| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 31st | Poor |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1930 Wright St, Sacramento, CA, 95825, US |
| Region / Metro | Sacramento |
| Year of Construction | 1985 |
| Units | 41 |
| Transaction Date | 2013-03-28 |
| Transaction Price | $2,425,000 |
| Buyer | The Living Trust of Enayat A. Haidari |
| Seller | Wang First Home investment LLC |
1930 Wright St Sacramento Multifamily Investment Opportunity
Positioned in an inner-suburban pocket with high renter concentration and above-metro occupancy, this asset benefits from durable leasing fundamentals, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of Sacramento-Roseville-Folsom where neighborhood occupancy is competitive among 561 metro neighborhoods and rates are in the top quintile nationally. A large share of housing units are renter-occupied (high renter concentration), indicating a deep tenant base and demand resilience for multifamily investors, per WDSuite’s market view of neighborhood tenure.
Local convenience is a strength: restaurants, cafes, groceries, parks, childcare, and pharmacies all index in the top decile nationally, supporting daily livability and lease retention. Amenity access also ranks among the top-performing Sacramento neighborhoods (10th of 561), a differentiator for workforce and lifestyle renters who value short trips for essentials.
Home values in the area are elevated relative to national norms, and the value-to-income ratio is among the highest nationally. In practice, this high-cost ownership market reinforces renter reliance on multifamily housing, while rent-to-income metrics for the neighborhood suggest manageable rent burdens that can support retention and measured pricing power. School ratings trail national averages, so family-oriented demand may be more selective; however, proximity amenities and commute convenience help broaden the renter pool.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with households projected to expand further through 2028. This points to a larger tenant base over time, supporting occupancy stability and consistent leasing, based on commercial real estate analysis from WDSuite.
Safety indicators for the neighborhood are mixed and should be evaluated alongside property-level measures. Within the Sacramento-Roseville-Folsom metro, the neighborhood ranks 467 out of 561 on crime, signaling below-metro-average safety. Compared with neighborhoods nationwide, safety percentiles place the area below the median; however, WDSuite’s data also show a recent decline in estimated property offenses year over year, suggesting some improvement in trend.
Investors typically mitigate these dynamics through on-site security practices, lighting, access control, and resident engagement. Submarket and corridor-level due diligence—day and evening—can clarify block-by-block experience and inform underwriting assumptions.
Nearby employment anchors span healthcare distribution, telecom logistics, paper products, healthcare IT services, and semiconductor operations—providing a diverse commuter base that supports renter demand and lease stability.
- Cardinal Health — healthcare distribution (3.1 miles)
- DISH Network Distribution Center — telecom logistics (5.0 miles)
- International Paper — paper products (7.6 miles)
- Xerox State Healthcare — healthcare IT services (8.3 miles)
- Intel Folsom FM5 — semiconductor (13.3 miles)
Built in 1985, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness versus older local stock while still warranting planning for system updates and targeted renovations. Neighborhood fundamentals are favorable for multifamily: occupancy is strong, renter-occupied share is high, and elevated ownership costs support sustained rental demand. According to CRE market data from WDSuite, neighborhood occupancy trends sit above metro medians, and amenity density ranks among Sacramento’s best—factors that can aid retention and pricing discipline.
Within a 3-mile radius, population and households have grown and are projected to continue expanding, increasing the renter pool over the medium term. While school ratings lag and safety indicators are below metro averages, improving property-crime trends and strong amenity access help balance risk. Overall, the case leans toward stable tenancy with value-add potential through modernization and operational execution.
- High renter concentration and solid neighborhood occupancy support demand durability
- 1985 vintage offers competitive positioning with scope for targeted upgrades
- Top-tier amenity access in the metro enhances leasing and retention
- Demographic growth within 3 miles expands the tenant base over time
- Risks: below-metro-average safety and weaker school ratings; underwrite security/tenant-experience investments