| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 51st | Good |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6723 Plymouth Rd, Stockton, CA, 95207, US |
| Region / Metro | Stockton |
| Year of Construction | 1979 |
| Units | 60 |
| Transaction Date | 2017-04-13 |
| Transaction Price | $640,000 |
| Buyer | JOHNSON KENNETH E |
| Seller | WELTER JANET G |
6723 Plymouth Rd Stockton Multifamily Investment
Neighborhood occupancy is in the mid-90s, suggesting stable leasing conditions in the immediate area according to WDSuite’s CRE market data, with a meaningful share of housing units renter-occupied that supports ongoing demand.
Situated in Stockton’s inner-suburban fabric, the neighborhood around 6723 Plymouth Rd shows above metro median occupancy performance (ranked against 179 metro neighborhoods), which tends to support steadier cash flow for nearby multifamily assets. Renter-occupied housing represents a substantive portion of local units, indicating a viable tenant base without being overly concentrated in rentals. Median contract rents have advanced over the past five years, pointing to resilient renter demand and potential for disciplined revenue management.
Local convenience is a mixed but serviceable picture: grocery access ranks strong (top quintile nationally), and park access is also strong (top quintile nationally), while cafes and pharmacies are relatively sparse by national comparison. Restaurant density tracks near national midrange, providing everyday amenities without the premium pricing of higher-density corridors. Average school ratings in the area sit slightly below national midrange, which investors may weigh when positioning unit mix and marketing.
For-sale housing values in the neighborhood are elevated versus national norms (high national percentile), which can reinforce renter reliance on multifamily housing and support lease retention, while the local rent-to-income profile (lower national percentile) suggests comparatively manageable rent burdens that can aid renewal strategies. The property’s 1979 vintage is slightly older than the neighborhood average (1976), implying routine capital planning and potential value-add through targeted renovations to remain competitive with newer stock.
Within a 3-mile radius, demographics indicate recent population growth and a projected increase in households through 2028, expanding the renter pool and supporting occupancy stability. Incomes have trended higher in the area, and forecast rent levels are expected to continue rising, which—if managed carefully—can sustain pricing power without overextending affordability.
Safety indicators are mixed. Relative to 179 Stockton metro neighborhoods, the area sits below the metro median for safety, while national comparisons track close to the middle of the pack. Year over year, property offenses have improved materially—ranking among the stronger improvements nationally—whereas violent offense indicators remain above national averages. Investors should underwrite with conservative assumptions and consider standard security and lighting enhancements as part of ongoing operations.
Regional employment is anchored by corporate and distribution employers within commuting distance, supporting workforce housing demand and tenant retention for nearby multifamily. Key drivers include consumer products, off-price retail headquarters, logistics, and energy.
- Clorox — consumer products offices (11.7 miles)
- Ross Stores — retail headquarters & corporate (35.9 miles) — HQ
- DISH Network Distribution Center — logistics & distribution (36.1 miles)
- Chevron — energy corporate offices (37.4 miles) — HQ
- International Paper — packaging & paper operations (39.9 miles)
This 60-unit, late-1970s asset offers durable renter demand supported by an above metro median neighborhood occupancy profile, elevated local home values that reinforce multifamily reliance, and a growing household base within a 3-mile radius. According to CRE market data from WDSuite, neighborhood rent levels have risen over the past five years, while rent-to-income signals suggest manageable affordability pressure—factors that can support retention and steady pricing.
The 1979 vintage points to routine capital planning and targeted renovation potential to enhance competitiveness against newer alternatives. Employers across consumer products, retail headquarters, logistics, and energy within a commutable radius provide a broad employment base that can underpin leasing stability. Risks include mixed safety readings and uneven amenity depth (notably limited cafes and pharmacies), along with school ratings that trail national midrange—considerations that argue for measured underwriting and active asset management.
- Neighborhood occupancy above metro median supports income stability
- Elevated home values sustain renter reliance and lease retention potential
- 1979 vintage offers value-add and capex-driven upside to remain competitive
- Diverse employment base within commuting range supports demand and renewals
- Risks: mixed safety signals, uneven amenity depth, and below-midrange school ratings