| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 31st | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10401 Rockingham Dr, Rancho Cordova, CA, 95670, US |
| Region / Metro | Rancho Cordova |
| Year of Construction | 1973 |
| Units | 88 |
| Transaction Date | 2015-12-02 |
| Transaction Price | $6,000,000 |
| Buyer | WESTERN SEA LP |
| Seller | ROSE GLEN LP |
10401 Rockingham Dr, Rancho Cordova CA Multifamily Investment
Neighborhood-level occupancy trends are above the metro median and renter-occupied housing is prevalent, supporting a durable tenant base according to WDSuite’s CRE market data.
This inner-suburb location in Rancho Cordova shows investor-friendly fundamentals at the neighborhood level: occupancy runs above the metro median (96% and top-quartile nationally), and the share of housing units that are renter-occupied is very high, indicating depth for multifamily demand. These signals, based on CRE market data from WDSuite, suggest relatively steady leasing and retention potential versus peers in the Sacramento-Roseville-Folsom metro.
The property’s 1973 construction is older than the neighborhood’s average vintage (1984 across 561 metro neighborhoods), pointing to routine capital planning and potential value-add through renovations. In practice, updated interiors and systems can improve competitive positioning against newer stock while supporting rent premiums where supported by micromarket demand.
Daily conveniences are a relative strength: grocery access ranks in the top decile nationally and restaurants are competitive among metro peers, while parks, cafes, and childcare options are limited within the immediate neighborhood. Average school ratings in the area are on the lower side nationally, which can influence unit mix performance and marketing focus but does not preclude stable workforce demand.
Within a 3-mile radius, the population and household counts have grown over the last five years, and projections indicate further household expansion over the next five years, implying a larger tenant base and support for occupancy. Elevated home values and a high value-to-income ratio at the neighborhood level reflect a high-cost ownership market in metro context, which tends to sustain rental demand. At the same time, rent-to-income metrics point to some affordability pressure, suggesting the need for disciplined lease management and measured rent growth strategies.
Neighborhood safety metrics are mixed. Compared with other areas in the Sacramento-Roseville-Folsom metro, this neighborhood ranks 352 out of 561 on crime, placing it below the metro average. Nationally, it sits around the middle of the pack overall, with property-related offenses closer to the lower half and violent-offense metrics weaker than midrange.
Recent trends are directionally positive: both estimated violent and property offense rates have declined year over year, indicating improving conditions. Investors typically weigh these trends alongside tenant profile and onsite management practices to support leasing and retention.
The area draws from a diverse employment base that supports renter demand through distribution, healthcare supply, semiconductor, packaging, and healthcare IT roles, offering commute-friendly access for residents.
- DISH Network Distribution Center — distribution & logistics (5.4 miles)
- Cardinal Health — healthcare supplies (8.7 miles)
- Intel Folsom FM5 — semiconductor offices (8.8 miles)
- International Paper — packaging manufacturing (12.8 miles)
- Xerox State Healthcare — healthcare IT services (13.8 miles)
10401 Rockingham Dr offers scale in an inner-suburb location where neighborhood occupancy is above the metro median and renter concentration is high, indicating depth of tenant demand. The 1973 vintage suggests clear value-add and capital planning opportunities that can enhance competitiveness against newer stock as units and systems are modernized. Elevated ownership costs in the neighborhood context tend to reinforce reliance on rental housing, while nearby grocery and dining density supports day-to-day livability for residents.
Within a 3-mile radius, recent gains in population and households, along with projections for further household growth, point to a larger tenant base and support for stable occupancy. At the same time, affordability pressure (as seen in rent-to-income indicators) and below-metro-average safety metrics warrant prudent underwriting and active management. These dynamics, based on CRE market data from WDSuite, frame a pragmatic, value-oriented thesis focused on durable demand with measured execution risk.
- Above-metro neighborhood occupancy and high renter concentration support leasing stability
- 1973 vintage offers value-add potential through renovations and system upgrades
- Elevated ownership costs sustain rental demand relative to for-sale alternatives
- 3-mile population and household growth expand the tenant base over the medium term
- Risks: rent-to-income pressure, below-metro-average safety, and ongoing capex for older systems