| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 35th | Fair |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5944 Park Ave, Marysville, CA, 95901, US |
| Region / Metro | Marysville |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2003-05-23 |
| Transaction Price | $622,000 |
| Buyer | CRP PROPERTIES INC |
| Seller | KAY MURRAY A |
5944 Park Ave, Marysville CA Multifamily Investment
Situated in an A+ rated neighborhood within the Yuba City metro, this 24-unit asset benefits from a deep renter base and steady neighborhood occupancy, according to WDSuite’s CRE market data.
The property sits in a Marysville inner-suburb location that ranks among the top tier of the Yuba City, CA metro (2 of 56 neighborhoods), reflecting balanced livability and services. Neighborhood occupancy is in the low-90% range; this is a neighborhood-level metric, not the property’s performance, and it points to generally stable leasing conditions for comparable assets.
Amenity access is competitive among Yuba City neighborhoods. Grocery options (high national percentile), restaurants, parks, and pharmacies all score well, supporting day-to-day convenience and renter retention. Average school ratings trend above the national median, which can aid family-oriented demand.
The housing stock locally skews older (average vintage 1949), while this asset’s 1977 construction is newer than the neighborhood norm. Investors should assume typical late-1970s systems and finishes—positioning for selective renovations or modernization can improve competitive standing against both legacy stock and renovated peers.
Renter concentration is high at the neighborhood level (share of housing units that are renter-occupied), placing the area in the top decile nationally. For multifamily owners, that indicates a broad tenant base and consistent demand for professionally managed rentals. Median home values are elevated relative to incomes locally, which tends to sustain reliance on rental housing and supports lease-up and renewal dynamics.
Within a 3-mile radius, population and household counts have grown in recent years with further growth forecast, expanding the local renter pool. Rising household incomes in the same radius also support effective rents over time, though lease management should stay attentive to affordability thresholds and renewal pricing.
Safety indicators trend favorable versus national benchmarks. Neighborhood violent-offense measures sit in the upper quartile nationally, and recent year-over-year trends show improvement. Property-related offenses are also in a comparatively favorable national percentile, though recent data indicates some uptick—owners should apply standard property security and lighting best practices.
Comparisons are at the neighborhood scale rather than the property itself, and conditions can vary block to block. Monitoring local reports and maintaining proactive on-site measures typically supports resident satisfaction and retention.
Regional employment nodes within commute range help underpin renter demand, particularly for workforce and operations roles. Notable corporate offices and facilities nearby include the following, which collectively broaden the employment base accessible to residents.
- Cardinal Health — corporate offices (36.9 miles)
- Xerox State Healthcare — corporate offices (37.0 miles)
- International Paper — corporate offices (38.6 miles)
- Intel Folsom FM5 — corporate offices (39.4 miles)
- DISH Network Distribution Center — corporate offices (42.1 miles)
This 24-unit, 1977-vintage property aligns with a renter-heavy Marysville submarket where neighborhood occupancy is stable and amenity access is competitive metro-wide. The asset is newer than the local average vintage, offering potential to capture value through targeted renovations and system updates while competing effectively against older stock. Elevated ownership costs relative to incomes in the neighborhood reinforce ongoing reliance on multifamily rentals, supporting leasing durability and retention.
Within a 3-mile radius, population and households have expanded with additional growth forecast—an indicator of renter pool expansion that supports occupancy and pricing over the hold period. According to CRE market data from WDSuite, the neighborhood’s renter concentration and steady occupancy create a consistent demand backdrop; prudent underwriting should still account for affordability pressure and routine capital planning associated with late-1970s construction.
- Renter-heavy neighborhood supports depth of tenant demand and leasing stability
- 1977 vintage offers value-add potential via unit and system modernization
- Competitive amenity access and above-median school ratings aid retention
- 3-mile population and household growth signal a larger renter pool over time
- Risks: affordability pressure and age-related capex; maintain disciplined rent steps and reserves