| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 18th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6195 66th Ave, Sacramento, CA, 95823, US |
| Region / Metro | Sacramento |
| Year of Construction | 1980 |
| Units | 72 |
| Transaction Date | 2019-03-28 |
| Transaction Price | $7,500,000 |
| Buyer | HAMPSTEAD PARK FLORIN PARTNERS LP |
| Seller | PARK FLORIN COMPANY |
6195 66th Ave Sacramento Multifamily Opportunity
A renter-heavy neighborhood and steady occupancy support leasing durability, according to WDSuite’s CRE market data.
Situated in Sacramento’s inner suburb fabric, the property benefits from a renter-occupied share that is high for the metro, indicating a deep tenant base for multifamily. Neighborhood occupancy has tracked above the national median in recent years; this stability can help underpin collections and reduce turnover volatility at the asset level.
Daily-life amenities are a relative strength. Restaurants, groceries, parks, and pharmacies cluster at levels that rank competitively within the Sacramento-Roseville-Folsom metro, while cafe density is among the stronger concentrations locally. Childcare options are thinner within the immediate neighborhood, which may matter for family-oriented renters; operators can offset with partnerships or resources.
Home values in the area are elevated relative to local incomes, a pattern that tends to sustain reliance on rental housing and can support pricing power for well-managed properties. Rents sit in the mid-range for the region, and rent-to-income readings signal manageable affordability pressure, which can aid retention. School ratings trend below average for the metro, so positioning toward value and convenience may resonate more than premium education draw.
Demographic statistics are aggregated within a 3-mile radius and indicate modest population and household growth over the past five years, with forecasts pointing to further expansion through the next cycle. This trajectory suggests a larger tenant base and supports occupancy stability for professionally operated multifamily.
Safety metrics for the neighborhood are mixed. Compared with neighborhoods nationwide, overall crime levels track below the national median, and within the Sacramento-Roseville-Folsom metro the area sits around the middle of the pack among 561 neighborhoods. Investors should underwrite with realistic assumptions for security measures and resident experience.
Trend-wise, recent year-over-year improvements are notable: estimated violent incidents and property offenses have both declined, with the drop in violent incidents ranking in the stronger tier nationally. These directional gains can support perception and leasing over time, but continued monitoring against metro benchmarks is prudent.
Nearby employers span distribution, healthcare services, paper products, healthcare IT, and semiconductor operations, supporting a diverse commuter base that underpins renter demand and retention for workforce-oriented housing.
- DISH Network Distribution Center — distribution (3.7 miles)
- Cardinal Health — healthcare distribution (7.3 miles)
- International Paper — paper products (7.7 miles)
- Xerox State Healthcare — healthcare IT services (9.6 miles)
- Intel Folsom FM5 — semiconductor operations (17.9 miles)
This 72-unit multifamily asset is positioned in a renter-driven Sacramento neighborhood where occupancy has remained resilient and amenities are convenient for daily needs. Elevated ownership costs relative to incomes reinforce reliance on rental housing, while rents sit in a middle band that supports lease retention. According to commercial real estate analysis from WDSuite, the neighborhood’s renter concentration and steady occupancy create a broad tenant pool for professionally managed properties.
Within a 3-mile radius, population and households have grown modestly and are projected to expand further, indicating a larger renter pool and support for occupancy stability. Operationally, strong nearby employment nodes across distribution, healthcare, and technology provide commute convenience, while below-average school ratings and mixed safety standing warrant calibrated underwriting and resident services planning.
- Renter-heavy neighborhood and above-median occupancy support demand durability
- Amenity-rich location (food, groceries, parks, pharmacies) enhances resident livability and retention
- Ownership costs outpacing local incomes sustain reliance on multifamily housing
- Diverse nearby employers underpin leasing across workforce segments
- Risks: below-average school ratings and middling safety metrics call for prudent underwriting and onsite management focus