| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 14th | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5412 47th Ave, Sacramento, CA, 95824, US |
| Region / Metro | Sacramento |
| Year of Construction | 1980 |
| Units | 41 |
| Transaction Date | 2021-08-23 |
| Transaction Price | $15,000,000 |
| Buyer | PC CA RIDGEWOOD LP |
| Seller | RL AFFORDABLE LP |
5412 47th Ave Sacramento Multifamily Opportunity
Neighborhood occupancy is resilient and renter demand is deep in this inner-suburban pocket of Sacramento, according to WDSuite’s CRE market data, supporting steady performance for well-managed assets. With a renter-occupied unit share above typical levels for the metro, the area favors consistent leasing and tenant retention.
Situated in Sacramento’s inner suburbs, the property benefits from neighborhood fundamentals that support multifamily stability. Neighborhood occupancy is in the top quartile nationally, pointing to steady lease-up and fewer prolonged vacancies compared with many U.S. submarkets, based on CRE market data from WDSuite. The local renter concentration (share of housing units that are renter-occupied) ranks in the upper tier among metro peers, indicating a broad tenant base for conventional units.
Daily-needs access is anchored by strong grocery presence (competitive nationally), while cafés, restaurants, parks, and pharmacies are comparatively sparse in the immediate area. For investors, this mix suggests dependable essentials but fewer lifestyle amenities within close range, which can inform positioning and marketing toward value- and convenience-oriented renters.
Construction vintage in the neighborhood skews to the early 1970s, and this asset’s 1980 build is slightly newer than the area average. That positioning can offer a modest competitive edge versus older stock, though investors should still plan for ongoing system updates and selective renovations to maintain leasing velocity and support rent trade-outs.
Within a 3-mile radius, the population and household counts have grown over the past five years and are projected to expand further, pointing to a larger tenant base ahead. Median home values are elevated for the area relative to incomes, a dynamic that tends to reinforce reliance on multifamily housing. At the same time, sub-30% rent-to-income metrics suggest manageable affordability pressure that can aid retention, while still requiring active lease management as incomes and rents evolve.
Safety indicators present a mixed but improving picture. Overall conditions sit near the national midpoint (around the 55th percentile for safety), while violent-offense comparisons are weaker (closer to the lower national percentiles). Importantly, one-year trend data show notable improvement: estimated property offenses and violent offenses have both declined at rates that place the neighborhood among the stronger improvers nationally. For metro context, these readings reflect a neighborhood that is competitive among Sacramento neighborhoods in recent trend improvement, though investors should underwrite appropriate security measures and operating practices.
The area draws from a diversified employment base that supports workforce housing demand, with proximity to logistics, healthcare, paper products, and technology offices that help shorten commutes and aid tenant retention. Nearby anchors include DISH Network Distribution Center, Cardinal Health, International Paper, Xerox State Healthcare, and Intel’s Folsom operations.
- DISH Network Distribution Center — distribution/logistics (3.4 miles)
- Cardinal Health — healthcare distribution (6.0 miles)
- International Paper — paper & packaging (6.6 miles)
- Xerox State Healthcare — healthcare technology services (8.4 miles)
- Intel Folsom FM5 — semiconductor offices (17.6 miles)
The 1980-vintage, 41-unit property aligns with a neighborhood where occupancy performance is strong and renter concentration is high, supporting depth of demand for conventional units. Slightly newer construction than the area norm can improve competitive positioning against older stock, while still warranting targeted capital planning for building systems and interiors. Elevated ownership costs relative to incomes in the area tend to sustain multifamily reliance, and, according to CRE market data from WDSuite, neighborhood occupancy remains above many national benchmarks—favorable for stabilizing cash flow.
Within a 3-mile radius, recent growth in population and households—and additional gains forecast—point to a larger renter pool over the medium term. Essential retail access is solid, though limited lifestyle amenities and mixed-but-improving safety readings suggest prudent underwriting and thoughtful tenant experience programming. Overall, the asset’s scale and location support a practical, operations-focused strategy emphasizing retention and selective value-add.
- Strong neighborhood occupancy and deep renter base support leasing stability
- 1980 vintage offers relative competitiveness vs. older stock with targeted capex
- Elevated ownership costs reinforce multifamily demand and retention potential
- 3-mile population and household growth expand the tenant pipeline
- Risks: lean local amenities and mixed safety metrics require active management