| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1625 Rosemarie Ln, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 1976 |
| Units | 80 |
| Transaction Date | 1999-06-02 |
| Transaction Price | $1,993,000 |
| Buyer | 1625 ROSEMARIE LTD PARTNERSHIP |
| Seller | DELTA VILLAGE COMPANY |
1625 Rosemarie Ln Stockton Multifamily Investment
This 80-unit property benefits from Stockton's exceptional rental market concentration, with 82.4% of neighborhood housing units occupied by renters according to CRE market data from WDSuite. The area ranks in the 99th percentile nationally for renter-occupied housing share, indicating strong multifamily demand fundamentals.
The 1625 Rosemarie Lane neighborhood demonstrates strong rental market fundamentals within Stockton's urban core. With 82.4% of housing units occupied by renters, this area ranks 2nd among 179 metro neighborhoods and achieves the 99th percentile nationally for rental tenure concentration. The median contract rent of $1,455 positions above the 77th percentile nationally, while neighborhood occupancy rates maintain 92.7%.
Built in 1976, this property aligns with the neighborhood's average construction year of 1979, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The area's amenity infrastructure supports tenant retention, ranking in the 97th percentile nationally for restaurant density with 22.6 establishments per square mile and 97th percentile for grocery access with 6.28 stores per square mile.
Demographics within a 3-mile radius show a population of approximately 129,600 residents with projected growth to 142,000 by 2028, representing a 9.6% increase that supports expanding renter demand. Current median household income of $72,501 is forecast to rise 49.4% to $108,317, while the renter-occupied unit count is projected to increase from 12.3 to 14.3 thousand units. This household formation and income growth pattern indicates a strengthening tenant base for multifamily properties.
The median home value of $345,789 maintains elevated ownership costs that reinforce rental demand, particularly as household income growth may not keep pace with ownership requirements. The neighborhood's rent-to-income ratio ranks in the lower percentiles, suggesting affordability pressures that require careful lease management and retention strategies.
Property crime rates in this neighborhood show improving trends, with a 16% year-over-year decline in property offenses. The area ranks 130th among 179 Stockton metro neighborhoods for property crime rates, placing it near the middle of the metro range. Violent crime has decreased significantly by 49.2%, ranking 21st among metro neighborhoods and achieving the 85th percentile nationally for crime reduction trends.
While current crime metrics place the neighborhood below metro averages, the substantial improvement trajectory in both property and violent crime rates indicates positive momentum. Investors should monitor these trends as continued improvement could enhance tenant appeal and support lease renewals in this urban core location.
The property benefits from proximity to major corporate employers within the Central Valley region, providing workforce housing opportunities for commuting professionals.
- Clorox — consumer products manufacturing (9.8 miles)
- Ross Stores — retail headquarters (36.2 miles) — HQ
- The Clorox Company — corporate operations (37.6 miles)
- DISH Network Distribution Center — telecommunications distribution (37.7 miles)
- Chevron — energy sector headquarters (38.0 miles) — HQ
This 80-unit property capitalizes on Stockton's exceptional rental market concentration, where 82.4% of neighborhood housing units are renter-occupied—ranking 99th percentile nationally. The 1976 construction year presents value-add renovation opportunities while demographic projections show 9.6% population growth and 37.2% household formation through 2028, expanding the tenant base. According to multifamily property research from WDSuite, median household income is forecast to increase 49.4% to $108,317, supporting rent growth potential despite current affordability pressures.
The neighborhood's urban core designation provides strong amenity access with top-tier restaurant and grocery density, while crime trends show significant improvement with 49.2% reduction in violent offenses. However, investors should carefully manage lease terms given rent-to-income ratio challenges and monitor the competitive landscape as home values remain elevated relative to local incomes.
- 99th percentile nationally for rental housing concentration indicates strong multifamily demand
- 1976 vintage presents value-add renovation upside in stable neighborhood
- Projected 37.2% household growth and 49.4% income increase through 2028
- Crime reduction trends with 49.2% decline in violent offenses
- Risk: Rent-to-income affordability pressures require careful lease management