| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 65th | Good |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5780 Springview Dr, Rocklin, CA, 95677, US |
| Region / Metro | Rocklin |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | 2006-01-26 |
| Transaction Price | $5,750,000 |
| Buyer | LACK FAMILY INVESTMENTS |
| Seller | SILVER OAKS APARTMENTS LLC |
5780 Springview Dr Rocklin Multifamily Opportunity
Neighborhood occupancy is 97.8% — a signal of leasing stability at the area level, according to WDSuite’s CRE market data; this reflects the neighborhood, not the property, and supports an investor focus on durable rent rolls.
Rocklin’s inner-suburb setting offers daily convenience with strong access to groceries, restaurants, and childcare. Neighborhood amenity density trends in the top quartile nationally for several categories, which can support resident retention and steady leasing velocity. Average school ratings near 4.0 (out of 5) place the area among the top quartile of the Sacramento–Roseville–Folsom metro (ranked 25th among 561 neighborhoods), a positive signal for family-oriented renter demand.
The neighborhood’s occupancy rate ranks above the metro median (147th of 561), and sits in a high national percentile, suggesting durable renter demand and reduced downtime between turns compared with many U.S. neighborhoods. Median contract rents in the neighborhood are elevated relative to many U.S. areas, yet the rent-to-income ratio is lower than national norms, indicating comparatively lighter affordability pressure and potential for steadier collections. These are neighborhood-level indicators, not property performance.
Construction year for the asset is 1979, older than the neighborhood average (1993). That vintage typically warrants capital planning around systems and interiors, but it can also present value-add and repositioning upside to compete effectively against newer stock.
Tenure patterns indicate a substantial renter-occupied presence at the neighborhood level (about 63.4% of housing units renter-occupied), pointing to a deep tenant base for multifamily. Within a 3-mile radius, households and families have grown over the last five years and are projected to continue expanding, which supports renter pool expansion and occupancy stability. High home values in the neighborhood context reinforce reliance on multifamily housing, sustaining demand even as incomes in the 3-mile radius trend higher.
Counterpoints for underwriting: park and pharmacy access within the immediate neighborhood ranks low relative to both the metro and nation, so onsite amenities and unit upgrades may be more influential in resident retention. Overall, the neighborhood’s A rating (58th of 561) and a strong national position across housing and amenities remain constructive for long-term multifamily performance.
Neighborhood safety indicators sit near the national middle overall, with violent-offense levels around average compared to U.S. neighborhoods. Property-crime exposure trends somewhat less favorable than national averages, so prudent security measures and lighting can help support resident satisfaction and retention. These are neighborhood-level indicators, not property-specific conditions.
Recent trends are constructive: estimated violent offenses declined year over year, placing the neighborhood in a stronger improvement percentile nationally. For investors, these directional shifts suggest a stabilizing backdrop relative to peer areas in the Sacramento–Roseville–Folsom metro, while still warranting ongoing monitoring in asset management plans.
Proximity to major employers across technology, healthcare distribution, and corporate services supports a broad commuter tenant base and lease retention. The companies below reflect the primary demand drivers within typical commuting range.
- Intel Folsom FM5 — semiconductor design & operations (10.6 miles)
- Cardinal Health — healthcare distribution (17.4 miles)
- DISH Network Distribution Center — logistics & distribution (19.0 miles)
- Xerox State Healthcare — healthcare services (21.5 miles)
- International Paper — packaging & paper products (21.7 miles)
5780 Springview Dr offers a 24-unit footprint in an A-rated Rocklin neighborhood where occupancy is strong and renter demand is broad-based at the neighborhood level. Based on CRE market data from WDSuite, neighborhood occupancy ranks above the metro median and in a high national percentile, supporting an underwriting case for stable cash flow assumptions on a normalized basis. Elevated neighborhood home values and a sizable renter-occupied share point to a deep tenant pool, while the asset’s 1979 vintage introduces clear value-add pathways through interior and systems upgrades.
Within a 3-mile radius, population and household growth over the past five years — with further increases projected — expand the renter base and support leasing durability. Amenity access and strong school ratings bolster livability, though limited park/pharmacy density and average safety metrics suggest the importance of on-site amenity programming and basic security practices in the business plan.
- Neighborhood occupancy ranks above the metro median, supporting steady leasing and limited downtime.
- High neighborhood home values and a substantial renter-occupied share reinforce multifamily demand and pricing power.
- 1979 vintage presents value-add potential through targeted renovations and system modernization.
- 3-mile household and population growth expands the tenant base, supporting occupancy stability.
- Risk: limited park/pharmacy density and average safety metrics call for amenity and security focus in operations.