| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 50th | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1935 Ponderosa Dr, Oakdale, CA, 95361, US |
| Region / Metro | Oakdale |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1935 Ponderosa Dr, Oakdale CA Multifamily Investment
Neighborhood occupancy is strong and stable at the area level, supporting durable cash flow potential, according to WDSuite’s CRE market data. With Oakdale s steady renter demand and solid location fundamentals, this asset merits deeper underwriting.
The property sits in an Inner Suburb neighborhood rated A+ and ranked 2 out of 130 in the Modesto metro, positioning it among the most competitive areas locally. Neighborhood occupancy is 97.4%, which is competitive among Modesto neighborhoods (ranked 50 of 130) and in the top quartile nationally (85th percentile), a constructive signal for sustaining lease-up and renewals.
Livability drivers are notable: grocery, park, and pharmacy access each score around the 90th-plus national percentile, and cafes and restaurants are similarly above national norms. For investors, these amenities typically translate into stronger resident retention and marketing efficiency, especially for workforce households. Average school ratings in the neighborhood are 2.5 out of 5 (near the national midpoint), which may modestly temper family-led demand but remains serviceable for broad renter profiles.
Vintage matters: the area s average construction year is 1958, while the subject 9s 1984 build is newer than much of the surrounding stock. That relative position can support competitive leasing versus older assets while still warranting prudent capital planning for aging systems and selective renovations to enhance rentability.
Tenure patterns indicate a meaningful renter base: roughly one-third of neighborhood housing units are renter-occupied (renter concentration ~33.7%), signaling depth for multifamily demand without oversaturation. Within a 3-mile radius, demographics show stable current population with a projected increase in both households and incomes over the next five years, suggesting a larger tenant base and potential support for rent growth. Median home values are elevated for the region and rent-to-income levels around 0.14 imply manageable affordability pressure, which can aid lease retention while still allowing measured pricing power, based on CRE market data from WDSuite.
Safety indicators are mixed and should be framed comparatively. Overall crime levels sit near the national midpoint (crime national percentile around the 48th), while property and violent offense percentiles are below the national median. Within the Modesto metro context, the neighborhood 9s crime rank of 21 out of 130 indicates higher crime relative to many local peers, so investors should underwrite security line items and resident experience accordingly.
Trend signals are constructive: year-over-year violent offense rates show notable improvement (improvement ranked in the upper tier nationally), and property offenses are also trending lower. For underwriting, this points to a neighborhood where safety metrics are moving in a favorable direction, yet on-site measures and insurance assumptions remain important.
Regional employment access includes established corporate offices that bolster commuter demand; nearby examples include consumer goods operations that contribute to steady workforce housing needs.
- Clorox consumer goods (23.3 miles)
1935 Ponderosa Dr offers a 24-unit footprint in a high-performing Oakdale neighborhood where occupancy is competitive within the Modesto metro and top quartile nationally, supporting leasing stability. The 1984 vintage is newer than the neighborhood s typical stock, providing a relative edge versus older comparables while still calling for thoughtful systems upgrades and targeted renovations. Within a 3-mile radius, steady population today and projected household growth point to a larger renter pool, and elevated ownership costs locally tend to reinforce reliance on multifamily rentals. According to CRE market data from WDSuite, rent levels relative to incomes suggest manageable affordability pressure, a positive backdrop for renewals and disciplined rent setting.
Key considerations include average school ratings, mixed but improving safety indicators, and potential competition from ownership for higher-earning households. Overall, the asset s location quality, amenity access, and demand fundamentals present a balanced value proposition suitable for both core-plus and value-add strategies.
- Competitive neighborhood occupancy and top-quartile national positioning support stable leasing
- 1984 vintage offers a relative edge over older local stock with targeted value-add potential
- 3-mile household growth and rising incomes expand the tenant base, aiding rent durability
- Elevated home values help sustain renter reliance on multifamily, supporting pricing power
- Risks: average school ratings, mixed-but-improving safety metrics, and ownership competition