| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 51st | Fair |
| Amenities | 52nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7920 Fair Oaks Blvd, Carmichael, CA, 95608, US |
| Region / Metro | Carmichael |
| Year of Construction | 1990 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7920 Fair Oaks Blvd Carmichael Multifamily Investment
Neighborhood renter concentration and elevated ownership costs point to a durable tenant base, according to WDSuite’s CRE market data. Expect steady demand driven by Inner Suburb fundamentals and proximity to major employment nodes.
Carmichael’s Inner Suburb setting offers daily convenience: restaurants and cafés rank strong by national comparison, with food-and-beverage density competitive versus many areas. Grocery access is adequate, though the immediate area shows fewer dedicated parks and pharmacies, so amenity breadth is mixed.
Within the Sacramento-Roseville-Folsom metro, this neighborhood holds an overall rank of 230 out of 561, placing it above the metro median. Neighborhood-level NOI per unit trends land in the top quartile nationally, suggesting income performance locally has been comparatively resilient over recent cycles, based on CRE market data from WDSuite.
Occupancy for the neighborhood is near the national middle and has softened versus five years ago. However, the share of housing units that are renter-occupied is elevated (above most areas nationally), indicating a deeper tenant pool that can support leasing velocity and retention. Median rents sit above many U.S. neighborhoods while rent-to-income levels are around the national middle, a combination that can help balance pricing power with lease management.
Home values are high for the area by national standards, which typically sustains reliance on multifamily housing and supports renter demand. Average school ratings in the neighborhood are lower than national norms; investors should consider that some family renters may weigh alternative schooling options.
Demographic statistics are aggregated within a 3-mile radius. The local population and household counts have grown in recent years, with forecasts pointing to continued population growth and a larger household base by 2028. This expansion, together with income gains across the radius, implies a gradually expanding renter pool that can support occupancy stability over time.
Safety indicators for the neighborhood are mixed relative to the metro and nation. The area’s crime rank is 412 out of 561 metro neighborhoods, which is below the metro average. Nationally, safety sits below the median, though recent data show estimated property offenses declining year over year, signaling some improvement in trend.
Investors should frame risk in comparative terms: violent and property offense measures trail safer peer neighborhoods nationwide, while the downward movement in property offenses provides a constructive directional signal. Property-level security, lighting, and resident engagement can help mitigate exposure relative to local baselines.
The employment base nearby blends distribution, technology, healthcare, and paper products, supporting workforce housing demand and commute convenience for residents of Carmichael. The following employers within driving distance help anchor renter demand in the submarket:
- DISH Network Distribution Center — distribution (8.1 miles)
- Intel Folsom FM5 — technology offices (8.2 miles)
- Cardinal Health — healthcare services/logistics (8.3 miles)
- International Paper — paper & packaging offices (12.9 miles)
- Xerox State Healthcare — healthcare administration (13.4 miles)
Built in 1990, the property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older local stock while still warranting selective modernization for systems and finishes. Neighborhood occupancy sits around the national middle with some recent softening, yet renter-occupied share is high and home values are elevated, which typically sustains multifamily demand and supports lease retention.
Population and households within a 3-mile radius have grown and are expected to continue expanding, pointing to a larger tenant base over the next several years. According to CRE market data from WDSuite, neighborhood NOI per unit performance trends in the top quartile nationally, and the local rent-to-income profile is near the national middle—conditions that can underpin cash flow consistency when paired with prudent expense control and value-add execution.
- Newer 1990 vintage versus older area stock, with potential to enhance competitiveness through targeted renovations
- High renter-occupied share and elevated ownership costs support demand depth and retention
- Growing 3-mile population and household base expands the renter pool and supports occupancy
- Neighborhood NOI per unit trends rank strong nationally, reinforcing income potential
- Risks: safety metrics below national median and recent occupancy softening warrant active asset and lease management