| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 42nd | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2626 Marigold Ln, Sacramento, CA, 95864, US |
| Region / Metro | Sacramento |
| Year of Construction | 1985 |
| Units | 28 |
| Transaction Date | 2022-04-29 |
| Transaction Price | $4,900,000 |
| Buyer | QUANTUM HOMES LLC |
| Seller | FIVE WATERS CAPITAL LLC |
2626 Marigold Ln Sacramento Multifamily Investment
Neighborhood occupancy runs at 96.7%, indicating durable renter demand relative to many U.S. submarkets, according to WDSuite’s CRE market data. For investors, this points to stable leasing conditions with potential for consistent cash flow if operations are well managed.
Located in an Inner Suburb of Sacramento, the neighborhood ranks 126 out of 561 metro neighborhoods, placing it in the top quartile locally for overall performance. Amenity access is a relative strength: grocery options score in a high national percentile (96), restaurants and cafes are competitive (88–90th percentiles), and parks density sits near the top nationally (98th percentile). The trade-off is limited nearby pharmacies (ranked last among 561), which may modestly affect resident convenience.
From a multifamily lens, the area’s housing dynamics support demand. The share of housing units that are renter-occupied is 61.3% (94th national percentile), signaling a deep tenant base and reinforcing absorption potential across the submarket. Neighborhood occupancy is 96.7% (82nd national percentile) and has improved over the past five years, suggesting resilient leasing even through recent cycles. Median contract rents track mid-range for Sacramento and have risen meaningfully over five years, which supports revenue growth but warrants attention to lease management and renewal retention.
Within a 3-mile radius, population and households have grown in recent years, and WDSuite data indicate further renter pool expansion ahead. Forecasts show additional gains in households by 2028, which typically translate to a larger base of prospective renters and support for occupancy stability. Median household incomes in the 3-mile radius have risen, improving purchasing power and bolstering collections, though rent growth should continue to be balanced against resident affordability.
Ownership costs locally are elevated for the region (home values in the higher national percentiles and a value-to-income ratio around the 90th percentile). In practice, a high-cost ownership market tends to sustain reliance on multifamily housing, supporting pricing power and lease retention for well-positioned assets. Built in 1985, the property’s vintage is newer than the neighborhood’s average construction year (1963), offering relative competitiveness versus older stock while still benefiting from targeted modernization to enhance unit finishes, common areas, and building systems.
Safety indicators are mixed but trending in a favorable direction. The neighborhood’s overall crime standing is mid-pack (ranked 276 among 561 metro neighborhoods), roughly in line with the region. Nationally, the area sits near the middle of the distribution, yet recent year-over-year declines in both violent and property offense estimates, as reflected in WDSuite’s data, point to improving conditions.
For comparative context, estimates show a meaningful one-year decrease in violent offense rates (high national percentile for improvement) and a solid reduction in property offenses as well. While investors should underwrite to local management practices and security measures, these directional trends support leasing stability and resident retention relative to prior periods.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience for workforce tenants, including medical distribution, telecom logistics, paper products, state healthcare services, and technology.
- Cardinal Health — medical distribution (3.4 miles)
- DISH Network Distribution Center — telecom logistics (4.3 miles)
- International Paper — paper & packaging (7.7 miles)
- Xerox State Healthcare — state healthcare services (8.6 miles)
- Intel Folsom FM5 — technology (13.2 miles)
This 28-unit, 1985-vintage asset benefits from neighborhood fundamentals that favor multifamily operations: a high share of renter-occupied housing, robust neighborhood occupancy at 96.7%, and strong amenity access that enhances livability and retention. Elevated home values in the area reinforce renter reliance on multifamily housing, supporting pricing power for well-managed assets. Based on CRE market data from WDSuite, the neighborhood ranks in the top quartile within the Sacramento metro, with amenity density and park access scoring notably high nationally.
Demand tailwinds are reinforced by 3-mile radius demographics: population and household growth to date, with further increases in households forecast through 2028, indicate a larger tenant base and support for stable occupancy over the medium term. The 1985 construction offers a competitive edge versus older neighborhood stock while leaving room for value-add through targeted renovations and building-system updates to increase rent potential and reduce long-term capex volatility.
- High neighborhood occupancy and deep renter concentration support leasing stability
- Amenity-rich Inner Suburb with strong grocery, dining, and parks access
- 1985 vintage is competitive versus older local stock with value-add potential
- 3-mile radius growth and projected household gains expand the tenant base
- Risks: limited nearby pharmacies, mid-pack safety standing, and the need to balance rent growth with retention