| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 46th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5440 Marconi Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1972 |
| Units | 40 |
| Transaction Date | 2015-11-18 |
| Transaction Price | $3,500,000 |
| Buyer | CORUM FAMILY PARTNERSHIP |
| Seller | ST TROPEZ MARCONI LLC |
5440 Marconi Ave, Carmichael CA Multifamily Investment
Neighborhood data points to durable renter demand and high occupancy, according to CRE market data from WDSuite. Strong renter concentration and an Urban Core setting support leasing stability for a 40-unit asset.
The property sits in an Urban Core neighborhood ranked 127 of 561 metro areas, placing it competitive among Sacramento-Roseville-Folsom neighborhoods. Neighborhood occupancy is elevated and in the top quartile nationally, with local stability reinforced by a high share of renter-occupied units — a favorable backdrop for multifamily absorption and renewal rates (based on CRE market data from WDSuite).
Amenity access is a local strength. Cafe density ranks 30 of 561 (top-tier and around the 95th national percentile), restaurants and grocery options sit well above national averages, and pharmacies are also accessible. Park access is limited in the immediate area, which modestly reduces recreational amenity breadth, but the broader retail and daily-needs mix remains supportive for residents.
Construction vintage in the neighborhood averages 1966. With a 1972 build, this asset is newer than the local average, suggesting relative competitiveness versus older stock while still warranting attention to aging systems and targeted modernization to enhance positioning.
Within a 3-mile radius, demographics indicate steady population growth over the last five years and a projected increase through the next cycle, alongside rising household counts. This points to a larger tenant base and continued renter pool expansion, supporting occupancy stability and leasing velocity.
Ownership costs are elevated relative to incomes (value-to-income sits near the 98th national percentile for the neighborhood), and home values are above national norms. This high-cost ownership market tends to sustain renter reliance on multifamily housing, which is supportive of retention and pricing power. At the same time, a neighborhood rent-to-income ratio near 31% suggests some affordability pressure to manage through lease renewals.
Safety indicators for the neighborhood are around the national midpoint overall, with crime rank at 283 among 561 metro neighborhoods and national percentiles near the low-50s. Recent trend data shows a meaningful year-over-year decline in estimated violent offenses (strong improvement, top quintile nationally), while property-related incidents track closer to national averages.
For investors, the takeaway is a market with broadly average safety relative to U.S. neighborhoods and recent positive momentum in violent-offense trends, suitable for standard risk management and tenant communication practices.
Nearby employers span logistics, healthcare distribution, technology, and paper products, supporting a diversified workforce renter base and convenient commutes for residents. Specifically, DISH Network Distribution Center, Cardinal Health, Intel Folsom FM5, International Paper, and Xerox State Healthcare are within a reasonable drive.
- DISH Network Distribution Center — logistics/distribution (6.5 miles)
- Cardinal Health — healthcare distribution (6.9 miles)
- Intel Folsom FM5 — semiconductor offices (9.5 miles)
- International Paper — paper & packaging offices (11.5 miles)
- Xerox State Healthcare — healthcare technology services (12.1 miles)
5440 Marconi Ave offers a 40-unit, 1972-vintage asset in a competitive Carmichael submarket where neighborhood occupancy trends sit in the top quartile nationally and renter concentration is high. The asset’s vintage is newer than the neighborhood average construction year, suggesting relative competitiveness versus older stock and potential to unlock value through targeted systems updates and interior modernization to sustain rent positioning.
Demand fundamentals are supported by a 3-mile radius showing recent population growth, an increasing household base, and above-average home values that characterize a high-cost ownership market — factors that can reinforce reliance on rental housing and support lease retention. According to commercial real estate analysis from WDSuite, rent-to-income at the neighborhood level near 31% warrants measured rent management to balance pricing power with retention.
- High neighborhood occupancy and strong renter concentration support stable absorption and renewals
- 1972 vintage is newer than local average, with value-add potential via targeted modernization
- 3-mile population and household growth expand the tenant base and support leasing velocity
- Elevated ownership costs in the area reinforce multifamily demand and potential pricing power
- Risk: rent-to-income near 31% suggests affordability pressure to monitor during renewals