| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 56th | Fair |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 975 Lake Park Ave, Galt, CA, 95632, US |
| Region / Metro | Galt |
| Year of Construction | 2002 |
| Units | 56 |
| Transaction Date | 2000-03-14 |
| Transaction Price | $740,000 |
| Buyer | COMFREY LP |
| Seller | COMFREY HAMMOND LIMITED |
975 Lake Park Ave Galt Multifamily Opportunity
Neighborhood occupancy is solid and homeownership costs are elevated for the area, supporting rental demand according to WDSuite’s CRE market data. Expect steady tenant interest driven by suburban fundamentals and income depth rather than transient traffic.
This suburban pocket of Galt sits within the Sacramento-Roseville-Folsom metro and scores a C+ neighborhood rating, with livability anchored by strong park access and family-oriented services. Park availability ranks in the higher tier nationally (87th percentile), while childcare density is relatively strong for the metro. Retail, grocery, and cafes are limited inside the neighborhood itself, so residents typically draw from nearby corridors for daily needs.
For investors, the neighborhood’s housing dynamics point to stable renter performance. Neighborhood occupancy is measured at 94.9%, placing it around the 70th percentile nationally, a constructive signal for lease stability. Renter-occupied share is lower within the neighborhood (11.7%), indicating a smaller immediate renter concentration; however, elevated home values (89th percentile nationally) and high household incomes (90th percentile nationally) suggest a high-cost ownership market that can sustain multifamily reliance and support pricing power over time.
Demographics aggregated within a 3-mile radius show a modest population dip in the recent period alongside a 4% increase in households, implying smaller household sizes and a potential broadening of the tenant base. Looking ahead, forecasts indicate meaningful growth in both households and overall population by 2028, which should expand the local renter pool and help underpin occupancy and absorption. Average school ratings are near the national midpoint, consistent with a family-serving suburban profile.
Compared with metro peers, local amenities rank below the metro median (rank 355 of 561 neighborhoods), but park access and household income strength counterbalance the thinner retail mix. On balance, investors should underwrite for commute-oriented living and regional amenity draw, with demand fundamentals supported by income depth and neighborhood-level occupancy.
Safety trends are broadly in line with national norms, with the neighborhood positioned slightly above the national midpoint (57th percentile) for overall safety according to WDSuite. Year over year, both violent and property offense estimates have moved lower, an encouraging directional trend that supports renter retention and leasing stability without suggesting block-level conclusions.
Within the Sacramento metro context, safety varies by neighborhood; investors should view this area as competitive rather than exceptional and continue to monitor trend data alongside property-level controls (lighting, access, and management practices) for risk management.
Proximity to regional employment centers supports commute convenience and a diversified renter base, led by distribution, healthcare services, technology, and manufacturing offices noted below.
- DISH Network Distribution Center — distribution (17.3 miles)
- Cardinal Health — healthcare distribution (23.0 miles)
- International Paper — packaging & paper (23.3 miles)
- Xerox State Healthcare — healthcare IT/services (25.2 miles)
- Intel Folsom FM5 — semiconductors (25.4 miles)
Built in 2002, this 56-unit asset offers mid-life systems with potential for targeted modernization and value-add finishes. Neighborhood occupancy sits in a favorable national position, and high ownership costs in the area reinforce renter reliance on multifamily housing. According to CRE market data from WDSuite, incomes and home values are elevated versus national benchmarks, supporting pricing power and lease retention even with a smaller local renter-occupied share.
Demographics within a 3-mile radius show household growth historically and a forecasted increase through 2028, pointing to a larger tenant base and supportive demand for units. While nearby retail is limited within the neighborhood, strong park access and access to regional employment corridors provide livability and commute advantages that help sustain leasing velocity.
- 2002 vintage with value-add and systems modernization potential
- Neighborhood occupancy positioned well nationally, aiding rent durability
- Elevated incomes and home values support pricing power and retention
- 3-mile household growth and forecasts expand the renter pool
- Risk: thinner local renter concentration and limited in-neighborhood retail