| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 40th | Poor |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8123 Sunrise Blvd, Citrus Heights, CA, 95610, US |
| Region / Metro | Citrus Heights |
| Year of Construction | 1985 |
| Units | 101 |
| Transaction Date | 2019-03-14 |
| Transaction Price | $32,500,000 |
| Buyer | GALLERY PARK LLC |
| Seller | SUNRISE COMMONS LLC |
8123 Sunrise Blvd Citrus Heights Multifamily Investment
This 101-unit property benefits from strong neighborhood-level occupancy at 96.2% and expanding renter demand within Sacramento's growing suburban corridor. According to WDSuite's CRE market data, the area shows solid fundamentals for multifamily investments with above-average rental tenure rates.
The Citrus Heights neighborhood demonstrates competitive positioning among Sacramento's 561 metro neighborhoods, ranking in the top quartile for occupancy stability with 96.2% neighborhood-level occupancy rates. The area maintains a substantial rental base with 46.7% of housing units occupied by renters, ranking above metro median and supporting consistent tenant demand for multifamily properties.
Demographics within a 3-mile radius show a stable population base of approximately 108,000 residents with modest growth projections. Household income averages $84,578 median, with forecasted growth to $110,350 by 2028, indicating strengthening tenant purchasing power. The forecast projects a 32.5% increase in households over the next five years, expanding the potential renter pool and supporting occupancy stability for well-positioned properties.
Built in 1985, this property is newer than the neighborhood average construction year of 1971, positioning it favorably against older competing stock while avoiding the premium costs associated with recent construction. The area shows strong rent growth momentum with median contract rents increasing 34.2% over five years, though investors should monitor renewal rates as home values have appreciated significantly, creating potential ownership competition for some tenant segments.
Local amenities include above-average restaurant and cafe density, though grocery and park access is limited within the immediate vicinity. The neighborhood ranks competitively among Sacramento submarkets for overall livability factors, though school ratings average below metro norms, which may influence family tenant retention patterns.
The neighborhood demonstrates competitive safety metrics among Sacramento metro areas, ranking in the top quartile nationally for property crime rates with low incident levels. Violent crime rates rank above metro median, though recent data shows concerning year-over-year increases that warrant monitoring for potential impacts on tenant retention and leasing velocity.
Overall crime trends place this area competitively within the Sacramento region, though investors should track local safety initiatives and community policing efforts as part of ongoing asset management. The relatively stable property crime environment supports tenant comfort levels, while attention to emerging violent crime patterns can help inform security investments and tenant communication strategies.
The employment base draws from Sacramento's diversified economy, with several anchor employers within commuting distance supporting workforce housing demand in the Citrus Heights corridor.
- Intel Folsom FM5 — technology manufacturing (7.5 miles)
- Cardinal Health — healthcare distribution (13.1 miles)
- DISH Network Distribution Center — telecommunications logistics (14.1 miles)
- International Paper — manufacturing operations (17.6 miles)
This Citrus Heights property offers exposure to Sacramento's stable suburban rental market with strong neighborhood-level occupancy at 96.2% and significant projected household growth of 32.5% through 2028. The 1985 construction vintage provides a competitive advantage over older area stock while avoiding new construction premiums, positioning the asset for targeted value-add opportunities.
Demographic trends within a 3-mile radius support long-term rental demand, with median household income projected to increase 30.5% to $110,350 by 2028. Commercial real estate analysis indicates the area maintains above-average rental tenure rates and benefits from proximity to major employers including Intel and Cardinal Health, supporting tenant stability and renewal rates.
- Strong neighborhood occupancy at 96.2% with expanding household base projected through 2028
- Competitive building vintage offers value-add potential while maintaining operational efficiency
- Growing median household income supports rent growth and tenant retention
- Proximity to diverse employment base including technology and healthcare sectors
- Risk consideration: Recent increases in violent crime rates require monitoring for tenant impact