| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 32nd | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1400 Humphrey Dr, Suisun City, CA, 94585, US |
| Region / Metro | Suisun City |
| Year of Construction | 1978 |
| Units | 31 |
| Transaction Date | 2002-11-21 |
| Transaction Price | $5,850,000 |
| Buyer | BRUNO JOHN |
| Seller | ASHLEY RONALD P |
1400 Humphrey Dr, Suisun City CA Multifamily Opportunity
Stabilized neighborhood occupancy around the low-90% range and a meaningful renter base point to dependable tenant demand, according to WDSuite’s CRE market data.
Suisun City’s suburban location provides daily essentials with relatively good access to groceries (competitive among Vallejo’s 98 neighborhoods), while restaurants, cafes, parks, and pharmacies are more limited locally. For investors, this translates to convenience for residents’ basics but with fewer lifestyle amenities nearby, which can influence leasing profiles toward value-conscious renters.
Neighborhood occupancy is 92.3% (above metro median nationally measured at the 56th percentile), supporting stable cash flow potential. The renter-occupied share in the neighborhood is 33.6%, indicating a moderate renter concentration; this level typically supports a consistent tenant pool without overreliance on any single renter segment.
Within a 3-mile radius, recent data show a slight uptick in population and an increase in total households, with projections indicating notable growth in households by 2028. That expansion suggests a larger tenant base over the medium term, which can support occupancy stability and leasing velocity for well-positioned assets.
Home values in the neighborhood sit in higher national percentiles, and the value-to-income ratio also trends elevated versus the U.S. As a result, ownership is a higher-cost pathway here relative to local incomes, which can sustain reliance on rental options and support pricing power for multifamily operators when paired with prudent lease management. Median contract rents are also high by national standards, so monitoring rent-to-income (about 0.22 in the neighborhood) remains important for retention. Based on CRE market data from WDSuite, the average construction vintage locally is 1986; this property’s 1978 vintage is older than the neighborhood norm, implying potential value-add and capital planning needs to remain competitive against newer stock.
Safety indicators are mixed relative to peers. The neighborhood’s crime rank is 45 out of 98 in the Vallejo metro, placing it somewhat below the metro median. Nationally, the safety profile tracks below average, but recent trend data show improvement: estimated violent and property offense rates have both declined year over year, with violent incidents improving at a pace that is competitive among U.S. neighborhoods. For investors, the directional trend is constructive, but underwriting should account for local security measures and operating practices.
Regional employment access is anchored by diversified corporate offices within commuting range, supporting renter demand through a mix of manufacturing, healthcare services, and Fortune 500 headquarters exposure reflected below.
- International Paper — manufacturing (33.2 miles)
- Xerox State Healthcare — healthcare services (33.4 miles)
- Clorox — consumer products (34.5 miles) — HQ
- Chevron — energy corporate offices (34.6 miles) — HQ
- Cardinal Health — healthcare distribution (37.6 miles)
1400 Humphrey Dr is a 31-unit, 1978-vintage asset positioned in a suburban pocket of Suisun City where neighborhood occupancy is in the low-90% range and renter demand is supported by a moderate renter-occupied share. The property’s older vintage relative to the neighborhood’s 1986 average suggests clear value-add and systems modernization angles to enhance competitiveness against newer stock. According to CRE market data from WDSuite, home values and rent levels sit high by national standards while rent-to-income remains manageable, a combination that can sustain renter reliance on multifamily housing while still requiring careful lease management to preserve retention.
Within a 3-mile radius, recent population gains and a projected increase in households through 2028 point to a larger tenant base over time, which should support occupancy stability and steady leasing for well-maintained, appropriately priced units. Limited nearby lifestyle amenities and a safety profile that is below national averages are watch items, but the diversified regional employer base and household income growth trajectory provide counterweights for long-term fundamentals.
- Stable neighborhood occupancy and a moderate renter base support consistent leasing
- 1978 vintage offers value-add and capital planning opportunities versus newer local stock
- Elevated ownership costs reinforce multifamily demand; rent-to-income suggests manageable affordability pressure
- 3-mile household growth outlook expands the tenant pool and supports occupancy stability
- Risks: limited nearby amenities and below-average safety warrant active operations and prudent underwriting