| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 52nd | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5216 Basilica Dr, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 1978 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5216 Basilica Dr Stockton Multifamily Investment
Neighborhood-level occupancy has been strong and renter demand deep, according to WDSuite’s CRE market data, supporting income stability for a 78-unit asset in an inner-suburban Stockton location. These metrics reflect the surrounding neighborhood, not the property’s current operations.
Located in Stockton’s inner suburbs, the property sits in a neighborhood rated A+ with a rank of 7 out of 179 metro neighborhoods, placing it competitive among Stockton neighborhoods. The area’s occupancy is high at the neighborhood level and ranks 28 of 179, indicating above metro median stability and top quartile nationally by percentile readings. A renter-occupied share near the top of the metro (ranked 6 of 179) signals a deep tenant base for multifamily leasing.
Everyday amenities are a relative strength. Grocery access ranks 44 of 179 and pharmacies 15 of 179, both above the metro median and high in national percentiles. Restaurants are also dense (rank 35 of 179), while parks and childcare coverage (ranks 37 and 38 of 179) support family-oriented demand. Cafe density is limited, which may modestly reduce walk-to-coffee appeal but does not materially diminish daily convenience.
Within a 3-mile radius, demographics show measured population growth over the past five years with a forecast for additional gains by 2028, alongside an expected increase in households. This points to a larger renter pool over time and supports occupancy stability. Household sizes are steady to slightly easing in the forecast, which can bolster demand for smaller formats typical of garden and mid-scale multifamily.
Ownership costs are elevated relative to incomes at the neighborhood level (value-to-income ratio in a high national percentile), and median home values trend above many U.S. neighborhoods. For investors, this high-cost ownership market tends to reinforce reliance on rental housing, supporting retention and pricing power when managed against rent-to-income considerations. School ratings average around the middle of the pack nationally, a neutral factor for broad-based renter appeal.
Safety metrics for the surrounding neighborhood track below national averages, with national percentiles indicating higher property and violent offense rates than many U.S. neighborhoods. Within the Stockton metro, the neighborhood’s crime rank sits in the lower tier (127 of 179), suggesting investors should underwrite for appropriate security measures and insurance line items.
Recent one-year trends show property offenses increasing and violent offenses edging higher at the neighborhood level. While conditions can vary block-to-block, prudent operating plans that include lighting, access control, and resident engagement can help support tenant retention and asset performance over time.
The broader Stockton–East Bay corridor provides access to regional employers that support renter demand through commute convenience and a diversified employment base. Notable nearby names include consumer goods, retail headquarters, distribution, and energy.
- Clorox — consumer goods (10.4 miles)
- Ross Stores — retail HQ and corporate (36.6 miles) — HQ
- DISH Network Distribution Center — distribution (37.1 miles)
- The Clorox Company — corporate offices (38.0 miles)
- Chevron — energy corporate (38.4 miles) — HQ
This 78-unit multifamily asset benefits from a neighborhood with above-metro occupancy stability, a high renter-occupied share, and everyday amenities that compare favorably across Stockton. Within a 3-mile radius, recent population growth and a projected increase in households by 2028 point to a larger tenant base, supporting leasing consistency and retention. Elevated ownership costs at the neighborhood level further sustain demand for rental options, while rent-to-income readings suggest ongoing lease management focus rather than outsized affordability pressure.
According to commercial real estate analysis from WDSuite, the neighborhood’s amenity access, strong occupancy percentile, and renter concentration support durable income potential relative to broader U.S. benchmarks. Key risks include below-average safety percentiles and the need to budget for security and insurance; however, demand-side fundamentals remain constructive for long-term hold strategies.
- Strong neighborhood occupancy and high renter concentration support income stability
- Everyday amenities (grocery, pharmacies, restaurants) compare well across Stockton
- 3-mile demographic growth and forecast household gains expand the tenant base
- Risk: below-average safety percentiles warrant prudent security and insurance budgeting