| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 50th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3266 Blue Ridge Cir, Stockton, CA, 95219, US |
| Region / Metro | Stockton |
| Year of Construction | 1979 |
| Units | 26 |
| Transaction Date | 2017-03-09 |
| Transaction Price | $2,025,000 |
| Buyer | SUNBURST APARTMENTS 2 LLC |
| Seller | SUNBURST APARTMENTS LLC |
3266 Blue Ridge Circle Stockton Multifamily Investment
This 26-unit property built in 1979 sits in a neighborhood where 53.7% of housing units are renter-occupied, ranking in the top quartile nationally for rental demand concentration. The area maintains 91.6% occupancy according to CRE market data from WDSuite.
The property is located in an Urban Core neighborhood rated B+ that ranks 56th among 179 Stockton metro neighborhoods. Built in 1979, this asset aligns with the neighborhood's average construction year of 1980, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements.
With 53.7% of housing units renter-occupied, the neighborhood ranks in the 91st national percentile for rental demand concentration, indicating strong multifamily fundamentals. Current neighborhood occupancy stands at 91.6% with median contract rents at $1,404, positioning above the 75th national percentile. Demographics within a 3-mile radius show 104,421 residents with a median household income of $83,766, supporting rental affordability at current market rates.
The area offers solid amenity access with 1.9 cafes and grocery stores per square mile, ranking in the 94th and 82nd national percentiles respectively. However, investors should note limited childcare and pharmacy options, which may affect tenant retention considerations. Average school ratings of 2.0 out of 5 rank below metro median, though this may support continued rental demand by limiting family homebuying appeal in the immediate area.
Five-year demographic projections show household income growth of 56.4% and rental demand expansion, with renter-occupied units expected to increase from 11.0 to 12.2 thousand units. This growth supports occupancy stability and potential rent progression, though investors should monitor the rent-to-income ratio of 0.20 for affordability pressures during lease renewals.
The neighborhood's crime metrics present a mixed profile for investor consideration. Property offense rates of 639.6 per 100,000 residents rank 79th among 179 Stockton metro neighborhoods, placing in the 32nd national percentile. However, property crime has declined 5.2% year-over-year, indicating improving trends that may support tenant retention and leasing velocity.
Violent crime rates of 135.1 per 100,000 residents rank 103rd among metro neighborhoods, positioning in the 26th national percentile nationally. Violent offenses increased 21.9% year-over-year, which investors should factor into tenant screening protocols and security considerations. The overall crime rank of 107th among 179 neighborhoods suggests this location requires careful evaluation of security measures and tenant demographics.
The Stockton area benefits from proximity to major corporate operations that support workforce housing demand, with several Fortune 500 companies maintaining significant operations within commuting distance.
- Clorox — consumer products (11.7 miles)
- Ross Stores — retail headquarters (35.8 miles) — HQ
- DISH Network Distribution Center — logistics operations (36.1 miles)
- The Clorox Company — manufacturing operations (37.2 miles)
- Chevron — energy headquarters (37.3 miles) — HQ
This 26-unit property built in 1979 presents a value-add opportunity in a neighborhood with strong rental fundamentals, where 53.7% of housing units are renter-occupied — ranking in the top quartile nationally. Current neighborhood occupancy of 91.6% and median rents of $1,404 position above national averages, while the property's 1979 vintage aligns with area norms and suggests renovation upside potential. Demographics within a 3-mile radius show household income growth of 56.4% projected over five years, supporting rent progression and tenant retention.
According to multifamily property research from WDSuite, the area maintains solid occupancy metrics despite mixed safety indicators, with declining property crime rates offsetting concerns about violent crime trends. The location benefits from proximity to major employers including Clorox and Fortune 500 headquarters, supporting workforce housing demand. However, investors should carefully evaluate security measures and factor crime trends into tenant screening and retention strategies.
- Neighborhood ranks top quartile nationally for rental demand concentration at 53.7% renter-occupied units
- Above-average occupancy at 91.6% with median rents positioning in 75th national percentile
- 1979 construction year offers value-add renovation potential aligned with neighborhood vintage
- Projected household income growth of 56.4% and renter pool expansion support rent progression
- Risk consideration: Mixed safety metrics require enhanced security protocols and tenant screening