| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 66th | Good |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5415 S Grove St, Rocklin, CA, 95677, US |
| Region / Metro | Rocklin |
| Year of Construction | 1985 |
| Units | 62 |
| Transaction Date | 2025-02-28 |
| Transaction Price | $26,350,000 |
| Buyer | TILDEN-THE EASTON LP |
| Seller | 5415 SOUTH GROVE ST OWNER LP |
5415 S Grove St Rocklin Multifamily Investment Opportunity
Stabilized renter demand in an inner-suburban pocket of Rocklin is supported by strong everyday amenities and steady household growth within a 3-mile radius, according to WDSuite’s CRE market data. For a 62-unit asset, the setting points to durable occupancy with room for operational upside.
Positioned in Rocklin’s inner suburbs of the Sacramento–Roseville–Folsom metro, the neighborhood rates in the top quartile among 561 metro neighborhoods (A-). Grocery access and daily conveniences are a strength, with grocery and cafe density comparing favorably to most areas nationally, and parks scoring in the top national tier. This mix supports leasing velocity and retention for workforce and lifestyle renters.
Neighborhood occupancy registers 92.6% (upper-mid range nationally), while the broader area’s NOI per unit trends are above national averages, signaling a competitive operating backdrop for well-run multifamily. Median contract rents in the neighborhood sit on the higher side versus the nation, but rent-to-income levels indicate manageable affordability pressure, helping preserve lease stability.
Vintage matters for positioning: built in 1985, the property is newer than the neighborhood’s average 1978 construction year. That generally improves competitive standing versus older stock while leaving room for targeted modernization and systems upgrades to support rent growth and expense control.
Demographic statistics are aggregated within a 3-mile radius and point to population growth over the last period and a notable increase in households, with forecasts calling for further household expansion and smaller average household sizes. This suggests a larger tenant base and continued demand for smaller-format units over time—supportive of occupancy resilience. The renter-occupied share within 3 miles is in the mid-to-upper third, indicating a meaningful renter pool without overreliance on transient demand.
Ownership costs in the immediate neighborhood are comparatively accessible by national standards, which can create some competition with entry-level ownership. For investors, this argues for a focus on service, amenity execution, and pricing discipline to sustain retention and minimize turnover. Limited pharmacy presence locally is a minor convenience gap but is offset by strong park and grocery access.
Safety indicators for the neighborhood are around the national midpoint overall, with violent incident levels closer to the national middle and property offenses comparatively higher. Recent year-over-year trends show declines in both violent and property offenses, which is a constructive signal for long-term operations.
For investors, this reads as a market where standard security measures and active property management can help support resident satisfaction and retention, while ongoing monitoring of property-crime trends remains prudent.
Proximity to a diversified employment base supports renter demand and commuting convenience, led by technology and healthcare-adjacent corporate offices listed below.
- Intel Folsom FM5 — technology (10.3 miles)
- Cardinal Health — healthcare distribution (18.0 miles)
- DISH Network Distribution Center — logistics (19.4 miles)
- Xerox State Healthcare — healthcare services (22.2 miles)
- International Paper — packaging & paper (22.4 miles)
The 62-unit asset at 5415 S Grove St benefits from a top-quartile neighborhood within the Sacramento–Roseville–Folsom metro, strong grocery and park access, and neighborhood occupancy in the low 90s. Built in 1985, it should compare well against older local stock while offering value-add potential through targeted renovations and building-system updates. Demographic statistics within a 3-mile radius show recent population growth, forecast household expansion, and smaller household sizes, reinforcing depth in the renter pool and supporting occupancy stability.
Homeownership looks more accessible here than in many coastal California markets, which can temper pricing power; however, rent-to-income dynamics are manageable and household incomes are rising. According to commercial real estate analysis from WDSuite, operating performance locally trends above national averages, suggesting a supportive backdrop for disciplined revenue management and expense control.
- Top-quartile neighborhood with strong daily amenities and park access
- 1985 vintage provides competitive positioning with clear value-add pathways
- 3-mile household growth and smaller household sizes expand renter demand
- Local operating metrics outpace national norms, supporting revenue management
- Risk: relatively accessible ownership and property-crime considerations call for pricing discipline and active management