| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 35th | Fair |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1107 Ramirez St, Marysville, CA, 95901, US |
| Region / Metro | Marysville |
| Year of Construction | 1986 |
| Units | 35 |
| Transaction Date | 2016-12-13 |
| Transaction Price | $2,550,000 |
| Buyer | RB INVESTMENTS HOLDING LLC |
| Seller | A & J PETRO INC |
1107 Ramirez St, Marysville CA Multifamily Investment
Neighborhood renter concentration and occupancy near the low-90s suggest stable demand, according to WDSuite’s CRE market data. Built in 1986, the asset is newer than much of the local stock, creating potential to compete well with modest modernization.
Located in Marysville within the Yuba City metro, the property sits in a neighborhood rated A+ and ranked 2 out of 56 locally for overall performance—competitive among metro peers. Amenity access is a relative strength: groceries, restaurants, parks, and pharmacies score in the upper national percentiles, supporting day-to-day livability and leasing appeal for workforce renters.
The neighborhood’s median school rating is around 3.0 (above the national midpoint), which can aid family-oriented retention compared with submarkets that trail national norms. Neighborhood occupancy is about 92% (neighborhood-level, not the property), hovering slightly above national midpoints and indicating steady leasing conditions rather than overheating.
Tenure data points to depth in the renter pool: roughly 68% of neighborhood housing units are renter-occupied, and within a 3-mile radius around the property, renters account for about 61% of occupied housing. For investors, this supports demand stability and a broader prospect base for renewals and new leases.
Demographics within a 3-mile radius show recent population and household growth with additional gains forecast over the next five years, implying a larger tenant base and ongoing renter pool expansion. At the same time, elevated home values versus incomes (high national percentile for value-to-income) indicate a high-cost ownership market locally, which tends to sustain reliance on multifamily rentals and can support pricing power, subject to lease management and affordability considerations.
Relative to the neighborhood’s older average construction vintage (late 1940s), a 1986 build is comparatively newer. That positioning can reduce immediate obsolescence risk versus older competitors, while still leaving room for targeted renovations to lift rents, improve energy efficiency, and enhance operating durability.
Safety indicators are mixed across reference frames. Compared nationally, the neighborhood lands in higher safety percentiles (mid-60s to upper-70s), placing it around the top quartile nationally on several measures. Within the Yuba City metro, however, its crime rank is on the lower end (rank 6 of 56, where lower ranks indicate higher crime), signaling that investors should underwrite prudent security and operations practices.
Recent trend data show improvement in violent incidents (strong national percentile for year-over-year reduction), while property crime sits closer to national mid-to-better ranges. Interpreting these dynamics conservatively—site-level measures, lighting, and resident screening—can help support tenant retention and operational stability.
Regional employment access is anchored by large corporate operations within commuting range, supporting workforce renter demand and lease retention for residents who commute to these hubs: Xerox State Healthcare, Cardinal Health, International Paper, Intel’s Folsom campus, and a DISH Network distribution facility.
- Xerox State Healthcare — healthcare IT services (38.6 miles)
- Cardinal Health — medical supply/logistics (38.6 miles)
- International Paper — paper & packaging operations (40.2 miles)
- Intel Folsom FM5 — semiconductor design & offices (41.4 miles)
- DISH Network Distribution Center — distribution & logistics (43.9 miles)
This 35-unit, 1986-vintage asset benefits from a neighborhood with strong amenity access, renter depth, and occupancy near the low-90s at the neighborhood level. Compared with the metro’s older housing stock, the vintage offers competitive positioning while leaving room for targeted value-add to modernize interiors/systems and enhance operating resilience. According to commercial real estate analysis from WDSuite, local ownership costs trend high relative to incomes, reinforcing reliance on rentals and supporting steady demand.
Within a 3-mile radius, recent and projected growth in population and households points to a larger tenant base over time. Neighborhood schools trend around national medians and essential services score well, which can aid renewal rates. Key risks include metro-relative safety positioning, rent-to-income pressures that call for attentive lease management, and regional commute dynamics; disciplined underwriting and capital planning can mitigate these factors.
- Renter depth: high share of renter-occupied units locally supports demand stability and renewal potential.
- Competitive vintage: 1986 construction is newer than much of the area, with clear value-add and modernization levers.
- Location fundamentals: strong access to daily amenities and services, plus neighborhood occupancy around the low-90s.
- Demand tailwinds: 3-mile radius shows growth in population and households, expanding the tenant base.
- Risks: metro-relative safety ranking, affordability pressure (rent-to-income), and commute distances warrant conservative underwriting.