| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Poor |
| Demographics | 45th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 575 Sacramento St, Vallejo, CA, 94590, US |
| Region / Metro | Vallejo |
| Year of Construction | 1978 |
| Units | 57 |
| Transaction Date | 2001-11-29 |
| Transaction Price | $3,000,000 |
| Buyer | MARINA ANNEX ASSOCIATES |
| Seller | BRIDGE HOUSING VENTURES |
575 Sacramento St, Vallejo CA Multifamily Investment
Renter demand is supported by strong amenity density and a high renter-occupied share in the surrounding neighborhood, according to WDSuite’s CRE market data. Expect stable screening activity with pricing influenced by a high-cost ownership market and mid-range neighborhood occupancy.
The property sits in an Urban Core area of Vallejo that rates A and ranks 15 out of 98 metro neighborhoods, placing it in the top quartile among Vallejo submarkets for overall neighborhood quality based on WDSuite’s CRE market data. Amenity access is a clear strength: grocery options rank 1 of 98 and restaurants rank 3 of 98 in the metro, with cafés also competitive (rank 9 of 98). Parks access is solid (rank 15 of 98), while pharmacy presence is limited within the neighborhood. These dynamics typically support day-to-day convenience and leasing appeal, though residents may travel farther for pharmacies.
Neighborhood-level occupancy is around the national midpoint and below the metro median by rank, while the share of housing units that are renter-occupied is high for the metro (rank 1 of 98). For investors, that renter concentration indicates a deep tenant base and consistent leasing velocity, even as renewal management remains important to sustain occupancy.
The asset’s 1978 vintage is newer than the neighborhood’s older average building stock (average construction year 1941 by rank context). That positioning can be competitive against pre-war inventory while still warranting capital planning for systems modernization and targeted value-add to meet current renter expectations.
Within a 3-mile radius, population and household counts have grown in recent years, with WDSuite data indicating continued expansion through the next five years. This projected increase in households and incomes points to a larger tenant base over time, supporting occupancy stability and absorption. Elevated home values in the neighborhood context, coupled with a rent-to-income ratio near one-third, suggest some affordability pressure; investors should emphasize lease management and retention strategies while recognizing that a high-cost ownership market tends to sustain reliance on multifamily rentals.
Safety conditions in the immediate neighborhood trend below metro averages by rank and are weaker than many neighborhoods nationally. The area’s crime rank places it near the bottom among 98 Vallejo metro neighborhoods, and national percentiles indicate lower relative safety compared with neighborhoods across the country.
Property and violent offense measures track in low national percentiles, with recent year-over-year trends signaling elevated activity. Investors typically underwrite for enhanced security, proactive onsite management, and tenant screening in similar Urban Core locations. Conditions can vary block to block; comparative framing and updated local readings should be incorporated during due diligence.
Nearby Bay Area corporate offices broaden the employment base and support commuter renter demand, particularly for workforce and professional tenants. Key employers within commuting distance include Clorox, Salesforce, Ameriprise Financial, AIG, and Gap.
- Clorox — corporate offices (20.6 miles) — HQ
- Salesforce.com — corporate offices (22.5 miles) — HQ
- Ameriprise Financial — corporate offices (22.6 miles)
- Aig — corporate offices (22.6 miles)
- Gap — corporate offices (22.6 miles) — HQ
575 Sacramento St offers investors exposure to a high-amenity Urban Core location with a deep renter pool and strong neighborhood ranking (15 of 98 by metro rank). The submarket’s high renter-occupied share supports consistent leasing and absorption, while elevated ownership costs in the neighborhood context tend to reinforce demand for multifamily units. According to CRE market data from WDSuite, neighborhood occupancy trends sit around the national midpoint, making renewal strategy and tenant retention key levers for performance.
Built in 1978, the asset is newer than much of the surrounding housing stock, positioning it well against older buildings while still benefiting from targeted upgrades to drive rent premiums and reduce long-term capex risk. Population and household growth within a 3-mile radius—along with projected gains—suggest a gradually expanding tenant base and support for occupancy stability over the hold period.
- High renter concentration supports tenant demand and leasing stability
- Amenity-rich Urban Core location with top-tier grocery and dining access
- 1978 vintage offers value-add upside versus older neighborhood stock
- Growing 3-mile population and households expand the renter pool over time
- Risks: below-metro safety ranks and affordability pressure require proactive management