| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 29th | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1918 S Church St, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1990 |
| Units | 80 |
| Transaction Date | 2001-11-09 |
| Transaction Price | $3,030,000 |
| Buyer | LODI HUTCHINS STREET ASSOCIATES LP |
| Seller | GFLIP |
1918 S Church St Lodi Multifamily Investment
Neighborhood occupancy trends are stable and renter demand is supported by a majority of renter-occupied units in the immediate area, according to WDSuite’s CRE market data. This positioning offers investors durable income characteristics relative to the Stockton metro while allowing for operational upside.
Located in Lodi within the Stockton, CA metro, the neighborhood posts competitive occupancy at the neighborhood level and sits in the top quartile nationally for occupied housing share. This is a neighborhood metric, not a property guarantee, but it signals a broad tenant base and supports leasing stability for multifamily assets.
Daily-needs access is a relative strength: grocery availability and restaurant density rank high versus other metro neighborhoods and compare favorably to national norms, while categories like parks, pharmacies, childcare, and cafes are thinner. For investors, that mix typically supports workforce housing demand but may limit placemaking amenities without targeted property-level programming.
The property’s 1990 vintage is newer than the neighborhood’s average construction year of 1979. That relative youth generally improves competitive positioning versus older stock; however, three-decade-old systems often benefit from modernization, creating potential value-add through targeted CapEx and unit/interior updates.
Tenure patterns indicate a high share of renter-occupied housing units (neighborhood-level), reinforcing depth of the tenant pool. Within a 3-mile radius, population has been essentially flat in recent years with forecasts pointing to growth alongside rising household counts by 2028. This points to renter pool expansion and supports occupancy resilience. Home values in the neighborhood are elevated relative to incomes for the metro, which tends to sustain reliance on rental housing, while rent-to-income levels appear manageable—favorable for retention and lease management.
Safety indicators show improving momentum year over year, with estimated violent and property offense rates trending down. Nationally benchmarked measures place the area in the stronger quartiles compared with neighborhoods nationwide, while outcomes within the Stockton metro can vary by category. Investors should view this as supportive of leasing stability, with the understanding that conditions can shift and should be monitored during hold.
Proximity to regional employers across consumer goods, logistics, healthcare services, and corporate support roles underpins local renter demand and commute convenience for a workforce tenant base. The following nearby employers are representative of that base.
- Clorox — consumer goods (18.0 miles)
- DISH Network Distribution Center — logistics & distribution (29.7 miles)
- International Paper — packaging & paper (34.7 miles)
- Cardinal Health — healthcare distribution (35.1 miles)
- Xerox State Healthcare — healthcare services (36.6 miles)
1918 S Church St is an 80-unit asset with average unit sizes around 800 square feet, positioned in a neighborhood with solid renter depth and competitive occupancy. Based on CRE market data from WDSuite, neighborhood occupancy is above many metro peers and compares well nationally, supporting income durability. The 1990 vintage is slightly newer than the local housing stock, suggesting relative competitiveness with potential to drive returns through modernization and operational execution.
Within a 3-mile radius, forecasts indicate population and household expansion by 2028, pointing to a larger tenant base and support for rent growth and occupancy stability. Elevated ownership costs relative to incomes in the neighborhood tend to sustain multifamily demand, while rent-to-income levels appear manageable—positive for retention and lease performance. Amenity access favors daily needs (groceries, restaurants) over lifestyle categories, which investors can balance with on-site programming and targeted improvements.
- Stable neighborhood occupancy and strong renter concentration support leasing durability.
- 1990 vintage offers value-add potential via system upgrades and interior refreshes against older local stock.
- 3-mile forecasts point to renter pool expansion by 2028, reinforcing long-term demand.
- Elevated home values relative to incomes sustain reliance on rental housing and support pricing power.
- Risks: thinner lifestyle amenities in the immediate neighborhood, mixed metro comparative safety signals, and potential future competition from ownership if owner-occupancy increases.