| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 28th | Poor |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 West St, Suisun City, CA, 94585, US |
| Region / Metro | Suisun City |
| Year of Construction | 1973 |
| Units | 30 |
| Transaction Date | 2004-07-08 |
| Transaction Price | $600,000 |
| Buyer | PI PROPERTIES NO 140 LLC |
| Seller | VOGL DAVID R |
1100 West St, Suisun City Multifamily Investment
Based on CRE market data from WDSuite, neighborhood-level occupancy has held in the mid-90s, indicating stable renter demand that can support consistent collections. Metrics reflect the surrounding neighborhood rather than the property and show a sizable share of renter-occupied units, which can deepen the local tenant base.
Suisun City’s inner-suburban setting offers daily convenience with a competitive amenity mix among 98 Vallejo-area neighborhoods — restaurants and cafes rank competitively in the metro (with cafes in the 82nd percentile nationally), while parks access trends strong. However, childcare and pharmacy options are sparse in this immediate neighborhood, which may influence certain household preferences.
Neighborhood occupancy is 95.7% (top quartile nationally), and the renter-occupied share is high at 62.4%. For investors, this combination points to a deep tenant pool and supports leasing stability for well-managed assets, though it also places a premium on operations and resident services to sustain retention.
Within a 3-mile radius, population has edged up in recent years and households have increased, expanding the local renter pool. Looking ahead, projections indicate additional household growth and a modest reduction in average household size, which can translate into more renters entering the market and support occupancy. Contract rents in the 3-mile area have risen over the past five years, reinforcing durable demand for multifamily product.
Elevated for-sale pricing relative to incomes (97th percentile nationally for value-to-income) in the neighborhood context suggests a high-cost ownership market that can sustain reliance on rentals and support pricing power. At the same time, the neighborhood’s rent-to-income metrics indicate affordability pressure for some renters, warranting thoughtful lease management and renewal strategies. Average school ratings trail national norms, so family-oriented leasing may benefit from community engagement and value-forward positioning.
The property’s 1973 vintage is newer than the neighborhood’s older housing stock (average year 1947), offering relative competitiveness versus many nearby assets; investors should still plan for targeted system upgrades or common-area modernization to enhance positioning and reduce ongoing capex volatility.
Neighborhood safety trends are mixed but improving. Compared with neighborhoods nationwide, violent and property offense levels sit below national averages (lower percentiles), yet both categories have shown year-over-year declines, with violent offenses improving strongly. Within the Vallejo metro, the area is competitive among 98 neighborhoods rather than a clear outlier on either end, which supports a balanced, context-driven underwriting approach.
For investors, the directional improvement — particularly the notable decline in violent offense rates — is constructive for long-term leasing stability, while current levels still argue for standard security measures, lighting, and partnership with local resources rather than extensive hardening.
Regional employment anchors within commuting range include consumer goods, energy, packaging, healthcare services, and cloud software — a diverse base that can support renter demand and retention for workforce and professional households.
- Clorox — consumer goods (32.3 miles) — HQ
- Chevron — energy (33.2 miles) — HQ
- International Paper — packaging (35.7 miles)
- Xerox State Healthcare — healthcare services (35.9 miles)
- Salesforce.com — cloud software (36.0 miles) — HQ
This 30-unit, 1973-vintage asset benefits from a renter-driven neighborhood where occupancy sits in the top quartile nationally and renter-occupied share is high. According to CRE market data from WDSuite, these neighborhood conditions — paired with rising household counts within a 3-mile radius — point to a durable tenant base and support for steady leasing. The property’s vintage is newer than much of the surrounding housing stock, offering relative competitiveness while leaving room for targeted upgrades to drive NOI.
Elevated ownership costs in the neighborhood context reinforce reliance on rentals and can underpin pricing power. That said, rent-to-income levels signal affordability pressure for some households, and school ratings lag national averages — factors that argue for disciplined lease management, value-forward unit improvements, and resident retention programs.
- Renter-driven neighborhood with upper-quartile occupancy supports stable leasing
- 1973 vintage is newer than local stock, with value-add potential via targeted modernization
- Household growth within 3 miles expands the tenant base and supports absorption
- Elevated ownership costs reinforce rental demand and potential pricing power
- Risk: affordability pressure and lower school ratings require careful lease and renewal strategy