| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 52nd | Fair |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6038 Service Dr, Diamond Springs, CA, 95619, US |
| Region / Metro | Diamond Springs |
| Year of Construction | 1999 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6038 Service Dr, Diamond Springs CA Multifamily Investment
1999-vintage, 62-unit asset positioned in a suburban B+ neighborhood with a growing household base and renter demand supported by elevated ownership costs, according to WDSuite’s CRE market data.
Diamond Springs sits within the Sacramento-Roseville-Folsom metro and scores a B+ at the neighborhood level, ranking 177 out of 561 — competitive among Sacramento-Roseville-Folsom neighborhoods. The area is suburban with everyday conveniences (grocery, pharmacy, and dining density around metro norms) rather than urban intensity.
The property’s 1999 construction is newer than the neighborhood’s average 1981 vintage, which can enhance competitive positioning versus older stock. Investors should still underwrite normal system upgrades and potential common-area refresh to keep pace with tenant expectations.
Within a 3-mile radius, population and households have expanded over the last five years, and forecasts point to further increases in households by the next five-year window. This trajectory supports a larger tenant base and can aid occupancy stability over a typical hold. Neighborhood renter-occupied share is meaningful — roughly one-third locally — indicating depth for multifamily leasing while retaining exposure to traditional single-family neighborhoods.
Home values sit on the higher end nationally for comparable neighborhoods, which reinforces reliance on rental housing. At the same time, local rent-to-income readings indicate relatively low affordability pressure, a combination that can support lease retention and measured pricing power. School quality trails national averages, so positioning the asset toward value- and convenience-seeking renters may resonate more than school-driven leasing.
Area occupancy at the neighborhood level is moderate rather than tight, suggesting some leasing competition. Balanced amenity access (cafes, parks, and services above the national median) and suburban convenience should help support steady demand, based on commercial real estate analysis from WDSuite.
Relative to neighborhoods nationwide, local safety indicators are better than average, with property offenses currently positioned in the top quartile nationally and violent-offense rates also above national norms for safety. Within the Sacramento-Roseville-Folsom metro, conditions are mixed across subareas, and this neighborhood compares favorably to many national peers.
Recent-year trends show a notable decline in property offenses, while violent-offense trends have been volatile. Investors should monitor trendlines over time and rely on updated data during due diligence rather than single-year readings.
Regional employment nodes within commuting range support renter demand for workforce housing, led by technology, logistics, healthcare distribution, and paper/packaging operations referenced below.
- Intel Folsom FM5 — semiconductor offices (19.8 miles)
- DISH Network Distribution Center — telecom distribution/logistics (33.4 miles)
- Cardinal Health — healthcare distribution (36.2 miles)
- International Paper — paper & packaging (40.7 miles)
- Xerox State Healthcare — healthcare services/admin (41.4 miles)
6038 Service Dr offers a 62-unit, 1999-built footprint that is newer than much of the surrounding housing stock, providing a competitive edge versus older assets in a suburban, B+-rated neighborhood. Population and household growth within a 3-mile radius point to a larger tenant base over time, while elevated home values support sustained reliance on rental housing. Neighborhood occupancy is moderate, so effective leasing and light value-add positioning can help capture demand from renters seeking quality space and convenience.
According to CRE market data from WDSuite, local rent-to-income metrics suggest manageable affordability pressure for renters, which can support retention. At the same time, investors should underwrite to mixed signals: school performance trails national averages, and rent trends may soften in certain scenarios, requiring prudent asset management and expense control.
- Newer 1999 vintage relative to neighborhood stock supports competitive positioning with manageable near-term capex planning.
- 3-mile population and household growth expand the renter pool, aiding leasing and occupancy stability over a hold period.
- Elevated ownership costs locally reinforce rental demand, with rent-to-income readings indicating room for retention-focused strategies.
- Risks: moderate neighborhood occupancy, softer school ratings, and potential rent softness call for disciplined leasing and expense management.