| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 88th | Best |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2432 Camino Park Ct, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2432 Camino Park Ct Carmichael Multifamily Investment
This 20-unit property benefits from neighborhood demographics ranking in the top 12% nationally, with median household income exceeding $152K according to CRE market data from WDSuite.
Located in Carmichael's inner suburban landscape, this neighborhood ranks 44th among 561 metro neighborhoods with an A-grade overall rating. The area demonstrates strong demographic fundamentals, ranking in the 88th percentile nationally for income and education metrics within a 3-mile radius.
Built in 1978, this property represents value-add renovation potential as the neighborhood's average construction year is 1985, suggesting capital improvement opportunities to align with area standards. The local housing market shows 43% of units are renter-occupied, providing a substantial rental base, while median contract rents of $1,475 have grown 48.7% over five years.
Demographic projections within the 3-mile radius indicate household growth from 40,408 to 55,253 units by 2028, representing a 36.7% increase that supports expanding renter demand. Median household income is forecast to rise from $91,980 to $125,949, while contract rents are projected to reach $1,900, reflecting sustained affordability dynamics that favor multifamily retention.
The neighborhood maintains solid amenity access with 2.08 grocery stores per square mile, ranking in the 84th percentile nationally, and cafe density in the 87th percentile. However, childcare and pharmacy access rank lower, which may influence family tenant preferences and retention strategies.
Safety metrics show mixed trends for this Carmichael neighborhood. Property crime rates rank 203rd among 561 metro neighborhoods, placing it near the median with an estimated rate of 193 incidents per 100,000 residents. More encouraging, property crime has declined 29% year-over-year, ranking in the 73rd percentile nationally for improvement.
Violent crime performance is notably stronger, with the neighborhood ranking 133rd out of 561 metro areas and achieving the 97th percentile nationally for violent crime reduction, showing an 82% decrease over the past year. This improvement trend supports tenant retention and leasing stability, though investors should monitor whether these reductions represent sustainable patterns or temporary fluctuations.
The surrounding employment landscape includes major corporate operations within reasonable commuting distance, supporting workforce housing demand for professional tenants.
- DISH Network Distribution Center — telecommunications distribution (6.2 miles)
- Cardinal Health — healthcare services (7.3 miles)
- Intel Folsom FM5 — technology manufacturing (9.2 miles)
- International Paper — industrial manufacturing (11.7 miles)
- Xerox State Healthcare — healthcare technology (12.5 miles)
This Carmichael property offers value-add potential in a demographically strong neighborhood that ranks in the top 8% of Sacramento metro areas. Built in 1978, the asset presents renovation upside to capture rent growth in a market where contract rents have increased 48.7% over five years. According to multifamily property research from WDSuite, the 3-mile radius projects 36.7% household growth through 2028, expanding the renter pool substantially.
The neighborhood's high-income demographics provide pricing power stability, with median household income of $152K ranking in the 94th percentile nationally. While occupancy rates have softened slightly to 90.8%, the area's 43% renter share and proximity to major employers like Intel and Cardinal Health support long-term demand fundamentals.
- Strong demographic profile ranking 88th percentile nationally with $152K median income
- Value-add renovation opportunity in 1978 vintage building
- Projected 36.7% household growth supporting renter demand expansion
- Proximity to major employers including Intel and DISH Network
- Risk: Occupancy softening trend requires active lease management