| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 41st | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2838 Schnell School Rd, Placerville, CA, 95667, US |
| Region / Metro | Placerville |
| Year of Construction | 1983 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2838 Schnell School Rd Placerville Multifamily Investment
Neighborhood occupancy has trended resilient with a renter base that is strong for a suburban pocket, according to WDSuite s CRE market data. Elevated ownership costs in the area support sustained rental demand and lease retention potential.
Located in suburban Placerville within the Sacramento-Roseville-Folsom metro, the neighborhood shows steady renter demand and occupancy that trends above many U.S. neighborhoods, per WDSuite. Renter-occupied housing accounts for roughly 45% of units (competitive among Sacramento-Roseville-Folsom neighborhoods out of 561), indicating a meaningful tenant base that can support leasing stability for a 42-unit asset.
Within a 3-mile radius, population and household counts have grown in recent years, expanding the local renter pool. Forecasts point to continued increases in households over the next five years, which typically supports occupancy stability and absorption for well-positioned properties.
Home values rank in the upper tier nationally, and the value-to-income relationship is elevated. In practice, this high-cost ownership market often reinforces reliance on multifamily housing and can aid pricing power, while a moderate rent-to-income ratio suggests room for disciplined rent management without overextending affordability. Lease strategies should balance revenue growth with retention to mitigate turnover risk.
Amenity density is mixed: cafes and parks compare favorably to national averages, while grocery access is thinner and pharmacy presence is limited in WDSuite s dataset. School rating data is limited for this neighborhood, so investors may wish to underwrite education quality via district- or campus-level sources. Transit is primarily auto-oriented, so parking and on-site convenience features can be important for leasing.
The property s 1983 construction is newer than much of the surrounding housing stock, which skews mid-20th century. Investors should evaluate building systems and common areas for targeted modernization a potential value-add path to enhance competitive positioning against older comparables.
Neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark safety using city and county trend data and compare it with peer suburban submarkets in the Sacramento-Roseville-Folsom region to inform underwriting and operating plans.
Given the absence of comparable rank and percentile data, a prudent approach is to triangulate multiple sources (public records, police department trend summaries, and property-level incident histories) and to assess how any observable trends could affect leasing velocity, insurance costs, and on-site management practices.
Regional employment anchors within commuting distance support a stable base of commuters, which can aid leasing and retention for workforce housing. Notable nearby employers include Intel (technology), DISH Network (distribution), Cardinal Health (healthcare distribution), International Paper (paper & packaging), and Xerox State Healthcare (healthcare services).
- Intel Folsom FM5 technology (21.8 miles)
- DISH Network Distribution Center distribution (35.7 miles)
- Cardinal Health healthcare distribution (38.2 miles)
- International Paper paper & packaging (42.7 miles)
- Xerox State Healthcare healthcare services (43.3 miles)
This 42-unit, 1983-vintage asset offers exposure to a suburban submarket where renter concentration is meaningful and neighborhood occupancy has improved over the past five years. High home values relative to incomes bolster reliance on rentals, while rent-to-income levels suggest capacity for measured rent growth and solid lease retention. According to commercial real estate analysis from WDSuite, the neighborhood s occupancy trends and renter depth compare favorably to many U.S. areas, and the property s vintage positions it ahead of older local stock with targeted value-add potential.
Within a 3-mile radius, recent and projected increases in population and households indicate a larger tenant base over time, supporting demand durability. Amenity coverage is mixed and pharmacy options are limited in the dataset, so on-site convenience and parking can be differentiators. Proximity to regional employers in Folsom and the greater Sacramento corridor expands the commuter tenant pool, though drive times should be considered in underwriting.
- Occupancy momentum and sizable renter base support leasing stability
- Elevated ownership costs reinforce rental demand and pricing power
- 1983 vintage offers value-add upside versus older neighborhood stock
- 3-mile demographic growth expands the tenant pool and supports absorption
- Risks: car-oriented location and uneven amenity depth; commute distances to major employers