| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 52nd | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1931 Cedar Ridge Dr, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 1979 |
| Units | 78 |
| Transaction Date | 2019-12-20 |
| Transaction Price | $2,790,500 |
| Buyer | APPLEGARTH FAMILY LLC |
| Seller | ELCO ENTERPRISES LLC |
1931 Cedar Ridge Dr Stockton 78-Unit Multifamily
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 78-unit asset in Stockton’s inner suburb.
This inner-suburban pocket of Stockton ranks 7 out of 179 metro neighborhoods (A+), placing it firmly in the top quartile among Stockton neighborhoods. WDSuite’s commercial real estate analysis indicates neighborhood occupancy around the area remains high with a multi-year uptrend, a positive backdrop for lease stability at comparable multifamily assets. Importantly, about seven in ten housing units here are renter-occupied, signaling a large tenant base that supports ongoing demand depth.
Livability inputs are constructive for everyday convenience: neighborhood measures show strong access to grocery stores, parks, and pharmacies (each above national medians), while cafés are comparatively sparse. Average school ratings in the neighborhood sit modestly above national medians, which can aid retention for family renters, though outcomes vary by campus.
Within a 3-mile radius, recent population and household growth point to a larger tenant base, and forward-looking projections indicate additional household increases, which would support absorption if realized. Median contract rents in the neighborhood sit below high-cost coastal peers, and with a rent-to-income profile near one-quarter, the area balances pricing power with retention considerations. Elevated home values relative to incomes locally indicate a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and support leasing velocity.
Vintage context: the property was built in 1979, slightly newer than the neighborhood’s average construction year. That positioning can be competitive versus older stock, while still leaving room for targeted modernization or systems upgrades to drive rent premiums and operating efficiency.
Safety indicators for the neighborhood trend weaker than many Stockton areas and sit below national medians. The neighborhood’s crime rank places it below the metro average (127 out of 179), and national percentiles indicate comparatively elevated property and violent offense rates versus neighborhoods nationwide. Recent year-over-year readings show upticks, underscoring the importance of security-forward operations and tenant communication.
For investors, this profile argues for prudent measures such as lighting, access controls, and partnerships with local community resources. It may also influence insurance costs and asset management planning, but it does not preclude stable performance when paired with strong occupancy fundamentals and thoughtful on-site practices.
Nearby employers span consumer goods, retail headquarters, distribution, energy, and paper & packaging, supporting a diverse employment base and commute convenience that can aid renter retention.
- Clorox — consumer goods (10.7 miles)
- Ross Stores — off-price retail (36.3 miles) — HQ
- DISH Network Distribution Center — distribution (36.9 miles)
- Chevron — energy (38.0 miles) — HQ
- International Paper — paper & packaging (40.8 miles)
1931 Cedar Ridge Dr brings 78 units to a neighborhood that is both top-quartile in the Stockton metro and characterized by high neighborhood occupancy and a large share of renter-occupied housing units. According to CRE market data from WDSuite, neighborhood occupancy sits above the metro median with a multi-year positive trend, which, combined with a high-cost ownership landscape, supports demand resilience and lease-up stability relative to older competing stock.
The 1979 vintage is slightly newer than the neighborhood average, offering a competitive baseline with potential to capture value through focused renovations and operational improvements. Within a 3-mile radius, population and household growth—and projections for additional household gains—suggest a larger tenant base over time, which can support sustained absorption and occupancy management.
- High neighborhood occupancy and deep renter base support stable leasing
- 1979 vintage offers value-add and modernization upside versus older stock
- 3-mile growth in population and households expands the tenant pool
- Elevated ownership costs locally reinforce reliance on multifamily rentals
- Risks: weaker safety metrics and potential affordability pressure require proactive management