| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 65th | Good |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5953 Springview Dr, Rocklin, CA, 95677, US |
| Region / Metro | Rocklin |
| Year of Construction | 1986 |
| Units | 48 |
| Transaction Date | 2008-10-24 |
| Transaction Price | $8,650,000 |
| Buyer | MEAGHER DONALD T |
| Seller | ROCKLIN SPRINGVIEW VILLAGE INVESTORS |
5953 Springview Dr Rocklin Multifamily Investment
This 48-unit property in Rocklin's Inner Suburb neighborhood features 97.8% occupancy rates and strong rental demand fundamentals. Neighborhood-level performance ranks in the top quartile among 561 Sacramento metro neighborhoods for net operating income per unit, according to CRE market data from WDSuite.
Built in 1986, this property sits in Rocklin's Inner Suburb neighborhood, which ranks 58th among 561 Sacramento-Roseville-Folsom metro neighborhoods with an A rating. The 1986 construction year aligns with the neighborhood's 1993 average, positioning this asset for potential value-add opportunities through targeted renovations and unit improvements.
Neighborhood-level occupancy remains strong at 97.8%, ranking in the 88th percentile nationally and reflecting stable rental demand. With 63.4% of housing units renter-occupied—ranking in the 95th percentile nationally—the area demonstrates deep rental market penetration that supports consistent tenant demand. Contract rents average $1,670, placing the neighborhood in the 84th percentile nationally for rent levels.
Demographics within a 3-mile radius show a population of 78,557 with median household income of $110,418. Forecasted growth projects household counts increasing 31.1% by 2028, expanding the potential renter pool. The area benefits from strong amenity density, including 4.5 grocery stores per square mile (95th percentile nationally) and quality schools averaging 4.0 out of 5 stars (84th percentile nationally), supporting tenant retention and lease-up velocity.
Home values average $504,082 with a median rent-to-income ratio of 0.27, indicating rental affordability that supports occupancy stability. However, the relatively low rent-to-income ratio warrants monitoring for potential rental rate optimization opportunities while maintaining competitive positioning in the market.
Safety metrics show the neighborhood ranking 318th among 561 Sacramento metro neighborhoods for overall crime, placing it near the metro median. Property offense rates declined 2.4% year-over-year, while violent crime rates decreased significantly by 25.9%, ranking in the 73rd percentile nationally for crime reduction trends.
The neighborhood's crime profile reflects typical suburban patterns, with property offense rates of 549 per 100,000 residents and violent crime at 37 per 100,000 residents. While not among the metro's safest neighborhoods, the improving trend in both categories suggests stabilizing conditions that support tenant retention and property management operations.
The Rocklin area benefits from proximity to major corporate employers in the greater Sacramento region, providing workforce housing opportunities for technology and healthcare professionals.
- Intel Folsom FM5 — technology manufacturing (10.1 miles)
- Cardinal Health — healthcare services (16.8 miles)
- DISH Network Distribution Center — telecommunications (18.3 miles)
- Xerox State Healthcare — business services (20.9 miles)
- International Paper — manufacturing (21.1 miles)
This 48-unit Rocklin property presents a compelling value-add opportunity in a neighborhood demonstrating above-average fundamentals. Built in 1986 with 787-square-foot average units, the asset offers renovation upside potential while benefiting from neighborhood-level occupancy of 97.8% that ranks in the 88th percentile nationally. The area's net operating income per unit averaging $10,115 places it in the top quartile among Sacramento metro neighborhoods, according to multifamily property research from WDSuite.
Demographic projections within a 3-mile radius show household growth of 31.1% by 2028, expanding the tenant base while median rents are forecasted to increase 35.5% over five years. The neighborhood's 63.4% renter-occupied housing share (95th percentile nationally) indicates strong rental market depth, while quality schools and amenity density support tenant retention and competitive positioning.
- Neighborhood occupancy of 97.8% ranks in 88th percentile nationally, indicating stable rental demand
- NOI per unit averages $10,115, ranking top quartile among 561 Sacramento metro neighborhoods
- 1986 construction offers value-add renovation potential with 787 sq ft average units
- Household growth projected at 31.1% by 2028 expanding potential renter pool
- Risk: Low rent-to-income ratio at 0.27 may limit aggressive rent growth strategies