| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 51st | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5701 Manzanita Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1974 |
| Units | 89 |
| Transaction Date | 2015-04-16 |
| Transaction Price | $264,500 |
| Buyer | SAC4 PRESERVATION LIMITED PARTNERSHIP |
| Seller | GROVES AT MANZANITA LP |
5701 Manzanita Ave Carmichael Multifamily Investment
This 89-unit property benefits from strong neighborhood-level occupancy at 94.9% and elevated renter concentration supporting tenant demand stability, according to WDSuite's CRE market data.
The Carmichael neighborhood demonstrates solid fundamentals for multifamily investment, ranking in the top quartile among 561 Sacramento metro neighborhoods with an A- rating. Built in 1974, this property aligns with the neighborhood's average construction year of 1971, indicating consistent building stock without immediate capital expenditure pressures typically associated with significantly older properties.
Renter-occupied units comprise 56.8% of local housing stock, ranking 69th out of 561 metro neighborhoods and placing in the 92nd national percentile for renter concentration. This high share of rental housing supports a deep tenant base and sustained multifamily demand. Neighborhood-level occupancy remains stable at 94.9%, reflecting solid retention dynamics despite a modest decline over the past five years.
Demographics within a 3-mile radius show moderate growth potential, with population projected to increase 5.4% through 2028 and household formation expanding 32.4%. The area maintains median household incomes of $80,520, with projected growth to $110,073 by 2028. Home values averaging $456,656 and elevated value-to-income ratios in the 92nd national percentile limit ownership accessibility, reinforcing reliance on rental housing and supporting lease retention.
Local amenities support tenant appeal, with the neighborhood ranking in the 73rd national percentile for overall amenity access. Grocery stores, restaurants, and parks provide above-average density, while childcare facilities rank in the 84th national percentile. However, cafe availability remains limited, ranking in the bottom tier nationally.
Safety metrics present a mixed picture for the Carmichael neighborhood. Overall crime performance ranks 196th out of 561 Sacramento metro neighborhoods, placing in the 58th national percentile - indicating moderate safety conditions relative to neighborhoods nationwide.
Property crime rates show improvement trends, with estimated incidents declining 27.7% over the past year, ranking in the 71st national percentile for crime reduction. Violent crime has decreased even more substantially at 41.7% annually, placing in the 82nd national percentile for improvement. While current violent crime rates remain near metro median levels, the declining trajectory suggests strengthening neighborhood conditions that may support tenant retention and property values over time.
The employment base draws from major corporate offices within commuting distance, supporting workforce housing demand and tenant stability.
- Cardinal Health — healthcare services (8.9 miles)
- Intel Folsom FM5 — technology manufacturing (9.0 miles)
- DISH Network Distribution Center — telecommunications & logistics (10.1 miles)
- International Paper — manufacturing & packaging (13.4 miles)
- Xerox State Healthcare — healthcare technology services (13.7 miles)
This 89-unit Carmichael property offers stable cash flow fundamentals supported by strong neighborhood-level occupancy at 94.9% and high renter concentration at 56.8% of local housing units. Built in 1974, the property aligns with neighborhood norms, avoiding immediate capital expenditure pressures while providing potential value-add opportunities through selective improvements.
Demographics within a 3-mile radius support long-term demand growth, with household formation projected to expand 32.4% through 2028 and median incomes rising from $80,520 to $110,073. Elevated home values and ownership costs in the 92nd national percentile reinforce rental demand, while diverse employment anchors including Cardinal Health and Intel provide workforce stability within reasonable commuting distance.
- Neighborhood-level occupancy at 94.9% demonstrates tenant retention strength
- High renter concentration (92nd national percentile) supports sustained multifamily demand
- Projected household growth of 32.4% through 2028 expands potential tenant base
- Elevated ownership costs limit competition from homebuying alternatives
- Risk: Mixed safety profile requires ongoing monitoring for tenant appeal