| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 56th | Fair |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5805 Palm Ave, Sacramento, CA, 95841, US |
| Region / Metro | Sacramento |
| Year of Construction | 1987 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5805 Palm Ave Sacramento Multifamily Investment
This 52-unit property benefits from neighborhood-level occupancy rates of 94.9%, positioning it within a stable rental market. Strong renter concentration at 56.8% supports consistent multifamily property research opportunities according to WDSuite's CRE market data.
This Sacramento neighborhood ranks in the top quartile nationally for amenities, supporting strong tenant retention through accessible grocery stores, restaurants, and recreational facilities. With 2.22 grocery stores per square mile and robust restaurant density, residents enjoy convenient access to daily necessities and dining options that enhance the area's livability profile.
Built in 1987, this property predates the neighborhood's average construction year of 1971, positioning it for potential value-add renovations while maintaining structural integrity. The asset's vintage aligns with targeted capital improvement strategies common in Sacramento's established rental markets.
Demographics within a 3-mile radius show a population of 141,664 with projected growth to 149,510 by 2028, representing a 5.5% increase that supports expanding renter demand. Household formation is expected to grow 32.5% over the next five years, significantly outpacing population growth and indicating strong multifamily fundamentals. Current median household income of $80,163 within the broader area provides a solid tenant base, while neighborhood-level rents of $1,323 demonstrate affordability relative to area income levels.
The neighborhood maintains a 94.9% occupancy rate, ranking competitively among 561 Sacramento metro neighborhoods. Home values averaging $456,656 create a meaningful ownership barrier, with a value-to-income ratio ranking in the 92nd percentile nationally, which can support rental demand by keeping potential buyers in the rental market longer.
Crime metrics show the neighborhood ranking 196th out of 561 Sacramento metro neighborhoods, placing it above the metro median for safety. Property crime rates have declined 27.7% year-over-year, indicating improving conditions that support tenant retention and property values.
Violent crime rates have decreased 41.7% annually, with the neighborhood ranking in the 82nd percentile nationally for crime reduction trends. These improving safety metrics contribute to a more stable rental environment, though investors should monitor ongoing community development initiatives and local law enforcement resources.
The surrounding employment base features major corporate offices within reasonable commuting distance, supporting workforce housing demand from technology, healthcare, and distribution sectors.
- Cardinal Health — healthcare services (8.8 miles)
- Intel Folsom FM5 — technology manufacturing (9.1 miles)
- DISH Network Distribution Center — telecommunications & logistics (10.0 miles)
- International Paper — manufacturing (13.3 miles)
- Xerox State Healthcare — business services (13.5 miles)
This 52-unit Sacramento property offers stable fundamentals within a neighborhood demonstrating 94.9% occupancy rates and strong demographic growth projections. The 1987 construction year positions the asset for strategic value-add improvements while benefiting from established infrastructure and tenant familiarity. Projected household growth of 32.5% over five years, according to CRE market data from WDSuite, significantly outpaces population increases and supports expanding rental demand.
High home values relative to income create meaningful ownership barriers, with the neighborhood ranking in the 92nd percentile nationally for value-to-income ratios. This dynamic supports rental retention by extending the time tenants remain in the rental market. Improving crime trends, including a 27.7% reduction in property offenses, contribute to a stabilizing environment that supports both tenant satisfaction and property values.
- Neighborhood occupancy rates of 94.9% indicate stable rental demand
- Projected 32.5% household growth over five years supports tenant base expansion
- 1987 vintage offers value-add renovation opportunities while maintaining structural integrity
- High value-to-income ratios create ownership barriers that support rental retention
- Risk: Property age requires ongoing capital planning for mechanical systems and unit upgrades