| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 41st | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2880 Schnell School Rd, Placerville, CA, 95667, US |
| Region / Metro | Placerville |
| Year of Construction | 1982 |
| Units | 48 |
| Transaction Date | 2005-10-15 |
| Transaction Price | $1,278,000 |
| Buyer | PLACERVILLE DEER VIEW PARK LP |
| Seller | DEER VIEW PARK APARTMENTS INVESTORS |
2880 Schnell School Rd, Placerville CA Multifamily
Stabilized neighborhood occupancy and a high-cost ownership market point to durable renter demand in suburban Placerville, according to WDSuite’s CRE market data.
Positioned in a suburban pocket of Placerville within the Sacramento–Roseville–Folsom metro, the property benefits from neighborhood occupancy trending above the national median, supporting leasing consistency. The area carries a C+ neighborhood rating, and rents in the surrounding neighborhood sit near the national middle with steady multi‑year growth, per WDSuite. Median home values are elevated versus most U.S. neighborhoods, which typically sustains reliance on multifamily housing and can support pricing power when managed carefully.
Vintage matters for competitiveness: built in 1982, this asset is newer than the neighborhood’s average construction year. That positioning can reduce immediate obsolescence risk versus older stock, while still leaving room for selective system upgrades or renovations to align with current renter preferences.
Livability is balanced rather than urban: parks and cafes score around or above national midpoints, while restaurants and grocery density are more limited. School ratings data are limited at the neighborhood level, so investors may wish to underwrite to district-level outcomes rather than building-specific assumptions.
Tenure and demographics reinforce demand. At the neighborhood level, the share of housing units that are renter‑occupied is substantial, indicating depth in the tenant base. Within a 3‑mile radius, recent population and household growth, alongside rising household incomes, point to a larger tenant pool over time, which can support occupancy stability. With neighborhood rent‑to‑income near mid‑range nationally, affordability pressure appears manageable, aiding resident retention.
Neighborhood‑level crime metrics are not available in the provided dataset. Investors should evaluate city and county trendlines and compare them to peer Sacramento metro neighborhoods for context on safety and operating risk. Where data are limited, underwriting typically incorporates additional diligence such as police blotter trends, property‑level incident history, and insurer feedback.
Regional employment anchors in greater Folsom and the Sacramento corridor provide a diversified white‑ and blue‑collar base that supports renter demand through commute access. Notable nearby employers include technology, logistics, and healthcare operations listed below.
- Intel Folsom FM5 — technology (21.8 miles)
- DISH Network Distribution Center — logistics & distribution (35.7 miles)
- Cardinal Health — medical supply distribution (38.2 miles)
- International Paper — packaging & paper (42.7 miles)
- Xerox State Healthcare — healthcare services (43.3 miles)
This 48‑unit, 1982‑vintage asset aligns with steady neighborhood fundamentals: occupancy trends above the national median, a meaningful renter‑occupied housing share, and elevated local home values that reinforce reliance on rental housing. Within a 3‑mile radius, population and household growth indicate a gradually expanding renter pool, which can support occupancy stability and measured rent growth. Based on commercial real estate analysis from WDSuite, the neighborhood’s rent‑to‑income positioning suggests moderate affordability pressure, which can aid lease retention with disciplined renewal strategies.
The property’s newer‑than‑area vintage enhances competitiveness versus older housing stock, while still offering value‑add potential through targeted renovations and system upgrades. Amenity coverage is serviceable rather than urban, so marketing should emphasize convenience to regional employers and suburban quality of life over walkable retail.
- Occupancy trends above the national median support leasing stability.
- Elevated home values locally reinforce sustained rental demand and pricing power.
- 1982 construction offers relative competitiveness plus value‑add and modernization upside.
- 3‑mile population and household growth expand the tenant base over time.
- Risk: suburban amenity density and commute distances may temper walkability‑driven demand; consider targeted amenities and parking in underwriting.