| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 46th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5700 Marconi Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1972 |
| Units | 50 |
| Transaction Date | 2007-02-09 |
| Transaction Price | $2,750,000 |
| Buyer | BROWAR MATTHEW S |
| Seller | FATOOH GREGORY B |
5700 Marconi Ave, Carmichael CA — Multifamily Investment Thesis
Neighborhood occupancy runs high and stable, according to WDSuite’s CRE market data, suggesting resilient leasing fundamentals for a 50-unit asset at this address. Strength in renter demand rather than outsized concessions is the key investor takeaway.
Positioned in Carmichael within the Sacramento-Roseville-Folsom metro, the neighborhood ranks 127 out of 561 and is competitive among Sacramento-Roseville-Folsom neighborhoods (A- rating). Occupancy in the neighborhood is elevated and sits in the top decile nationally, supporting steady renewal potential and fewer income interruptions for investors. Renter-occupied housing concentration is high for the neighborhood, indicating a deep tenant base and durable demand for multifamily.
Amenity access is a relative strength: cafes, groceries, pharmacies, and restaurants index well above national averages, which can support resident satisfaction and retention. Park access is limited within the neighborhood, so on-site common areas and proximity to broader regional recreation may matter more in leasing strategy.
Within a 3-mile radius, population and household counts have grown in recent years, with forecasts pointing to additional household growth and higher incomes by 2028. This expansion, combined with stable household sizes, implies a larger tenant base and supports occupancy stability across typical leasing cycles. Elevated home values in the neighborhood compared with incomes create a high-cost ownership market, which tends to reinforce reliance on rental housing and can bolster pricing power when paired with prudent lease management and commercial real estate analysis.
Vintage context: the property was built in 1972, somewhat newer than the neighborhood’s average construction year (1966). That positioning can help competitive standing versus older stock, though targeted modernization and system updates may still be warranted to meet current renter expectations and manage long-term capital planning.
Safety indicators are mixed but generally in line with broad metro patterns. Compared with neighborhoods nationwide, overall crime sits around the middle of the pack, while recent violent offense trends have improved meaningfully on a year-over-year basis. These directional shifts suggest monitoring conditions rather than assuming persistent risk or outsized exposure.
Interpreting neighborhood context: results place the area roughly around the metro median among 561 Sacramento-Roseville-Folsom neighborhoods, with national comparisons indicating neither an outlier risk profile nor a top-tier safe cluster. Investors should underwrite routine security measures and emphasize property-level lighting, access control, and resident engagement to sustain retention.
Nearby employers span distribution, healthcare, semiconductors, packaging, and healthcare IT — a diverse base that can underpin leasing, reduce commute frictions, and support workforce housing demand. The list below reflects notable drivers within a typical renter commute shed from the property.
- DISH Network Distribution Center — logistics and telecom distribution (6.6 miles)
- Cardinal Health — healthcare distribution (7.2 miles)
- Intel Folsom FM5 — semiconductors (9.1 miles)
- International Paper — packaging and paper products (11.8 miles)
- Xerox State Healthcare — healthcare IT/services (12.4 miles)
The investment case centers on demand depth, occupancy stability, and positioning relative to both ownership costs and neighborhood stock. Neighborhood occupancy is strong and ranks competitively within the Sacramento-Roseville-Folsom metro while benchmarking in the higher tiers nationally; paired with a sizable renter-occupied share, this supports a stable tenant base and renewal capture. Elevated home values versus incomes in the neighborhood favor continued renter reliance, while 3-mile demographic trends point to ongoing population and household growth that can sustain leasing velocity. Based on CRE market data from WDSuite, these dynamics align with steady fundamentals rather than short-lived spikes.
The 1972 vintage is somewhat newer than the local average, offering a relative edge versus older buildings, yet investors should plan for targeted upgrades and system refreshes to meet today’s standards and to enhance rentability. Underwriting should also consider resident affordability pressure and park access limitations, with asset-specific amenities and expense control playing a larger role in retention and NOI durability over the hold period.
- High neighborhood occupancy and strong renter concentration support renewal stability
- Amenity-rich corridor (food, grocery, pharmacy) enhances resident convenience and retention
- Ownership remains high-cost locally, reinforcing multifamily demand and pricing power potential
- 1972 vintage offers competitive positioning versus older stock with room for targeted upgrades
- Risks: resident affordability pressure, limited park access, and the need to monitor local crime trends