| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 91st | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1023 35th St, Sacramento, CA, 95816, US |
| Region / Metro | Sacramento |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2010-05-04 |
| Transaction Price | $1,187,500 |
| Buyer | OHANESIAN ANDREW P |
| Seller | APARTM CHUN RICHARD B D |
1023 35th St Sacramento 20-Unit Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data, with high-cost ownership nearby supporting lease retention for well-managed assets.
The property sits within an inner-suburban pocket of Sacramento that ranks 25th out of 561 metro neighborhoods, placing it in the top quartile locally for overall performance. Investor takeaways are driven by solid neighborhood occupancy (measured for the neighborhood, not the property) and a deep renter base, with the area’s housing dynamics reinforcing multifamily relevance.
Day-to-day livability is a strength: restaurants are dense for the metro (top-tier rank), and neighborhood access to groceries and pharmacies is robust relative to many Sacramento sub-areas. Average school ratings in the neighborhood test well (ranked 25th of 561, top quartile), supporting family-oriented renter appeal. These factors help widen the tenant pool and can aid renewal outcomes.
Within a 3-mile radius, WDSuite data shows recent population growth alongside an increase in households, with forecasts calling for further gains and smaller average household sizes. A higher share of renter-occupied housing units in this radius (about six in ten) suggests depth in the tenant base and supports occupancy stability for appropriately positioned assets.
Ownership costs are elevated in the neighborhood compared with regional norms, which tends to sustain reliance on rental housing and can support pricing power when operations are aligned with local incomes. Neighborhood occupancy is reported at 94.1% and has been relatively steady over time, a backdrop that, paired with disciplined management, can support consistent leasing—an observation grounded in commercial real estate analysis from WDSuite.
Construction in the neighborhood skews older on average (1940), while this asset’s 1972 vintage is relatively newer than much of the surrounding stock. That positioning can be competitive versus pre-war buildings, though investors should still plan for targeted system upgrades and modernization to capture value-add upside.
Safety indicators should be evaluated with care and at the neighborhood level rather than the block. Based on WDSuite’s neighborhood snapshot, this area ranks 409th of 561 within the Sacramento-Roseville-Folsom metro, indicating it trails many metro peers on safety. Compared with neighborhoods nationwide, the area sits below the national average, though recent data shows meaningful year-over-year declines in both property and violent offense estimates, which is a constructive trend to monitor.
For investors, these dynamics argue for prudent operating practices—lighting, access controls, and resident engagement—alongside underwriting that reflects neighborhood-level risk while recognizing the improving trajectory.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience for workforce and professional tenants, including Cardinal Health, International Paper, DISH Network Distribution Center, Xerox State Healthcare, and Intel Folsom FM5.
- Cardinal Health — healthcare distribution offices (1.7 miles)
- International Paper — packaging & paper offices (4.3 miles)
- DISH Network Distribution Center — telecom distribution (4.9 miles)
- Xerox State Healthcare — health IT services (5.5 miles)
- Intel Folsom FM5 — semiconductor offices (16.7 miles)
1023 35th St brings 20 units in a neighborhood that performs in the top quartile among 561 Sacramento metro neighborhoods. Elevated ownership costs in the area help sustain rental demand, while neighborhood occupancy around 94% indicates a stable leasing backdrop when paired with sound operations. According to CRE market data from WDSuite, the 3-mile radius shows both recent and projected growth in households, which expands the renter pool and supports long-term absorption.
Built in 1972, the asset is newer than much of the surrounding pre-war stock, offering a relative competitive position and potential value-add runway through targeted upgrades and modernization. Investors should balance these positives against neighborhood safety considerations and plan for capital improvements typical for a 1970s vintage to strengthen retention and pricing power.
- Top-quartile neighborhood fundamentals within the Sacramento metro support durable renter demand
- High-cost ownership market reinforces reliance on multifamily housing and lease retention
- 3-mile radius shows population and household growth, expanding the tenant base
- 1972 vintage offers value-add potential versus older neighborhood stock
- Risk: neighborhood safety ranks below metro average—underwrite operations and CapEx accordingly