| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 32nd | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 510 Northgate Dr, Manteca, CA, 95336, US |
| Region / Metro | Manteca |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | 2002-07-08 |
| Transaction Price | $1,850,000 |
| Buyer | PORTER ROBERT J |
| Seller | 1995 JEFFREY E SCHWARTZ FAMILY LTD PARTN |
510 Northgate Dr Manteca Multifamily Investment
This 32-unit property built in 1986 operates in an A- rated neighborhood with 92.1% occupancy and strong renter retention, according to CRE market data from WDSuite.
Located in Manteca's inner suburb environment, this neighborhood ranks 34th among 179 metro neighborhoods with an A- rating. The area maintains 92.1% occupancy rates with 40.6% of housing units renter-occupied, positioning in the 80th national percentile for rental share. Demographics within a 3-mile radius show median household income of $89,174 with 35.7% of households renting, supporting consistent tenant demand.
The property's 1986 construction year aligns with the neighborhood average of 1969, indicating established building stock that may present value-add renovation opportunities for investors focused on capital improvements. With average unit sizes of 813 square feet, the property serves the local workforce housing segment where median contract rents reach $1,544.
Amenity density supports tenant retention with top-tier park access ranking 8th among metro neighborhoods (97th national percentile) and strong restaurant availability at 10.14 per square mile (90th national percentile). The area maintains above-average childcare access and grocery availability, though pharmacy access remains limited. School ratings average 2.0 out of 5, which investors should factor into family tenant targeting strategies.
Property crime rates in this neighborhood rank 41st among 179 metro neighborhoods, placing it above the metro median with an estimated rate of 220.4 incidents per 100,000 residents. Violent crime remains relatively contained at 35.9 per 100,000 residents, ranking 55th metro-wide and near the 49th national percentile.
Investors should note significant year-over-year increases in both property and violent crime statistics, though these changes may reflect reporting methodology adjustments rather than fundamental safety deterioration. The neighborhood's overall crime ranking of 123rd among 179 areas (26th national percentile) suggests monitoring local security measures and tenant retention patterns.
The Manteca area benefits from proximity to major corporate employers including nearby Clorox operations and access to Bay Area corporate centers, supporting workforce housing demand for commuting professionals.
- Clorox — consumer products manufacturing (3.6 miles)
- Ross Stores — retail corporate offices (37.2 miles) — HQ
- The Clorox Company — consumer products corporate (38.4 miles)
- Chevron — energy corporate offices (40.5 miles) — HQ
This 32-unit property offers stable cash flow fundamentals with neighborhood-level occupancy at 92.1% and an established renter base where 40.6% of housing units are tenant-occupied. The 1986 construction provides opportunities for value-add improvements while maintaining competitive positioning in Manteca's workforce housing segment. Population growth within a 3-mile radius shows 2.8% expansion over five years with household formation increasing 5.3%, supporting long-term tenant demand.
According to multifamily property research from WDSuite, the neighborhood maintains an A- rating with median household incomes of $89,174 and contract rents at $1,544, indicating healthy rent-to-income ratios. The area's amenity density ranks in top national percentiles for parks and restaurants, supporting tenant retention, while proximity to Clorox operations provides employment stability for the local workforce.
- Strong occupancy fundamentals at 92.1% with established renter demographics
- Value-add potential through renovations on 1986-vintage property
- Growing household base with 5.3% increase supporting tenant demand
- A- neighborhood rating with top-tier amenity access for retention
- Monitor crime trend changes and school rating impact on family segments