602-710 Wimbledon Dr - Apartments FOR SALE


Lodi, CA 95240
$18,000,000 USD
209-331-3184
602-710 Wimbledon Dr, Lodi, CA for Sale
$18,000,000 USD
Apartments - FOR SALE
1/19
null | 5.53% Cap Rate

602-710 Wimbledon Dr
Lodi, CA 95240


HIGHLIGHTS

  • 107-unit apartment complex in Lodi, CA.
  • Strong unit mix featuring sought-after amenities, including community pool, fitness center, walk-in closets, and in-unit washer/dryer hookups.
  • Adjacent 38 Unit Portfolio Available on Request

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

107

PRICE/UNIT

$168,224

CAP RATE

5.53%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wimbledon Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

148

LAND DETAILS

LAND ACRES

3.52 AC

LAND SF

153,331 SF

ZONING

PD4, Lodi

APN/PARCEL ID

060-100-04,060-190-01

ASK ABOUT THIS PROPERTY

Adam LucatelloColliersMore Info
209-331-3184

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Adam LucatelloColliersMore Info
209-331-3184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.