| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 18th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7322 Florin Woods Dr, Sacramento, CA, 95823, US |
| Region / Metro | Sacramento |
| Year of Construction | 1995 |
| Units | 70 |
| Transaction Date | 2017-06-07 |
| Transaction Price | $2,174,000 |
| Buyer | MERCY HOUSING CALIFORNIA 77 LP |
| Seller | CROSSROAD GARDENS LLC |
7322 Florin Woods Dr Sacramento Multifamily Investment
This 70-unit property built in 1995 operates in a neighborhood with 94.3% occupancy and strong rental demand, supported by commercial real estate analysis from WDSuite showing above-average renter concentrations.
The Florin Woods neighborhood ranks in the top quartile nationally for amenity density, with excellent access to dining, grocery stores, and parks that support tenant retention. With 61.7% of housing units renter-occupied—ranking 53rd among 561 Sacramento metro neighborhoods—this area demonstrates strong rental demand fundamentals that benefit multifamily operators.
Built in 1995, this property aligns with the neighborhood's average construction year of 1982, positioning it as relatively newer stock that may require lower near-term capital expenditures compared to older competing properties. Demographic data aggregated within a 3-mile radius shows a stable population of 160,000 with projected growth to 177,000 by 2028, expanding the potential renter pool by 10.5%.
Current neighborhood occupancy of 94.3% reflects solid absorption dynamics, while median contract rent of $1,115 provides affordability that supports tenant retention. The area's rent-to-income ratio of 0.27 indicates manageable affordability pressure, though operators should monitor renewal rates given the lower household income profile with a median of $49,692.
Home values averaging $238,488 create a meaningful gap with rental costs, helping sustain rental demand as ownership remains less accessible for many households. The neighborhood's B- rating reflects mixed fundamentals—strong on amenities and rental demand, but requiring attention to income growth trends and competitive positioning.
Crime metrics show mixed trends requiring careful monitoring. Property offense rates rank 436th among 561 Sacramento metro neighborhoods, placing this area below metro median for property crime. However, recent data indicates an 18.5% decline in property offenses year-over-year, suggesting improving conditions.
Violent crime rates have shown more significant improvement, with a 56.9% decrease year-over-year that ranks in the top quartile nationally for crime reduction trends. While baseline crime levels remain a consideration for tenant screening and property management protocols, the directional improvement provides a more positive operating environment than historical data might suggest.
The surrounding employment base includes distribution and corporate operations that provide workforce housing demand within reasonable commuting distance.
- DISH Network Distribution Center — telecommunications distribution (3.9 miles)
- Cardinal Health — healthcare services (7.3 miles)
- International Paper — manufacturing operations (7.6 miles)
- Xerox State Healthcare — business services (9.5 miles)
This 70-unit property offers stable cash flow fundamentals in a neighborhood with 94.3% occupancy and strong renter demand dynamics. According to CRE market data from WDSuite, the area's 61.7% rental tenure concentration ranks among the top 10% of Sacramento metro neighborhoods, providing a deep tenant pool. The 1995 construction year positions the asset as newer than neighborhood average, potentially reducing near-term capital expenditure requirements while maintaining competitive appeal.
Demographic projections within a 3-mile radius show population growth to 177,000 by 2028, expanding the renter base by 10.5% and supporting long-term occupancy stability. Median household income growth of 48% over five years, while from a lower base, indicates improving tenant quality trends. The rent-to-income ratio of 0.27 provides manageable affordability that supports renewal rates and reduces turnover costs.
- High rental demand with 61.7% renter-occupied units ranking top 10% regionally
- Stable 94.3% neighborhood occupancy supporting consistent cash flow
- Growing population base projected to expand 10.5% by 2028
- 1995 construction vintage reduces near-term capital expenditure needs
- Risk: Lower household incomes require careful lease management and renewal strategy