| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 38th | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6248 Gettysburg Pl, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 1977 |
| Units | 25 |
| Transaction Date | 2018-11-08 |
| Transaction Price | $2,130,000 |
| Buyer | REDWOOD PROPERTY INVESTORS III LLC |
| Seller | RISARIS LLC |
6248 Gettysburg Pl Stockton Multifamily Investment
This 25-unit property in an inner suburb neighborhood ranks in the top quartile nationally for rental occupancy share at 92nd percentile, indicating strong rental demand dynamics according to CRE market data from WDSuite.
Built in 1977, this property aligns with the neighborhood's average construction vintage, suggesting potential value-add opportunities through strategic renovations and unit improvements. The area demonstrates strong rental fundamentals with 56.1% of housing units renter-occupied, ranking in the 92nd percentile nationally among comparable neighborhoods.
The neighborhood ranks 48th among 179 Stockton metro neighborhoods with a B+ rating, positioned above metro median across key investment metrics. Demographic data within a 3-mile radius shows a balanced tenant base with median household income of $72,931 and forecasted growth to $111,413 by 2028, supporting rent growth potential and tenant retention.
Neighborhood-level occupancy sits at 88.0%, though this represents a 2.9% decline over five years, requiring attention to lease management and tenant retention strategies. The area benefits from exceptional amenity density, ranking 1st metro-wide for cafes, grocery stores, pharmacies, and restaurants per square mile, enhancing tenant appeal and supporting occupancy stability.
Current median contract rents of $1,160 with 38.8% five-year growth indicate healthy rent appreciation, while forecasted demographic expansion suggests continued rental demand. The rent-to-income ratio of 18% provides affordability cushion that supports lease renewals and reduces turnover risk.
The neighborhood demonstrates moderate safety metrics with property crime rates declining 23.3% year-over-year, ranking in the 67th percentile nationally for crime reduction trends. Violent crime has decreased significantly by 40.4%, placing the area in the 81st percentile for improvement among comparable neighborhoods nationwide.
Overall crime performance ranks 45th among 179 Stockton metro neighborhoods, positioning above metro median. While current property crime rates require standard due diligence, the sustained downward trend in both violent and property offenses suggests improving conditions that support tenant retention and property values.
The Stockton area benefits from proximity to major corporate employers, providing workforce housing opportunities for professionals commuting to established business centers throughout the Central Valley and Bay Area regions.
- Clorox — consumer products (11.2 miles)
- DISH Network Distribution Center — telecommunications distribution (36.3 miles)
- Ross Stores — retail headquarters (37.2 miles) — HQ
- Chevron — energy headquarters (38.9 miles) — HQ
- International Paper — manufacturing (40.4 miles)
This 25-unit property offers compelling fundamentals in a neighborhood that ranks in the 92nd percentile nationally for rental occupancy share, indicating sustained multifamily demand. The 1977 construction year presents value-add renovation opportunities while demographic projections show household growth and income expansion within a 3-mile radius, supporting future rent growth potential.
The area's exceptional amenity density ranking 1st metro-wide across multiple categories enhances tenant retention, while declining crime trends and moderate affordability ratios provide stability factors for long-term hold strategies. However, the 2.9% five-year decline in neighborhood occupancy requires active lease management and potential capital improvements to maintain competitive positioning.
- Strong rental demand fundamentals with 92nd percentile national ranking for renter occupancy
- Value-add renovation potential given 1977 vintage and neighborhood improvement trends
- Demographic growth projections support 53% median income increase by 2028
- Exceptional amenity access ranking 1st metro-wide enhances tenant appeal
- Risk factor: Neighborhood occupancy decline requires proactive lease management strategies