| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 34th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2088 W La Loma Dr, Rancho Cordova, CA, 95670, US |
| Region / Metro | Rancho Cordova |
| Year of Construction | 1980 |
| Units | 34 |
| Transaction Date | 2021-08-23 |
| Transaction Price | $15,000,000 |
| Buyer | PC CA RIDGEWOOD LP |
| Seller | RL AFFORDABLE LP |
2088 W La Loma Dr, Rancho Cordova Multifamily
Neighborhood occupancy is strong and renter demand is durable for this 34‑unit asset in Rancho Cordova, according to WDSuite’s CRE market data, suggesting steady cashflow potential relative to similar Sacramento inner‑suburb locations.
This Inner Suburb location in Rancho Cordova balances everyday convenience with stable renter demand. Neighborhood occupancy is 98.3% and sits in the top decile nationally, based on CRE market data from WDSuite; this reflects area conditions and not the property itself, but it signals support for consistent lease-up and retention.
The housing stock skews slightly newer than the metro a0average. With a 1980 construction year, the property is somewhat newer than the neighborhood a0average vintage of the early 1970s, which can aid competitive positioning versus older assets while still warranting targeted system updates or value-add renovations.
Livability drivers are service-oriented: grocery access ranks strong (92nd percentile nationally) and restaurants are ample (84th percentile), while childcare density is also high (86th percentile). Caf e9 and pharmacy options are thinner in the immediate neighborhood. These dynamics generally support daily convenience for residents and can help leasing velocity for workforce-oriented product.
Within a 3-mile radius, demographics point to a larger tenant base over time: population grew about 7.6% over the last five years and households increased roughly 7.5%, with forecasts indicating continued population growth and a substantial rise in household counts by 2028. The projected increase in households alongside slower population growth suggests smaller household sizes, which typically expands the renter pool and supports occupancy stability.
Ownership remains relatively high-cost in this area (elevated value-to-income ratios and home values around the upper national quartiles). That context tends to reinforce renter reliance on multifamily housing, supporting pricing power when paired with moderate rent-to-income levels locally.
Safety indicators are mixed when viewed against regional and national peers. The neighborhood a0crime rank is 349 out of 561 Sacramento metro neighborhoods, placing it below the metro median, and national safety sits slightly below the midpoint. Recent momentum is constructive: property offenses are trending down, with an estimated one-year decrease of about 33.7% and improvement metrics in the upper national quartile, according to WDSuite a0data.
Investors should underwrite with typical operational precautions for an inner-suburban asset, while noting the improving trajectory in property crime. As always, safety metrics reflect broader neighborhood conditions rather than this property specifically and can vary by block and over time.
Nearby employment spans distribution, healthcare logistics, semiconductor offices, and paper/packaging operations, supporting commuter convenience and a broad renter base tied to these employers.
- DISH Network Distribution Center d distribution/logistics (5.2 miles)
- Cardinal Health d healthcare distribution (7.8 miles)
- Intel Folsom FM5 d semiconductor offices/R&D (9.3 miles)
- International Paper d paper & packaging (11.9 miles)
- Xerox State Healthcare d healthcare IT/administration (12.9 miles)
2088 W La Loma Dr presents a straightforward workforce housing play in an inner-suburban pocket where neighborhood occupancy is high and renter concentration is meaningful. According to CRE market data from WDSuite, occupancy for the neighborhood is in the top national decile and renter-occupied housing share is above the metro median, indicating a deep tenant base that can support lease stability. Elevated ownership costs in the area further sustain rental demand, while local rent-to-income levels suggest manageable affordability pressure for typical renters.
Constructed in 1980, the asset is somewhat newer than much of the 1970s-era stock nearby, offering a platform for selective value-add upgrades or system modernizations to sharpen competitiveness. Within a 3-mile radius, recent population growth and a notable rise in households — with forecasts indicating continued household gains — point to a larger renter pool over time, which should aid occupancy and retention in line with broader Sacramento suburban trends.
- High neighborhood occupancy and above-median renter concentration support demand depth and leasing stability.
- 1980 vintage offers potential value-add and modernization upside versus older 1970s assets.
- Elevated ownership costs reinforce reliance on rentals, supporting pricing power with prudent lease management.
- 3-mile household growth and projected increases suggest a larger tenant base and sustained occupancy.
- Risk: Safety metrics sit below the metro median; investors should budget for standard security and asset management measures.