| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 47th | Fair |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3045 Eastern Ave, Sacramento, CA, 95821, US |
| Region / Metro | Sacramento |
| Year of Construction | 1972 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3045 Eastern Ave Sacramento Multifamily Opportunity
Neighborhood occupancy is at the top of the metro, indicating durable renter demand and low lease-up risk for comparable assets, according to WDSuite’s CRE market data. These metrics describe the surrounding neighborhood rather than this specific property.
Located in Sacramento’s inner suburbs, the neighborhood combines everyday convenience with investor-friendly fundamentals. Amenity access ranks 13th out of 561 metro neighborhoods and sits in the top quartile nationally, supported by strong densities of grocery, pharmacy, park, and cafe options. Average school ratings are around 3 out of 5, which is competitive among Sacramento neighborhoods and adequate for family-oriented renter demand.
Neighborhood occupancy is ranked 1st of 561, underscoring exceptionally tight rental conditions at the neighborhood level. The renter-occupied share is roughly half of housing units (ranked 107th of 561; high national percentile), signaling a deep tenant base and stable absorption potential for multifamily. Median contract rents sit above many U.S. areas while the rent-to-income ratio is moderate, a combination that supports retention without overextending residents.
Within a 3-mile radius, recent population and household growth add to the renter pool, and projections call for additional gains by 2028, supporting occupancy stability and leasing velocity. Household incomes have trended higher, and median home values are elevated for the region, which tends to sustain reliance on multifamily rentals and can bolster pricing power. These trends are based on commercial real estate analysis from WDSuite and reflect neighborhood-level dynamics rather than the subject asset.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1982), implying potential value-add through unit and system upgrades. For investors, this introduces capital planning considerations but also the opportunity to reposition relative to newer local stock.
Safety indicators are mixed and should be evaluated as part of underwriting. The neighborhood’s crime rank is 493rd out of 561 metro neighborhoods, which is below the metro median and places it below national percentiles for safety; this points to higher incident rates than many Sacramento areas. Property and violent offense estimates also trend in lower national percentiles, suggesting investors may want to budget for measures such as lighting, access control, and security-forward management to support resident retention and leasing.
All safety figures reflect neighborhood-level comparisons rather than block-specific conditions, and trends can vary over time. Many operators in similar settings focus on proactive management and community engagement to mitigate risk and preserve asset performance.
A diversified employment base within commuting range underpins renter demand, led by healthcare distribution, logistics/telecom, paper and packaging, healthcare services, and semiconductors. Proximity to these employers can support leasing stability and retention for workforce housing.
- Cardinal Health — healthcare distribution (5.6 miles)
- DISH Network Distribution Center — logistics/telecom (6.3 miles)
- International Paper — paper & packaging (10.1 miles)
- Xerox State Healthcare — healthcare services (10.7 miles)
- Intel Folsom FM5 — semiconductors (10.9 miles)
3045 Eastern Ave offers scale at 112 units in a neighborhood with top-ranked occupancy, indicating durable renter demand and limited near-term vacancy risk at the neighborhood level. Elevated home values in the area help sustain multifamily reliance, while a roughly half renter-occupied housing mix signals depth in the tenant base. According to CRE market data from WDSuite, neighborhood occupancy outperforms metro benchmarks, and amenity access ranks among the strongest locally, both supportive of absorption and rent growth management.
Built in 1972, the asset is older than the neighborhood’s average vintage, pointing to clear value-add and capital planning opportunities to enhance competitiveness versus newer product. Within a 3-mile radius, population and household growth—along with rising incomes—support a larger tenant base and leasing stability over the medium term. Operators should weigh below-median safety metrics and operating cost profiles in the submarket when setting reserves and management plans, but the combination of occupancy strength, amenity convenience, and workforce access forms a compelling long-term thesis.
- Neighborhood occupancy ranks 1st of 561, supporting stable leasing and low downtime
- Renter-occupied share near half of units indicates a deep tenant base
- 1972 vintage provides value-add potential via interior and system upgrades
- Elevated ownership costs in the area help sustain multifamily demand
- Risks: below-median safety metrics and operating costs require proactive management