| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 42nd | Poor |
| Amenities | 30th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10301 Preston Ln, Jamestown, CA, 95327, US |
| Region / Metro | Jamestown |
| Year of Construction | 1998 |
| Units | 21 |
| Transaction Date | 2016-12-16 |
| Transaction Price | $2,800,000 |
| Buyer | OAK HILLS HOUSING LP |
| Seller | OAK HILLS APARTMENTS LP |
10301 Preston Ln, Jamestown CA Multifamily Investment
Neighborhood occupancy is competitive among Sonora metro areas and in the top quartile nationally, according to WDSuite’s CRE market data, supporting durable renter demand for a 21-unit asset. Built 1998, the property’s newer vintage versus local stock positions it well against older comparables.
Jamestown’s Inner Suburb setting offers day-to-day convenience with grocery and park access near the metro average, while cafes and pharmacies are thinner locally. The neighborhood’s overall rating is B+ (ranked 8 of 26 in the Sonora metro), indicating performance that is above the metro median on several housing fundamentals without relying on urban amenity density.
Occupancy for the neighborhood ranks 3 of 26 and sits in the top quartile nationally, a favorable backdrop for leasing stability. Median contract rents and rent-to-income metrics point to manageable affordability pressure relative to incomes, which can aid retention and reduce turnover risk for operators.
Ownership costs are elevated for the area (home values benchmark high nationally and the value-to-income ratio is among the higher readings in the metro), which tends to reinforce reliance on rental housing and supports depth of the tenant base. At the same time, average school ratings trail national norms, an operational consideration for family-oriented units and marketing strategy.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, with forecasts indicating more households and slightly smaller average household size by 2028. This pattern typically enlarges the renter pool and supports occupancy stability; based on multifamily property research from WDSuite, this demand tailwind aligns with neighborhood renter-occupied share near two-fifths of housing units.
Vintage context: the neighborhood’s average construction year skews older (1960s), while this property’s 1998 construction provides relative competitiveness versus legacy stock. Investors should still plan for selective modernization to keep interiors and building systems market-relevant over the hold.
Safety indicators for the neighborhood benchmark below the national median overall (around the low-40s percentile nationally) and rank 20 out of 26 among Sonora metro neighborhoods, signaling relatively higher crime exposure than metro peers. Investors should underwrite to prudent security and operational protocols consistent with submarkets that trail metro averages.
Trend-wise, estimated property offenses have improved year over year with a notable decline, while estimated violent offense measures show a recent uptick. These mixed signals argue for continued monitoring of local trends and collaboration with property management on preventative measures without overrelying on any single year’s movement.
This 21-unit asset built in 1998 benefits from neighborhood occupancy that ranks among the strongest in the Sonora metro and the top quartile nationally, supporting leasing stability. Elevated ownership costs in the area sustain renter reliance, while household growth within 3 miles and a projected increase in households by 2028 point to a larger tenant base. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share and rent-to-income dynamics suggest demand depth with manageable affordability pressure, positioning the property for steady performance with thoughtful lease management.
Relative to older neighborhood stock, the property’s vintage offers competitive positioning; targeted renovations can enhance rents and retention without full-scale repositioning. Key considerations include below-average school ratings, thinner amenity density in select categories, and safety metrics that lag metro averages—factors best addressed through asset-specific improvements and conservative underwriting.
- Occupancy resilience: neighborhood ranks high in metro and top quartile nationally, supporting stable lease-up and retention.
- Demand drivers: 3-mile household growth and smaller projected household sizes expand the renter pool.
- Competitive vintage: 1998 construction outpositions older local stock; selective upgrades can capture value-add upside.
- Pricing power context: elevated ownership costs bolster multifamily demand and support leasing stability.
- Risks: safety benchmarks below metro averages and lower school ratings warrant proactive management and conservative underwriting.