| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 71st | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2641 Hastings Dr, Rescue, CA, 95672, US |
| Region / Metro | Rescue |
| Year of Construction | 1981 |
| Units | 27 |
| Transaction Date | 2004-08-02 |
| Transaction Price | $1,950,000 |
| Buyer | WELTON STEVE |
| Seller | CONRAD ROGER P |
2641 Hastings Dr Rescue Multifamily Investment
This 27-unit suburban property built in 1981 offers value-add potential in a high-income neighborhood with strong owner-occupancy and limited rental supply, according to CRE market data from WDSuite.
The property sits in a suburban neighborhood within the Sacramento-Roseville-Folsom metro area, ranking in the top third among 561 metro neighborhoods for demographics and achieving an 88th national percentile for median household income at $126,458. With only 10.7% of housing units renter-occupied compared to higher metro averages, this creates a supply-constrained rental environment that supports pricing power for well-positioned properties.
Demographic data aggregated within a 3-mile radius shows a mature, affluent tenant base with median household income of $115,873 and strong income growth of 30.6% over five years. The area maintains 95.8% occupancy rates, ranking above metro median, while contract rents average $1,597 with recent stability. The high owner-occupancy rate of 75.9% indicates elevated homeownership costs that can sustain rental demand among households unable or unwilling to purchase.
Built in 1981, the property aligns with the neighborhood's average construction vintage, presenting capital improvement opportunities to enhance competitiveness and capture rent premiums. The suburban setting offers limited walkable amenities, with minimal retail density that may require residents to travel for daily needs but supports the quiet residential character valued by family renters.
The neighborhood demonstrates strong safety metrics compared to national benchmarks, ranking in the 84th national percentile for property crime rates and 82nd percentile for violent crime rates. Property offense rates have declined significantly by 60% year-over-year, indicating improving conditions that support tenant retention and property values.
While violent crime rates increased 171% year-over-year, this places the neighborhood in the 10th national percentile for this metric, suggesting some volatility in safety trends that investors should monitor. The overall crime ranking of 105th among 561 metro neighborhoods places it above metro median for safety performance.
The property benefits from proximity to major corporate employers in the Sacramento metro area, supporting workforce housing demand from technology and distribution sectors.
- Intel Folsom FM5 — semiconductor manufacturing (9.8 miles)
- DISH Network Distribution Center — telecommunications distribution (24.0 miles)
- Cardinal Health — healthcare services (26.1 miles)
- International Paper — manufacturing (30.7 miles)
- Xerox State Healthcare — healthcare technology (31.3 miles)
This 27-unit property represents a value-add opportunity in a supply-constrained rental market with strong demographic fundamentals. The neighborhood's high median income and low rental penetration create pricing power potential, while the 1981 construction year offers scope for strategic improvements to capture rent premiums. Household income growth of 19.3% over five years and projected median income increases to $173,249 by 2028 support long-term rental demand from affluent tenants.
The suburban location within commuting distance of major employers like Intel provides workforce housing appeal, while the 95.8% neighborhood occupancy rate indicates stable rental absorption. However, investors should consider the limited walkable amenities and monitor safety trend volatility when evaluating tenant retention and competitive positioning.
- Supply-constrained market with only 10.7% rental penetration supports pricing power
- High-income tenant base with $126,458 median household income and strong growth trends
- Value-add potential from 1981 vintage allows strategic improvements and rent optimization
- Stable occupancy at 95.8% neighborhood-wide indicates consistent rental demand
- Risk consideration: Limited walkable amenities and safety trend volatility require monitoring