| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Good |
| Demographics | 37th | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 511 Almond Dr, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
511 Almond Dr Lodi — 24-Unit 1990 Multifamily
Neighborhood occupancy is solid and the nearby renter base is expanding, according to WDSuite’s CRE market data, supporting steady leasing for a 24-unit asset in Lodi’s inner suburb.
Located in Lodi’s Inner Suburb, the property sits in a neighborhood rated B among 179 Stockton metro neighborhoods. Occupancy for the neighborhood is above the national median (65th percentile) while sitting roughly mid-pack within the Stockton metro, a combination that supports stable operations with room to compete on product quality and management.
Daily conveniences are a local strength: cafe and grocery density rank competitively within the metro and sit in the top quartile nationally, which helps with resident satisfaction and retention. Park and pharmacy access are more limited in the immediate area, so on-site amenities and service coordination can be differentiators for tenant experience.
Within a 3-mile radius, about half of housing units are renter-occupied, indicating a sizable tenant base and demand depth for multifamily. Household incomes have risen meaningfully and are projected to continue growing, expanding the pool of renters able to support market rents. Median contract rents in the neighborhood are above national norms while the rent-to-income profile is moderate, a mix that can support pricing without overextending residents. Elevated home values relative to national benchmarks point to a higher-cost ownership market in San Joaquin County, which tends to sustain reliance on rental housing and supports lease retention.
The asset’s 1990 construction is newer than the neighborhood’s average vintage (early 1980s), offering a competitive edge versus older stock; targeted modernization of finishes and common areas can further strengthen positioning while planning for typical system updates over the hold. School ratings in the neighborhood trend below national averages, which family-oriented renters may weigh; positioning the asset around convenience, unit quality, and value relative to nearby alternatives can mitigate that headwind.
Safety indicators present a mixed picture investors should contextualize. Within the Stockton metro, the neighborhood ranks toward the higher-crime end (ranked 11 out of 179), yet it compares favorably versus many neighborhoods nationwide, landing around the 70th–74th national percentiles for overall and violent safety. Recent year-over-year trends show notable declines in both property and violent offenses, indicating improvement momentum. As always, underwriting should reflect micro-location variation and standard security best practices.
- Clorox — consumer products (18.2 miles)
- DISH Network Distribution Center — logistics & distribution (29.6 miles)
- International Paper — packaging & paper (34.8 miles)
- Cardinal Health — healthcare distribution (35.1 miles)
- Xerox State Healthcare — healthcare IT services (36.7 miles)
Nearby employment nodes support commute convenience and renter demand, with access to manufacturing, distribution, healthcare, and technology employers listed below.
This 24-unit property at 511 Almond Dr benefits from a resilient renter base, above-median neighborhood occupancy nationally, and proximity to diversified employment. Based on commercial real estate analysis using WDSuite’s CRE market data, rents trend above national norms while rent-to-income remains moderate, supporting revenue durability with prudent lease management. The 1990 vintage is newer than the neighborhood average, allowing the asset to compete well versus older stock while targeted updates can capture value-add upside.
Within a 3-mile radius, population and households are projected to grow over the next five years, broadening the tenant pool and supporting occupancy stability. Elevated ownership costs in the area reinforce reliance on rental housing, and local convenience amenities aid retention even as school quality and limited park/pharmacy access require thoughtful positioning for family renters.
- Solid neighborhood occupancy and renter demand support stable leasing
- 1990 construction offers competitive positioning with value-add potential
- Rising incomes and household growth within 3 miles expand the tenant base
- High-cost ownership market underpins rental reliance and retention
- Risks: metro-relative safety rank, below-average schools, and limited parks/pharmacies