| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 16th | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5608 Luce Ave, McClellan, CA, 95652, US |
| Region / Metro | McClellan |
| Year of Construction | 1988 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5608 Luce Ave, McClellan Multifamily Investment
Neighborhood occupancy near 95% and a high renter concentration point to steady tenant demand, according to WDSuite’s CRE market data. Positioned in Sacramento’s inner suburbs, the asset benefits from durable workforce housing dynamics that support leasing stability.
Located in an Inner Suburb pocket of the Sacramento-Roseville-Folsom metro, the neighborhood carries a C rating and sits 401 out of 561 metro neighborhoods overall — broadly in line with working-class submarkets where value-driven rentals perform. Investor interest here is typically tied to stable renter pools and access to everyday services rather than lifestyle premiums.
Amenity access is competitive among Sacramento neighborhoods (amenity rank 117 of 561, above the metro median), with restaurants and groceries represented more strongly than national midpoints. Cafes and childcare options track above average nationally as well, supporting daily convenience for residents and reinforcing retention for workforce-oriented properties.
Renter-occupied housing is a defining local feature: the renter concentration is 63.2% of housing units, placing the area in the top decile nationally for renter share. For multifamily investors, that depth of renter households supports consistent leasing pipelines and reduces reliance on in-migration for occupancy.
Neighborhood rent levels benchmark in the low-$1,300s for median contract rent, and occupancy has held around the mid-90% range in recent readings. Within a 3-mile radius, WDSuite’s demographic view shows modest recent population growth alongside a faster increase in households, expanding the tenant base and supporting absorption for well-managed communities.
Ownership remains a higher-cost proposition relative to local incomes (value-to-income ratio tracks in a high national percentile), which tends to sustain rental demand and bolster renewal prospects for competitively priced units. Vintage across the neighborhood averages mid-1980s; this 1988 property is slightly newer than the local norm, lending it a competitive edge versus older stock while still warranting targeted modernization as systems age.
Safety outcomes are mixed compared with the metro and nation. The neighborhood’s crime rank sits 402 out of 561 metro neighborhoods, which is below the metro median. Nationally, it aligns closer to the lower half of neighborhoods. However, recent trend data indicate year-over-year declines in both violent and property offenses, suggesting gradual improvement. Investors typically account for this by emphasizing lighting, access control, and community engagement to support resident comfort and retention.
Nearby employment is diversified across healthcare distribution, communications, paper products, and technology, supporting a broad renter base and commute convenience for workforce tenants. Employers in proximity include Cardinal Health, DISH Network Distribution Center, Xerox State Healthcare, International Paper, and Intel Folsom FM5.
- Cardinal Health — healthcare distribution (6.4 miles)
- DISH Network Distribution Center — logistics & distribution (9.6 miles)
- Xerox State Healthcare — healthcare IT services (10.7 miles)
- International Paper — paper & packaging operations (10.7 miles)
- Intel Folsom FM5 — semiconductor offices (12.3 miles)
5608 Luce Ave offers exposure to a renter-heavy neighborhood where occupancy has stayed in the mid-90% range and median rents sit in the low-$1,300s, supporting durable cash flow for well-operated assets. Within a 3-mile radius, recent population gains and a quicker rise in households expand the tenant base, while elevated ownership costs relative to incomes tend to reinforce reliance on multifamily housing and aid renewal velocity. Based on CRE market data from WDSuite, the property’s submarket shows adequate amenity access and renter demand fundamentals that compare favorably to many workforce corridors in the metro.
Built in 1988, the asset is slightly newer than the neighborhood average, offering a modest competitive edge versus older inventory while still presenting sensible opportunities for targeted value-add — particularly in unit interiors and building systems — to defend occupancy and pricing power over the hold period.
- Renter-heavy neighborhood (about two-thirds renter-occupied) supports consistent leasing pipelines and renewal depth.
- Occupancy around the mid-90% range and median rents near the low-$1,300s provide a stable starting point for income.
- Slightly newer 1988 vintage versus local average enables targeted value-add to enhance competitiveness.
- Diverse nearby employers underpin workforce demand and commute convenience for tenants.
- Key risk: safety metrics trail metro averages; emphasize property-level security, lighting, and resident engagement to support retention.