| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 46th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5120 Marconi Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5120 Marconi Ave Carmichael Multifamily Investment
This 40-unit property built in 1987 benefits from strong neighborhood occupancy at 98.2% and a high renter concentration of 68.1%, according to CRE market data from WDSuite.
The Carmichael neighborhood ranks in the top quartile nationally for occupancy stability with 98.2% occupancy rates, well above typical metro averages. With 68.1% of housing units renter-occupied, this area maintains strong rental demand fundamentals. The neighborhood receives an A- rating and ranks 127th among 561 metro neighborhoods, indicating solid investment positioning within the Sacramento market.
Demographics within a 3-mile radius show a population of nearly 100,000 residents with median household income of $92,639, representing 38.6% growth over five years. Household growth is projected to accelerate 38.1% through 2028, expanding the potential tenant base. The area's median contract rent of $1,376 has increased 37.1% over five years, demonstrating pricing power while maintaining affordability relative to income levels.
Built in 1987, this property aligns with the neighborhood's average construction year of 1966, suggesting potential value-add opportunities through strategic capital improvements. The location provides strong amenity access with above-average restaurant and grocery density, supporting tenant retention. Home values averaging $504,000 with 43.6% five-year appreciation reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Crime metrics place this neighborhood near the middle of Sacramento area neighborhoods, ranking 283rd out of 561 total neighborhoods for overall crime levels. Property offense rates show recent increases of 12.6% year-over-year, though violent crime has decreased significantly by 44.5%, indicating improving trends in serious incidents. The neighborhood performs at the 52nd percentile nationally for crime, suggesting moderate safety conditions typical of urban core locations.
The surrounding area benefits from proximity to major corporate employers that provide stable workforce housing demand, including distribution and technology operations within reasonable commuting distance.
- DISH Network Distribution Center — distribution operations (6.4 miles)
- Cardinal Health — healthcare services (6.6 miles)
- Intel Folsom FM5 — technology manufacturing (9.9 miles)
- International Paper — manufacturing (11.1 miles)
This 40-unit Carmichael property offers compelling fundamentals driven by exceptional neighborhood occupancy of 98.2% and strong renter concentration at 68.1% of housing units. The 1987 construction year presents value-add potential through strategic improvements while benefiting from a location that ranks in the top quartile nationally for occupancy stability. Demographic projections show household growth accelerating to 38.1% through 2028, expanding the tenant base, while recent rent growth of 37.1% over five years demonstrates pricing power in this Sacramento submarket.
According to multifamily property research from WDSuite, the neighborhood's A- rating and solid metro ranking position this asset within a fundamentally sound rental market. Home values averaging over $500,000 with significant appreciation reinforce rental demand as elevated ownership costs sustain multifamily occupancy. However, investors should monitor recent property crime increases and consider capital planning for the 37-year-old building stock.
- Exceptional 98.2% neighborhood occupancy rates provide income stability
- Strong 68.1% renter concentration supports sustained demand
- Projected 38.1% household growth through 2028 expands tenant pool
- 1987 vintage offers value-add renovation potential
- Monitor property crime trends and plan for building age-related capital needs