| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 30th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 911 W Kettleman Ln, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2001-04-12 |
| Transaction Price | $1,400,000 |
| Buyer | JOVIC VUJADIN |
| Seller | 969 E STREET ASSOCIATES |
911 W Kettleman Ln Lodi 24-Unit Multifamily
Neighborhood occupancy is steady and renter concentration is elevated, supporting a durable tenant base according to WDSuite’s CRE market data. Elevated home values in the area further reinforce reliance on rentals, which can aid leasing stability.
Rated A- and ranked 36 out of 179 within the Stockton metro, the neighborhood is competitive among Stockton neighborhoods and sits in the top quartile locally. Amenity access is a clear strength: restaurants and cafes are dense (nationally in the 90th and upper-80th percentiles), with strong coverage of pharmacies and parks as well. Grocery options track above national median levels, offering daily convenience that supports renter retention.
Multifamily fundamentals are constructive. The neighborhood s occupancy is in the mid-90s and above the national median, while the share of housing units that are renter-occupied is high (85th percentile nationally), indicating depth in the tenant pool. Median asking rents in the area have risen over the past five years, and the rent-to-income ratio sits near one-fifth, suggesting manageable but real affordability pressures to monitor during renewals.
Within a 3-mile radius, population and household counts have trended upward in recent years, with forecasts calling for additional population growth and a notable increase in households. Rising median incomes and a larger mix of mid- to upper-income households suggest capacity for sustained renter demand, which can support occupancy stability and measured rent growth.
The area s ownership market is high cost relative to incomes (national 90th percentile value-to-income and 80th percentile home values), which typically sustains rental demand and can aid pricing power for well-positioned units. School ratings trend below the national median, an operating consideration for family-oriented product, and childcare options are limited in the immediate neighborhood, which may influence unit mix positioning.
Vintage context: the property was built in 1973, newer than the neighborhood s average construction year of 1957. That relative youth versus older local stock can enhance competitiveness, though investors should plan for modernization of aging systems and potential value-add upgrades to capture demand.
Safety metrics are mixed when compared with the region and nation. The neighborhood s crime rank sits in the lower half of Stockton s 179 neighborhoods, and national safety percentiles are below the median. This indicates a comparatively higher incidence of crime than many peer areas.
That said, recent trend data show improvement in property-related offenses over the last year, which is constructive. Investors should focus on standard mitigation measures (lighting, access control, and coordination with local resources) and reflect risk in underwriting assumptions rather than relying on short-term fluctuations.
Proximity to regional employers underpins renter demand through commute convenience and a diversified employment base. Nearby employers include Clorox, DISH Network ae distribution, International Paper, Cardinal Health, and Xerox State Healthcare.
- Clorox consumer products (18.4 miles)
- DISH Network Distribution Center logistics/telecom distribution (29.1 miles)
- International Paper packaging & paper (34.1 miles)
- Cardinal Health healthcare distribution (34.5 miles)
- Xerox State Healthcare IT services (35.9 miles)
This 24-unit, 1973-vintage asset benefits from a renter-heavy neighborhood with stable occupancy and a deep tenant base. Elevated ownership costs in Lodi relative to incomes tend to reinforce reliance on rentals, while amenity access (dining, groceries, parks, pharmacies) supports day-to-day livability and lease retention. According to CRE market data from WDSuite, neighborhood rents and incomes have both advanced over the last five years, which helps underpin collections and measured rent growth potential.
Relative to local stock that skews older, the property s vintage offers competitive positioning, though aging systems suggest a straightforward value-add path via modernization. Population and household growth within a 3-mile radius, alongside income gains, point to a gradually expanding renter pool that can support occupancy stability; however, below-median school ratings and area crime metrics warrant conservative underwriting and active asset management.
- Renter concentration and mid-90s neighborhood occupancy support demand depth and leasing stability.
- High ownership costs sustain multifamily demand and can aid pricing power for well-positioned units.
- 1973 vintage is newer than the area s average stock, with clear value-add potential through modernization.
- 3-mile population and income growth expand the tenant base, supporting occupancy and rent fundamentals.
- Risks: below-median school ratings and crime metrics require prudent operations and underwriting.