| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 54th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 536 Whiting St, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 1989 |
| Units | 74 |
| Transaction Date | 2004-04-20 |
| Transaction Price | $5,450,000 |
| Buyer | CONLEY JAMES B |
| Seller | CROWN POINT PARTNERSHIP |
536 Whiting St Grass Valley Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting depth of demand and steady leasing, according to WDSuite’s CRE market data. Occupancy in the area has been resilient, offering investors potential stability relative to the broader Truckee–Grass Valley metro.
This Inner Suburb neighborhood ranks in the top quartile among 39 Truckee–Grass Valley neighborhoods (A rating), signaling durable fundamentals for multifamily. Local occupancy is competitive among metro peers, and a high share of renter-occupied units indicates a sizable tenant base that can support ongoing absorption and retention.
Amenity access is anchored by grocery options and parks (both ranking near the top of the metro), while restaurant density is also comparatively strong. Cafe and pharmacy density are lighter, so daily conveniences skew toward essentials over specialty retail. For investors, this mix favors reliable, needs-based traffic that supports workforce housing. Average school ratings sit around the metro median, an important consideration for family-oriented renter profiles.
Home values trend high versus national norms (upper national percentiles), and the value-to-income ratio ranks at the very top nationally. In practical terms, this is a high-cost ownership market that tends to reinforce reliance on rental housing and can support pricing power for well-positioned assets. At the same time, rent-to-income metrics indicate affordability pressure for some renter cohorts, making lease management and renewal strategies important.
The property’s 1989 vintage is newer than the neighborhood’s 1970s average, which can provide a competitive edge over older stock while still warranting targeted capital planning for systems modernization and select unit updates. Within a 3-mile radius, recent population and household growth, alongside rising incomes, point to a larger tenant base over the medium term; projections also suggest further renter pool expansion, which supports occupancy stability and measured rent growth.
Safety trends are mixed when viewed against regional and national benchmarks. Relative to the 39 neighborhoods in the Truckee–Grass Valley metro, overall crime sits below the metro midpoint. Nationally, the area falls below the median for safety, so investors should underwrite prudent security measures and operational practices.
Recent momentum offers nuance: estimated violent offense rates have improved year over year, placing that improvement in a stronger national bracket, while property-related incidents have trended higher more recently. Taken together, the data suggests conditions that are manageable with standard risk controls, but worth monitoring through lease operations and budgeted preventative measures.
Regional employment includes large technology operations within commuting distance, which can contribute to renter demand for professionals seeking relative value outside primary job centers. The following nearby employer is most relevant by proximity.
- Intel Folsom FM5 — semiconductor offices (39.2 miles)
536 Whiting St offers scale at 74 units in a neighborhood that ranks in the top quartile locally, with competitive occupancy and a sizable share of renter-occupied housing supporting leasing depth. Elevated ownership costs in the area sustain reliance on rentals, while the asset’s 1989 construction is newer than the neighborhood average, positioning it well versus older comparables with potential for targeted value-add through systems and interior updates. Based on CRE market data from WDSuite, these factors align with steady renter demand and measured pricing power.
Within a 3-mile radius, recent growth in population and households, coupled with rising incomes and projected gains, points to an expanding tenant base that can support occupancy stability over time. Affordability pressure is a consideration, so disciplined rent setting and renewals should emphasize retention while capturing market-driven increases.
- Top-quartile neighborhood standing in the Truckee–Grass Valley metro supports durable demand
- High renter-occupied share indicates depth of tenant base and leasing stability
- 1989 vintage offers competitive position versus older stock with selective value-add potential
- High-cost ownership market underpins rental demand and potential pricing power
- Risk: Affordability pressure and mixed safety trends warrant careful lease management and standard security budgeting