| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 35th | Fair |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 Ellis Lake Dr, Marysville, CA, 95901, US |
| Region / Metro | Marysville |
| Year of Construction | 1985 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1700 Ellis Lake Dr Marysville Multifamily Near Stable Demand
Neighborhood fundamentals indicate a large renter base and steady occupancy, according to WDSuite’s CRE market data, supporting durable leasing for a 1985, 60-unit asset.
The property sits in an Inner Suburb neighborhood of Marysville that ranks A+ within the Yuba City, CA metro (2 of 56), signaling strong livability for workforce renters. Grocery, dining, and daily-needs access are strengths: grocery and restaurant density place the area in the top decile nationally, and pharmacies and parks track well above average. This convenience profile supports day-to-day renter satisfaction and renewal prospects.
Renter concentration is high at the neighborhood level (about two-thirds of housing units are renter-occupied), which indicates depth of the tenant base and supports absorption for multifamily. Neighborhood occupancy is roughly in line with national norms (around the low-90s), suggesting broadly stable operations rather than outsized vacancy risk. Median school ratings trend modest (around 3 out of 5) but above the national midpoint, adequate for a workforce-oriented renter mix.
Within a 3-mile radius, demographics point to a growing renter pool: population and households have expanded over the last five years, and WDSuite’s projections anticipate further household growth through 2028 alongside a slight reduction in average household size. That combination typically supports multifamily demand by widening the tenant base and sustaining occupancy. Median contract rents in the 3-mile area have risen over recent years, consistent with continued renter demand, according to WDSuite’s multifamily property research.
Ownership costs in the neighborhood context are elevated relative to incomes (value-to-income measures rank high nationally), which often sustains renter reliance on multifamily housing and can bolster lease retention. At the same time, rent-to-income ratios suggest some affordability pressure; prudent lease management and amenity-to-rent positioning remain important for retention.
Safety indicators compare favorably at a national level: neighborhood measures sit roughly in the top third to top quartile of U.S. neighborhoods for lower violent and property offense rates. That positioning is competitive among Yuba City–area neighborhoods and supports renter appeal and leasing stability.
Year-to-year swings can occur at the neighborhood level, so investors should monitor local trendlines and public sources alongside WDSuite’s data for an updated view. Street-level conditions may vary within small areas, and underwriting should reflect that nuance.
Regional employment access is anchored by distribution, healthcare, paper/packaging, and technology operations within commuting range, supporting workforce housing demand and retention for renters employed across these corridors.
- Xerox State Healthcare — healthcare services (39.0 miles)
- Cardinal Health — healthcare distribution (39.1 miles)
- International Paper — paper & packaging (40.6 miles)
- Intel Folsom FM5 — semiconductor offices (42.0 miles)
- DISH Network Distribution Center — logistics & distribution (44.4 miles)
1700 Ellis Lake Dr was built in 1985, newer than much of the local housing stock, which skews mid-century. That vintage can offer a competitive position versus older comparables while still presenting value-add potential via interior updates and targeted system modernization. Neighborhood-level occupancy sits near national norms and renter concentration is high, supporting demand depth and leasing durability. According to CRE market data from WDSuite, the area benefits from strong everyday amenities and a high national standing for grocery and dining access, reinforcing livability for renters.
Within a 3-mile radius, recent population and household growth, alongside projected household increases and a modest reduction in average household size, point to a larger tenant base over time. Elevated ownership costs relative to incomes in the neighborhood context help sustain renter reliance on multifamily, though rent-to-income levels suggest careful rent setting and renewal strategies are prudent to manage affordability pressure.
- High renter-occupied share supports a deep tenant base and absorption
- Amenity-rich location (grocery, dining, pharmacies, parks) bolsters retention
- 1985 vintage offers relative competitiveness with clear value-add pathways
- 3-mile area shows past growth and projected household gains, supporting occupancy
- Risk: affordability pressure warrants disciplined rent setting and renewal management