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Wimbledon Square Apartments 602-710 Wimbledon Dr 107 Unit Apartment Building $24,764,761 CAD ($231,446 CAD/Unit) 5.53% Cap Rate Lodi, CA 95240
Investment Highlights
- 107-unit apartment complex in Lodi, CA.
- Adjacent 38 Unit Portfolio Available on Request
- Strong unit mix featuring sought-after amenities, including community pool, fitness center, walk-in closets, and in-unit washer/dryer hookups.
Executive Summary
The Wimbledon Square Apartments is a 107-unit multifamily community located at 602–710 Wimbledon Drive in Lodi, California. Built between 1978 and 1979, the property consists of 10 buildings situated on approximately 3.52 acres totaling approximately ±68,311 SF. Unit sizes range from ±560 to ±774 square feet, catering to strong workforce housing demand in a market characterized by steady population growth and relative affordability.
The property is strategically located near the Reynolds Ranch master-planned retail development, one of Lodi’s most significant commercial hubs. Reynolds Ranch is anchored by national retailers including Costco Wholesale, The Home Depot, Sprouts Farmers Market, Dick’s Sporting Goods, and a growing mix of dining and service tenants. This concentration of retail and employment amenities enhances daily convenience for residents, drives traffic to the area, and supports long-term rental demand.
Wimbledon Drive Apartments presents a compelling value-add opportunity driven by aging multifamily inventory and measurable mark-to-market rent upside. Many comparable properties in Lodi remain under-renovated and leased below current market levels, with renovated units in similar Central Valley markets achieving rent premiums of approximately $150 to $350 per unit per month. Targeted interior upgrades, exterior enhancements, and efficiency improvements offer a clear path to increased rental revenue, improved tenant retention, and long-term value creation.
The property is strategically located near the Reynolds Ranch master-planned retail development, one of Lodi’s most significant commercial hubs. Reynolds Ranch is anchored by national retailers including Costco Wholesale, The Home Depot, Sprouts Farmers Market, Dick’s Sporting Goods, and a growing mix of dining and service tenants. This concentration of retail and employment amenities enhances daily convenience for residents, drives traffic to the area, and supports long-term rental demand.
Wimbledon Drive Apartments presents a compelling value-add opportunity driven by aging multifamily inventory and measurable mark-to-market rent upside. Many comparable properties in Lodi remain under-renovated and leased below current market levels, with renovated units in similar Central Valley markets achieving rent premiums of approximately $150 to $350 per unit per month. Targeted interior upgrades, exterior enhancements, and efficiency improvements offer a clear path to increased rental revenue, improved tenant retention, and long-term value creation.
Property Facts
| Price | $24,764,761 CAD | Building Class | B |
| Price Per Unit | $231,446 CAD | Lot Size | 3.52 AC |
| Sale Type | Investment | Building Size | 68,311 SF |
| Cap Rate | 5.53% | Average Occupancy | 98% |
| No. Units | 107 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2000 |
| Property Subtype | Apartment | Parking Ratio | 2.17/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | PD4, Lodi | ||
| Price | $24,764,761 CAD |
| Price Per Unit | $231,446 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| No. Units | 107 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.52 AC |
| Building Size | 68,311 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2000 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | PD4, Lodi |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 75 | - | 561 |
| 2+1 | 32 | - | 774 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,105,489 CAD | |
| Land Assessment | $2,083,426 CAD | Total Assessment | $12,188,915 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,083,426 CAD
Improvements Assessment
$10,105,489 CAD
Total Assessment
$12,188,915 CAD
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Wimbledon Square Apartments | 602-710 Wimbledon Dr
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