| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 34th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2828 La Loma Dr, Rancho Cordova, CA, 95670, US |
| Region / Metro | Rancho Cordova |
| Year of Construction | 1973 |
| Units | 75 |
| Transaction Date | 2016-08-01 |
| Transaction Price | $6,200,000 |
| Buyer | --- |
| Seller | --- |
2828 La Loma Dr Rancho Cordova Multifamily Investment
Neighborhood occupancy remains strong and renter demand is durable, according to WDSuite’s CRE market data, supporting income stability for a 75-unit asset in Sacramento’s inner suburbs. Homeownership costs in the area lean high relative to incomes, which tends to sustain reliance on multifamily housing.
Rancho Cordova’s inner-suburb location offers everyday convenience for renters, with grocery access ranking in the upper tier of the metro and restaurant density competitive versus national norms. Parks are similarly abundant, while cafes and pharmacies are thinner, suggesting daily needs are met locally but some specialty trips may require a broader trade area (based on CRE market data from WDSuite).
The neighborhood’s occupancy rate is in the top quartile nationally and above the Sacramento metro median, indicating stable tenant rollover and reduced downtime risk; note this occupancy reflects the neighborhood, not the subject property. Renter-occupied share is elevated for the area, signaling a deeper tenant base and support for leasing velocity through cycles.
Within a 3-mile radius, demographics point to renter pool expansion: population and households have increased over the past five years and are projected to continue growing, even as average household size is expected to edge lower. This combination typically broadens the demand base for multifamily units and helps support occupancy stability over the medium term.
Ownership dynamics reinforce rental demand. Home values are elevated versus national benchmarks and the value-to-income ratio sits in a high national percentile, while neighborhood rent-to-income remains comparatively moderate. For investors, this mix can underpin lease retention and pricing power without overextending affordability.
Counterweights include below-average school ratings in the neighborhood and limited cafe/pharmacy density. These factors may narrow the appeal for certain tenant segments, but do not negate the core advantage of strong occupancy and everyday amenity access in this inner-suburban location among 561 metro neighborhoods.
Safety indicators are mixed relative to both national and Sacramento benchmarks. Overall crime levels track around national mid-range, and trends diverge by offense type, so investors should evaluate security practices and operating policies alongside local comps.
Property offenses have improved notably year-over-year, placing the neighborhood in a stronger national percentile for recent trend performance. By contrast, violent offense measures remain below the national median, which warrants typical risk controls in onsite management and lighting. These metrics reflect the broader neighborhood and are ranked among 561 Sacramento-area neighborhoods, not conditions at the specific property.
The employment base nearby blends logistics, healthcare, paper/packaging, and technology, supporting workforce housing demand and commute convenience for renters. Notable employers within a short drive include DISH Network, Cardinal Health, Intel, International Paper, and Xerox State Healthcare.
- DISH Network Distribution Center — logistics/distribution (5.4 miles)
- Cardinal Health — healthcare distribution (8.1 miles)
- Intel Folsom FM5 — semiconductor offices (9.0 miles)
- International Paper — paper & packaging (12.2 miles)
- Xerox State Healthcare — healthcare services (13.2 miles)
The investment case centers on durable occupancy and a broadening renter base in Sacramento’s inner suburbs. Neighborhood occupancy sits in a high national percentile and above the metro median, indicating steady tenant retention and limited downtime risk. Within a 3-mile radius, recent population and household growth, alongside projections for continued gains and slightly smaller household sizes, point to ongoing renter demand and support for leasing stability. Elevated home values and a high value-to-income ratio suggest a high-cost ownership market, while a comparatively moderate rent-to-income profile provides room for disciplined rent management without acute affordability pressure, according to CRE market data from WDSuite.
Amenities skew practical—strong grocery and park access with solid restaurant density—helping everyday livability. Risks to underwrite include weaker neighborhood school ratings, thin cafe/pharmacy supply, and mixed safety indicators, which may require standard operational measures but are typical considerations for workforce-oriented submarkets.
- High neighborhood occupancy supports income stability and lowers downtime risk
- Expanding 3-mile renter pool and projected household growth bolster leasing fundamentals
- Elevated ownership costs reinforce reliance on rentals; rent-to-income remains manageable
- Everyday amenities (grocery, parks, dining) enhance retention for workforce households
- Risks: weaker school ratings, limited cafes/pharmacies, and mixed safety trends require active management