| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 57th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1550 W Main St, Ripon, CA, 95366, US |
| Region / Metro | Ripon |
| Year of Construction | 1984 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1550 W Main St Ripon Multifamily Investment Opportunity
Neighborhood occupancy of 96.5% supports stable cash flows and pricing power, based on WDSuite’s CRE market data.
Positioned in a suburban pocket of the Stockton metro with an A- neighborhood rating (ranked 28 of 179 metro neighborhoods), this location offers investors a combination of stability and demand depth. Neighborhood occupancy is competitive among Stockton neighborhoods (53 of 179) and in the top quartile nationally (81st percentile), a backdrop that typically supports steady leasing and limited downtime.
Renter-occupied housing accounts for a meaningful share of local units (34.4%), placing the area above the metro median (83 of 179). Median asking rents are also above the metro median (76 of 179; 75th percentile nationally), indicating renters show willingness to pay for the submarket’s fundamentals while still maintaining a rent-to-income ratio around 0.18 that can support retention and lower turnover risk.
Livability drivers are anchored by well-rated schools (average 4.0 out of 5, ranking 4 of 179 within the metro), and day-to-day convenience from pharmacies and cafes that are competitive among Stockton neighborhoods (pharmacy density rank 45 of 179; cafe density rank 41 of 179). Park and childcare access are thinner in the immediate neighborhood (ranks 179 of 179), which suggests residents rely on nearby communities for those amenities.
Demographic statistics aggregated within a 3-mile radius point to a larger tenant base over time: the area experienced population growth and a 15% increase in households over the last five years, with projections calling for further household expansion of roughly one-third over the next five years. Combined with elevated home values and a high-cost ownership market (national percentiles in the low 90s), these dynamics reinforce reliance on multifamily rentals and support occupancy stability.
Safety indicators compare favorably at the national level: estimates fall in the top decile nationwide for lower violent offense rates (92nd percentile) and top decile for lower property offense rates (90th percentile), according to WDSuite. Recent year-over-year trends are mixed, with a decline in violent incidents alongside a noted uptick in property-related activity. Investors should underwrite prudent security and loss-prevention measures and track local trendlines over time rather than relying on any single year.
Proximity to regional corporate offices supports commuter convenience and a diversified renter base, with nearby roles in consumer products and retail. Notable employers include Clorox, Ross Stores, and The Clorox Company.
- Clorox — consumer products (10.7 miles)
- Ross Stores — retail headquarters and distribution (41.1 miles) — HQ
- The Clorox Company — corporate offices (42.1 miles)
The asset is positioned for durable performance given neighborhood occupancy that is competitive within the Stockton metro and top quartile nationally, paired with renter concentration above the metro median—signals of a stable leasing base and limited downtime risk. Elevated home values and a high-cost ownership market support continued reliance on multifamily housing, while a manageable rent-to-income profile near 0.18 helps sustain lease retention. According to commercial real estate analysis from WDSuite, these fundamentals align with steady operations for well-managed properties.
Within a 3-mile radius, recent population growth and a double-digit increase in households have expanded the local renter pool, and forward-looking projections point to further household gains—favorable for future leasing and renewal activity. Amenity access is adequate for daily needs, and highly rated schools enhance the area’s family appeal, though investors should note the thinner park and childcare options nearby and monitor property-crime trend volatility.
- Competitive neighborhood occupancy and top-quartile national positioning support stable rent rolls
- Above-metro-median renter concentration indicates depth in the local tenant base
- High-cost ownership market reinforces sustained demand for rentals and pricing power
- 3-mile household growth and projected gains underpin lease-up and renewal potential
- Risk: limited park/childcare amenities and recent property-crime volatility warrant proactive management