| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 43rd | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 602 Wimbledon Dr, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1978 |
| Units | 107 |
| Transaction Date | 2013-09-13 |
| Transaction Price | $7,450,000 |
| Buyer | Current Listing |
| Seller | Joseph Camacho |
602 Wimbledon Dr, Lodi CA Multifamily Investment
Neighborhood fundamentals point to stable renter demand and high occupancy, according to WDSuite s CRE market data. Focus for investors is day-one durability with upside from targeted renovations and disciplined lease management.
This Inner Suburb neighborhood rates A+ and is competitive among Stockton, CA submarkets, ranking near the top among 179 metro neighborhoods. Amenity access is a clear strength: restaurants, cafes, parks, pharmacies, and childcare all sit in high national percentiles, supporting day-to-day livability that helps with leasing and retention.
Operationally, the neighborhood s occupancy is strong at 98.0% (top decile nationally), and an estimated 51.1% of housing units are renter-occupied. For multifamily owners, that renter concentration signals a durable tenant base and supports occupancy stability through cycles, based on CRE market data from WDSuite.
Home values in the area are elevated relative to incomes (value-to-income ratio in the higher national percentiles), which generally sustains reliance on rental housing and can aid pricing power. Median contract rents sit above national medians but with a rent-to-income ratio around the low 20% range in neighborhood data, suggesting manageable affordability pressure that can support renewal rates when paired with prudent rent setting.
Vintage context matters: the neighborhood s average construction year is 1984, while the subject property s 1978 build is older than average. That gap often indicates value-add potential through unit and system upgrades, with corresponding capital planning needs to maintain competitive positioning against newer stock. School ratings trail national norms, which can modestly narrow demand from family renters; however, amenity depth and commuter convenience tend to offset for a broad tenant mix.
Demographics within a 3-mile radius show recent stability with forecasts pointing to population and household growth over the next five years, alongside rising incomes. This trajectory expands the local renter pool and underpins absorption, though investors should monitor how any shift toward higher owner share could affect the pace of multifamily demand growth.
Safety indicators are mixed and roughly around the Stockton metro median among 179 neighborhoods. Nationally, overall crime sits near the lower-middle percentiles, indicating conditions that warrant routine security practices and active property management rather than extraordinary measures.
Trend signals are nuanced: recent estimates show a decrease in property offenses year over year, while violent offense rates increased over the same period. For investors, this argues for standard risk mitigation lighting, access controls, and coordination with local community resources to support tenant retention and protect NOI.
Regional employment is diversified across consumer goods, logistics, healthcare distribution, and technology offices, supporting a broad renter base and commute-friendly demand for the submarket. Key nearby employers include Clorox, DISH Network Distribution Center, International Paper, Cardinal Health, and Intel Folsom FM5.
- Clorox consumer goods (17.6 miles)
- DISH Network Distribution Center logistics (30.0 miles)
- International Paper packaging & paper (34.9 miles)
- Cardinal Health healthcare distribution (35.4 miles)
- Intel Folsom FM5 technology offices (37.8 miles)
602 Wimbledon Dr benefits from high neighborhood occupancy and a renter-occupied housing share that signals depth of demand, while elevated local home values reinforce reliance on multifamily. The 1978 vintage is older than the neighborhood average, creating potential for targeted renovations to enhance competitiveness and cash flow. According to CRE market data from WDSuite, neighborhood-level occupancy trends are strong versus national norms, and amenity density supports retention and leasing velocity.
Forward-looking fundamentals are constructive: within a 3-mile radius, forecasts indicate growth in population, households, and incomes, which should expand the tenant base and support rent performance. Risks to underwrite include below-average school ratings, recent volatility in violent offense trends, and the need for capex to keep pace with newer stock; balanced against these are strong occupancy, diversified employment access, and a high-cost ownership market that supports sustained rental demand.
- High neighborhood occupancy and solid renter concentration support day-one stability
- 1978 vintage positions the asset for value-add through targeted renovations
- Elevated home values sustain reliance on rentals, aiding pricing power
- Amenity-rich location bolsters leasing velocity and retention
- Risks: school ratings below national norms and mixed safety trends require active management