| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 81st | Best |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Fairgrounds Dr, Sacramento, CA, 95817, US |
| Region / Metro | Sacramento |
| Year of Construction | 1972 |
| Units | 52 |
| Transaction Date | 2022-03-03 |
| Transaction Price | $94,000,000 |
| Buyer | PRESERVATION GREENFAIR 2021 LP |
| Seller | PRESERVATION GREENFAIR LP |
801 Fairgrounds Dr Sacramento Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy in the mid-90s, according to WDSuite’s CRE market data. A majority renter-occupied housing base and strong park access support leasing durability near central Sacramento.
Situated in an inner-suburb pocket of Sacramento, the neighborhood rates A- and sits above the metro median overall (ranked 113 of 561 neighborhoods). Park access is a standout strength, landing in the top percentile nationally, which reinforces lifestyle appeal for renters and helps with tenant retention.
Daily-needs access is solid with grocery options competitive nationally (around the 70s percentile), while cafes and pharmacies are comparatively thin within the immediate neighborhood. For investors, this mix suggests residents rely on broader trade areas for some services, yet still benefit from convenient essentials nearby.
Within a 3-mile radius, demographics point to a larger tenant base over time: population has grown in recent years with households expanding faster than population, and forecasts to 2028 indicate further population growth and a notable increase in households. This trend typically supports multifamily demand via a larger renter pool and stable occupancy.
Home values rank high nationally, signaling a high-cost ownership market in Sacramento. That context usually sustains reliance on rental housing and can support pricing power and lease retention, especially where rent-to-income levels remain manageable for working households.
The neighborhood’s renter-occupied share is elevated versus national norms, deepening the tenant base for a 52-unit asset. The subject property’s 1972 vintage is newer than the neighborhood’s older average stock, which positions it competitively against pre-war buildings while leaving room for targeted system upgrades or cosmetic value-add to enhance unit mix and rents.
Safety trends are mixed. The neighborhood ranks 428 out of 561 Sacramento-area neighborhoods for crime, indicating it experiences more reported incidents than many parts of the metro. Nationally, indicators sit below average; however, both violent and property offense rates have improved year over year, with meaningful declines reported in the latest period.
For investors, the key takeaway is directional improvement alongside an urban adjacency profile. Monitoring sustained trend improvements and on-the-ground property-level measures (lighting, access control, and tenant screening) remains prudent for leasing performance and retention.
- DISH Network Distribution Center — distribution (3.2 miles)
- Cardinal Health — healthcare services (3.5 miles)
- International Paper — paper products (5.5 miles)
- Xerox State Healthcare — healthcare IT (7.0 miles)
- Intel Folsom FM5 — semiconductors (16.3 miles)
The nearby employment base combines distribution, healthcare services, paper products, healthcare IT, and semiconductor offices, supporting renter demand through commute convenience to major employers listed below.
This 52-unit, 1972-vintage asset benefits from a renter-heavy neighborhood, solid occupancy at the neighborhood level, and exceptional park access that enhances livability and retention. Elevated home values in the area point to a high-cost ownership market, which typically sustains rental demand and supports pricing power when paired with manageable rent-to-income dynamics. Based on CRE market data from WDSuite, these fundamentals align with steady multifamily performance near central Sacramento.
The vintage offers room for targeted capital improvements to sharpen competitiveness against older local stock while leveraging a growing 3-mile household base that is projected to expand further by 2028. Amenity gaps (cafes, pharmacies) and urban safety considerations are watch items, but ongoing crime rate improvements and proximity to diverse employers help underpin leasing stability.
- Renter-occupied concentration and mid-90s neighborhood occupancy support demand depth and lease stability.
- High ownership costs locally reinforce reliance on rentals, aiding pricing power and retention.
- 1972 vintage presents value-add potential through systems updates and unit/interior modernization.
- Household growth within 3 miles expands the tenant base, supporting occupancy and leasing.
- Risks: urban safety sits below metro averages and service gaps (cafes/pharmacies) warrant monitoring.