| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 71st | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3425 Palmer Dr, Cameron Park, CA, 95682, US |
| Region / Metro | Cameron Park |
| Year of Construction | 1996 |
| Units | 80 |
| Transaction Date | 2024-10-24 |
| Transaction Price | $7,000,000 |
| Buyer | BRIDGE-CP VILLAGE LP |
| Seller | CAMERON PARK VILLAGE LIMITED |
3425 Palmer Dr, Cameron Park CA Multifamily Investment
Neighborhood occupancy stands near 96% with strong incomes and a high-cost ownership market supporting renter demand, according to WDSuite’s CRE market data. Stability is reinforced by top-tier schools and suburban fundamentals that favor lease retention.
Cameron Park’s suburban setting offers steady renter demand drivers for multifamily: neighborhood occupancy trends are strong (around 96%), and median home values are elevated relative to national norms. This combination typically supports pricing power and lease stability for well-managed assets, based on CRE market data from WDSuite.
Schools rate highly for the metro, with an average of 4.5 out of 5 and a rank of 17 among 561 Sacramento-Roseville-Folsom neighborhoods, placing the area in the top quartile nationally. For family-oriented renters, quality schools can bolster retention and reduce turnover risk.
Amenities are moderate within the neighborhood cluster: restaurants and cafes are present, while grocery options are limited nearby. Investors should underwrite convenience via short drives to retail nodes rather than walkable daily needs. Still, pharmacy access and parks test above national midpoints, contributing to overall livability.
Tenure patterns show a modest renter-occupied share in the immediate neighborhood (about one-fifth) and roughly one-quarter within a 3-mile radius. For investors, this indicates a smaller—but potentially stable—tenant base, with elevated ownership costs helping sustain multifamily reliance.
Within a 3-mile radius, demographics point to a smaller average household size over time and rising incomes. Despite a slight population contraction historically and a projected dip ahead, forecasts indicate a meaningful increase in the number of households alongside smaller household sizes, which can expand the pool of prospective renters for appropriately sized units. Strong income growth in the 3-mile area supports collections and reduces affordability pressure (also reflected in the neighborhood’s rent-to-income positioning).
The property’s 1996 vintage is newer than the neighborhood’s average construction year (1989). That positioning can be competitively advantageous versus older stock, while still warranting targeted modernization of interiors and common areas to meet current renter preferences.
Neighborhood safety indicators compare favorably at the national level, with overall crime positioning above the national midpoint. Property offenses have trended down significantly year over year, and violent offense measures sit in a high national percentile, indicating comparatively safer conditions than many neighborhoods nationwide.
As always, investors should evaluate submarket and property-level history during diligence, but current neighborhood trends suggest a risk profile that is competitive among Sacramento-area communities.
Nearby employers anchor a diversified commuter base that can support renter demand and retention, including technology, logistics, healthcare supply, paper products, and healthcare services operations listed below.
- Intel Folsom FM5 — technology offices (10.7 miles)
- DISH Network Distribution Center — logistics/distribution (24.3 miles)
- Cardinal Health — healthcare supply/logistics (27.1 miles)
- International Paper — paper products operations (31.6 miles)
- Xerox State Healthcare — healthcare services/IT (32.3 miles)
3425 Palmer Dr offers an 80-unit, 1996-vintage opportunity in a suburban Cameron Park neighborhood where elevated home values and strong household incomes underpin multifamily demand. Neighborhood occupancy trends near 96% suggest durable leasing fundamentals relative to broader metro conditions, while the renter base benefits from quality schools and commuter access to major employers. The asset’s vintage is newer than the local average, indicating competitive positioning versus older stock, with potential upside from targeted interior and common-area updates.
Within a 3-mile radius, incomes have risen meaningfully and household counts are expected to increase even as average household sizes decline—dynamics that can enlarge the tenant pool for appropriately sized units and support occupancy stability. According to WDSuite’s commercial real estate analysis, the neighborhood’s rent-to-income positioning and high-cost ownership context reduce affordability pressure for renters and can aid lease retention, though limited nearby grocery options and modest renter concentration warrant conservative underwriting of demand capture.
- Occupancy near 96% at the neighborhood level supports income stability
- Elevated home values and rising area incomes reinforce rental demand and pricing power
- 1996 vintage is newer than local average, with value-add potential via selective upgrades
- Quality schools and proximity to regional employers aid retention and leasing
- Risks: modest renter concentration and limited nearby groceries call for conservative lease-up and retention assumptions