| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 49th | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 765 Mikkelsen Dr, Auburn, CA, 95603, US |
| Region / Metro | Auburn |
| Year of Construction | 1987 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
765 Mikkelsen Dr Auburn Multifamily Investment
Renter demand in Auburn’s inner-suburban node is supported by a high-cost ownership market and stable neighborhood occupancy, according to WDSuite’s CRE market data. Expect steady leasing fundamentals with potential to differentiate versus older nearby stock.
Auburn’s Inner Suburb setting offers everyday convenience for residents, with grocery and pharmacy access scoring above national averages and a healthy mix of cafes and restaurants nearby. Neighborhood occupancy is measured for the neighborhood—not the property—and trends in the top quartile nationally, indicating generally steady lease-ups and renewal potential across comparable assets.
The area’s renter-occupied share is high for the metro (ranked 106 out of 561 neighborhoods), placing it in the top quartile nationally for renter concentration. For multifamily owners, that points to a deeper tenant base and more consistent demand through cycles, even as individual properties must compete on finish level and management quality.
Home values in the neighborhood sit well above national norms, and the value-to-income ratio is among the highest nationally. In practice, this is a high-cost ownership market that tends to sustain multifamily demand and support retention, though lease management should account for affordability pressure when setting renewal strategies.
Within a 3-mile radius, demographics show modest population growth and a larger increase in households over the past five years, with forecasts indicating continued household gains. A growing household count and slightly smaller average household sizes point to ongoing renter pool expansion that can support occupancy stability for well-positioned assets.
The property’s 1987 vintage is newer than the neighborhood’s average construction year (1976). That relative youth can be a competitive advantage against older stock, while still offering potential value-add through modernization of interiors, common areas, and building systems.
Safety metrics for the neighborhood are mixed relative to broader benchmarks. Compared with neighborhoods nationwide, overall safety indicators track below the national median, but recent trends show improvement, including a year-over-year decline in violent offenses, based on CRE market data from WDSuite.
Within the Sacramento–Roseville–Folsom metro, the neighborhood ranks 371 out of 561 on crime, indicating more reported incidents than many peer neighborhoods. For investors, prudent measures—lighting, access control, and resident engagement—can help strengthen on-site outcomes versus the broader area trend.
Regional employers within commuting range support a diversified renter base, with technology, healthcare supply, distribution, and business services roles contributing to steady demand and retention for workforce households.
- Intel Folsom FM5 — semiconductor offices (19.1 miles)
- Cardinal Health — healthcare supply offices (30.3 miles)
- DISH Network Distribution Center — logistics and distribution (31.2 miles)
- Xerox State Healthcare — government healthcare services (34.4 miles)
- International Paper — packaging and paper products offices (34.6 miles)
765 Mikkelsen Dr is a 78-unit, 1987-vintage asset positioned in an Inner Suburb neighborhood where elevated ownership costs and a strong renter-occupied presence underpin multifamily demand. Neighborhood occupancy is in the top quartile nationally (measured for the neighborhood, not the property), and nearby amenities compare favorably to national averages—both supportive of leasing stability for well-managed properties.
The asset’s vintage is newer than the local average, offering competitive positioning versus older comparables while still leaving room for targeted value-add in unit interiors and common areas. Within a 3-mile radius, households have been increasing and are projected to continue rising, signaling a larger tenant base and reinforcing long-run occupancy, according to CRE market data from WDSuite.
- Inner-suburban location with above-average neighborhood occupancy supporting leasing stability
- High-cost ownership market that sustains renter reliance and deepens the tenant pool
- 1987 vintage newer than area norms, with clear modernization/value-add pathways
- 3-mile household growth and forecasted gains bolster long-term demand
- Risk: affordability pressure and below-median safety metrics require active lease and asset management