| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 22nd | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1224 Plumas St, Yuba City, CA, 95991, US |
| Region / Metro | Yuba City |
| Year of Construction | 1993 |
| Units | 71 |
| Transaction Date | 2016-03-30 |
| Transaction Price | $13,500,000 |
| Buyer | Summerfield Investors LLC |
| Seller | Summerfield Senior Care LLC, End User, Stuart L & Deborah D Fuss, Cash Equivalent Price/sf |
1224 Plumas St Yuba City 71-Unit Multifamily
Neighborhood occupancy and renter demand are strong for this Yuba City location, according to WDSuite s CRE market data, supporting income stability for well-managed assets. These figures reflect neighborhood conditions rather than the property specifically.
This Inner Suburb neighborhood ranks 1st out of 56 in the Yuba City metro (A+ rating), with amenity access that is top quartile nationally. Cafes, restaurants, groceries, parks, and pharmacies are dense for the metro (each ranking among the top 6 of 56 neighborhoods), which tends to support day-to-day convenience and renter retention.
According to WDSuite s commercial real estate analysis, neighborhood multifamily occupancy is competitive among Yuba City neighborhoods (rank 16 of 56) and in the top quartile nationally by percentile, a signal of stable renter demand. The share of housing units that are renter-occupied is high (rank 7 of 56 and very strong nationally), indicating a deep tenant base that can support leasing velocity and renewal rates. These are neighborhood metrics, not property-specific performance.
The property s 1993 vintage is newer than the neighborhood s average construction year (1983). That relative youth can be a competitive advantage versus older stock, while still offering value-add potential via modernization of interiors, building systems nearing mid-life, and common-area upgrades.
Within a 3-mile radius, WDSuite data indicates population growth over the last five years, with households also increasing and a forecast calling for further household expansion. This points to a larger tenant base over time and supports occupancy stability. Median incomes have risen, which, alongside a rent-to-income profile that appears manageable at the neighborhood level, can help sustain rent collections; however, investor underwriting should still account for affordability pressure at renewal.
Home values in the neighborhood sit above national medians and the value-to-income ratio ranks high for the metro, suggesting a relatively high-cost ownership market. Elevated ownership costs typically reinforce reliance on rental housing, supporting renter retention and pricing power for well-positioned multifamily assets.
Safety trends warrant balanced consideration. The neighborhood s recent year shows below-average safety compared with national benchmarks (national percentiles around the lower half), and the crime rank sits in the less favorable half of Yuba City s 56 neighborhoods. At the same time, WDSuite s data indicates year-over-year declines in both property and violent offense rates, an improving directional trend investors may weigh alongside current conditions.
As always, safety can vary by block and over time. Investors typically incorporate local law enforcement updates, property-level security measures, and tenancy profile when assessing risk and potential insurance and operating expense impacts.
Regional employment centers within commuting range provide a diversified white-collar and industrial base that can support renter demand and retention. Notable nearby employers include Xerox State Healthcare, Cardinal Health, International Paper, Intel s Folsom campus, and a DISH Network distribution facility.
- Xerox State Healthcare corporate offices (38.6 miles)
- Cardinal Health corporate offices (38.9 miles)
- International Paper corporate offices (40.2 miles)
- Intel Folsom FM5 technology campus (42.4 miles)
- DISH Network Distribution Center distribution (44.4 miles)
1224 Plumas St offers a 71-unit, 1993-vintage multifamily asset in Yuba City s top-ranked neighborhood (1 of 56), combining amenity density with strong renter orientation. Neighborhood occupancy trends sit in the upper tier nationally, and the renter-occupied share is high, supporting a deep tenant base and potential lease-up resilience. Within a 3-mile radius, population and households have increased historically with additional household growth forecast, pointing to renter pool expansion and support for occupancy stability. According to CRE market data from WDSuite, the neighborhood also benchmarks as relatively high-cost for ownership, which typically reinforces reliance on rental housing and can aid retention for well-positioned assets.
The 1993 construction is newer than the neighborhood average, suggesting relative competitiveness versus older stock while leaving room for value-add through modernization. Key risks include safety metrics that trail national benchmarks and a school rating profile that is weaker nationally; underwriting should consider appropriate operating practices, insurance costs, and targeted capital to enhance curb appeal and security.
- Top-ranked neighborhood amenities (1 of 56) support renter retention and daily convenience
- Strong neighborhood occupancy and high renter-occupied share indicate depth of tenant demand
- 1993 vintage offers competitiveness with value-add modernization potential
- Within 3 miles, rising households and income growth bolster long-run leasing stability
- Risks: below-average safety metrics and weaker school ratings require prudent operations and insurance planning