| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 46th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5324 Marconi Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1989 |
| Units | 84 |
| Transaction Date | 2001-07-10 |
| Transaction Price | $122,000 |
| Buyer | K C INVESTMENTS PRIVATE FUND III LP |
| Seller | BLEAU RUTH M |
5324 Marconi Ave Carmichael CA Multifamily Investment
Neighborhood occupancy remains firm and renter concentration is high, supporting steady leasing fundamentals for this area, according to WDSuite’s CRE market data. In a high-cost ownership market, this positioning can aid retention and pricing discipline within a broader commercial real estate analysis framework.
Situated in Carmichael within the Sacramento-Roseville-Folsom metro, the neighborhood posts competitive occupancy conditions versus peers (ranked 119 out of 561 metro neighborhoods and in the 90th percentile nationally). For investors, that translates to demand support and potential stability through cycles rather than outsized lease-up risk.
Local amenity access is a strength at the neighborhood scale: cafes and childcare options score in the mid-90s national percentiles, and grocery and restaurants are also above average nationally. Within the metro, overall amenity rank is 55 out of 561, positioning the area as competitive among Sacramento neighborhoods for day-to-day convenience, which can bolster renter appeal and renewal prospects.
The housing context favors multifamily demand: neighborhood renter-occupied housing share is elevated, indicating a deep tenant base, while median contract rents benchmark above national medians (67th percentile). Home values sit in the 84th percentile nationally and value-to-income is in the 98th percentile, a high-cost ownership environment that can sustain reliance on rentals and support pricing power with prudent lease management.
Demographic statistics aggregated within a 3-mile radius show population and households have grown over the past five years, with households projected to continue increasing. This trend points to a larger tenant base over time, supporting occupancy stability. Average household size has edged down slightly, which can incrementally raise rental unit demand as more households form with fewer people per unit.
Vintage considerations: the property’s 1989 construction is newer than the neighborhood’s average vintage (1966). That positioning typically competes well against older stock, though investors should still underwrite modernization of systems and potential value-add interior or common-area updates to meet current renter expectations.
Safety indicators for the neighborhood are around the metro midpoint (crime rank 283 out of 561), aligning near national mid-range benchmarks for both property and violent offenses. Notably, recent year-over-year data indicate a meaningful improvement in violent offense levels (strong improvement relative to national peers), which suggests a constructive trend to monitor rather than a concluded trajectory.
For underwriting, this context supports standard risk assumptions rather than premium safety discounts. Investors may wish to track ongoing trend data and engage with local management practices that emphasize lighting, access control, and community presence to reinforce retention and resident satisfaction.
Nearby employment nodes include distribution, healthcare services, semiconductor operations, and paper/packaging, providing a diverse commuter base that can support renter demand and reduce volatility tied to any single sector.
- DISH Network Distribution Center — distribution (6.4 miles)
- Cardinal Health — medical distribution (6.8 miles)
- Intel Folsom FM5 — semiconductor operations (9.7 miles)
- International Paper — packaging & paper (11.3 miles)
- Xerox State Healthcare — healthcare IT services (11.9 miles)
5324 Marconi Ave is an 84-unit, 1989-vintage asset positioned in a neighborhood with competitive occupancy performance versus the Sacramento metro and a deep renter base. The local ownership market is high cost relative to incomes, which reinforces sustained rental reliance and supports steady absorption. Based on CRE market data from WDSuite, neighborhood occupancy trends sit well above national averages, while amenity access and daily conveniences bolster renewal potential.
Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger tenant base and support for occupancy stability over the long term. The 1989 vintage should compete well against older stock, though prudent capital planning for system updates and targeted value-add improvements can sharpen positioning and returns.
- Competitive neighborhood occupancy and high renter concentration support leasing stability
- High-cost ownership market underpins rental demand and pricing discipline
- 1989 vintage offers relative competitiveness with potential value-add upside
- 3-mile population and household growth expand the tenant base over time
- Risks: affordability pressure may affect retention; limited parks locally; safety remains near metro midpoint despite recent improvement