| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 72nd | Best |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 581 9th St, Davis, CA, 95616, US |
| Region / Metro | Davis |
| Year of Construction | 1972 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | $5,500,000 |
| Buyer | NAP |
| Seller | Ching Yin Chang |
581 9th St, Davis CA Multifamily Investment
Urban-core Davis location with strong renter concentration and durable demand drivers, according to WDSuite’s CRE market data. Neighborhood occupancy trends and high-cost homeownership support steady leasing conditions for well-managed assets.
Situated in Davis 9s Urban Core within the Sacramento Roseville Folsom metro, the neighborhood rates A- and ranks 87 out of 561 metro neighborhoods, signaling competitive fundamentals for multifamily investors. Caf e9 and restaurant density is a standout strength the area ranks 1 out of 561 for both categories and sits in the 100th percentile nationally which typically supports walkable convenience and resident retention.
Renter concentration is high at the neighborhood level, with a large share of housing units renter-occupied (ranked 32 of 561; 97th percentile nationally). For investors, that depth of renter base can translate into consistent leasing velocity, especially for mid-sized assets. While neighborhood occupancy is currently below the metro median (ranked 494 of 561), assets with targeted upgrades and solid operations often compete effectively in locations with strong amenity access.
Within a 3-mile radius, population has grown modestly in recent years and households increased further, indicating smaller household sizes and a larger tenant base for multifamily. Forward-looking estimates show mostly stable population with additional household growth, which tends to support occupancy stability and absorption of renovated units.
Home values in the neighborhood are elevated (95th percentile nationally), which points to a high-cost ownership market. In this context, multifamily can benefit from sustained renter reliance on professionally managed housing, a point reinforced by WDSuite 9s multifamily property research at the neighborhood scale.
Safety indicators for the neighborhood track below the metro median and sit below the national median, based on comparative ranks and percentiles. This suggests investors should underwrite to conservative assumptions for security features and operating protocols, while noting that trends can vary by block and property operations.
Recent changes show a slight year-over-year increase in both property and violent offense estimates at the neighborhood level. While these are neighborhood-level metrics (not property-specific), they warrant prudent asset management such as lighting, access control, and tenant engagement to support retention and leasing performance.
Nearby corporate employment includes healthcare administration, paper and packaging, medical distribution, a regional distribution center, and semiconductor offices. This mix supports renter demand through commute convenience and a diversified white- and blue-collar workforce.
- Xerox State Healthcare healthcare administration (10.3 miles)
- International Paper paper & packaging (11.1 miles)
- Cardinal Health healthcare distribution (15.47 miles)
- DISH Network Distribution Center distribution center (19.45 miles)
- Intel Folsom FM5 semiconductor offices (31.89 miles)
581 9th St is a 40-unit asset built in 1972, slightly newer than the neighborhood 9s average vintage. That positioning can offer a competitive edge versus older stock, while still leaving room for targeted system upgrades and value-add interior improvements. Based on CRE market data from WDSuite, the surrounding neighborhood shows strong renter concentration and high-cost ownership, both of which help sustain multifamily demand even as neighborhood occupancy trends run below the metro median.
Within a 3-mile radius, recent population growth and a larger increase in households point to smaller household sizes and a broader tenant base, supporting occupancy stability for well-managed properties. Neighborhood rents have risen over the past five years and forward-looking estimates indicate continued rent growth, though a relatively high rent-to-income ratio signals potential affordability pressure, suggesting measured lease management and amenity-driven retention strategies.
- 1972 vintage competitive against older local stock, with potential value-add upside
- High renter-occupied share at the neighborhood level supports leasing depth
- Elevated home values reinforce rental demand and retention potential
- 3-mile household growth expands the tenant base, aiding occupancy stability
- Risk: Neighborhood occupancy below metro median and affordability pressure require disciplined operations