| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 61st | Good |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2640 Woodridge Ct, Placerville, CA, 95667, US |
| Region / Metro | Placerville |
| Year of Construction | 1975 |
| Units | 46 |
| Transaction Date | 2023-12-20 |
| Transaction Price | $7,050,000 |
| Buyer | STRIVE CAPITAL LLC |
| Seller | 955 PARTNERSHIP |
2640 Woodridge Ct Placerville Multifamily Investment
This 46-unit property built in 1975 presents value-add potential in a neighborhood with 95% occupancy rates and growing household formation. According to WDSuite's CRE market data, the area shows stable rental demand with limited new construction competition.
This suburban Placerville neighborhood ranks in the top third among 561 Sacramento metro neighborhoods for overall investment fundamentals, with neighborhood-level occupancy rates at 95% and steady population growth. Demographics within a 3-mile radius show household count increases of 21.5% over five years, supporting rental demand expansion. The area maintains 33.8% renter-occupied housing units, creating a stable tenant base for multifamily properties.
The property's 1975 construction year aligns with the neighborhood average of 1962, indicating consistent building stock that may present value-add opportunities through strategic renovations and unit improvements. Median contract rents of $1,092 reflect moderate pricing compared to metro averages, while home values at $513,043 create ownership barriers that sustain rental demand. The rent-to-income ratio of 16% suggests manageable affordability for tenants within the local income profile.
Forward-looking demographics project continued household growth of 37% through 2028, with renter-occupied units expected to nearly double. School ratings average 3.5 out of 5, ranking in the 73rd percentile nationally, supporting family tenant retention. The neighborhood's B+ rating reflects balanced fundamentals across housing, demographics, and amenity access, though limited park density may affect competitive positioning for family-oriented units.
Crime data for this neighborhood is not currently available through standardized reporting systems. Investors should conduct independent due diligence on local safety conditions through municipal police departments and community resources when evaluating tenant appeal and insurance considerations.
The Sacramento metro employment base provides commuter access to major corporate offices, though distances require consideration for tenant convenience and retention strategies.
- Intel Folsom FM5 — technology manufacturing (19.4 miles)
- DISH Network Distribution Center — telecommunications logistics (33.4 miles)
- Cardinal Health — healthcare distribution (35.7 miles)
- International Paper — manufacturing (40.3 miles)
This 46-unit property offers value-add potential in a stable suburban market with 95% neighborhood-level occupancy and growing household formation. The 1975 construction year provides renovation upside opportunities, while projected household growth of 37% through 2028 supports long-term rental demand expansion. Commercial real estate analysis from WDSuite indicates favorable rent-to-income ratios and ownership cost barriers that reinforce multifamily demand.
Demographic trends within a 3-mile radius show household income growth of 32.5% over five years, supporting rent growth potential. The neighborhood's moderate rental pricing at $1,092 median rents provides room for strategic improvements and lease optimization. Forward projections indicate renter-occupied units nearly doubling by 2028, expanding the tenant pool for multifamily operators.
- High neighborhood occupancy at 95% indicates stable rental demand
- 1975 construction year presents value-add renovation opportunities
- Projected 37% household growth through 2028 supports tenant base expansion
- Moderate rent levels provide upside potential through strategic improvements
- Risk: Distance to major employment centers may limit tenant convenience and retention