| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 59th | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2440 Cochran Rd, Lodi, CA, 95242, US |
| Region / Metro | Lodi |
| Year of Construction | 1979 |
| Units | 32 |
| Transaction Date | 2014-03-26 |
| Transaction Price | $2,101,000 |
| Buyer | JACK GREGORY W |
| Seller | DELIMA KEN |
2440 Cochran Rd Lodi Multifamily Investment
This 32-unit property benefits from elevated home values that sustain rental demand, with neighborhood-level occupancy at 88.7% according to WDSuite's CRE market data.
This inner suburb neighborhood ranks in the top quartile among 179 Stockton metro neighborhoods for overall fundamentals, with median home values of $687,671 supporting rental demand dynamics. The area demonstrates strong COVID resilience, ranking 7th among metro neighborhoods, indicating economic stability that benefits multifamily performance.
The property's 1979 construction year positions it slightly older than the neighborhood average of 1988, presenting potential value-add opportunities for renovation and capital improvements. Demographics within a 3-mile radius show 43.3% of housing units are renter-occupied, providing a substantial tenant base, with household growth projected at 39.7% through 2028 supporting expanded rental demand.
Neighborhood-level occupancy stands at 88.7%, while median contract rents reach $1,240. The rent-to-income ratio ranks 3rd among metro neighborhoods in the 99th national percentile, indicating strong affordability relative to household incomes. However, amenity density ranks 61st among metro neighborhoods, suggesting limited walkable retail and dining options that could impact tenant appeal.
The neighborhood ranks 125th of 179 metro neighborhoods for crime, placing it in the 25th national percentile for safety. Property offense rates have increased 145.1% year-over-year, while violent crime rates rose significantly, though from relatively low baseline levels.
These safety metrics warrant consideration in tenant screening and property management strategies, though the neighborhood's overall stability and economic fundamentals provide offsetting investment attributes.
The property benefits from proximity to major corporate employers across manufacturing, distribution, and technology sectors, supporting workforce housing demand within commuting distance.
- Clorox — consumer goods manufacturing (19.1 miles)
- DISH Network Distribution Center — telecommunications distribution (28.3 miles)
- International Paper — industrial manufacturing (33.0 miles)
- Cardinal Health — healthcare distribution (33.6 miles)
- Xerox State Healthcare — healthcare services (34.9 miles)
This 32-unit property offers value-add potential through its 1979 vintage, positioning investors to capture upside through strategic renovations in a neighborhood with strong home values that reinforce rental demand. The area's top-quartile ranking among metro neighborhoods and exceptional COVID resilience demonstrate underlying market stability.
Demographics within a 3-mile radius support long-term rental demand, with household growth projected at 39.7% through 2028 and median household incomes of $85,248. The substantial renter-occupied housing base of 43.3% provides depth for tenant sourcing, while proximity to major employers offers workforce housing appeal.
- Value-add opportunity with 1979 construction year enabling renovation upside
- Strong rental demand fundamentals with $687,671 median home values limiting ownership accessibility
- Projected 39.7% household growth through 2028 expanding tenant base
- Safety metrics require active management with crime ranking 125th of 179 metro neighborhoods