| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 50th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3274 Blue Ridge Cir, Stockton, CA, 95219, US |
| Region / Metro | Stockton |
| Year of Construction | 1982 |
| Units | 25 |
| Transaction Date | 2019-04-01 |
| Transaction Price | $5,000,000 |
| Buyer | REDWOOD PROP INVESTORS III LLC |
| Seller | BLUE RIDGE LIVING LLC |
3274 Blue Ridge Cir Stockton Multifamily Investment
Neighborhood indicators point to steady renter demand and occupancy stability at the submarket level, according to WDSuite’s CRE market data, with figures referenced below describing neighborhood conditions rather than the property itself.
Located in Stockton’s Urban Core (B+ neighborhood rating among 179 metro neighborhoods), the area surrounding 3274 Blue Ridge Cir shows investor-friendly fundamentals that support multifamily leasing. Neighborhood occupancy trends sit near the national median with a modest positive 5‑year change, and renter-occupied housing accounts for a majority share in this neighborhood, signaling a deep tenant base for workforce and market-rate product.
Daily-needs access is a relative strength: grocery density is competitive among Stockton neighborhoods and sits in the top quartile nationally, while cafes and restaurants per square mile are also nationally strong. By contrast, parks, pharmacies, and childcare options are limited within the immediate neighborhood footprint, which can influence resident mix and amenity expectations at the property level.
Within a 3‑mile radius, demographics show population growth over the last five years with further increases projected, alongside rising median and mean household incomes. This combination expands the local renter pool and supports rent levels. Forecasts indicate a sizable increase in household counts, which can translate into a larger tenant base; investors should plan leasing strategies that address both move-up renters and cost-conscious households.
Home values in the neighborhood test above national norms, characterizing a higher-cost ownership market. That context typically sustains rental demand and can support pricing power, while the area’s rent-to-income levels suggest manageable affordability pressure that benefits retention and renewals. School ratings average below the national midpoint, so properties with on-site amenities and unit quality may have an advantage in attracting and retaining households prioritizing value and convenience over school-driven location choices.
Safety indicators for the neighborhood benchmark below the national median and are weaker than the Stockton metro average, based on WDSuite’s data. While overall crime positioning is not a core strength, recent estimates show property offenses trending down year over year, suggesting some stabilization. Investors should account for typical security measures and resident communication to support leasing and retention.
Regional employers within commuting distance provide a diversified employment base that underpins renter demand, including roles in consumer products, retail headquarters, distribution, and energy. The list below highlights notable names relevant to this neighborhood’s renter pool.
- Clorox — consumer products (11.7 miles)
- Ross Stores — retail HQ (35.8 miles) — HQ
- DISH Network Distribution Center — distribution (36.1 miles)
- The Clorox Company — consumer products (37.2 miles)
- Chevron — energy HQ (37.3 miles) — HQ
3274 Blue Ridge Cir is a 25‑unit asset positioned in a neighborhood where renter-occupied housing represents a majority share and occupancy trends are near national norms, supporting steady tenant demand. Within a 3‑mile radius, recent population growth and a projected increase in households point to a larger renter pool over the next several years, while rising incomes bolster capacity to sustain rent levels. Elevated local home values relative to incomes indicate a high-cost ownership environment that tends to reinforce reliance on multifamily housing.
According to CRE market data from WDSuite, neighborhood amenities are strongest in daily-needs retail and food service density, though limited parks, pharmacies, and childcare point to amenity gaps investors should offset with on-site offerings and service. Safety benchmarks trail metro and national medians, so prudent security and resident engagement remain part of the operating plan. Overall, the balance of renter depth, household growth, and ownership cost context supports a stable, income-focused hold with tactical value-add potential through unit and amenity upgrades.
- Majority renter-occupied neighborhood and near-median occupancy support leasing stability
- 3‑mile growth in population and projected household gains expand the tenant base
- Elevated home values sustain rental demand and can support pricing power
- Daily-needs access (grocery, cafes, restaurants) offsets limited parks and childcare
- Risk: Safety metrics below metro and national medians require active management