| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 43rd | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1951 Scarborough Dr, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1979 |
| Units | 26 |
| Transaction Date | 2014-09-29 |
| Transaction Price | $1,700,000 |
| Buyer | LI ZHE |
| Seller | R H MULLEN COMPANY LP |
1951 Scarborough Dr Lodi Multifamily Investment
This 26-unit property built in 1979 sits in a top-tier neighborhood with 98% occupancy rates and strong rental demand fundamentals according to CRE market data from WDSuite.
The property occupies a highly-ranked neighborhood scoring 3rd among 179 metro neighborhoods, earning an A+ rating with exceptional amenity access. The area demonstrates robust rental fundamentals with 98% neighborhood-level occupancy rates ranking in the 89th percentile nationally, supported by 51.1% of housing units being renter-occupied.
Built in 1979, this vintage aligns with the neighborhood average construction year of 1984, indicating consistent building stock without immediate capital expenditure pressures. The area benefits from dense amenity infrastructure including restaurants (96th percentile nationally), childcare facilities (97th percentile), and pharmacy access that supports tenant retention and leasing velocity.
Demographics within a 3-mile radius show stable fundamentals with 64,164 residents and median household income of $79,266. Projections through 2028 indicate 7.4% population growth and 37.6% household formation, expanding the renter pool. Current median rents of $1,360 reflect 40.6% five-year growth, while home values averaging $408,285 reinforce rental demand by maintaining elevated ownership costs relative to rental options.
The rent-to-income ratio of 0.22 suggests manageable affordability for tenants, supporting lease retention and renewal rates. However, investors should monitor the area's average school ratings of 2.0 out of 5, which may limit appeal to family renters seeking higher-rated districts.
Property crime rates in the neighborhood rank 48th among 179 metro neighborhoods, placing it near the metro median with an estimated 297 incidents per 100,000 residents annually. Notably, property crime decreased 11.8% year-over-year, indicating improving trends that support tenant retention and property values.
Violent crime remains relatively contained at 33 incidents per 100,000 residents, ranking 53rd metro-wide and at the 50th percentile nationally. However, investors should note the 169% year-over-year increase in violent crime, though this likely reflects statistical volatility from a low baseline rather than systemic deterioration.
The Lodi area benefits from proximity to major corporate employers within commuting distance, supporting workforce housing demand for professional and administrative staff.
- Clorox — consumer products manufacturing (17.9 miles)
- DISH Network Distribution Center — telecommunications distribution (29.6 miles)
- International Paper — industrial manufacturing (34.6 miles)
- Cardinal Health — healthcare services (35.0 miles)
- Ross Stores — retail headquarters (43.1 miles) — HQ
This 26-unit property presents a compelling value-add opportunity in a top-performing Lodi neighborhood with exceptional occupancy fundamentals. The 1979 construction vintage offers potential for strategic renovations and rent optimization, while the neighborhood's 98% occupancy rate and 51.1% renter share demonstrate sustained rental demand. According to multifamily property research from WDSuite, the area's A+ neighborhood rating and strong amenity density support tenant retention and competitive positioning.
Demographic projections through 2028 show 7.4% population growth and significant household formation, expanding the tenant base while median household income growth of 50.4% supports rent escalation potential. The property's 682-square-foot average unit size aligns with regional affordability needs, while declining property crime rates enhance the investment environment.
- Exceptional 98% neighborhood occupancy rate ranking 89th percentile nationally
- Strong rental demand with 51.1% of housing units renter-occupied
- 1979 vintage offers value-add renovation potential for rent optimization
- Projected 37.6% household growth through 2028 expands tenant pool
- Risk consideration: Below-average school ratings may limit family renter appeal