| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 54th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 350 Bennett St, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 1989 |
| Units | 23 |
| Transaction Date | 2008-10-29 |
| Transaction Price | $1,085,500 |
| Buyer | PEZZOLO RONALD JOSEPH |
| Seller | PEZZOLO RONALD J |
350 Bennett St, Grass Valley CA Multifamily Investment
Neighborhood occupancy sits in a stable range and renter concentration is elevated, suggesting a consistent tenant base, according to WDSuite’s CRE market data.
Situated in Grass Valley’s Inner Suburb fabric, the neighborhood carries an A rating and ranks 6 out of 39 metro neighborhoods, placing it in the top quartile locally. For multifamily investors, this signals solid overall livability with steady leasing fundamentals relative to the Truckee-Grass Valley metro.
The area shows a competitive mix of everyday amenities: parks and groceries rank near the top of the metro (both within the top tier among 39 neighborhoods), while restaurants are reasonably accessible. Cafe and pharmacy density are thinner, which may modestly limit walk-to convenience. Average school ratings land around the national midpoint, providing a balanced family appeal without being a primary draw.
Multifamily demand indicators are constructive. Neighborhood occupancy is in the mid-90s and above the metro median, and 57.6% of housing units are renter-occupied — the highest renter concentration rank among 39 neighborhoods — supporting depth of the tenant base and day-one leasing stability. Within a 3-mile radius, recent population and household growth, alongside a forecasted increase in households, point to a larger renter pool over time, which can help sustain occupancy and absorption.
Vintage matters for positioning: the property’s 1989 construction is newer than the neighborhood’s average 1970s housing stock. That relative youth can aid competitiveness versus older comparables, with typical considerations for systems updates or selective renovations to support retention and rent trade-outs.
Ownership costs in the neighborhood are elevated by national standards (home values track in the upper ranges nationally), which tends to reinforce reliance on rental housing and support pricing power. At the same time, rent-to-income ratios are on the higher side locally, suggesting affordability pressure that calls for disciplined lease management and measured renewal strategies.
Safety trends are mixed when viewed through metro and national lenses. The neighborhood’s crime rank sits in the lower half of Truckee-Grass Valley (20 out of 39), and national percentiles indicate it is below average for safety relative to neighborhoods nationwide. For investors, this suggests routine credit screening and on-site operations remain important for retention and asset protection.
Recent momentum shows a notable positive signal: estimated violent offense rates have improved year over year (a decline over the last annual read), placing the neighborhood’s trend above many peers nationally. Property offense levels remain an area to monitor, so a standard package of lighting, access control, and visibility measures can help maintain leasing stability.
Regional employment access is anchored by established tech and professional services nodes within commuting distance, supporting workforce housing demand and retention for residents who commute to larger job centers like Folsom.
- Intel Folsom FM5 — technology and engineering offices (39.9 miles)
This 23-unit, 1989-vintage asset is positioned in a top-quartile neighborhood within the Truckee-Grass Valley metro, with neighborhood occupancy in the mid-90s and the highest renter-occupied share among 39 neighborhoods — factors that support day-to-day leasing stability and a durable tenant base. Elevated home values in the area sustain reliance on rental housing, while within a 3-mile radius the recent and projected increases in households point to a larger renter pool and support for steady absorption, according to CRE market data from WDSuite.
Relative to older 1970s stock nearby, the asset’s vintage should remain competitive with targeted modernization, though rent-to-income pressures and mid-pack safety readings argue for prudent underwriting, renewal discipline, and focused operations. Net, the location fundamentals, tenant-base depth, and value-add potential via selective upgrades form a clear, long-term thesis.
- Top-quartile neighborhood standing within the metro supports leasing stability
- High renter-occupied share indicates a deep, resilient tenant base
- 1989 construction offers a competitive edge versus older local stock with selective upgrades
- Household growth within 3 miles expands the renter pool and supports occupancy
- Risks: elevated rent-to-income ratios and mixed safety metrics warrant conservative underwriting and strong onsite operations