| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 18th | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5710 66th Ave, Sacramento, CA, 95823, US |
| Region / Metro | Sacramento |
| Year of Construction | 1997 |
| Units | 21 |
| Transaction Date | 1995-11-06 |
| Transaction Price | $170,000 |
| Buyer | 66TH AVENUE APARTMENTS INC |
| Seller | RURAL CALIFORNIA HOUSING CORP |
5710 66th Ave Sacramento Multifamily Investment
Neighborhood occupancy has held in the mid‑90s with a high share of renter‑occupied units, supporting steady tenant demand according to WDSuite’s CRE market data.
Situated in an Inner Suburb of Sacramento, the area scores a B‑ neighborhood rating and offers daily‑needs convenience that is competitive among 561 metro neighborhoods. Dining and grocery options are notably dense — restaurants and groceries rank among the stronger cohorts locally and land in the top quartile nationally — which helps with renter retention and leasing velocity for workforce‑oriented assets.
For multifamily fundamentals, neighborhood occupancy trends have been firm and above national medians, and the area’s renter concentration is elevated, indicating a deeper tenant base and potential stability through cycles. Median rents in the immediate neighborhood sit below levels seen in many West Coast metros, and rent‑to‑income levels are relatively manageable by national comparison, which can support retention and reduce turnover risk.
Within a 3‑mile radius, WDSuite indicates recent population and household growth, with forecasts pointing to additional population growth and a larger household base by 2028. This points to a gradually expanding renter pool that can help sustain occupancy and absorption for small to mid‑sized properties.
The property’s 1997 vintage is newer than the neighborhood’s typical 1980s housing stock, suggesting relative competitive positioning versus older assets, while investors should still plan for ongoing system updates and selective modernization to meet current renter expectations. School ratings trend below metro norms, which may tilt demand toward workforce and price‑sensitive segments rather than school‑driven premiums.
Safety outcomes in this neighborhood track below national medians, indicating higher reported crime than many U.S. neighborhoods. However, recent year trends show meaningful declines in both violent and property offenses, improving at a pace that compares favorably to national movement. Investors should underwrite prudent security measures and daytime activation, while recognizing the positive directional trend.
Relative to the Sacramento metro’s 561 neighborhoods, the area is not among the top safety cohorts today, but the downward trajectory in incident estimates over the past year suggests risk may be moderating. Lease‑up strategy and resident services that emphasize well‑being and visibility can support retention in this context.
The nearby employment base blends distribution, healthcare services, paper/packaging, and technology, supporting commute convenience and steady renter demand for workforce housing. The list below highlights notable employers within practical commuting distance that can underpin leasing stability.
- DISH Network Distribution Center — distribution/logistics (3.9 miles)
- Cardinal Health — healthcare distribution (7.3 miles)
- International Paper — paper and packaging (7.5 miles)
- Xerox State Healthcare — healthcare IT/services (9.4 miles)
- Intel Folsom FM5 — semiconductor and technology (18.1 miles)
5710 66th Ave offers a 1997‑vintage asset in a renter‑heavy Inner Suburb where neighborhood occupancy has remained resilient and daily‑needs amenities are strong relative to the metro. According to CRE market data from WDSuite, the area’s rent levels and rent‑to‑income profile are comparatively manageable, which can aid lease retention and reduce downside risk during softer periods.
Demographic indicators aggregated within a 3‑mile radius show recent growth with forecasts pointing to additional population and household expansion, supporting a larger tenant base over the medium term. The vintage provides competitive positioning versus older 1980s stock, with a sensible value‑add path focused on system updates and unit/interior refresh to strengthen pricing power while staying aligned with workforce demand.
- Neighborhood occupancy remains firm with an elevated renter base, supporting demand stability.
- Strong access to food, grocery, parks, and pharmacies — a convenience profile in the top quartile nationally.
- 1997 construction offers competitive positioning versus older local stock, with targeted modernization upside.
- 3‑mile demographics indicate population and household growth, supporting a larger renter pool over time.
- Risks: below‑median safety and lower school ratings; underwrite security and demand segmentation accordingly.