| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 28th | Poor |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Springs Rd, Vallejo, CA, 94590, US |
| Region / Metro | Vallejo |
| Year of Construction | 1973 |
| Units | 22 |
| Transaction Date | 2001-10-18 |
| Transaction Price | $1,280,000 |
| Buyer | TIPP DAVID |
| Seller | CHEUNG DAVID K |
201 Springs Rd, Vallejo CA — 22-Unit 1973 Multifamily Opportunity
Renter demand is supported by a high neighborhood renter-occupied share and dense amenities, according to WDSuite’s CRE market data, positioning this asset for steady leasing with thoughtful operations.
Located in an Inner Suburb of Vallejo, the property sits in a neighborhood rated A and ranked 13 out of 98 metro neighborhoods — top quartile among Vallejo areas. Amenity access is a standout: restaurants, cafes, groceries, parks, and pharmacies all score in high national percentiles, offering daily convenience that helps support tenant retention and leasing velocity.
The neighborhood’s occupancy is reported at 92.9%, which indicates generally stable renting conditions relative to broader markets. Median contract rents in the area have risen over recent years, while the median rent-to-income ratio suggests some affordability pressure that owners should manage via lease strategy and renewal planning. Elevated home values and a high value-to-income ratio signal a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and can support pricing power when operations are disciplined.
Vintage context matters for competitive positioning. Built in 1973, this asset is newer than the neighborhood’s older average housing stock, which can be an advantage versus pre-war inventory; however, systems are still aging, so investors should plan for targeted modernization to protect occupancy and reduce capex surprises.
Tenure patterns are favorable for multifamily: approximately 59.6% of housing units in the neighborhood are renter-occupied, indicating a deep renter base that supports demand stability for a 22-unit property. Within a 3-mile radius, population and household counts have increased in recent years and are projected to continue growing, expanding the local renter pool and supporting occupancy and rent performance over the medium term.
Safety trends should be evaluated carefully. This neighborhood ranks 97 out of 98 Vallejo metro neighborhoods for crime, placing it below the metro average and in low national percentiles for safety. Recent year-over-year indicators point to increases in both property and violent offenses. Investors should underwrite with prudent security, lighting, access controls, and community management to support resident comfort and retention.
As always, crime can vary block to block and over time. Context from property-level history, on-site measures, and nearby comparables can provide a clearer view of risk and appropriate operating practices.
Regional employment centers within commuting range include headquarters and major corporate offices that support a broad white-collar workforce — a demand driver for renters seeking proximity and commute convenience. The most relevant nearby names include Clorox, Salesforce, Gap, PG&E Corp., and Wells Fargo.
- Clorox — consumer goods HQ (20.9 miles) — HQ
- Salesforce.com — software HQ (23.0 miles) — HQ
- Gap — apparel retail HQ (23.2 miles) — HQ
- PG&E Corp. — utilities HQ (23.2 miles) — HQ
- Wells Fargo — financial services HQ (23.2 miles) — HQ
201 Springs Rd offers a 22-unit, 1973-built footprint in an A‑rated Vallejo neighborhood with top-quartile amenity access. The area shows a high renter-occupied share and a high-cost ownership landscape, which together point to depth of tenant demand and potential pricing resilience. Within a 3-mile radius, population and household growth — with further gains forecast — indicate a larger renter base over time, supporting occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy is consistent with steady leasing conditions, while rents have advanced in recent years.
Key underwriting considerations include crime rates that sit below metro safety averages and rent-to-income levels that call for disciplined lease and renewal management. The 1973 vintage is newer than much of the neighborhood’s older stock, offering a competitive edge if paired with targeted system upgrades and common-area enhancements.
- A-rated, top-quartile Vallejo neighborhood with dense amenities supporting tenant retention
- High neighborhood renter-occupied share and high-cost ownership market reinforce multifamily demand
- 1973 vintage newer than much of local stock; targeted upgrades can enhance competitive positioning
- 3-mile population and household growth expand the renter pool and support occupancy
- Risks: below-average safety metrics and affordability pressure warrant prudent operations and security planning