| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 37th | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1717 California Dr, Vacaville, CA, 95687, US |
| Region / Metro | Vacaville |
| Year of Construction | 2004 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1717 California Dr Vacaville 52‑Unit Multifamily Investment
Newer 2004 construction compared with an early‑1980s neighborhood average positions this asset competitively while renter demand is reinforced by a high‑cost ownership market, according to WDSuite’s CRE market data. Neighborhood occupancy metrics reference the surrounding area, not this property, and point to mid‑range stability with room for operational outperformance.
Competitive among Vallejo metro neighborhoods (ranked 31 of 98), the surrounding Inner Suburb location offers day‑to‑day convenience with strong grocery and park access that ranks in the top quartile nationally, while cafes and pharmacies are less dense. For investors, this translates into solid basic amenities that support leasing, with fewer lifestyle retailers immediately nearby.
With neighborhood rents placed in the top quartile nationally and a rent‑to‑income ratio around one‑quarter, pricing power appears supported without pushing typical tenants beyond common affordability thresholds. Median home values sit well above national norms, a high‑cost ownership backdrop that tends to sustain multifamily demand and lease retention.
The property’s 2004 vintage is newer than the neighborhood’s early‑1980s average, suggesting relative competitiveness versus older stock. Investors should still plan for targeted modernization as systems age, but the vintage offers a favorable starting point compared with many nearby assets.
Tenure data indicate a renter‑occupied share near the mid‑50s in the neighborhood, implying a deep renter base that supports occupancy stability over time. Within a 3‑mile radius, population and household counts have expanded in recent years with further growth forecast, pointing to a larger tenant base and sustained demand for rental housing; these demographic figures are aggregated within a 3‑mile radius and can help underpin leasing fundamentals.
School ratings in the area trend below national averages, which may modestly temper family‑driven demand, but strong grocery and park access and above‑metro income positioning provide counterbalance. Overall, the combination of renter concentration, high‑cost ownership, and steady 3‑mile growth supports long‑term leasing fundamentals.
Neighborhood safety benchmarks track below national averages (national percentile readings indicate less safety than typical), placing the area around the metro middle rather than among its safest submarkets. For underwriting, this suggests emphasizing on‑site management and resident experience to support retention and rent collections.
Property crime has improved materially year over year, a favorable trend for investors, while violent‑crime indicators have moved higher recently. These metrics are neighborhood‑level, not property‑specific, and should be weighed alongside asset quality, tenant mix, and operational controls.
Regional employment is diversified across distribution, healthcare, and corporate services within commuting range, supporting a broad renter base and leasing durability. Nearby nodes include International Paper, Xerox State Healthcare, Cardinal Health, DISH Network Distribution Center, and Chevron’s headquarters presence.
- International Paper — packaging & materials (28.5 miles)
- Xerox State Healthcare — healthcare IT & services (28.6 miles)
- Cardinal Health — healthcare distribution (33.1 miles)
- DISH Network Distribution Center — logistics & distribution (34.7 miles)
- Chevron — energy corporate offices (39.7 miles) — HQ
1717 California Dr offers a 52‑unit, 2004‑built asset that is relatively newer than much of the surrounding stock, providing competitive positioning with targeted value‑add potential as systems age. The neighborhood shows strong basic amenities and high median home values, reinforcing reliance on multifamily housing and supporting pricing power. According to commercial real estate analysis from WDSuite, neighborhood rents are elevated versus national norms while rent‑to‑income ratios remain manageable, pointing to durable tenant demand.
Within a 3‑mile radius, recent and forecast growth in population, households, and incomes expands the renter pool and supports occupancy stability. While neighborhood safety metrics trail national averages and schools rate below national norms, improving property‑crime trends and the asset’s newer vintage create scope for operational differentiation through management, unit upgrades, and resident programming.
- Newer 2004 construction versus an older neighborhood average supports competitive positioning and targeted value‑add.
- High‑cost ownership market sustains renter demand and lease retention potential.
- Elevated neighborhood rents with manageable rent‑to‑income ratios support pricing power without overextending tenants.
- 3‑mile population and household growth expands the tenant base, aiding occupancy stability.
- Risks: safety metrics below national averages and lower school ratings may temper certain demand segments; active management is key.