| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 7th | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 324 E Jackson St, Stockton, CA, 95206, US |
| Region / Metro | Stockton |
| Year of Construction | 1994 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
324 E Jackson St Stockton Multifamily Investment
This 30-unit property built in 1994 sits in a neighborhood with strong rental demand, where 47.3% of housing units are renter-occupied compared to 54.2% across the broader metro area.
This Stockton inner suburb neighborhood ranks 156th among 179 metro neighborhoods with a C- rating, positioning it competitively within the local market. The area demonstrates solid rental fundamentals with 47.3% of housing units occupied by renters, ranking in the 86th percentile nationally for rental share. Neighborhood-level occupancy stands at 87.3%, though this trails the metro average.
Built in 1994, the subject property is notably newer than the neighborhood's average construction year of 1935, potentially offering reduced near-term maintenance requirements and stronger competitive positioning. Median contract rents in the immediate neighborhood reached $893, with 21.6% growth over the past five years, though this underperforms the broader 3-mile area where rents average $1,103.
Demographics within a 3-mile radius show a population of approximately 106,400 with modest 2.1% growth over five years. Household income projections suggest strengthening fundamentals, with forecasted median household income rising from $59,594 to $97,536 by 2028 - a 63.7% increase that could support rental demand and pricing power. The area maintains practical amenities with 2.87 grocery stores per square mile, ranking in the 89th percentile nationally, though it lacks parks and childcare facilities.
Crime metrics show the neighborhood ranking 73rd out of 179 metro neighborhoods, placing it near the middle of local performance with a 44th percentile nationally for overall crime levels. Property offense rates estimated at 1,059 incidents per 100,000 residents rank in the 22nd percentile nationally, indicating elevated property crime relative to national averages.
Recent trends show improvement, with property offense rates declining 29% over the past year and violent crime down 19.1%. While current crime levels require consideration in tenant screening and property management protocols, the downward trajectory suggests stabilizing conditions that may support long-term tenant retention.
The employment base includes corporate offices within commuting distance, providing workforce housing opportunities for professional tenants.
- Clorox — consumer products (6.4 miles)
- Ross Stores — retail corporate offices (36.8 miles) — HQ
- The Clorox Company — consumer products (38.2 miles)
- Chevron — energy corporate offices (39.1 miles) — HQ
- DISH Network Distribution Center — telecommunications (41.0 miles)
This 30-unit property presents value-add potential in a neighborhood with established rental demand fundamentals. According to CRE market data from WDSuite, the area maintains a high rental share at 47.3% of housing units, ranking in the 86th percentile nationally, indicating strong tenant pool depth. The 1994 construction year positions the asset favorably against the neighborhood's 1935 average vintage, potentially reducing immediate capital expenditure needs while offering modernization upside.
Demographic projections within the 3-mile radius forecast significant household income growth from $59,594 to $97,536 by 2028, supporting rental pricing power and tenant quality improvements. While neighborhood-level occupancy at 87.3% currently trails metro averages, declining crime rates and income growth trajectory suggest improving fundamentals for long-term hold strategies.
- Strong rental market fundamentals with 47.3% renter-occupied units ranking 86th percentile nationally
- Newer vintage than neighborhood average offers competitive positioning and reduced maintenance needs
- Projected 63.7% household income growth through 2028 supports rental demand and pricing power
- Declining property crime rates (-29% annually) and violent crime (-19.1%) indicate improving conditions
- Risk consideration: Current neighborhood occupancy at 87.3% below metro averages requires active leasing management