| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 67th | Good |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9231 Elk Grove Florin Rd, Elk Grove, CA, 95624, US |
| Region / Metro | Elk Grove |
| Year of Construction | 1989 |
| Units | 100 |
| Transaction Date | 2017-01-31 |
| Transaction Price | $12,000,000 |
| Buyer | DENMARK INVESTMENTS LLC |
| Seller | VCEG PARTNERS LP |
9231 Elk Grove Florin Rd, Elk Grove CA Multifamily Thesis
Steady neighborhood occupancy and an owner-leaning housing base point to durable renter demand, according to WDSuite s CRE market data. The area s high-cost ownership market supports lease retention for well-maintained, competitively positioned assets.
Situated in an inner-suburban pocket of Elk Grove, the property benefits from neighborhood fundamentals that rank above the metro median and top quartile nationally on several amenities. Parks and everyday retail access test strong (parks, groceries, and pharmacies all benchmark in high national percentiles), which supports daily convenience and helps with resident retention.
Schools in the neighborhood score well relative to peers (average rating near the top quartile nationally), a feature that typically broadens the potential tenant base for larger floorplans. Restaurant density trends above the national median, while cafes are thinner locally; operators may wish to emphasize on-site community space and Wi‑Fi to offset lighter third‑place options.
Multifamily occupancy in the neighborhood is strong and sits in the upper tier nationally, a positive signal for income stability and lease-up risk. Renter concentration is below half of housing units, indicating a predominantly owner-occupied area; for investors, that usually means stable demand with less volatility, though the absolute renter pool is smaller and marketing may need more targeted outreach.
Within a 3-mile radius, demographics indicate a larger tenant base over time: population and households have grown in recent years, and households are projected to expand further by 2028, supporting a larger renter pool and sustained occupancy. Household incomes are high for the region, while elevated home values locally reinforce reliance on multifamily housing rather than ownership, which can aid pricing power and reduce turnover risk.
Safety benchmarks compare favorably to national patterns. Overall, the neighborhood reads in the upper quartile nationwide for safety, and property offense rates track in a stronger (safer) range than most U.S. neighborhoods. Recent data also show a notable year-over-year decline in estimated violent offenses, signaling an improving trajectory.
As always, investors should evaluate submarket and corridor-level conditions during diligence, but current trends suggest safety that is competitive among Sacramento-Roseville-Folsom neighborhoods and supportive of resident retention.
Proximity to logistics, healthcare, manufacturing, and technology employers supports workforce housing demand and commute convenience for renters. Nearby employment nodes include distribution, medical supply, paper/packaging, public-sector healthcare administration, and semiconductor offices.
- DISH Network Distribution Center logistics/distribution (7.5 miles)
- Cardinal Health healthcare supply & services (13.0 miles)
- International Paper paper & packaging (13.6 miles)
- Xerox State Healthcare public-sector healthcare services (15.4 miles)
- Intel Folsom FM5 semiconductor offices (18.9 miles)
This 100-unit, 1989-vintage community is newer than the neighborhood s average housing stock, offering relative competitiveness versus older assets while leaving room for targeted system updates or common-area refreshes. Strong neighborhood occupancy and an owner-leaning tenure mix point to stable rental demand, and elevated home values in Elk Grove help sustain renter reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood safety benchmarks sit in favorable national percentiles, and local schools score well, both supportive of retention.
Within a 3-mile radius, recent household growth and projected gains through 2028 imply a larger tenant base and support for occupancy stability. Incomes are relatively high for the region while rent-to-income ratios remain manageable, suggesting room for disciplined rent optimization; however, lighter cafe density and a smaller renter share than urban cores mean operators may need focused marketing and amenity programming to capture demand.
- 1989 vintage offers competitive positioning versus older stock with potential value-add via targeted upgrades
- Strong neighborhood occupancy and favorable safety and school benchmarks support retention and income stability
- High-cost ownership market in Elk Grove reinforces multifamily demand and pricing power
- 3-mile household growth and projections indicate a growing renter pool and support for lease-up
- Risks: thinner cafe density and a smaller renter share than urban cores may require targeted marketing and amenity activation