| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 40th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5315 Carrington Cir, Stockton, CA, 95210, US |
| Region / Metro | Stockton |
| Year of Construction | 2008 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5315 Carrington Cir Stockton Multifamily Investment
This 21-unit property built in 2008 operates in a neighborhood ranking in the top 10% among 179 Stockton metro neighborhoods, with 95.7% occupancy and strong renter demand supported by commercial real estate analysis from WDSuite.
Located in an Inner Suburb neighborhood that ranks 17th among 179 Stockton metro neighborhoods with an A rating, this area demonstrates solid fundamentals for multifamily investment. The property was constructed in 2008, representing newer vintage compared to the neighborhood average of 1992, which positions it competitively for reduced near-term maintenance needs and tenant appeal.
Neighborhood-level occupancy reaches 95.7%, ranking in the top quartile nationally at the 75th percentile, indicating strong rental demand stability. With 55.3% of housing units occupied by renters (91st percentile nationally), the area maintains a substantial tenant base. Median contract rents of $1,331 have grown 47.9% over five years, reflecting pricing power in this market.
Demographics within a 3-mile radius show a population of approximately 141,000 with household income growth of 95.3% over five years to a mean of $87,287. Forecasted data suggests continued household formation, with projected household count increases of 35.8% by 2028, supporting expansion of the renter pool. The area benefits from strong amenity density, ranking in the 95th percentile nationally for restaurants per square mile and 92nd percentile for grocery stores, enhancing tenant retention potential.
Safety metrics for this neighborhood show mixed performance within the Stockton metro context. Property crime rates rank 123rd among 179 local neighborhoods, placing it in the lower half of metro performance, though the area has experienced a 37.4% decrease in property offense rates over the past year, ranking 23rd for improvement trends.
Violent crime rates similarly rank 120th among metro neighborhoods. However, investors should note the positive trajectory, with violent offenses declining 18.8% year-over-year. While current safety metrics require attention in tenant screening and property management protocols, the improving trend suggests potential stabilization in neighborhood conditions.
The Stockton area benefits from proximity to major corporate employers that support workforce housing demand, with several Fortune 500 companies maintaining significant operations within commuting distance.
- Clorox — consumer products (10.8 miles)
- DISH Network Distribution Center — telecommunications distribution (36.6 miles)
- Ross Stores — retail headquarters (38.4 miles) — HQ
- Chevron — energy headquarters (40.2 miles) — HQ
- International Paper — manufacturing (41.0 miles)
This 21-unit property presents a compelling value-add opportunity in a top-performing Stockton neighborhood. Built in 2008, the asset offers 16 years newer vintage than the neighborhood average, positioning it competitively for tenant attraction while potentially requiring less immediate capital expenditure than older stock. According to CRE market data from WDSuite, the neighborhood maintains 95.7% occupancy and ranks in the top 10% of metro areas, with 55.3% renter-occupied units providing a stable tenant base.
Demographic projections within the 3-mile radius indicate household growth of 35.8% by 2028, expanding the potential renter pool significantly. With median household income growth of 95.3% over five years and projected rent growth of 51.3% through 2028, the fundamentals support both occupancy stability and rental rate progression. The area's strong amenity density, ranking in the 95th percentile nationally for dining and 92nd percentile for grocery access, enhances tenant retention potential.
- Neighborhood ranks 17th among 179 Stockton metro areas with 95.7% occupancy
- 2008 construction provides competitive advantage over 1992 neighborhood average
- Projected 35.8% household growth supports expanding renter demand through 2028
- Strong amenity density with top 10% national ranking for retail and dining access
- Safety metrics show improving trends despite current challenges requiring active management