| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 65th | Good |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5761 Shannon Bay Dr, Rocklin, CA, 95677, US |
| Region / Metro | Rocklin |
| Year of Construction | 1988 |
| Units | 44 |
| Transaction Date | 2018-09-01 |
| Transaction Price | $9,242,000 |
| Buyer | Fred Martin |
| Seller | William Karadanis |
5761 Shannon Bay Dr Rocklin Multifamily Opportunity
Neighborhood occupancy is strong and renter demand appears durable in this inner-suburban pocket of Rocklin, according to WDSuite’s CRE market data, supporting a stable income thesis for well-managed assets.
Positioned in Rocklin’s Inner Suburb, the neighborhood ranks 58 out of 561 metro neighborhoods (A rating), placing it competitive among Sacramento–Roseville–Folsom neighborhoods and in the top quartile nationally for several housing fundamentals. Neighborhood occupancy is high (97.8%), which sits in the 88th percentile nationwide—an indicator of stable leasing conditions at the neighborhood level rather than a measure of this specific property.
Daily-life amenities are a relative strength: grocery and cafe density rank near the top of the metro (both among the stronger percentiles nationally), enhancing resident convenience and lease retention potential. Public park and pharmacy counts are limited in the immediate area, so on-site features or nearby private services can matter for renter appeal.
Schools average 4.0 out of 5 (25th of 561 locally; top quartile nationally), which supports family-oriented renter demand. Median home values in the neighborhood sit in a higher national percentile, and the value-to-income ratio is also elevated—conditions that tend to reinforce reliance on multifamily housing and support pricing power. At the same time, the neighborhood’s rent-to-income ratio trends on the lower side nationally, which can aid lease retention and reduce turnover risk.
Tenure and demographics point to depth in the renter pool. The neighborhood shows a high share of renter-occupied housing units, indicating a sizable base for multifamily demand. Within a 3-mile radius, population and households have grown over the past five years and are projected to continue expanding, implying a larger tenant base and support for occupancy stability. Average household size is edging lower in projections, which can further broaden demand for well-located, mid-size units.
Vintage considerations: this property was built in 1988, a bit older than the neighborhood’s average 1993 stock. For investors, that introduces capital planning items alongside potential value-add and modernization upside to sharpen competitive positioning against newer product.
Neighborhood safety indicators track around the national middle overall, with recent momentum trending favorable. Violent-offense rates have declined year over year (improvement in a stronger national percentile), while property-offense measures sit closer to mid-range. These data reflect neighborhood-level conditions, not block-by-block specifics, and should be considered alongside asset security features and management practices.
Within the Sacramento–Roseville–Folsom metro, the neighborhood’s crime rank is near the middle of 561 neighborhoods, signaling neither an outlier risk nor a top-performing safety profile. For underwriting, this typically supports standard operating assumptions rather than premium or discount adjustments tied to safety alone.
Proximity to major employers across technology, healthcare, logistics, and manufacturing supports commuter convenience and broad renter demand, reflected by nearby Intel, Cardinal Health, DISH Network’s distribution facility, Xerox State Healthcare, and International Paper.
- Intel Folsom FM5 — semiconductors & design campus (10.7 miles)
- Cardinal Health — medical distribution (17.3 miles)
- DISH Network Distribution Center — logistics & distribution (18.9 miles)
- Xerox State Healthcare — healthcare services & IT (21.3 miles)
- International Paper — packaging & paper operations (21.6 miles)
This 44-unit, 1988-vintage asset in Rocklin benefits from a neighborhood with high occupancy, strong amenity access, and school quality that ranks among the metro’s leaders—factors that support leasing durability. Elevated ownership costs in the neighborhood reinforce renter reliance on multifamily housing, while a comparatively modest rent-to-income profile can aid retention and limit concessions pressure, based on CRE market data from WDSuite.
Within a 3-mile radius, recent population and household growth—paired with projections for continued expansion—signal a larger tenant base over time. Given the asset’s slightly older vintage than the local average, a targeted value-add plan can unlock rent positioning and operational gains while addressing systems and finish updates to remain competitive against newer supply.
- Neighborhood-level occupancy in a high national percentile supports income stability (neighborhood metric, not property-specific).
- Elevated home values and value-to-income dynamics sustain renter demand and pricing power.
- Growing 3-mile population and household counts expand the tenant base and support lease-up/retention.
- 1988 vintage provides value-add and modernization upside to strengthen competitive positioning.
- Risk: mixed-but-improving safety indicators and limited nearby parks/pharmacies warrant standard operating safeguards and amenity programming.