| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 19th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2925 Sunset Way, Tracy, CA, 95376, US |
| Region / Metro | Tracy |
| Year of Construction | 1979 |
| Units | 22 |
| Transaction Date | 2018-02-14 |
| Transaction Price | $3,350,000 |
| Buyer | HAYES APARTMENT HOMES LLC |
| Seller | MOIR RALPH W |
2925 Sunset Way Tracy 22-Unit Multifamily Investment
Renter demand appears durable with a high neighborhood renter concentration and competitive occupancy, according to WDSuite’s CRE market data. This location offers income stability potential supported by strong local amenities and a high-cost ownership market.
The property sits in an Urban Core pocket of Tracy within the Stockton, CA metro, where the neighborhood holds an A- rating and ranks 35th of 179 neighborhoods — top quartile among metro peers. Occupancy for the neighborhood is competitive among Stockton neighborhoods and in the top quartile nationally, supporting steady leasing conditions for multifamily assets.
Livability drivers are anchored by daily-needs access: grocery and pharmacy density rank near the top of the metro (both 11th of 179) and score in the upper 90s nationally. Restaurant and cafe availability also trends well above national norms. A notable trade-off is limited park access and below-average school ratings, which may influence unit mix strategy and tenant profiles more than day-to-day leasing velocity.
Tenure dynamics favor multifamily: roughly six in ten housing units in the neighborhood are renter-occupied, indicating a deep tenant base for workforce and market-rate rentals. Within a 3-mile radius, recent population and household growth, alongside a projected increase in households over the next five years, point to a larger tenant base and support for occupancy stability. Median household incomes in the area have risen meaningfully, which can underpin rent collections, while prudent lease management remains important as rents progress.
Home values are elevated for the region and rank high nationally, creating a high-cost ownership market that tends to sustain reliance on multifamily housing and can support pricing power. The asset’s 1979 vintage is newer than the neighborhood’s average stock (1961), providing relative competitive positioning versus older buildings, while still presenting opportunities for targeted modernization to enhance rents and retention.
Comparable, validated neighborhood crime metrics are not available from WDSuite for this location. In the absence of a ranked data series, investors often benchmark conditions against broader Tracy or San Joaquin County trends and prioritize standard risk controls (lighting, access control, and tenant screening) as part of underwriting and operations.
Proximity to regional employers supports commuter demand and retention, with access to Clorox, Ross Stores, The Clorox Company, Chevron, and Boston Scientific within a typical drive shed.
- Clorox — consumer goods offices (10.5 miles)
- Ross Stores — off-price retail HQ (25.2 miles) — HQ
- The Clorox Company — consumer goods offices (26.3 miles)
- Chevron — energy corporate offices (28.8 miles) — HQ
- Boston Scientific - Building 5 — medical devices (33.7 miles)
This 22-unit property benefits from a renter-driven neighborhood with competitive occupancy and strong daily-needs amenities, supporting steady operations. Elevated home values in the area reinforce rental demand, while the 1979 vintage offers relative competitiveness versus older stock and room for targeted improvements to drive rent and retention. Based on commercial real estate analysis using WDSuite’s CRE market data, the neighborhood sits among the stronger performers in the Stockton metro, with national amenity positioning that helps underpin leasing.
Within a 3-mile radius, recent and forecast growth in population and households suggests a larger tenant base ahead, while rising incomes can support collections and measured rent growth. Key considerations include below-average school ratings and limited park space, which argue for thoughtful positioning and amenity upgrades to sustain absorption and renewals.
- Renter-heavy neighborhood and competitive occupancy support income stability
- Strong grocery/pharmacy access and above-average food/coffee density aid retention
- High-cost ownership market sustains reliance on multifamily housing
- 1979 vintage offers value-add and modernization pathways versus older local stock
- Risks: limited park access and lower school ratings may narrow some demand segments