| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 46th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2812 Walnut Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1977 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2812 Walnut Ave, Carmichael CA Multifamily Investment
Stabilized renter demand and strong neighborhood occupancy support long-term income durability, according to WDSuite’s CRE market data.
Located in Carmichael within the Sacramento-Roseville-Folsom metro, the neighborhood rates A- (ranked 127 out of 561 metro neighborhoods), indicating competitive fundamentals for multifamily. Neighborhood occupancy runs strong and above metro median (rank 119 of 561), a constructive backdrop for lease stability at the property level. Median contract rents in the area sit in the mid-range for the region (national percentile 67), balancing revenue potential with retention considerations.
Tenant depth is reinforced by a high share of renter-occupied housing units at the neighborhood level (68.1%; 97th percentile nationally). This elevated renter concentration typically supports a larger and more consistent leasing pool for multifamily assets. Nearby, amenity access is a relative strength: cafes (95th percentile nationally), restaurants (86th), groceries (84th), and childcare (93rd) score well, though park access is limited within the immediate neighborhood. These dynamics generally translate to day-to-day convenience that supports leasing and renewal decisions.
Within a 3-mile radius, demographics indicate population and household growth over the last five years with further increases projected by 2028, expanding the local renter pool. The ownership market’s elevated value-to-income ratio (98th percentile nationally) and higher home values (84th percentile) point to a high-cost ownership environment, which tends to sustain reliance on multifamily rentals and can support pricing power when managed carefully. Household incomes have also trended higher in recent years, which can bolster effective demand.
Construction patterns in the surrounding neighborhood skew older on average (1966). With a 1977 vintage, the property is somewhat newer than neighborhood norms, which can aid competitive positioning versus older stock, while still warranting selective modernization of aging systems to support rentability and operating efficiency. Overall, these local dynamics align with an attractive commercial real estate analysis profile emphasizing occupancy stability and renter demand depth.
Safety indicators are mixed but improving in key areas. The neighborhood’s overall crime standing sits around the metro middle (crime rank 283 of 561), broadly consistent with national mid-range readings (52nd percentile). Importantly, violent offense rates have trended lower year over year (improvement reflected near the top quartile nationally at the 83rd percentile), suggesting recent directional gains. These figures describe neighborhood-level patterns rather than block-specific conditions.
Proximity to diversified employers supports workforce housing demand and commute convenience for residents, including distribution, healthcare, technology, and paper products operations.
- DISH Network Distribution Center — distribution (6.3 miles)
- Cardinal Health — healthcare distribution (6.6 miles)
- Intel Folsom FM5 — technology & engineering (9.9 miles)
- International Paper — paper & packaging (11.1 miles)
- Xerox State Healthcare — healthcare services & administration (11.7 miles)
2812 Walnut Ave is a 64-unit asset built in 1977, positioned in a neighborhood with above-median occupancy and high renter concentration, supporting steady leasing and retention. Within a 3-mile radius, population and household counts have been rising with further growth anticipated by 2028, implying a larger tenant base over time. Elevated ownership costs relative to incomes in the surrounding area continue to reinforce reliance on multifamily housing, while amenity density (food, childcare, groceries) enhances day-to-day livability that can aid renewals and absorb new leases. Based on CRE market data from WDSuite, neighborhood occupancy trends sit above the metro median, a constructive signal for income stability when paired with prudent lease management.
The 1977 vintage is newer than the local average stock and could provide a competitive edge versus older properties, while still offering value-add potential through targeted systems modernization and interior updates. Affordability pressure (rent-to-income near one-third at the neighborhood level) warrants careful pricing and renewal strategy, but the combination of strong renter-occupied share and a high-cost ownership market helps support ongoing demand.
- Above-median neighborhood occupancy and strong renter concentration support leasing stability
- Growing 3-mile population and households expand the tenant base and support long-term demand
- Elevated ownership costs in the area sustain reliance on rentals, aiding pricing power
- 1977 vintage offers value-add potential via targeted renovations relative to older local stock
- Risk: affordability pressure near one-third rent-to-income requires disciplined rent and renewal strategy