| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 31st | Poor |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3060 Laurelhurst Dr, Rancho Cordova, CA, 95670, US |
| Region / Metro | Rancho Cordova |
| Year of Construction | 1978 |
| Units | 96 |
| Transaction Date | 2016-02-11 |
| Transaction Price | $6,795,000 |
| Buyer | DAFER INVESTMENTS LLC |
| Seller | COBBLESTONE IR LLC |
3060 Laurelhurst Dr Rancho Cordova Multifamily Investment
This 96-unit property built in 1978 benefits from strong regional rental demand and neighborhood-level occupancy at 96%, according to CRE market data from WDSuite.
The property sits in an inner suburb neighborhood that ranks 421st among 561 metro neighborhoods, delivering competitive fundamentals for multifamily property research. Neighborhood-level occupancy runs at 96% with 77.4% of housing units renter-occupied, ranking in the top quartile nationally for rental share. This concentration supports consistent tenant demand and lease-up velocity.
Built in 1978, the property aligns with the neighborhood's average construction year of 1984, positioning it for potential value-add opportunities through strategic capital improvements. The area demonstrates solid rent growth fundamentals, with median contract rents reaching $1,410 and climbing 44.5% over five years, though investors should monitor affordability dynamics given the rent-to-income ratio ranks in the bottom quartile nationally.
Demographics within a 3-mile radius show population growth of 8.4% over five years, with household formation increasing 8.1% and projected to accelerate to 32.1% growth through 2028. This expanding renter pool supports occupancy stability, while median household income growth of 41.4% over five years provides underlying support for rental demand. The neighborhood benefits from strong grocery access with 5.27 stores per square mile ranking in the top quartile nationally, enhancing tenant appeal.
The neighborhood's safety profile shows mixed indicators that warrant investor attention. Property crime rates of 422.7 per 100,000 residents rank 299th among 561 metro neighborhoods, placing it near the regional median. More encouragingly, both property and violent crime rates declined over the past year by 11.4% and 12.7% respectively, suggesting improving conditions.
Violent crime remains relatively contained at 112.9 incidents per 100,000 residents, though this ranks 346th among metro neighborhoods. The overall crime metrics place the area in the 46th national percentile, indicating moderate safety conditions compared to neighborhoods nationwide. Investors should factor these dynamics into tenant screening, property management protocols, and insurance considerations.
The property benefits from proximity to established corporate employers that support workforce housing demand, with major distribution and technology operations within reasonable commuting distance.
- DISH Network Distribution Center — telecommunications distribution (5.9 miles)
- Intel Folsom FM5 — technology manufacturing (8.3 miles)
- Cardinal Health — healthcare distribution (8.9 miles)
- International Paper — industrial manufacturing (13.1 miles)
- Xerox State Healthcare — business services (14.1 miles)
This 96-unit property presents a value-add opportunity in a neighborhood with strong rental fundamentals and expanding demographics. The 1978 construction year positions it for strategic capital improvements that could capture upside from the area's robust rent growth trajectory. Neighborhood-level occupancy at 96% and 77.4% rental share create stable demand conditions, while projected household growth of 32.1% through 2028 supports long-term tenant pipeline expansion.
The Sacramento-Roseville-Folsom metro benefits from diversified employment anchored by technology, healthcare, and distribution sectors. Commercial real estate analysis shows median household income growth of 41.4% over five years, though investors should monitor rent-to-income ratios that currently rank in the bottom quartile nationally, requiring careful lease management and potential concession strategies.
- Strong neighborhood occupancy at 96% with high rental share supporting demand stability
- Value-add potential through strategic improvements to 1978-vintage property
- Expanding demographics with 32.1% projected household growth through 2028
- Proximity to major employers including Intel, DISH Network, and Cardinal Health
- Risk consideration: Monitor affordability pressures given below-average rent-to-income metrics