| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 52nd | Good |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7611 Lighthouse Dr, Stockton, CA, 95219, US |
| Region / Metro | Stockton |
| Year of Construction | 1987 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7611 Lighthouse Dr Stockton Multifamily Investment
This 72-unit property benefits from strong neighborhood occupancy at 96.5% and a rental-heavy housing market with 67% renter-occupied units. CRE market data from WDSuite shows the neighborhood ranks in the top 20% regionally for rental share, supporting consistent tenant demand.
Built in 1987, this property aligns with the neighborhood's average construction vintage, minimizing capital expenditure disparities while positioning for value-add opportunities through selective renovations. The surrounding area demonstrates solid fundamentals for multifamily investors, with 67.4% of housing units occupied by renters—ranking 8th among 179 metro neighborhoods and placing in the 96th percentile nationally for rental share.
Neighborhood occupancy remains stable at 96.5%, ranking above the metro median and in the 80th percentile nationally. Median contract rents of $1,464 reflect market positioning in the 77th percentile nationally, while demographic data within a 3-mile radius shows a population of approximately 89,400 residents with household growth of 4.5% over the past five years. Income trends support rental demand, with median household income at $88,818 and projected growth to $145,246 by 2028—a 63% increase that strengthens the tenant base's rent-paying capacity.
The area maintains moderate amenity access with childcare facilities ranking in the 74th percentile nationally, though cafe and park density remains limited. Home values averaging $413,744 with 35% five-year appreciation reinforce rental demand by keeping ownership costs elevated relative to renting, supporting tenant retention and lease renewal rates in this rental-concentrated market.
Crime metrics show mixed trends with property offense rates declining 27% year-over-year and violent crime down 34%, indicating improving conditions. The neighborhood ranks 47th of 179 metro neighborhoods for overall crime, placing it near the metro median. Property offense rates rank in the 25th percentile nationally, while violent crime sits in the 35th percentile, suggesting room for continued improvement as recent downward trends persist.
Investors should monitor these improving safety trends as they can influence tenant retention and property values. The significant year-over-year decreases in both property and violent crime rates rank the neighborhood in the 70th and 77th percentiles nationally for crime reduction, respectively, which may support long-term occupancy stability and renewal rates.
The employment base includes several major corporate offices within commuting distance, providing workforce housing demand from diverse industries including consumer goods, technology, and healthcare sectors.
- Clorox — consumer goods (12.7 miles)
- DISH Network Distribution Center — telecommunications (35.2 miles)
- Ross Stores — retail corporate offices (35.9 miles) — HQ
- Chevron — energy (37.3 miles) — HQ
- The Clorox Company — consumer goods (37.3 miles)
This 1987-built property operates in a rental-dominant market with 96.5% neighborhood occupancy and demographic tailwinds supporting multifamily demand. Population growth of 7.3% over five years, combined with projected household income increases to $145,246 by 2028, creates a strengthening tenant base. The 67% renter-occupied housing share—ranking in the 96th percentile nationally—demonstrates sustained rental preference over ownership in this market.
According to multifamily property research from WDSuite, the neighborhood's median rents of $1,464 position in the 77th percentile nationally while maintaining strong occupancy metrics. Recent crime reductions of 27% for property offenses and 34% for violent crime support improving fundamentals, though investors should continue monitoring safety trends as part of ongoing asset management.
- High rental concentration (67%) creates consistent tenant demand pool
- Stable occupancy at 96.5% with rents in top quartile nationally
- Projected 63% household income growth supports rent growth potential
- 1987 vintage allows for value-add renovation opportunities
- Risk: Monitor crime trends and limited amenity density for tenant appeal