| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 41st | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2848 Schnell School Rd, Placerville, CA, 95667, US |
| Region / Metro | Placerville |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2848 Schnell School Rd Placerville Multifamily Investment
Neighborhood occupancy is resilient with steady renter demand, according to WDSuite’s CRE market data, positioning this 1987-vintage asset to compete against older local stock. Investors screening Placerville can focus on durable tenancy drivers rather than lease-up risk.
Placerville’s suburban setting offers daily conveniences within a short drive, with a modest mix of cafes and parks and fewer pharmacies in the immediate area. While the neighborhood is not a retail hub, residents typically rely on nearby corridors for groceries and services, a pattern that supports car-oriented renter households rather than walk-to-retail living.
At the neighborhood level, occupancy is strong compared with national norms, supporting stability for multifamily operators. Renter-occupied housing accounts for a meaningful share of units (45%+), which is competitive among Sacramento-Roseville-Folsom neighborhoods (561 total) and indicates depth in the tenant base for small to mid-sized properties.
The broader housing stock skews older (average vintage mid-1950s), while this property was built in 1987. That relative youth can help competitiveness versus nearby legacy assets, though investors should still underwrite ongoing modernization to keep finishes and building systems in line with renter expectations.
Within a 3-mile radius, WDSuite indicates population and households have grown in recent years, with additional gains projected. Household growth outpacing population suggests smaller household sizes and an expanding renter pool, which can support occupancy stability and renewal rates for well-managed assets. Elevated home values locally relative to incomes reinforce sustained reliance on rental housing, a positive for retention and pricing discipline in multifamily property research.
Neighborhood-level crime data for this location is not available in WDSuite’s dataset. Investors should contextualize safety by reviewing city and county trend sources and comparing site-level conditions with broader Sacramento-Roseville-Folsom benchmarks rather than drawing block-level conclusions.
Regional employment is anchored by technology, logistics, and healthcare-related employers within commuting distance, supporting renter demand and retention for workforce-oriented units. The following nearby employers illustrate the diversity of jobs accessible from Placerville.
- Intel Folsom FM5 — technology/semiconductors (21.8 miles)
- DISH Network Distribution Center — distribution logistics (35.7 miles)
- Cardinal Health — healthcare distribution (38.2 miles)
- International Paper — packaging and paper products (42.7 miles)
- Xerox State Healthcare — healthcare IT and services (43.3 miles)
Built in 1987, this 22-unit asset benefits from neighborhood occupancy that trends above national averages and a renter base that is competitive within the Sacramento-Roseville-Folsom metro. According to CRE market data from WDSuite, elevated ownership costs in the area help sustain multifamily demand, while a 3-mile radius shows growing households and a widening renter pool that can support lease retention.
Relative to the neighborhood’s older housing stock, the asset’s vintage offers a positioning edge, with potential to capture value through targeted interior updates and system upgrades. Investors should account for car-oriented living (limited immediate walkable retail) and standard capital planning for a late-1980s property, but fundamentals point to durable tenancy rather than lease-up risk.
- Neighborhood occupancy and renter concentration support stable tenancy
- 1987 vintage competes well versus older local stock; value-add via selective renovations
- High-cost ownership market reinforces sustained multifamily demand and pricing discipline
- 3-mile household growth expands the tenant base, aiding renewals and occupancy
- Risks: limited walkable amenities, standard capex for 1980s systems, verify local safety trends