| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 40th | Fair |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1420 W Center St, Manteca, CA, 95337, US |
| Region / Metro | Manteca |
| Year of Construction | 1992 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1420 W Center St, Manteca Multifamily Investment
Neighborhood occupancy is steady and renter concentration is high for the area, according to WDSuite’s CRE market data, supporting durable tenant demand relative to the Stockton metro. Elevated ownership costs locally further underpin the rental market and can aid lease retention.
Located in an Inner Suburb of Manteca within the Stockton, CA metro, the neighborhood carries a B rating and performs above the national median on housing fundamentals. Neighborhood occupancy is 93.8% (top 64th percentile nationally), suggesting generally stable leasing conditions rather than rapid turnover. The share of housing units that are renter-occupied is 47.8% (87th percentile nationally), indicating a deep tenant base that can support multifamily absorption and renewal activity.
At the metro level, this neighborhood is above the median on contract rents and income. Median contract rent ranks in the upper tier of Stockton neighborhoods and the rent-to-income ratio of 0.18 points to manageable affordability pressure for many renters, which can help stabilize retention and reduce concessions risk. Home values sit in the upper national percentiles with a high value-to-income ratio, signaling a high-cost ownership market that tends to sustain reliance on rental housing and preserve pricing power for well-managed assets.
Amenity density is mixed. Cafes, groceries, and parks register low per–square mile counts in this immediate area, while pharmacy access is strong (97th percentile nationally). Average school ratings in the neighborhood track below the national midpoint, which investors should factor into unit mix positioning and marketing to households with school-age children.
Construction vintage in the neighborhood centers around the late 1980s. With a 1992 build, this property is slightly newer than the local average, offering relative competitiveness versus older stock; investors should still plan for selective modernization as systems reach mid-life. Demographic statistics aggregated within a 3-mile radius show recent population and household growth with projections through 2028 indicating further population expansion and a sizable increase in households, which can expand the renter pool and support occupancy resilience and leasing velocity.
Safety metrics for the neighborhood are mixed relative to metro and national benchmarks. Compared with the Stockton metro, the area sits below the metro median (crime rank 120 out of 179 neighborhoods), while nationally the estimated property and violent offense rates are around the mid-range (mid-50s percentiles). Recent year readings show volatility in reported offense rates; investors should underwrite with conservative assumptions and prioritize standard security and lighting measures common to suburban multifamily assets.
The employment base combines nearby corporate offices and regional headquarters that broaden commuter demand and support leasing stability for workforce housing. Notable employers within commuting distance include Clorox, Ross Stores, Chevron, Boston Scientific, and Thermo Fisher Scientific.
- Clorox — corporate offices (4.0 miles)
- Ross Stores — retail HQ (36.2 miles) — HQ
- The Clorox Company — corporate offices (37.3 miles)
- Chevron — energy HQ (39.5 miles) — HQ
- Boston Scientific - Building 5 — medical devices (44.2 miles)
This 86-unit property built in 1992 aligns with a late-80s/early-90s neighborhood vintage, offering a slightly newer profile than the local average while leaving room for targeted value-add and systems modernization. Based on CRE market data from WDSuite, the neighborhood shows steady occupancy and a high renter concentration, which together suggest depth of tenant demand and support for renewal-driven revenue. Elevated home values relative to incomes in the area reinforce renter reliance on multifamily housing, aiding pricing power when paired with disciplined lease management.
Within a 3-mile radius, population and household counts have been rising and are projected to expand further, implying a larger tenant base over the medium term. Amenity density is uneven—strong for pharmacies but lighter for cafes, groceries, and parks—so on-site features and operations become more important to sustain retention. Safety indicators are mid-range nationally but below the metro median with recent volatility; prudent underwriting and property-level security planning are warranted.
- Stable neighborhood occupancy and high renter concentration support ongoing demand and renewal performance.
- 1992 vintage offers competitive positioning versus older stock with clear modernization and value-add pathways.
- Elevated ownership costs locally sustain renter reliance, reinforcing pricing power with careful lease management.
- 3-mile demographic growth and projected household expansion point to a larger tenant base over time.
- Risks: lighter nearby amenities, below-metro safety ranking, and potential variability in offense rates call for operational focus and conservative underwriting.