| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 90th | Best |
| Amenities | 8th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7650 Highlands View Rd, Truckee, CA, 96161, US |
| Region / Metro | Truckee |
| Year of Construction | 2006 |
| Units | 96 |
| Transaction Date | 2010-12-16 |
| Transaction Price | $6,150,000 |
| Buyer | KG Sawmill Investors LLC |
| Seller | Northstar |
7650 Highlands View Rd Truckee Multifamily Investment
This 96-unit property built in 2006 serves an affluent neighborhood where median home values exceed $1.7 million, supporting sustained rental demand according to WDSuite's CRE market data.
The Truckee neighborhood demonstrates strong demographics with household incomes ranking 49th among 561 Sacramento metro neighborhoods and reaching the 95th national percentile. Within a 3-mile radius, median household income stands at $141,246, with projections showing continued growth to $232,157 by 2028. This income growth supports tenant retention and pricing power for multifamily operators.
Housing dynamics favor rental demand, with median home values of $1.8 million creating significant barriers to ownership. The neighborhood's value-to-income ratio ranks 17th metro-wide and reaches the 99th national percentile, indicating elevated ownership costs that sustain reliance on rental housing. The property's 2006 construction year aligns with the neighborhood average of 1995, positioning it as newer stock that may require less immediate capital expenditure compared to older inventory.
The area maintains a limited rental supply, with only 2.4% of housing units being renter-occupied, ranking 545th among metro neighborhoods. This scarcity, combined with the high-income demographic profile and ownership cost barriers, creates a constrained rental market that may benefit well-positioned multifamily assets. However, the low rental concentration also indicates potential challenges in lease-up velocity and tenant sourcing compared to more rental-dense submarkets.
Comprehensive crime data for this neighborhood is not currently available in the market dataset. Investors should conduct independent due diligence on local safety conditions and trends when evaluating this Truckee location. The suburban neighborhood character and high-income demographics typically correlate with lower crime rates, though specific metrics should be verified through local law enforcement sources and community data.
The employment base in this Truckee submarket is anchored by corporate operations within commuting distance, though the rural mountain location limits immediate proximity to major employers.
- Sysco Food Service — food distribution services (21.8 miles)
This Truckee multifamily asset benefits from exceptional demographic fundamentals, with household incomes in the top 5% nationally and home values creating substantial ownership barriers that sustain rental demand. The 2006 construction vintage positions the property as relatively modern infrastructure requiring less immediate capital investment compared to older neighborhood stock.
The constrained rental supply environment, where only 2.4% of housing units are renter-occupied, creates potential pricing power for well-located assets. However, investors should carefully evaluate lease-up dynamics and tenant sourcing strategies given the limited local rental market depth and rural mountain location.
- Top 5% national household income demographics support premium rental pricing
- $1.8 million median home values create significant ownership barriers
- 2006 construction reduces near-term capital expenditure requirements
- Limited rental supply may support occupancy stability and pricing power
- Rural location and low rental density present lease-up and tenant sourcing challenges