| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 41st | Poor |
| Amenities | 34th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3030 New Jersey Way, Placerville, CA, 95667, US |
| Region / Metro | Placerville |
| Year of Construction | 1999 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3030 New Jersey Way Placerville Multifamily Investment
Neighborhood occupancy trends and a high-cost ownership market point to durable renter demand around Placerville, according to WDSuite s CRE market data. Investors may find stable tenancy conditions with room for strategic upgrades at this 78-unit asset.
The property sits in a suburban Placerville neighborhood rated C+ (ranked 385 of 561 metro neighborhoods), where neighborhood occupancy is 95.2% and has trended higher over the past five years. These figures describe the neighborhood, not the asset itself, but they indicate steady renter demand and support for leasing continuity in the sub-area.
Renter concentration is meaningful: 45.3% of housing units are renter-occupied in the neighborhood (top decile nationally), suggesting a deep tenant base for multifamily. Median contract rents sit near the national midpoint, while the rent-to-income ratio around 0.16 signals manageable affordability pressure that can aid retention and lease management.
Construction vintage in the neighborhood skews older (average 1954), while the subject was built in 1999. The newer vintage positions the property competitively versus much of the surrounding stock, though investors should still plan for targeted modernization and systems upkeep typical of late-1990s construction.
Home values in the neighborhood are elevated relative to national norms and the value-to-income ratio ranks in the top percentile bands nationally. This points to a high-cost ownership market that can sustain reliance on rental housing and support occupancy stability for well-managed assets.
Amenity access is mixed: cafes per square mile are competitive among Sacramento-Roseville-Folsom neighborhoods (rank 159 of 561), while grocery and park coverage sit closer to metro mid-range. Pharmacy presence is limited locally. School rating data in WDSuite is limited for this neighborhood; investors typically underwrite to district-level performance and charter/private alternatives when applicable.
Within a 3-mile radius, population and households have expanded in recent years, with additional growth projected through 2028. Household growth and a balanced age mix point to a larger tenant base and continued demand for rental units, supporting occupancy stability and consistent leasing activity.
Neighborhood-level crime data are not available in WDSuite for this location, so comparative safety insights by rank or national percentile cannot be provided at this time. Investors commonly benchmark against city and county trends and incorporate standard due diligence such as local law enforcement data, insurer feedback, and on-site observations across different times of day.
- Intel Folsom FM5 — semiconductors (21.1 miles)
- DISH Network Distribution Center — distribution (35.0 miles)
- Cardinal Health — healthcare logistics (37.5 miles)
- International Paper — packaging & paper (42.0 miles)
- Xerox State Healthcare — healthcare services (42.6 miles)
Regional employers within commuting distance help support renter demand for workforce housing, notably semiconductor, distribution, healthcare logistics, packaging, and healthcare services offices listed below.
Built in 1999, the 78-unit property offers a newer-vintage alternative to largely mid-century neighborhood stock, creating an opportunity to capture renter demand while planning selective value-add and systems upgrades. Based on CRE market data from WDSuite, neighborhood occupancy is elevated versus many U.S. areas and renter-occupied share is high, both supportive of steady leasing and retention.
Within a 3-mile radius, population and household counts have increased and are projected to continue growing, expanding the tenant pool. Elevated for-sale home values in the neighborhood reinforce reliance on multifamily housing, while neighborhood rent levels near the national midpoint help balance pricing power with retention risk. Key underwriting considerations include modest local amenity density and commute distances to major job nodes.
- 1999 construction offers competitive positioning versus older neighborhood stock, with targeted modernization potential.
- Neighborhood occupancy and strong renter-occupied share support demand depth and leasing stability.
- 3-mile population and household growth enlarge the tenant base and support ongoing absorption.
- High-cost ownership environment underpins reliance on rentals, aiding pricing power and retention strategy.
- Risks: thinner amenity density and longer commutes to major employers may temper lease-up velocity in softer periods.