| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 61st | Good |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2789 Ray Lawyer Dr, Placerville, CA, 95667, US |
| Region / Metro | Placerville |
| Year of Construction | 1997 |
| Units | 76 |
| Transaction Date | 1995-10-20 |
| Transaction Price | $650,000 |
| Buyer | PLACER VILLAGE APARTMENTS |
| Seller | SWEENEY JAMES ROBERT |
2789 Ray Lawyer Dr, Placerville CA — Investment Positioning
Neighborhood multifamily fundamentals show steady renter demand and occupancy stability at the area level, according to WDSuite’s CRE market data, supporting a durable income profile for well-managed assets.
Located in Placerville within the Sacramento–Roseville–Folsom metro, the neighborhood carries a B+ rating and is competitive among Sacramento–Roseville–Folsom neighborhoods (measured against 561 neighborhoods). With a suburban profile, investors can expect lower density than the urban core but a tenant base that values space and convenience.
Livability indicators point to everyday retail access with moderate depth: groceries and pharmacies track around the middle of the pack metro-wide, and restaurant/café density is serviceable for a suburban node. Public park access is limited nearby, which may slightly reduce lifestyle appeal compared with more urbanized submarkets, but local schools trend top quartile nationally by WDSuite’s benchmark, an attractive family-oriented signal for retention.
At the neighborhood level, occupancy is strong relative to many U.S. areas, supporting income stability through cycles. Renter-occupied share is roughly one-third of units, indicating a balanced but somewhat owner-leaning housing mix; for investors, that suggests a defined yet not saturated pool of renters and potential for steady lease-up with thoughtful marketing and unit positioning.
Within a 3-mile radius, demographics indicate recent population growth with notable increases in households and families, alongside rising incomes—factors that typically expand the local renter pool and support sustained absorption. Looking forward, WDSuite’s CRE market data signals additional population and household expansion within the same 3-mile catchment, reinforcing demand for well-located multifamily product.
Home values benchmark high versus national peers, and the value-to-income ratio sits in an elevated national percentile. In practice, this high-cost ownership context tends to reinforce reliance on rental housing and can support pricing power for competitive properties. Rent-to-income levels track in a manageable range locally, helping mitigate affordability pressure and supporting renewal outcomes.
The asset’s 1997 vintage is newer than the neighborhood’s average construction year, which may enhance competitive positioning versus older stock. Investors should still plan for mid-life systems, common-area refreshes, and light unit updates to maintain relevance and support rent premiums over aging comparables.
Comparable, block-level safety data for this neighborhood are not available in the provided WDSuite feed. Investors typically benchmark neighborhood conditions versus the broader Sacramento–Roseville–Folsom metro and track multi-year trends when accessible, combining data with on-the-ground diligence (daytime and evening visits, management feedback, and resident sentiment) for underwriting.
Given the suburban context, a practical approach is to assess roadway connectivity, lighting, and proximity to services, and to compare any available neighborhood-level metrics to metro medians to gauge relative stability rather than relying on single-period readings.
Regional employment is anchored by technology, logistics, healthcare distribution, and business services within commuting distance, supporting workforce housing demand and lease retention for properties serving Placerville and the eastern Sacramento corridor.
- Intel Folsom FM5 — semiconductors (18.9 miles)
- DISH Network Distribution Center — logistics & distribution (32.9 miles)
- Cardinal Health — healthcare distribution (35.3 miles)
- International Paper — packaging & paper (39.8 miles)
- Xerox State Healthcare — healthcare services (40.4 miles)
This 76-unit asset, built in 1997 with larger-than-typical average floor plans, is positioned to compete against older neighborhood stock while benefiting from steady neighborhood occupancy and a renter base supported by high home values. According to CRE market data from WDSuite, the area exhibits stable neighborhood occupancy and a high-cost ownership backdrop, both of which tend to sustain multifamily rental demand and renewal performance for well-operated properties.
Within a 3-mile radius, population and household growth, coupled with rising incomes, point to a larger tenant base over the next several years. While suburban amenity density is moderate and park access limited, nearby school quality benchmarks well nationally, and employer nodes in Folsom and the broader Sacramento area provide diversified job access. Investors should underwrite routine mid-life capital needs consistent with a 1997 vintage and monitor rent trends, which may be flat-to-soft in the near term before normalizing with demand.
- 1997 vintage offers competitive positioning versus older neighborhood stock; plan for targeted system and finish updates
- Neighborhood occupancy and high-cost ownership context support durable renter demand and pricing power
- 3-mile catchment shows population and household growth, expanding the local renter pool and absorption potential
- Proximity to Folsom/Sacramento employment nodes underpins workforce demand and retention
- Risks: suburban amenity depth and park access are thinner than urban cores; renter share is moderate, and near-term rent trends may be flat-to-soft