| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 69th | Good |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5920 Van Alstine Ave, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2017-10-24 |
| Transaction Price | $4,300,000 |
| Buyer | BRUSH CASEY A |
| Seller | CECCON LINDA D |
5920 Van Alstine Ave Carmichael Multifamily Investment
Neighborhood occupancy is persistently high, supporting leasing stability for a 1985-vintage, 36-unit asset — according to WDSuite’s CRE market data, this strength reflects the broader Carmichael rental market rather than this specific property.
Situated in Carmichael’s Inner Suburb setting (neighborhood rating: B+), the area shows durable renter demand drivers and serviceable amenities. Neighborhood occupancy ranks 72 out of 561 metro neighborhoods — top quartile locally — and sits in a high national percentile, indicating steady absorption and limited downtime between turns (per WDSuite’s CRE market data for the neighborhood, not the property). The property’s 1985 construction is newer than the neighborhood’s average 1967 vintage, suggesting a competitive edge versus older stock while still warranting attention to aging systems and targeted modernization.
Daily needs are adequately served: restaurant density is competitive (top quartile among 561 Sacramento neighborhoods), with grocery access above the metro median. Parks score in a high national percentile, offering livability appeal, while café, childcare, and pharmacy counts are comparatively thin — a mixed amenity profile investors should factor into resident experience and marketing strategy.
Schools in the neighborhood average 4.0 out of 5 and land in a high national percentile, a potential retention support for family renters. Housing indicators are above the metro median, and neighborhood NOI per unit performance ranks in the top quartile among 561 metro neighborhoods, signaling historically solid operations among nearby assets.
Within a 3-mile radius, population has expanded in recent years and is projected to continue growing, with households expected to increase and average household size to modestly decline — dynamics that typically expand the renter pool and support occupancy stability. Median contract rents have risen and are projected to trend higher by 2028, while the neighborhood’s rent-to-income ratio sits at a relatively conservative level, indicating manageable affordability pressure that can aid lease retention. Elevated home values and a high value-to-income ratio characterize a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and sustain demand depth.
Safety indicators are mixed and should be underwritten with local nuance. The neighborhood’s overall crime position trends below the metro median when compared against 561 Sacramento neighborhoods, and sits below the national median on safety. Recent data show a notable year-over-year decrease in property offenses, while violent offense rates are lower percentile nationally but have ticked up modestly — a reminder to calibrate security measures and operating budgets appropriately.
Proximity to distribution, healthcare, technology, and manufacturing employers supports a broad renter base and commute convenience that can aid leasing stability.
- DISH Network Distribution Center — distribution (6.3 miles)
- Cardinal Health — healthcare distribution (7.4 miles)
- Intel Folsom FM5 — technology/offices (9.1 miles)
- International Paper — paper & packaging (11.8 miles)
- Xerox State Healthcare — healthcare services (12.6 miles)
5920 Van Alstine Ave presents a pragmatic workforce housing thesis in a neighborhood with top-quartile occupancy and strong national standing for operational stability, according to CRE market data from WDSuite. The 1985 vintage is newer than the local average, supporting competitive positioning versus older comparables while leaving room for targeted value-add and system upgrades. Elevated ownership costs locally tend to sustain renter reliance on multifamily, while a relatively conservative rent-to-income profile supports retention and collections management.
Within a 3-mile radius, population and households are growing with projections for further household expansion and slightly smaller household sizes — conditions that typically expand the renter base and support occupancy stability. Neighborhood-level NOI performance and housing indicators compare favorably within the metro, though amenity gaps (café/childcare/pharmacy) and mixed safety metrics warrant prudent underwriting and asset management plans.
- Top-quartile neighborhood occupancy and favorable national standing support stable leasing
- 1985 vintage is newer than area average, with value-add and modernization potential
- High-cost ownership market reinforces multifamily demand; rent-to-income is manageable for retention
- 3-mile radius shows growing households and a broader renter pool to support occupancy
- Risks: localized amenity gaps and mixed safety trends require thoughtful operations and budgeting