| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 46th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2548 Walnut Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1977 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2548 Walnut Ave Carmichael Multifamily Opportunity
Neighborhood occupancy is near 98% with a high share of renter-occupied units, supporting stable leasing fundamentals according to WDSuite’s CRE market data; these metrics reflect the surrounding neighborhood, not this specific property.
Located in Carmichael within the Sacramento-Roseville-Folsom metro, the neighborhood ranks 127 out of 561 metro neighborhoods, placing it in the top quartile locally. Occupancy trends are notably strong (ranked 119 of 561; top quartile metro and 90th percentile nationally), indicating durable demand that can support steady cash flow at stabilized properties.
Daily-life amenities are a relative strength. Cafes are dense (95th percentile nationally), with restaurants (86th) and grocery options (84th) likewise in the top quartile, plus pharmacies (85th) nearby. Park access is limited (ranked 561 of 561; low national standing), which may modestly reduce lifestyle appeal for outdoor-focused residents but typically has a minor impact on core leasing in workforce-oriented submarkets.
The area skews renter-friendly: the share of housing units that are renter-occupied is high (ranked 31 of 561; top decile metro and 97th percentile nationally). For multifamily owners, this depth of renter households supports a broader tenant base and helps sustain occupancy through cycles. Median contract rents sit around the upper-mid range for the region (67th percentile nationally), while NOI per unit performs mid-pack versus peers.
Within a 3-mile radius, demographic data indicate population and households have grown in recent years, with forecasts calling for additional household gains by 2028. A slight reduction in average household size suggests continued demand for rental housing from smaller households, which can support occupancy stability. Elevated home values (84th percentile nationally) and a high value-to-income ratio (98th percentile) signal a high-cost ownership market that tends to reinforce reliance on multifamily rentals, aiding tenant retention and pricing power. The property’s 1977 vintage is newer than the neighborhood’s average construction year (1966), offering relative competitiveness versus older stock while still warranting selective modernization of aging systems for long-term positioning.
Safety indicators for the neighborhood sit around the metro median (crime rank 283 out of 561 Sacramento-area neighborhoods) and roughly mid-pack nationally (52nd percentile). Recent trends are mixed: violent offense estimates show a sharp year-over-year improvement (nationally strong improvement at the 83rd percentile), while property offense estimates have increased over the past year (31st percentile for improvement), a dynamic investors should factor into operations and security planning.
Proximity to distribution, healthcare, technology, and paper services employers supports a diverse commuter tenant base and can help with leasing stability for workforce housing. The following nearby employers anchor local demand:
- DISH Network Distribution Center — distribution (6.0 miles)
- Cardinal Health — healthcare distribution (6.5 miles)
- Intel Folsom FM5 — technology (10.0 miles)
- International Paper — paper & packaging (10.9 miles)
- Xerox State Healthcare — healthcare services (11.6 miles)
2548 Walnut Ave offers exposure to a renter-heavy pocket of Carmichael with top-quartile neighborhood occupancy and dense daily amenities that support leasing durability. Elevated ownership costs in the area tend to sustain rental demand, and within a 3-mile radius both population and household counts are expanding, pointing to a larger tenant base ahead. According to CRE market data from WDSuite, neighborhood occupancy levels remain above metro medians, reinforcing the case for steady performance at stabilized multifamily assets.
Built in 1977, the asset is newer than the neighborhood’s average vintage, implying relative competitiveness versus older stock and potential to capture demand with targeted renovations. Investors should plan for selective system updates typical of late-1970s construction. Affordability pressure (reflected in elevated rent-to-income ratios) and limited park access are manageable considerations that can be addressed through resident experience and lease management.
- Strong neighborhood occupancy (top quartile metro; 90th percentile nationally) supports leasing stability
- Renter-occupied share in the top decile locally signals depth of tenant demand
- High-cost ownership market reinforces reliance on rentals and tenant retention
- 1977 vintage offers value-add via targeted modernization versus older competing stock
- Risks: affordability pressure (rent-to-income), limited park access, and mixed crime trends warrant active management