| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 38th | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6131 Gettysburg Pl, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 1972 |
| Units | 53 |
| Transaction Date | 2025-10-29 |
| Transaction Price | $7,150,000 |
| Buyer | CALIFORNIA AFFORDABLE HOUSING GROUP LP |
| Seller | TEAKWOOD NORMAN LLC |
6131 Gettysburg Pl Stockton Multifamily Investment
This 53-unit property built in 1972 benefits from strong rental demand fundamentals, with neighborhood occupancy of 88% and renter-occupied units comprising 56.1% of local housing stock according to CRE market data from WDSuite.
The property sits in an inner suburb neighborhood that ranks 48th among 179 Stockton metro neighborhoods, earning a B+ rating. With a median household income of $73,559 within a 3-mile radius and strong amenity density including 54 restaurants per square mile (99th percentile nationally), the area supports consistent tenant demand for multifamily housing.
Built in 1972, this property aligns with the neighborhood's average construction year of 1978, suggesting potential value-add opportunities through strategic renovations and unit improvements. The neighborhood's 56.1% renter occupancy rate ranks in the top quartile among metro neighborhoods, indicating established rental demand patterns that support lease-up velocity and occupancy stability.
Demographic projections within the 3-mile radius show household growth from 52,121 to 71,095 by 2028, representing a 36.4% increase that expands the potential tenant base. Median household income is forecast to rise 53.2% to $111,717, while median contract rent is projected to increase 45.8% to $1,869, supporting future rental pricing power.
Home values averaging $449,629 with 71.4% five-year appreciation sustain rental demand by limiting ownership accessibility for many households. The neighborhood's rent-to-income ratio of 0.18 suggests manageable affordability for current income levels, though investors should monitor retention dynamics as rents adjust upward.
The neighborhood's crime metrics show a mixed profile, ranking 45th of 179 metro neighborhoods for overall crime (53rd percentile nationally). Property offense rates of 587 per 100,000 residents declined 23.3% year-over-year, indicating improving trends that support tenant retention and property values.
Violent crime rates of 105 per 100,000 residents fell 40.4% annually, placing the neighborhood in the 81st percentile nationally for crime reduction. While absolute crime levels remain above metro averages, the significant downward trajectory suggests stabilizing conditions that benefit long-term investment fundamentals.
The Stockton area provides access to diverse corporate employment within commuting distance, supporting workforce housing demand from professional tenants.
- Clorox — consumer products manufacturing (11.0 miles)
- DISH Network Distribution Center — telecommunications distribution (36.4 miles)
- Ross Stores — retail corporate offices (37.1 miles) — HQ
- The Clorox Company — consumer products corporate (38.5 miles)
- Chevron — energy corporate offices (38.8 miles) — HQ
This 53-unit property offers value-add potential through its 1972 vintage, allowing investors to capture upside through strategic renovations while benefiting from established rental demand in a neighborhood with 56.1% renter occupancy. Household growth of 36.4% projected through 2028 expands the tenant base, while forecast median income increases of 53.2% support future rent growth according to commercial real estate analysis from WDSuite.
The neighborhood's improving safety profile, with property crime down 23.3% and violent crime declining 40.4% year-over-year, creates conditions for sustained tenant retention and property value appreciation. Strong amenity density including top-percentile restaurant and grocery access enhances tenant appeal, while elevated home values maintain rental demand by limiting ownership competition.
- Value-add opportunity through 1972 vintage property improvements
- Strong rental demand with 56.1% neighborhood renter occupancy
- Projected 36.4% household growth expanding tenant base through 2028
- Improving safety trends with significant crime reduction
- Risk: Below-average NOI per unit at $4,124 requires operational efficiency focus