| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 34th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6004 Rutland Dr, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1977 |
| Units | 36 |
| Transaction Date | 2018-12-01 |
| Transaction Price | $5,000,000 |
| Buyer | Casey Davis |
| Seller | Michael Force |
6004 Rutland Dr Carmichael Multifamily Investment
Neighborhood occupancy trends point to steady income performance, according to WDSuite’s CRE market data, with renter demand supported by established suburban fundamentals.
Carmichael’s inner-suburban setting offers daily convenience that supports tenant retention. Cafes and groceries are dense for the metro, landing in the top quartile nationally for both categories, while parks and pharmacies are limited nearby—operators may see amenities and on-site services as differentiators.
The neighborhood posts above-median occupancy among 561 Sacramento neighborhoods and sits in the top quartile nationally, indicating stable leasing conditions versus broader U.S. trends. Renter-occupied housing accounts for a meaningful share of local units, suggesting a dependable tenant base without being overly concentrated in rentals.
Within a 3-mile radius, population and household counts have risen and are projected to continue growing over the next five years, expanding the prospective renter pool. Income levels have strengthened across the radius, which can support pricing discipline while keeping an eye on rent-to-income to manage retention. Elevated home values in the area add context for multifamily demand by reinforcing reliance on rental housing for many households.
Construction across the neighborhood skews newer than the subject, with the average build year around the early 1990s. For a 1977 asset, that typically points to value-add potential and targeted capital planning to compete effectively with newer stock—modernizing interiors, addressing building systems, and refining curb appeal where returns pencil.
Safety metrics compare favorably to national norms, and the area is above the metro median for safety among 561 Sacramento neighborhoods. Recent data also indicates meaningful year-over-year declines in both violent and property offenses, supporting a more stable operating backdrop for resident retention and leasing.
Proximity to regional employers supports a steady workforce renter base and commute convenience, notably in technology, healthcare, logistics, and manufacturing, which align with typical tenant profiles for this submarket: Intel, Cardinal Health, DISH Network, International Paper, and Xerox State Healthcare.
- Intel Folsom FM5 — technology R&D/operations (8.7 miles)
- Cardinal Health — healthcare distribution (8.8 miles)
- DISH Network Distribution Center — logistics/fulfillment (9.8 miles)
- International Paper — packaging/manufacturing offices (13.4 miles)
- Xerox State Healthcare — healthcare IT/services (13.7 miles)
Built in 1977 with 36 units averaging roughly 827 square feet, the property presents a classic value-add profile in an inner-suburban location where neighborhood occupancy trends run above metro medians. According to CRE market data from WDSuite, the surrounding neighborhood’s leasing performance sits in the top tier nationally, and elevated area home values help sustain reliance on multifamily housing, supporting pricing power when renovations enhance the offering.
Within a 3-mile radius, population and household growth—alongside rising incomes—point to a larger tenant base over the next five years, aiding occupancy stability. Against newer average neighborhood stock from the early 1990s, a 1977 vintage typically benefits from targeted renovations and system upgrades to maintain competitive positioning while managing capex carefully.
- High neighborhood occupancy and solid renter concentration support stable cash flow
- 1977 vintage offers value-add upside through interior and systems modernization
- 3-mile population and household growth expand the renter pool and aid leasing
- Elevated area home values reinforce multifamily demand and retention potential
- Risks: older systems/capex needs and limited nearby parks/pharmacies may require amenity strategy