| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 80th | Best |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 99 Cable Cir, Folsom, CA, 95630, US |
| Region / Metro | Folsom |
| Year of Construction | 1989 |
| Units | 90 |
| Transaction Date | 2008-12-23 |
| Transaction Price | $9,100,000 |
| Buyer | MP Quail Chase LLC |
| Seller | BRE Properties Inc |
99 Cable Cir Folsom 90-Unit Multifamily Investment
Located in an A+ inner-suburb of the Sacramento metro, the neighborhood shows solid occupancy and strong household incomes that support durable renter demand, according to WDSuite’s CRE market data. The setting favors retention and steady leasing, with upside from thoughtful upgrades at this late-1980s asset.
The property sits in a high-performing Folsom neighborhood where amenity access is a differentiator for renters. Dining density ranks competitive among Sacramento neighborhoods (18th of 561) and is top decile nationally, with groceries, parks, childcare, and pharmacies also testing in the top quintile. These lifestyle features help sustain leasing momentum and reduce turnover risk.
Neighborhood-level occupancy is 93.7% (above the national median) and the area s NOI per unit performance tracks in the 99th percentile nationwide, per WDSuite. While occupancy has eased versus five years ago, the broader fundamentals remain constructive for stabilized operations rather than lease-up volatility.
Within a 3-mile radius, demographics point to a well-capitalized renter base: population and households have grown in recent years and are projected to continue expanding, indicating a larger tenant pool over time. Median household incomes are high for the region, and the neighborhood s rent-to-income ratio of 0.17 suggests manageable affordability pressure that can support pricing discipline and renewals.
Tenure patterns are supportive of multifamily demand: about 44% of neighborhood housing units are renter-occupied, while the 3-mile area skews more owner-occupied. For investors, this mix indicates depth for workforce and professional renter segments near key employers, with limited direct competition from new rental stock in the immediate area.
Construction vintage averages early 1990s locally; this 1989 build is slightly older than the neighborhood norm. That creates straightforward value-add and capital planning opportunities (exteriors, unit interiors, and systems modernization) to sharpen competitive positioning against newer comparables.
Safety indicators are mixed in a way consistent with many suburban employment nodes. According to WDSuite, violent-offense risk is comparatively lower than the national average (around the 63rd percentile for safety), while property-offense metrics sit below the national median for safety. Notably, property incidents have declined materially year over year, signaling improvement in recent trends rather than deterioration.
For investors, the takeaway is to underwrite normal suburban security measures and asset-level controls, while recognizing that recent momentum shows progress on property-related incidents. Always consider property-specific history and professional assessments to refine assumptions.
Proximity to major employers anchors renter demand, with a strong base in technology, logistics, healthcare distribution, and government services. The following nearby employers support commute convenience and leasing stability for professional households.
- Intel Folsom FM5 technology campus (1.35 miles)
- DISH Network Distribution Center logistics & distribution (15.31 miles)
- Cardinal Health healthcare distribution (17.10 miles)
- International Paper manufacturing & packaging offices (21.63 miles)
- Xerox State Healthcare government services & healthcare IT (22.24 miles)
99 Cable Cir offers scale at 90 units in a top-rated Folsom submarket where amenity access and employer proximity underpin steady renter demand. Neighborhood occupancy sits in the low-to-mid 90s and NOI per unit performance ranks in the 99th percentile nationally, indicating resilient income characteristics relative to peers. Built in 1989, the asset is slightly older than the neighborhood average creating practical value-add and capital planning angles to enhance rents and retention versus newer stock.
Household incomes in the 3-mile area are strong and growing, with population and household counts projected to expand further a tailwind for the tenant base and occupancy stability. Elevated ownership costs locally reinforce reliance on multifamily housing, while a rent-to-income profile around 0.17 supports disciplined pricing without overextending residents, according to CRE market data from WDSuite. Key risks include underwriting for standard capital improvements, monitoring the recent softening in neighborhood occupancy versus five years ago, and accounting for property-crime mitigation.
- Scale and location: 90 units in a top-performing Folsom neighborhood with strong amenities and employer access
- Durable fundamentals: neighborhood occupancy in the 90%+ range and top-percentile NOI per unit performance
- Value-add path: 1989 vintage supports targeted renovations and systems upgrades to sharpen competitiveness
- Affordability supports retention: high local incomes and a rent-to-income ratio near 0.17 enable pricing discipline
- Risks to underwrite: recent occupancy softening, property-crime controls, and ongoing capex needs for an older asset