| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 48th | Fair |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8515 Elk Grove Florin Rd, Elk Grove, CA, 95624, US |
| Region / Metro | Elk Grove |
| Year of Construction | 2007 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8515 Elk Grove Florin Rd Elk Grove Multifamily Investment
This 96-unit property benefits from neighborhood-level occupancy at 100% and strong rental demand fundamentals. Commercial real estate analysis indicates the area ranks in the top quartile nationally for housing metrics among 561 Sacramento metro neighborhoods.
Built in 2007, this property sits in an inner suburb neighborhood that ranks 98th out of 561 Sacramento metro neighborhoods with an A- rating. The area demonstrates strong housing fundamentals, ranking in the top quartile nationally with an 83rd percentile score for housing metrics. Neighborhood-level occupancy stands at 100%, reflecting sustained rental demand in this established residential area.
The 3-mile demographic radius encompasses over 102,000 residents with a median household income of $98,080, positioning the area favorably for workforce housing. Owner-occupied units represent 71.7% of housing tenure, while 28.3% are renter-occupied, creating a stable rental market foundation. Median contract rents of $1,690 suggest competitive pricing relative to area income levels.
Demographic projections through 2028 indicate household growth of 28.4% and median income increases to $137,112, supporting expanded renter demand. The neighborhood benefits from adequate childcare density (93rd percentile nationally) and restaurant access (83rd percentile), contributing to tenant retention factors. Home values averaging $562,662 with 48.5% five-year appreciation reinforce rental demand as elevated ownership costs sustain multifamily housing reliance.
The neighborhood demonstrates favorable safety metrics compared to regional and national benchmarks. Property crime rates rank 89th out of 561 Sacramento metro neighborhoods, placing it in the 81st percentile nationally. Notably, property crime has declined 47.3% year-over-year, ranking 132nd among metro neighborhoods for crime reduction trends.
Violent crime rates show similar positive positioning at 17.7 incidents per 100,000 residents, with a substantial 50.1% decrease over the past year. These crime reduction trends, combined with above-average safety rankings relative to the metro area, support tenant retention and property stability considerations for investors.
The property benefits from proximity to established corporate employers that support workforce housing demand, with major distribution and office facilities within commuting distance.
- DISH Network Distribution Center — telecommunications distribution (5.7 miles)
- Cardinal Health — healthcare services (11.3 miles)
- International Paper — manufacturing offices (12.3 miles)
- Xerox State Healthcare — business services (14.1 miles)
- Intel Folsom FM5 — technology manufacturing (17.5 miles)
This 96-unit property built in 2007 presents a stabilized investment opportunity supported by exceptional neighborhood-level occupancy at 100% and strong demographic fundamentals. According to CRE market data from WDSuite, the area ranks in the top quartile nationally for housing metrics, with projected household growth of 28.4% through 2028 expanding the potential tenant base. The property's 2007 vintage aligns with the broader neighborhood stock while offering modern amenities without immediate capital expenditure needs.
Rental demand benefits from elevated home ownership costs averaging $562,662, which reinforces tenant retention in the multifamily market. The area's median household income of $98,080 with projections reaching $137,112 by 2028 supports rent growth potential, while the current rent-to-income ratio of 21% indicates manageable affordability levels for residents.
- Exceptional neighborhood occupancy at 100% indicates strong rental demand stability
- Top quartile national ranking for housing fundamentals among 561 metro neighborhoods
- Projected 28.4% household growth through 2028 expands potential tenant base
- 2007 construction year provides modern amenities without immediate capital needs
- Monitor potential ownership competition as home values moderate from current elevated levels