| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 63rd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 415 Sierra College Dr, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 2001 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
415 Sierra College Drive Grass Valley Multifamily Investment
This 54-unit property built in 2001 sits in a top-quartile neighborhood with strong amenity access and rental demand fundamentals. The area ranks first among 39 metro neighborhoods for net operating income per unit, reflecting sustained investor performance according to CRE market data from WDSuite.
This inner suburb neighborhood ranks first among 39 metro neighborhoods with an A+ rating, positioning in the top quartile nationally across multiple investor-relevant metrics. The area demonstrates strong fundamentals with 50.3% of housing units renter-occupied, ranking second metro-wide and placing in the 88th percentile nationally for rental demand depth.
Built in 2001, this property aligns with the neighborhood's average construction year of 1968, suggesting potential value-add opportunities through strategic renovations and modernization. The area maintains a 92.1% occupancy rate, providing stability though ranking 17th among metro neighborhoods. Median contract rents of $1,412 rank 14th metro-wide and reach the 75th percentile nationally, indicating competitive pricing power.
Demographics within a 3-mile radius show a population of approximately 21,200 with projected 10.1% growth through 2028, supporting expanded renter pool demand. Median household income of $64,176 is forecast to increase 22.4% over five years, while rental rates are projected to rise 51.1% to $1,839, suggesting strengthening affordability dynamics for multifamily properties.
The neighborhood excels in amenity density, ranking first metro-wide for restaurants (6.65 per square mile), cafes, and pharmacies. School ratings average 4.0 out of 5, ranking second among metro neighborhoods and reaching the 84th percentile nationally. These factors support tenant retention and leasing velocity in a market where elevated home values ($488,484 median) reinforce rental demand by sustaining renter reliance on multifamily housing.
Safety metrics present mixed signals that warrant investor attention. The neighborhood ranks 27th of 39 metro neighborhoods for both property crime (2,521 incidents per 100,000 residents) and violent crime (241 incidents per 100,000 residents), placing in the lower percentiles nationally at 8th and 18th respectively.
However, property crime shows improvement with a 7.4% year-over-year decline, ranking 6th metro-wide for crime reduction trends. While current safety metrics lag metro averages, the improving trajectory and strong neighborhood fundamentals in other areas suggest potential for continued progress. Investors should monitor security measures and consider their impact on tenant retention and insurance costs.
The employment base includes technology sector presence, though major employers are located at considerable distances from the immediate area.
- Intel Folsom FM5 — semiconductor manufacturing (41.3 miles)
This 54-unit property offers compelling fundamentals in a top-quartile neighborhood that leads the metro in net operating income per unit performance. The 2001 construction vintage presents value-add opportunities through strategic renovations, while the area's 50.3% rental occupancy share and projected 10.1% population growth through 2028 support sustained tenant demand. According to multifamily property research from WDSuite, the neighborhood's A+ rating reflects strong amenity access and school quality that enhance tenant retention.
Rental fundamentals show promise with current rates at $1,412 median and 51.1% projected growth over five years, supported by household income increases of 22.4%. The area's elevated home values of $488,484 median reinforce rental demand by maintaining barriers to homeownership transition, though investors should monitor safety metrics that currently rank below metro averages.
- Top-quartile neighborhood ranking with highest metro NOI per unit performance
- Strong rental demand fundamentals with 50.3% renter occupancy and growing population
- Value-add potential through 2001 vintage modernization in established neighborhood
- Projected 51.1% rent growth supported by 22.4% household income increases
- Risk consideration: Safety metrics rank below metro averages, requiring monitoring