| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 65th | Good |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6050 Placer West Dr, Rocklin, CA, 95677, US |
| Region / Metro | Rocklin |
| Year of Construction | 1989 |
| Units | 68 |
| Transaction Date | 2016-06-10 |
| Transaction Price | $9,280,000 |
| Buyer | BMRCK LP |
| Seller | BRIGHTON 68 APARTMENTS LLC |
6050 Placer West Dr Rocklin Multifamily Investment
Neighborhood occupancy has remained high and stable, and renter demand is supported by a sizable tenant base in the immediate area, according to WDSuite s CRE market data. For investors, this points to durable leasing fundamentals in Rocklin with potential to sustain performance through cycles.
Rocklin s neighborhood surrounding 6050 Placer West Dr rates A and ranks 58 out of 561 metro neighborhoods, placing it in the top quartile among Sacramento-Roseville-Folsom submarkets for overall fundamentals. Amenity access is a local strength: cafes and grocery options score in the high national percentiles, which supports daily-life convenience and helps with resident retention.
Rents in the neighborhood trend above national norms while the occupancy rate is strong (measured for the neighborhood, not the property), signaling steady absorption potential and pricing power in tighter leasing windows based on CRE market data from WDSuite. Within a 3-mile radius, household counts have increased over the past five years, and forecasts point to additional household growth by 2028, expanding the renter pool and supporting occupancy stability.
Schools average about 4.0 out of 5 (84th percentile nationally), which can enhance leasing appeal for family renters. National amenity percentiles for cafes (~91st) and groceries (~95th) indicate convenience compares favorably to many U.S. neighborhoods, even as park and pharmacy access are limited locally; investors should weigh this mixed livability profile when evaluating long-term retention.
The property s 1989 vintage is slightly older than the neighborhood s average construction year of 1993. For investors, that typically implies planning for selective capital improvements or value-add upgrades to keep the asset competitive against newer stock, while leveraging the area s above-median occupancy backdrop.
Tenure dynamics within a 3-mile radius show roughly 43% of housing units are renter-occupied, indicating a deep, diverse tenant base that can support demand for 1- and 2-bedroom product. Elevated home values in the neighborhood context tend to reinforce reliance on multifamily housing, aiding lease retention and reducing move-outs to ownership during stable periods.
Safety indicators for the neighborhood track close to national midpoints, with violent offense rates around the national median and property offense rates somewhat weaker versus nationwide comparisons. Recent trends show improvement, with estimated violent offenses declining year over year and property offenses edging down modestly, according to WDSuite.
Within the Sacramento-Roseville-Folsom metro context, the neighborhood s crime rank sits in the middle tier among 561 neighborhoods. For investors, this suggests a typical risk profile for the region rather than an outlier, with current trajectories worth monitoring as part of ongoing asset management and leasing strategy.
Nearby employment anchors provide a diversified base that can support workforce housing demand and reduce commute friction for residents, including semiconductor, healthcare distribution, telecommunications logistics, and paper products offices.
- Intel Folsom FM5 semiconductor offices (10.2 miles)
- Cardinal Health healthcare distribution (16.7 miles)
- DISH Network Distribution Center telecommunications logistics (18.3 miles)
- Xerox State Healthcare healthcare services (20.9 miles)
- International Paper paper products offices (21.1 miles)
This 68-unit, 1989-vintage asset offers scale in a Rocklin neighborhood with above-median occupancy and strong amenity access relative to national peers. Neighborhood rents trend above national levels while remaining supported by a large renter base within a 3-mile radius and continued household growth, which can underpin occupancy stability and moderate pricing power through the cycle. Elevated ownership costs in the area further sustain renter reliance on multifamily housing, aiding lease retention. According to CRE market data from WDSuite, the neighborhood s overall fundamentals rank competitively in the metro, which supports a long-term hold or value-add thesis.
Given the vintage, a targeted capex plan focused on interiors, common areas, and systems can position the property effectively against newer competition and capture rent trade-ups tied to convenience, schools, and proximity to employment nodes. Monitoring affordability pressure and local safety trends remains prudent, but current demand indicators suggest durable renter depth and leasing resilience.
- High neighborhood occupancy and strong amenity access support leasing stability
- 1989 vintage offers value-add potential via targeted renovations and systems upgrades
- 3-mile renter base and projected household growth expand the tenant pool
- Elevated ownership costs reinforce multifamily demand and retention
- Risks: limited parks/pharmacy access and mid-tier safety metrics warrant monitoring