| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 58th | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2330 Hurley Way, Sacramento, CA, 95825, US |
| Region / Metro | Sacramento |
| Year of Construction | 1977 |
| Units | 23 |
| Transaction Date | 2019-10-22 |
| Transaction Price | $3,200,000 |
| Buyer | 2330 HURLEY WAY LLC |
| Seller | ROTHENBERG RONALD |
2330 Hurley Way Sacramento Multifamily Investment
Renter demand is supported by a high renter-occupied share and mid-90s neighborhood occupancy, according to WDSuite’s CRE market data. Positioning in an amenity-rich Urban Core submarket offers durable tenant depth with room for value-add execution.
The property sits in an Urban Core pocket of Sacramento that ranks 39 out of 561 metro neighborhoods (A-rated), placing it well above the metro median and competitive for multifamily. Amenity access is a standout: the area is ranked 1 out of 561 metro neighborhoods for overall amenities, with grocery, parks, and pharmacies all in the top national percentiles. This concentration of daily needs typically supports tenant retention and leasing velocity.
Neighborhood occupancy is 94.5% (top-third nationally), a level that has edged higher over the past five years and signals stable leasing conditions for investors. The local renter-occupied share is 70.6%, indicating a deep tenant base and consistent demand for multifamily units. Median contract rents in the neighborhood track in the upper range regionally, and WDSuite’s multifamily property research points to steady renter appetite amid strong service and retail connectivity.
Within a 3-mile radius, population has grown in recent years with further increases projected through 2028, while households are expected to expand, reinforcing a larger tenant base over the medium term. Income growth within this radius has also trended higher, supporting rent collections, though operators should calibrate pricing to local affordability dynamics.
Vintage is 1977 versus a neighborhood average of 1979. The slightly older profile can offer value-add potential through interior upgrades and systems modernization, helping the asset compete with nearby stock while informing capital planning and future rent positioning.
Relative to the Sacramento-Roseville-Folsom metro, the neighborhood’s crime rank is 481 out of 561, indicating safety outcomes that lag many metro peers. Nationally, the area sits around the lower third percentile for safety, so investors should underwrite with prudent security and operational measures typical for Urban Core assets.
Recent trends are mixed: estimated property offenses have ticked up year over year, and violent offense estimates show a modest increase. While block-level conditions can vary, comparative framing suggests focusing on lighting, access control, and resident engagement to support retention and reduce nonrevenue events.
Proximity to healthcare, distribution, manufacturing, and technology employers supports a broad workforce renter base and commute convenience. Nearby anchors include Cardinal Health, DISH Network’s distribution operations, International Paper, Xerox State Healthcare, and Intel’s Folsom facility.
- Cardinal Health — healthcare distribution (2.96 miles)
- DISH Network Distribution Center — logistics/distribution (4.21 miles)
- International Paper — packaging & manufacturing (7.20 miles)
- Xerox State Healthcare — healthcare services & tech (8.12 miles)
- Intel Folsom FM5 — technology & R&D (13.71 miles)
2330 Hurley Way offers a 23‑unit footprint in a neighborhood with mid-90s occupancy and a high renter-occupied share, supporting durable tenant demand. The 1977 vintage positions the asset for targeted value-add—interior refreshes and building systems updates can enhance competitiveness against nearby stock. Elevated amenity access and strong daily-needs coverage provide tailwinds for retention and leasing stability. According to CRE market data from WDSuite, neighborhood occupancy trends have improved over five years, while national percentile standings for amenities and housing fundamentals remain favorable.
Within a 3-mile radius, population growth and a projected increase in households point to a larger renter pool over the medium term. Pricing strategy should account for local rent-to-income dynamics to balance occupancy stability with rent growth. Risk management around security and operating controls is prudent given Urban Core positioning, but the employment base and amenity density support consistent demand.
- Mid-90s neighborhood occupancy and strong renter concentration support stable leasing
- 1977 vintage with clear value-add pathways via interiors and systems
- Amenity-rich Urban Core location aids tenant retention and pricing power
- 3-mile growth in population and households expands the tenant base
- Risk: Urban Core safety metrics warrant proactive security and operating plans