| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 57th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 550 Sandy Ln, Ripon, CA, 95366, US |
| Region / Metro | Ripon |
| Year of Construction | 2008 |
| Units | 46 |
| Transaction Date | 2019-02-22 |
| Transaction Price | $8,100,000 |
| Buyer | Tildan Properties |
| Seller | Cranbrook Realty Investment Fund |
550 Sandy Ln Ripon Multifamily Investment
This 46-unit property benefits from high-income demographics and strong neighborhood occupancy levels. The area ranks in the top quartile nationally for housing metrics, according to CRE market data from WDSuite.
Built in 2008, this property sits within a suburban neighborhood that ranks 28th among 179 metro neighborhoods, earning an A- rating. The neighborhood demonstrates strong fundamentals with a 96.5% occupancy rate and median household income of $135,511 within a 3-mile radius. This income level places the area in the 91st national percentile, supporting tenant quality and retention potential.
The local housing market shows robust characteristics for multifamily investment. With 34.4% of housing units renter-occupied, the area maintains a balanced rental market. Median contract rents of $1,413 have grown 22.8% over five years, while the rent-to-income ratio of 18% suggests manageable affordability for tenants. Home values averaging $672,908 can reinforce rental demand by keeping ownership costs elevated relative to renting.
Demographics within the 3-mile radius support stable demand, with 17,193 residents and household growth of 13.3% over five years. The area benefits from above-average school ratings (4.0 out of 5) ranking 4th among metro neighborhoods, which appeals to family renters. However, amenity density remains limited with minimal childcare facilities and parks, though pharmacy and cafe access meets basic tenant needs.
The neighborhood demonstrates strong safety metrics relative to the broader metro area. Violent crime rates rank 3rd lowest among 179 metro neighborhoods, placing the area in the 92nd national percentile for safety. This low violent crime environment supports tenant retention and can justify premium rents.
Property crime rates show more mixed results, ranking 4th among metro neighborhoods but experiencing a 134% increase over the past year. While the current property crime rate of 9.9 per 100,000 residents remains manageable, investors should monitor this trend as it could impact tenant satisfaction and renewal rates if it continues.
The employment base includes major corporate offices within commuting distance, supporting workforce housing demand for professional tenants.
- Clorox — consumer products (10.6 miles)
- Ross Stores — retail corporate offices (41.4 miles) — HQ
- The Clorox Company — consumer products (42.3 miles)
This 46-unit property built in 2008 offers investors exposure to a high-income suburban market with strong occupancy fundamentals. The neighborhood's 96.5% occupancy rate and top-quartile national housing ranking demonstrate market stability, while median household incomes exceeding $135,000 support premium rental pricing. The property's 2008 vintage positions it well within the neighborhood's building stock, minimizing immediate capital expenditure needs while offering potential value-add opportunities through unit upgrades.
Demographic trends within the 3-mile radius support long-term demand with household growth of 13.3% over five years and projected median income increases to $171,413 by 2028. However, investors should monitor the recent spike in property crime rates and limited amenity density, which could impact tenant satisfaction and competitive positioning against newer developments.
- High-income demographics with $135,511 median household income supporting premium rents
- Strong neighborhood occupancy at 96.5% indicating stable rental demand
- 2008 construction year minimizes near-term capital expenditure requirements
- Top-quartile national housing ranking demonstrates market fundamentals
- Risk: Property crime rates increased 134% requiring ongoing security considerations