| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 51st | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9529 Emerald Park Dr, Elk Grove, CA, 95624, US |
| Region / Metro | Elk Grove |
| Year of Construction | 1977 |
| Units | 50 |
| Transaction Date | 2006-01-01 |
| Transaction Price | $1,309,500 |
| Buyer | HOLDGRAFER GARRY N |
| Seller | HOLDGRAFER GARRY |
9529 Emerald Park Dr, Elk Grove Multifamily Investment
Stabilized renter demand in a predominantly owner-occupied Elk Grove submarket, with neighborhood occupancy holding firm according to WDSuite’s CRE market data, supports steady cash-flow positioning.
Elk Grove’s suburban setting offers family-oriented fundamentals with parks density ranking in the top quartile nationally, while immediate retail such as groceries, cafes, and pharmacies is limited within the neighborhood boundaries. Restaurants are comparatively accessible for the metro, and average school ratings sit modestly above the national median, which helps broaden household appeal for workforce renters.
Neighborhood multifamily occupancy is strong relative to national benchmarks, and median contract rents have risen over the past five years. Within a 3-mile radius, population and household counts have grown meaningfully and are projected to continue expanding, indicating a larger tenant base and supporting leasing stability.
The area shows a lower renter concentration at the neighborhood level, with roughly a quarter of housing units renter-occupied, which can limit direct competitive supply while still providing a steady, needs-based renter pool. Elevated home values and a high-cost ownership landscape in the neighborhood context reinforce reliance on rental housing and can support pricing power for well-maintained assets.
Vintage stock nearby trends older than the subject’s 1977 construction, implying this property can stay competitive with targeted modernization. For investors, this points to selective value-add potential—mechanicals, common areas, and curb appeal—without needing a full reposition to meet renter expectations.
Safety trends are mixed but generally favorable in broader comparisons. The neighborhood scores above the national median for overall safety, and recent data shows a sharp year-over-year improvement in property offense rates—placing the area among the stronger performers nationally on that measure. However, recent shifts in violent offense trends warrant routine monitoring, consistent with prudent asset management practices in suburban Sacramento neighborhoods.
- DISH Network Distribution Center — logistics/distribution (8.6 miles)
- Cardinal Health — medical distribution (14.0 miles)
- International Paper — packaging manufacturing (14.4 miles)
- Xerox State Healthcare — healthcare IT & services (16.3 miles)
- Intel Folsom FM5 — semiconductors (19.8 miles)
This 50-unit, 1977-vintage property sits in a suburban Elk Grove neighborhood with resilient occupancy and a renter base supported by a growing 3-mile household count. Elevated neighborhood home values relative to incomes suggest ownership is high-cost, which can sustain multifamily demand and bolster retention for well-operated assets. According to CRE market data from WDSuite, neighborhood occupancy remains strong versus national norms, and recent rent levels reflect steady renter willingness to pay for quality product.
Owner-occupancy is high locally, which can limit head-to-head rental competition while still tapping a stable workforce tenant pool tied to nearby logistics, healthcare, and tech employers. Given the 1977 vintage, targeted capital planning for systems and finishes can unlock value-add upside and help maintain competitive positioning against older stock in the surrounding area.
- Strong neighborhood occupancy supports steady collections and leasing durability
- Expanding 3-mile population and households point to a larger future renter pool
- High-cost ownership context reinforces rental demand and pricing power
- 1977 vintage offers targeted value-add potential via modernization and capex planning
- Risks: owner-heavy area (smaller renter base) and mixed safety trends require attentive asset management