| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4416 Precissi Ln, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 2002 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4416 Precissi Ln Stockton Multifamily with Durable Renter Demand
Neighborhood occupancy is steady and renter concentration is high, according to WDSuite s commercial real estate analysis, supporting consistent leasing fundamentals for a 40-unit asset in Stockton s urban core.
Livability drivers in this Urban Core pocket of Stockton lean toward daily conveniences and food access. The neighborhood ranks competitive among Stockton s 179 neighborhoods for overall amenities (ranked 29 of 179; top quartile nationally), with restaurants and cafes particularly dense (both near the top of the metro by rank). Grocery options also score well in-metro, aiding day-to-day renter convenience. By contrast, parks and pharmacies are sparse locally, which may reduce walkable recreation and healthcare access and is worth factoring into amenity packages or resident services.
The property s 2002 vintage is newer than the neighborhood s average construction year of 1979 (ranked 62 of 179), which generally supports competitive positioning versus older stock. Investors should still anticipate selective modernization and building systems planning typical for assets now two decades old.
Multifamily demand signals are favorable for depth of tenant base. The share of housing units that are renter-occupied is very high in this neighborhood (ranked 2 of 179), pointing to sustained apartment demand and potential leasing velocity. Neighborhood occupancy is 92.7% (58th percentile nationally), indicating broadly stable utilization at the neighborhood level rather than property-specific performance.
Within a 3-mile radius, population and household counts have grown historically and are projected to continue expanding through the next five years, implying a larger tenant base and supporting occupancy stability. Median home values sit in a higher national percentile, and the value-to-income ratio trends elevated for the metro context, which can reinforce reliance on rental housing; however, rent-to-income levels in the neighborhood suggest some affordability pressure that owners should manage through prudent rent setting and renewal strategies based on CRE market data from WDSuite.
Safety trends are mixed and should be underwritten with current comps. The neighborhood sits below the metro median on crime (ranked 86 of 179; lower national percentile), but recent trend data shows improvement: estimated violent offense rates declined sharply year over year (improvement ranked in the top quintile nationally), and property offenses also trended lower. These are neighborhood-level signals and can vary by block and asset; investors typically account for this via security measures, lighting, and resident engagement.
Nearby corporate offices within a commutable radius support renter demand and retention for workforce and mid-level professionals, including consumer goods, retail, distribution, and energy employers listed below.
- Clorox d consumer goods offices (9.8 miles)
- Ross Stores d retail corporate offices (36.9 miles) d HQ
- DISH Network Distribution Center d distribution (37.6 miles)
- The Clorox Company d corporate offices (38.3 miles)
- Chevron d energy corporate offices (38.7 miles) d HQ
This 40-unit asset, built in 2002, offers a newer vintage relative to the neighborhood average, supporting competitive positioning versus older stock while leaving room for targeted upgrades. Neighborhood occupancy is 92.7%, and renter-occupied housing share ranks near the top locally, indicating depth of demand and potential for stable leasing. According to CRE market data from WDSuite, local amenities skew strongly toward food and grocery access, a plus for day-to-day convenience, though limited parks and pharmacies and mixed safety rankings should be addressed through property operations and resident services.
Within a 3-mile radius, historic growth and projected increases in population and households suggest a gradually expanding renter pool to support occupancy and retention. Elevated ownership costs in the area, alongside mid-to-high national positioning for home values, help sustain rental reliance, but neighborhood rent-to-income levels point to affordability pressure that warrants thoughtful rent growth and renewal management.
- Newer 2002 construction versus local stock, with potential for selective value-add
- High renter-occupied share in the neighborhood supports depth of tenant demand
- Amenity-rich for food and grocery access, aiding resident convenience and retention
- Expanding 3-mile population and household base supports occupancy stability over time
- Risks: mixed safety rankings, limited parks/pharmacies, and rent-to-income pressure require active asset management