| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 30th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 931 W Kettleman Ln, Lodi, CA, 95240, US |
| Region / Metro | Lodi |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | 2001-04-12 |
| Transaction Price | $1,400,000 |
| Buyer | JOVIC VUJADIN |
| Seller | 969 E STREET ASSOCIATES |
931 W Kettleman Ln Lodi Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand, with occupancy in the surrounding area holding near the mid-90s and a balanced renter-occupied share supporting leasing durability, according to WDSuite s CRE market data.
This Inner Suburb location in Lodi ranks 36th among 179 Stockton metro neighborhoods (A- rating), indicating competitive positioning for multifamily relative to nearby submarkets. Neighborhood occupancy is 93.9% (measured for the neighborhood, not the property), which supports a baseline of income stability for well-managed assets.
Livability drivers are led by everyday convenience: restaurants and pharmacies score in the top decile nationally, and parks and groceries sit well above average. Average school ratings trend below national norms, which may influence tenant mix toward workforce households rather than school-driven moves.
The share of renter-occupied housing units in the neighborhood is 45.7%, indicating a sizable tenant base without over-concentration. Within a 3-mile radius, population and households have grown modestly and are projected to continue expanding, pointing to a larger renter pool over the next few years. Elevated home values relative to incomes (high nationally) suggest a high-cost ownership market, which tends to reinforce reliance on multifamily and can support rent retention.
Rents in the neighborhood sit above national medians while remaining aligned with local incomes, and occupancy trends compare favorably to many U.S. neighborhoods based on commercial real estate analysis from WDSuite. For a 1973 vintage asset, this context can support value-add strategies aimed at improving unit finishes and systems to capture durable demand.
Safety indicators are mixed. The neighborhood s crime rank is 104 out of 179 in the Stockton metro, which is below the metro median and indicates higher crime exposure than many nearby neighborhoods. Nationally, the neighborhood sits below average safety percentiles; however, estimated property offenses declined by roughly double digits over the past year, signaling near-term improvement. These figures describe neighborhood conditions, not the property, and investors typically address them through security measures, lighting, and resident screening.
Regional employers within commuting range support workforce housing demand, with proximity that can aid leasing and retention for residents working in consumer goods, logistics, packaging, healthcare distribution, and technology.
- Clorox consumer goods (18.4 miles)
- DISH Network Distribution Center logistics & distribution (29.1 miles)
- International Paper packaging & paper products (34.1 miles)
- Cardinal Health healthcare distribution (34.5 miles)
- Intel Folsom FM5 technology offices (37.0 miles)
931 W Kettleman Ln is a 22-unit, 1973-vintage asset positioned in a competitive Lodi neighborhood where occupancy remains solid and the renter base is sizable. Within a 3-mile radius, population and households have trended upward with further increases projected, which supports a larger tenant base and potential occupancy stability. Elevated ownership costs in the area tend to sustain reliance on rentals, while neighborhood rents remain manageable relative to local incomes, according to CRE market data from WDSuite.
Given its vintage, the property may benefit from targeted capital improvements to interiors and building systems to strengthen competitive positioning against newer stock. Local convenience amenities are strong and employer access is reasonable, which can aid leasing velocity; investors should underwrite security and school-quality perceptions as part of risk management.
- Solid neighborhood occupancy and a balanced renter-occupied share support income durability.
- 3-mile demand drivers point to renter pool expansion, aiding retention and lease-up.
- High-cost ownership market reinforces rental demand and pricing power for well-managed assets.
- 1973 vintage offers value-add potential via unit and systems upgrades.
- Risks: below-median metro safety ranks and weaker school ratings warrant security planning and tenant targeting.