| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 67th | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1605 Santa Clara Dr, Roseville, CA, 95661, US |
| Region / Metro | Roseville |
| Year of Construction | 1972 |
| Units | 72 |
| Transaction Date | 2018-06-29 |
| Transaction Price | $5,700,000 |
| Buyer | NOVA VENTURES LLC |
| Seller | SANTA CLARA TERRACE LP |
1605 Santa Clara Dr, Roseville Multifamily Investment
Positioned in an Inner Suburb pocket of Roseville with stable neighborhood occupancy and strong school ratings, this asset benefits from steady renter demand, according to WDSuite’s CRE market data. High ownership costs in the area tend to support multifamily retention and pricing discipline over time.
This B+–rated neighborhood in the Sacramento–Roseville–Folsom metro ranks 148 out of 561 locally, indicating it is competitive among Sacramento–Roseville–Folsom neighborhoods. The setting is suburban with good daily convenience from restaurants and cafés (both strong locally and in the 90th+ national percentiles), while immediate grocery, park, and pharmacy options are thinner inside the neighborhood footprint; many residents tap nearby Roseville corridors for those needs.
Neighborhood occupancy averages 94.1% (neighborhood metric, not property-specific) with a national percentile near the mid‑60s, supporting a stable leasing backdrop. The renter-occupied share of housing units is about 35% and sits above the metro median, implying a meaningful tenant base for multifamily operators without oversaturation.
Schools average around 4.0 out of 5 and are top quartile nationally, a family-friendly signal that can aid retention and broaden the applicant pool. Median home values in the neighborhood are elevated relative to many U.S. areas (mid‑80s national percentile), and the value‑to‑income ratio sits in the 90th+ percentile nationally—conditions that reinforce reliance on rental options and can support occupancy stability and pricing power for professionally managed assets.
At the neighborhood level, average NOI per unit ranks 43rd of 561 locally (upper tier in the metro), and median contract rents benchmark in the upper national quartiles while the rent‑to‑income ratio trends below national averages. For investors, that combination points to demand depth with moderate affordability pressure—helpful for lease management and renewal outcomes.
Demographic statistics (aggregated within a 3‑mile radius) show recent population growth alongside a larger increase in households and families, with forecasts calling for further household expansion and a slightly smaller average household size. That pattern typically enlarges the renter pool and supports multifamily absorption and occupancy durability.
Safety indicators are favorable in comparative terms. Neighborhood violent‑offense rates benchmark in the mid‑70s national percentile (safer than many neighborhoods nationwide), and property‑offense estimates have declined year over year. Within the Sacramento–Roseville–Folsom metro, the area’s crime ranking places it above the metro average among 561 neighborhoods, reinforcing a stable operating environment for workforce and family renters.
Proximity to major employers supports commute convenience and leasing stability, with a mix of technology, healthcare logistics, and corporate services that underpin local renter demand. Notable nearby employers include Intel, Cardinal Health, DISH Network, Xerox State Healthcare, and International Paper.
- Intel Folsom FM5 — technology & product development (8.6 miles)
- Cardinal Health — healthcare logistics (14.8 miles)
- DISH Network Distribution Center — distribution & operations (16.1 miles)
- Xerox State Healthcare — healthcare services (19.2 miles)
- International Paper — packaging & paper products (19.2 miles)
1605 Santa Clara Dr is a 72‑unit, 1972‑vintage property positioned in a competitive Inner Suburb location where neighborhood occupancy is steady and schools rate well above national medians. Elevated area home values and a value‑to‑income ratio in the 90th+ percentile nationally reinforce sustained renter reliance on multifamily housing, while neighborhood‑level rent benchmarks and a below‑average rent‑to‑income ratio point to manageable affordability pressure that can support retention and pricing discipline.
The 1972 construction presents clear value‑add and capital‑planning angles—modernization of interiors and building systems can enhance competitive positioning versus newer stock. Demographic statistics within a 3‑mile radius show recent population gains, stronger household growth, and forecasts for further household expansion, translating to a broader tenant base over the medium term. According to CRE market data from WDSuite, occupancy and income fundamentals trend above national mid‑ranges locally, underscoring durable demand drivers with measured, execution‑focused risks.
- Stable neighborhood occupancy and strong schools support leasing durability
- High ownership costs in the area sustain rental demand and pricing power
- 1972 vintage offers value‑add and systems‑upgrade upside to improve competitiveness
- 3‑mile household growth expands the tenant base and supports absorption
- Risk: thinner grocery/park options inside the neighborhood and older building systems require proactive asset management