| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 29th | Fair |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 321 W Century Blvd, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1975 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
321 W Century Blvd Lodi CA Multifamily Investment
Neighborhood occupancy has remained in the mid-90s, supporting steady renter demand and lease retention, according to WDSuite’s CRE market data. With a renter-occupied housing base above typical metro levels, the area offers depth for a 60-unit asset.
This Urban Core pocket of Lodi shows stable rental fundamentals, with neighborhood occupancy in the mid-90s that is top quartile nationally and competitive among Stockton neighborhoods (measured against 179 neighborhoods). Based on commercial real estate analysis from WDSuite, the local renter-occupied share is elevated relative to the metro, indicating a deeper tenant base and support for ongoing leasing.
Daily-needs access is a relative strength: grocery and restaurant density track in the upper national percentiles, while cafés, parks, childcare, and pharmacies are thinner locally. For workforce renters, this mix supports convenience without relying on long commutes for essentials.
Home values in the neighborhood sit on the higher side for incomes (above the national median on a value-to-income basis), which tends to reinforce reliance on multifamily options and can aid pricing power and retention. Rent-to-income levels remain manageable by national standards, suggesting scope for disciplined revenue management rather than aggressive rent pushes.
The property’s 1975 vintage is slightly older than the neighborhood average 1979 construction year. Investors should plan for targeted capital expenditures and consider value-add upgrades to improve competitiveness against newer stock while leveraging the area’s occupancy stability.
Demographics are aggregated within a 3-mile radius: population has been broadly steady and is projected to expand modestly by 2028, with forecasts indicating an increase in households. That trajectory points to a larger tenant base over the medium term, supporting occupancy stability and leasing velocity for well-managed assets.
Relative safety indicators compare favorably at the national level: recent measures place violent offense rates in a high national percentile (safer than most neighborhoods nationwide), and property offense rates are also better than average. Year-over-year trends show notable declines in both categories, which, if sustained, can support tenant retention and operational consistency.
At the metro scale, safety can vary by micro-area. Investors should underwrite with neighborhood-level comps rather than citywide assumptions and confirm trends through on-the-ground diligence and updated public sources.
Proximity to regional employers underpins tenant demand from a diverse workforce, with commutes feasible to consumer products, distribution, paper & packaging, healthcare distribution, and technology offices noted below.
- Clorox — consumer products offices (17.9 miles)
- DISH Network Distribution Center — telecom distribution (29.7 miles)
- International Paper — paper & packaging (34.7 miles)
- Cardinal Health — healthcare distribution (35.1 miles)
- Xerox State Healthcare — IT services (36.6 miles)
321 W Century Blvd is a 60-unit, 1975-vintage asset positioned in a neighborhood with steady occupancy and a renter-occupied housing base above the metro median. Grocery and restaurant access are strengths, while limited park and café density suggests amenity-light blocks—an underwriting consideration for value-add positioning. According to CRE market data from WDSuite, local ownership costs trend high relative to incomes, which tends to sustain multifamily demand and support rent durability.
Forward-looking demographics within a 3-mile radius point to a modest increase in population and households by 2028, implying a gradually expanding renter pool. Given the older vintage, a focused capex program can refresh interiors and systems to capture demand while managing affordability pressure through revenue management rather than outsized rent lifts.
- Occupancy stability and elevated renter concentration support leasing consistency
- Daily-needs access (groceries, restaurants) aligns with workforce renter demand
- Higher ownership costs reinforce multifamily reliance and pricing power potential
- Value-add pathway: 1975 vintage allows targeted upgrades to improve competitiveness
- Risks: lighter park/café amenity mix and older systems require capex planning