| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 56th | Fair |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1003 Lake Park Ave, Galt, CA, 95632, US |
| Region / Metro | Galt |
| Year of Construction | 2002 |
| Units | 80 |
| Transaction Date | 2025-03-03 |
| Transaction Price | $7,280,000 |
| Buyer | HUDSON BAY LP |
| Seller | GALT EILLEND LIMITED |
1003 Lake Park Ave Galt Multifamily Investment
Suburban fundamentals indicate steady renter demand supported by high neighborhood occupancy and elevated ownership costs, according to WDSuite’s CRE market data. The 2002 vintage and 80-unit scale position the asset for operational stability with room for targeted upgrades.
This suburban pocket of Galt benefits from family-oriented amenities and open space access. Parks density ranks in the upper tier locally (156 of 561) and tests strong nationally (87th percentile), while childcare access is also favorable (75th percentile). Retail and dining density are limited within the immediate neighborhood, so residents typically rely on nearby corridors for daily needs.
Neighborhood occupancy is solid and places in the upper third nationally (70th percentile), supporting leasing stability for professionally managed assets. At the same time, the neighborhood sits around the metro middle on several housing indicators, suggesting investors should focus on competitive unit finishes and service to sustain absorption.
Within a 3-mile radius, household incomes are high and rising, and the median home value is elevated for the region. In a high-cost ownership market, these dynamics can reinforce reliance on multifamily housing and support pricing power where product quality matches expectations. Unit tenure data indicate a renter-occupied share around one-fifth within 3 miles, implying a defined but selective renter base that rewards well-located, well-managed communities.
Forward-looking demographics (aggregated within a 3-mile radius) point to population growth and a notable increase in households over the next five years, expanding the local tenant base and supporting occupancy. According to CRE market data from WDSuite, educational attainment is above average for the metro, and average school ratings hover around the national midpoint, aligning with steady family demand rather than luxury positioning.
Safety trends are competitive for the Sacramento-Roseville-Folsom metro context. The neighborhood’s crime profile sits slightly safer than average nationwide (57th percentile), and recent estimates indicate year-over-year declines in both property and violent offenses. These directional improvements contribute to resident retention and leasing stability without implying block-level guarantees.
Interpreting local rank within the metro (211 out of 561 neighborhoods), conditions are neither outlier-high nor outlier-low, which is consistent with a suburban community with routine public safety services. Investors should still underwrite standard security measures and lighting as part of operating best practices.
Regional employment anchors in logistics, healthcare, paper products, and technology within roughly 17–30 miles support a commuter tenant base and help stabilize leasing for workforce-oriented multifamily. The list below reflects proximate employers that contribute to demand for Galt-area rentals.
- DISH Network Distribution Center — distribution (17.3 miles)
- Cardinal Health — healthcare distribution (23.0 miles)
- International Paper — paper products (23.3 miles)
- Xerox State Healthcare — health services administration (25.2 miles)
- Intel Folsom FM5 — semiconductor offices (25.3 miles)
1003 Lake Park Ave is an 80-unit, 2002-built community positioned in a suburban Galt location where national top-third neighborhood occupancy and elevated ownership costs support durable renter demand. The vintage suggests contemporary layouts with potential for mid-life system upgrades and selective unit renovations to sharpen competitiveness against metro peers.
Household incomes within 3 miles are strong, the renter pool is expected to expand with forecast population and household growth, and proximity to regional employment nodes in distribution, healthcare, and technology underpins workforce leasing. According to CRE market data from WDSuite, the area’s amenity mix skews toward parks and childcare rather than dense retail, favoring communities that deliver convenience and consistent property operations.
- 2002 vintage with scale enables operational efficiencies and targeted value-add
- National top-third neighborhood occupancy supports leasing stability and retention
- High home values and strong local incomes reinforce multifamily demand and pricing power
- Regional employers within commuting range support a steady workforce tenant base
- Risks: lower immediate retail density and a smaller local renter concentration require competitive finishes and management