| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 37th | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 280 Oak Ave, Galt, CA, 95632, US |
| Region / Metro | Galt |
| Year of Construction | 1985 |
| Units | 50 |
| Transaction Date | 2016-09-16 |
| Transaction Price | $1,377,000 |
| Buyer | CAPITAL L PROPERTIES LLC |
| Seller | EMERY PARK LP |
280 Oak Ave Galt Multifamily Investment
This 50-unit property benefits from strong neighborhood occupancy rates at 95.2% and growing rental demand in Sacramento's expanding suburban market, according to CRE market data from WDSuite.
Located in Galt's inner suburb setting, this neighborhood ranks in the top quartile nationally for amenity access with grocery stores, restaurants, and essential services within close proximity. The area maintains a 95.2% occupancy rate, reflecting stable rental demand in the Sacramento-Roseville-Folsom metro. With 41.1% of housing units renter-occupied, the neighborhood demonstrates solid multifamily fundamentals for investor consideration.
Built in 1985, the property aligns with the neighborhood's average construction year of 1960, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older area buildings. Demographic data within a 3-mile radius shows a population of approximately 26,700 with projected growth to 28,900 by 2028, supporting an expanding tenant base. Median household income of $98,700 with forecast growth to $118,700 indicates improving renter quality over the investment horizon.
The neighborhood's median contract rent of $1,360 has grown 26.5% over five years, while home values averaging $331,800 create ownership barriers that reinforce rental demand. Schools average 3.0 out of 5 rating, placing the area above the metro median for educational quality. Restaurant density ranks in the 92nd percentile nationally, enhancing tenant appeal and retention prospects.
Crime metrics show mixed trends requiring investor attention. Property crime rates rank 445th among 561 metro neighborhoods, indicating elevated levels compared to regional averages. However, the area has experienced significant improvement with property crime declining 60.4% year-over-year, ranking in the 92nd percentile nationally for crime reduction.
Violent crime rates similarly rank 404th of 561 neighborhoods but show positive momentum with a 47.9% year-over-year decrease. While current crime levels remain above metro averages, the substantial improvement trends suggest strengthening neighborhood conditions that may support tenant retention and property values over time.
The Sacramento region provides diverse corporate employment within reasonable commuting distance, supporting workforce housing demand for multifamily properties.
- DISH Network Distribution Center — logistics and distribution (19.2 miles)
- International Paper — manufacturing and industrial (24.7 miles)
- Cardinal Health — healthcare services (24.7 miles)
- Intel Folsom FM5 — technology manufacturing (27.6 miles)
- Clorox — consumer products (28.4 miles)
This 50-unit property offers exposure to Sacramento's expanding suburban rental market with neighborhood occupancy rates at 95.2% and demographic projections showing population growth from 26,700 to 28,900 residents by 2028. The 1985 construction year positions the asset as newer than average neighborhood stock, potentially reducing near-term capital expenditure needs. Rising household incomes and elevated home ownership costs support sustained rental demand, while recent crime reduction trends indicate improving neighborhood fundamentals.
Commercial real estate analysis from WDSuite confirms the area's rental market stability with rent growth of 26.5% over five years and strong amenity access ranking in the 71st percentile nationally. The property's 651-square-foot average unit size aligns with regional workforce housing demand patterns, supporting consistent lease-up potential.
- Stable 95.2% neighborhood occupancy rates with growing population base
- 1985 construction reduces immediate capital expenditure requirements
- Rising household incomes support rent growth potential
- Strong amenity access enhances tenant retention prospects
- Risk: Above-average crime levels require ongoing monitoring despite improvement trends