| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 38th | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6232 N Pershing Ave, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 1976 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6232 N Pershing Ave Stockton Multifamily Investment
Inner-suburban Stockton location with strong everyday amenities and a deep renter base supports leasing durability, according to WDSuite s CRE market data, though investors should underwrite to neighborhood occupancy that trails metro leaders.
This inner suburb of Stockton (neighborhood rating: B+) offers daily convenience that helps multifamily leasing: the area ranks competitive among Stockton a0neighborhoods for amenities (48 of 179) and is top quartile nationally for food-and-service density, with very high concentrations of restaurants, cafes, groceries, and pharmacies. Limited parks and childcare options suggest residents rely more on private or destination amenities, a consideration for family-oriented positioning.
Vintage across the neighborhood skews late-1970s (average 1978). The subject a0property a0was built in 1976, which implies potential value-add via interior modernization and systems upgrades to stay competitive against similarly aged stock. Median contract rents in the neighborhood sit above many U.S. areas, yet rent-to-income is measured at investor-manageable levels, which can support retention and measured rent growth.
Renter concentration is high at the neighborhood level (share of housing units that are renter-occupied), indicating a broad tenant base and steady multifamily demand. However, neighborhood occupancy is below the metro median (rank 155 of 179), so operators should plan for proactive leasing and amenity-led differentiation to sustain stability.
Within a 3-mile radius, demographics point to population growth and an increase in households, with projections calling for further household gains and rising incomes by mid-decade. This combination expands the renter pool and supports absorption, while elevated home values in the area (high-cost ownership market versus national norms) tend to reinforce demand for professionally managed rental housing.
Safety trends are mixed. Neighborhood crime sits around the national middle overall (near the 53rd percentile for composite measures), with violent and property offense rates still elevated versus national averages. That said, year-over-year data shows material improvement in both violent and property categories, which investors can monitor as part of risk assessment and leasing strategy.
Compared with the Stockton metro, crime conditions vary by micro-area; this neighborhood a0ranks 45 out of 179 metro neighborhoods on composite crime measures, and recent declines suggest a positive direction. Operators should incorporate security, lighting, and community standards into capex and operations to support resident satisfaction and retention.
Regional employment anchors within commuting range support renter demand and lease retention, notably across consumer goods, retail, telecom distribution, and energy corporate offices.
- Clorox d consumer goods corporate offices (11.1 miles)
- DISH Network Distribution Center d telecom distribution (36.4 miles)
- Ross Stores d off-price retail corporate (36.8 miles) d HQ
- The Clorox Company d consumer goods corporate (38.2 miles)
- Chevron d energy corporate (38.5 miles) d HQ
6232 N Pershing Ave brings 106 units in an inner-suburban location with exceptional daily convenience and a high share of renter-occupied housing units, supporting a deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy trails the metro median, so performance depends on active leasing and differentiation; the property a0was built in 1976, which creates clear value-add pathways through renovations and targeted system upgrades to enhance competitiveness against similarly aged stock.
Within a 3-mile radius, population growth, rising household counts, and higher incomes are projected to expand the renter pool, while elevated ownership costs in the area tend to sustain reliance on multifamily housing. Amenity density (food, grocery, pharmacy) enhances livability and supports retention, though limited parks and childcare access and mixed safety readings argue for thoughtful on-site programming and security planning.
- Deep renter base and strong everyday amenities support leasing durability
- 1976 vintage offers value-add and capex-driven upside to reposition against peers
- 3-mile population and income growth expand the tenant pool and pricing power
- Elevated ownership costs reinforce multifamily demand relative to for-sale options
- Risks: below-metro neighborhood occupancy, mixed safety readings, limited parks/childcare