| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 46th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5413 Marconi Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1985 |
| Units | 26 |
| Transaction Date | 2000-07-27 |
| Transaction Price | $1,275,000 |
| Buyer | JARRED NICOLE |
| Seller | CHARISMA APARTMENTS LLC |
5413 Marconi Ave, Carmichael Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite s CRE market data, signaling stable leasing fundamentals for a 26-unit asset in Carmichael. With a high renter concentration and solid amenity access, the submarket supports steady income performance.
Located in Carmichael within the Sacramento-Roseville-Folsom metro, the neighborhood ranks 127 out of 561, placing it competitive among Sacramento-Roseville-Folsom neighborhoods on overall livability. Amenity access is a relative strength: cafe, restaurant, grocery, and pharmacy density trends above national averages, supporting everyday convenience and walkable demand drivers for multifamily.
The neighborhood s occupancy rate is in the top quartile among 561 metro neighborhoods, indicating resilient renter demand and potential lease-up efficiency compared with metro peers (based on CRE market data from WDSuite). Renter-occupied housing accounts for a high share at the neighborhood level, which broadens the tenant base and can support absorption and renewal activity for small to mid-size multifamily assets.
Within a 3-mile radius, population and households have grown over the past five years and are projected to keep rising, expanding the prospective renter pool and supporting occupancy stability. Median contract rents in the area have advanced over the last cycle, while home values sit on the higher side for the region, which tends to reinforce reliance on rental housing and can aid pricing power for well-positioned units.
The property s 1985 vintage is newer than the neighborhood s average construction year (1966). For investors, that typically means a more competitive baseline versus older stock, while still planning for system updates or modernization to meet current renter expectations and capture value-add upside.
Safety indicators for the neighborhood sit around the middle of the pack locally and slightly above average nationally. Crime ranks near the metro median (283 out of 561 neighborhoods), and the area is roughly in the low-50s nationally by safety percentile indicating a modest edge versus the national midpoint.
Recent trends are mixed: violent incident estimates have improved year over year (stronger improvement percentile), while property incidents show a recent uptick. For investors, this suggests monitoring property-level security measures and staying attentive to neighborhood trendlines rather than relying on any single-year movement.
Proximity to distribution, healthcare, and technology employers supports a diverse commuter base and can underpin leasing durability for workforce and professional renters. Nearby anchors include DISH Network, Cardinal Health, Intel, International Paper, and Xerox State Healthcare.
- DISH Network Distribution Center logistics/distribution (6.6 miles)
- Cardinal Health healthcare distribution (6.9 miles)
- Intel Folsom FM5 technology/semiconductors (9.5 miles)
- International Paper packaging & paper (11.4 miles)
- Xerox State Healthcare healthcare services (12.1 miles)
5413 Marconi Ave is a 26-unit, 1985-vintage asset positioned in a renter-heavy Carmichael neighborhood where occupancy performance is strong versus the metro. According to CRE market data from WDSuite, neighborhood occupancy ranks in the top quartile locally, and amenity density outperforms national averages both supportive of tenant retention and steady collections. Given its newer-than-neighborhood-average vintage, the property can compete well against older stock while offering targeted value-add potential through interior and system updates.
Within a 3-mile radius, population and household counts have increased over the past five years and are projected to continue growing, expanding the tenant base and supporting leasing stability. Elevated ownership costs in the area tend to sustain rental demand, though a relatively high rent-to-income burden signals the need for disciplined lease management and attention to affordability pressure.
- Occupancy in the top quartile locally supports stable lease-up and renewal prospects.
- 1985 construction offers competitive positioning versus older stock with clear modernization upside.
- 3-mile population and household growth expands the renter pool, aiding demand durability.
- High ownership costs reinforce reliance on rental housing, supporting pricing power for well-finished units.
- Risk: affordability pressure and mixed safety trends call for prudent underwriting and active asset management.