| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 54th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 321 Dorsey Dr, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 1989 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
321 Dorsey Dr, Grass Valley CA Multifamily Investment
Neighborhood occupancy has held in a stable range with a high renter-occupied share, pointing to durable leasing fundamentals, according to WDSuite s CRE market data. Location and tenant mix dynamics suggest steady demand with room for operational optimization.
The property sits in an inner-suburb neighborhood rated A and ranked 6th of 39 in the Truckee Grass Valley metro competitive among local submarkets and within the top quartile nationally on several livability measures. Grocery and park access are relative strengths (both near the top of the metro rankings), while cafes and pharmacies are thinner, which can shape resident convenience and service mix for value-add amenities.
Multifamily fundamentals are supportive: neighborhood occupancy is healthy, and renter-occupied housing accounts for a larger-than-typical share locally mong the highest in the metro. This depth of renter demand tends to support leasing stability and renewal capture, especially for well-managed assets.
Within a 3-mile radius, population and household counts have expanded in recent years, with further growth projected by 2028. Household sizes are edging smaller, which can favor one- and two-bedroom absorption and a broader tenant base. Income levels are rising from prior periods, expanding the pool of renters able to meet underwriting thresholds while still requiring careful rent-to-income management.
Ownership costs in the area are elevated relative to local incomes (high national percentile for value-to-income), which reinforces reliance on rental housing. At the same time, rent-to-income ratios in the neighborhood are on the higher side, a signal to balance pricing power with retention strategies. Taken together, these dynamics point to steady demand with emphasis on resident experience and cost-of-living value n approach supported by multifamily property research from WDSuite.
Vintage matters: built in 1989, the asset is newer than the neighborhood s average stock (1970s). That positioning can be competitively advantageous versus older properties, while still leaving room for targeted modernization (exteriors, common areas, and aging systems) to drive rent premiums and reduce long-term capital surprises.
Safety indicators are mixed. The neighborhood s overall crime rank sits around the middle of the pack (20th of 39 metro neighborhoods), and safety levels compare below the national average (lower national percentile). However, recent trends show improvement in violent incident rates year over year, while property-related incidents have ticked up. Investors should underwrite to current operating practices (lighting, access control, and resident engagement) and monitor police-blotter and city reports for trajectory.
In short, conditions are comparable to many inner-suburban areas in small metros: not among the lowest-risk cohorts, but manageable with standard multifamily risk controls and partnership with local resources. Ranking references are relative to 39 neighborhoods in the Truckee Grass Valley metro, and national comparisons reflect neighborhood-to-neighborhood benchmarking.
Regional employment nodes contribute to renter demand from commuters and hybrid workers, including technology corporate offices reachable by highway.
- Intel Folsom FM5 semiconductor corporate offices (40.7 miles)
This 1989-vintage, approximately mid-size asset benefits from a neighborhood with healthy occupancy and one of the highest renter-occupied shares in the metro, supporting a deeper tenant base and steady renewals. According to CRE market data from WDSuite, the area s ownership costs are elevated relative to incomes, which tends to sustain rental reliance even as operators should manage rent-to-income levels to protect retention.
Within a 3-mile radius, population and households have grown with additional gains projected, pointing to a larger renter pool and support for continued occupancy stability. Relative to older 1970s stock nearby, a 1989 build can compete on functionality; selective upgrades to interiors, common areas, and building systems may capture incremental rent while moderating future capex.
- Strong renter demand signals: high neighborhood renter-occupied share and steady occupancy
- Demographic tailwinds within 3 miles: growing population and households expand the tenant base
- Competitive positioning vs. older stock: 1989 construction with value-add modernization potential
- Pricing power tempered by retention: elevated ownership costs support rentals while rent-to-income requires careful management
- Risk: safety metrics are mid-metro and below national averages; maintain standard security practices and monitor trends