year over year, both violent and property incidents are estimated to have declined sharply, signaling momentum in the right direction. Conditions can vary by block and time of day, so investors typically underwrite with prudent security, lighting, and operations plans.
Regional employment is diversified across consumer products, distribution, healthcare services, and technology, supporting workforce housing demand and commute convenience for renters. Key nearby employers include Clorox, DISH Network Distribution Center, International Paper, Cardinal Health, and Xerox State Healthcare.
- Clorox — consumer products (18.0 miles)
- DISH Network Distribution Center — distribution/logistics (29.6 miles)
- International Paper — paper & packaging (34.6 miles)
- Cardinal Health — medical distribution (35.0 miles)
- Xerox State Healthcare — healthcare IT services (36.5 miles)
The investment case centers on durable renter demand, with neighborhood occupancy near the mid‑90s and a renter‑occupied housing share that signals depth of the tenant base. The property’s 1985 vintage is slightly newer than the neighborhood average, offering a competitive stance versus older stock while leaving room for targeted value‑add through systems updates and interior modernization. According to CRE market data from WDSuite, elevated neighborhood home values relative to incomes point to a high‑cost ownership environment that tends to reinforce reliance on multifamily housing.
Within a 3‑mile radius, recent population has been stable and is projected to expand alongside incomes over the next five years, supporting renter pool expansion and lease‑up resiliency. Local amenity access favors groceries and dining, with lighter cafe and park coverage — a manageable trade‑off for workforce renters, provided onsite features and management practices are aligned.
- Competitive neighborhood occupancy and sizeable renter base support leasing stability.
- 1985 vintage offers relative competitiveness with potential value‑add via modernization.
- High‑cost ownership market underpins sustained multifamily demand and pricing power.
- 3‑mile demographic outlook points to a larger tenant pool and income growth.
- Risks: lighter nearby cafes/parks and mixed property‑offense readings call for disciplined operations and resident‑experience planning.