| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 21st | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 124 E 13th St, Marysville, CA, 95901, US |
| Region / Metro | Marysville |
| Year of Construction | 1976 |
| Units | 28 |
| Transaction Date | 2018-11-05 |
| Transaction Price | $1,275,000 |
| Buyer | CASA MILANO LLC |
| Seller | PARK TAE EEN |
124 E 13th St Marysville 28-Unit Multifamily
Neighborhood occupancy trends and renter demand signal steady performance potential, according to WDSuite’s CRE market data. This concise commercial real estate analysis points to durable workforce housing dynamics with room for value-add execution.
Competitive among Yuba City, CA neighborhoods (ranked 18 of 56 with a B+ rating), the area surrounding 124 E 13th St offers livability fundamentals that support multifamily demand, based on CRE market data from WDSuite. Neighborhood occupancy is 94.3% — competitive nationally (about the 67th percentile) even if mid-pack locally — which can help underpin leasing stability at the submarket level.
Daily-needs access is a relative strength: grocery options and parks are both top quartile nationally by density, with restaurants and cafés also in the top quartile. These amenity concentrations typically aid retention and reduce resident friction, particularly for workforce renters who prioritize convenience.
Within a 3-mile radius, demographics show population growth over the past five years and a continued increase in households projected ahead, indicating a larger tenant base and potential renter pool expansion. The renter-occupied share within the neighborhood is 38.2% of housing units, suggesting a meaningful, though not dominant, renter concentration that can support consistent leasing.
Ownership costs skew higher relative to incomes locally (value-to-income sits in a high national percentile), which tends to reinforce reliance on rental housing and can bolster pricing power where rent-to-income remains manageable. School quality rates below national norms, which may influence tenant mix toward workforce-oriented households; investors should calibrate marketing and amenity positioning accordingly. For multifamily property research, these neighborhood dynamics collectively indicate serviceable demand drivers with selective competitive advantages.
Neighborhood-level crime metrics are limited in the latest WDSuite release for this location, so investors should evaluate safety in a comparative context using city and county trend data rather than block-level conclusions. When assessing risk, consider broader Yuba City regional trends and property-level measures (lighting, access control, and visibility) as part of underwriting.
Regional employment anchors within commuting range help sustain a diversified tenant base oriented to logistics, healthcare distribution, paper/packaging, and technology. The following employers represent key job nodes that can support renter demand and retention over time.
- Xerox State Healthcare — healthcare IT/services (38.7 miles)
- Cardinal Health — healthcare distribution (38.8 miles)
- International Paper — paper & packaging (40.3 miles)
- Intel Folsom FM5 — semiconductor offices (41.5 miles)
- DISH Network Distribution Center — distribution (44.0 miles)
Built in 1976, the 28-unit asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older properties while leaving room for targeted system updates and interior renovations to drive value-add upside. According to CRE market data from WDSuite, the neighborhood posts competitive national occupancy and strong daily-needs accessibility, both supportive of leasing stability.
Within a 3-mile radius, population has grown with households expected to expand further, pointing to a larger tenant base and potential renter pool expansion. Elevated ownership costs relative to incomes locally tend to sustain rental demand, while rent levels and rent-to-income indicate manageable affordability pressure that can aid retention and limit turnover volatility.
- Competitive neighborhood occupancy and daily-needs amenities support stable leasing
- 1976 vintage offers value-add potential through modernization and select capex
- 3-mile demographic growth expands the tenant base and supports demand
- Elevated ownership costs relative to income reinforce reliance on rentals
- Risks: below-average school ratings and limited current crime data warrant conservative underwriting