| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 52nd | Good |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8429 Mariners Dr, Stockton, CA, 95219, US |
| Region / Metro | Stockton |
| Year of Construction | 1987 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8429 Mariners Dr Stockton Multifamily Investment
This 112-unit property benefits from strong neighborhood-level occupancy at 96.5% and a rental-heavy market where 67% of residents rent rather than own. According to WDSuite's CRE market data, the area shows expanding household formation with a 43% projected increase through 2028.
Located in Stockton's inner suburban market, this neighborhood ranks in the top quartile among 179 metro neighborhoods for housing fundamentals. The area maintains strong occupancy rates at 96.5%, reflecting steady rental demand in a market where renter households comprise 67% of all occupied units—ranking 8th among metro neighborhoods for rental concentration.
Built in 1987, the property aligns with the neighborhood's average construction vintage, minimizing obsolescence risk while offering potential value-add opportunities through targeted unit renovations. Median contract rents of $1,464 position the market competitively, with the neighborhood ranking 66th of 179 for affordability relative to regional standards.
Demographics within a 3-mile radius show population growth of 5.8% over the past five years, with household formation expanding 4.4% during the same period. Projected demographic trends indicate continued expansion, with households forecast to increase 43% through 2028, supporting a larger tenant base. The area's median household income of $89,673 provides solid rental demand fundamentals, though home values averaging $413,744 create moderate ownership competition for higher-income renters.
The neighborhood shows average safety metrics relative to the broader Stockton metro area, ranking 47th among 179 neighborhoods for overall crime levels and achieving the 52nd national percentile. Property crime rates have declined 26.9% year-over-year, placing the area in the 70th percentile nationally for crime reduction trends.
Violent crime rates also show improvement, declining 34.1% annually and ranking in the 77th percentile nationally for violent crime reduction. While absolute crime levels remain above national averages, the improving trend trajectory suggests enhanced neighborhood stability that can support tenant retention and property values over time.
The Stockton area benefits from proximity to major corporate employers that support regional workforce housing demand, with several Fortune 500 companies maintaining operations within commuting distance.
- Clorox — consumer goods manufacturing (13.2 miles)
- DISH Network Distribution Center — telecommunications distribution (34.7 miles)
- Ross Stores — retail headquarters (36.2 miles) — HQ
- Chevron — energy headquarters (37.5 miles) — HQ
- The Clorox Company — corporate offices (37.6 miles)
This Stockton multifamily asset offers exposure to a rental-concentrated market with strong occupancy fundamentals and expanding demographic trends. The neighborhood's 96.5% occupancy rate ranks in the top third among metro neighborhoods, while the area's 67% rental share creates a deep tenant pool less susceptible to ownership migration. Based on CRE market data from WDSuite, household formation is projected to expand 43% through 2028, supporting continued rental demand growth.
The 1987 construction year aligns with neighborhood norms while positioning the property for value-add renovations that can capture rent premiums in a market where median rents of $1,464 remain affordable relative to rising household incomes. Home values averaging $413,744 create moderate ownership competition but also indicate neighborhood stability and potential for rental rate growth as the area continues to mature.
- Strong occupancy fundamentals with 96.5% neighborhood-level rates ranking in top third metro-wide
- Rental-heavy market with 67% of households renting, reducing ownership competition
- Projected 43% household growth through 2028 expanding the tenant base
- Value-add potential through unit renovations given 1987 vintage
- Risk: Crime levels above national averages despite improving trends