| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 16th | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6023 College View Dr, Marysville, CA, 95901, US |
| Region / Metro | Marysville |
| Year of Construction | 1999 |
| Units | 103 |
| Transaction Date | 2016-11-28 |
| Transaction Price | $4,050,000 |
| Buyer | EAST LINDA GARDENS LP |
| Seller | 103 EAST LINDA GARDENS LP |
6023 College View Dr Marysville Multifamily Investment
Neighborhood occupancy has been resilient and supportive of leasing stability, according to WDSuite’s CRE market data. This location favors working households seeking value options relative to ownership, offering scope for steady operations.
The property sits in an Inner Suburb setting of the Yuba City, CA metro with a neighborhood rating of C-. Neighborhood occupancy performance ranks at the top of the metro’s 56 neighborhoods, signaling solid renter demand at the neighborhood level rather than the building itself. Renter-occupied housing shows a competitive concentration among Yuba City neighborhoods (ranked 5 out of 56), which deepens the prospective tenant base and can support retention through cycles.
Daily needs are serviceable: grocery access is comparatively strong within the neighborhood, while cafes, parks, childcare, and pharmacies are limited. Restaurant density is above many peer areas in the metro. For investors, this mix suggests practical convenience for residents with fewer discretionary amenities immediately nearby, a factor to weigh in marketing and renewal strategy.
The local housing stock skews older (average 1962), while this asset’s 1999 construction provides a relative competitive edge versus much of the neighborhood. That vintage can reduce immediate heavy-capex exposure compared with mid‑century stock, while still leaving room for targeted modernization of interiors and building systems to elevate positioning.
Within a 3‑mile radius, population and household counts have been expanding and are projected to continue growing, indicating a larger tenant base over the next cycle. Median home values in the neighborhood sit in a higher national percentile relative to local incomes, reflecting a high‑cost ownership market that tends to sustain rental demand and support lease retention. Rent-to-income levels align with manageable affordability for many renters, which can aid pricing power without overextending residents.
Comparable, property‑level crime statistics are not available in this dataset. Neighborhood crime rankings were not reported for this area, so investors should benchmark against city and county trend sources to understand safety in context of the wider Yuba City region. When data is available, evaluate multi‑year directionality and how it compares with regional norms rather than single‑year snapshots.
Regional employment is anchored by corporate and distribution operations within commuting range, supporting a workforce renter profile and lease stability for residents who value drive-to employment centers. The list below highlights representative nearby employers within the commuter shed.
- Cardinal Health — corporate offices (37.0 miles)
- Xerox State Healthcare — corporate offices (37.3 miles)
- International Paper — corporate offices (38.8 miles)
- Intel Folsom FM5 — corporate offices (38.9 miles)
- DISH Network Distribution Center — distribution (42.1 miles)
This 103‑unit, 1999‑built asset benefits from a neighborhood with strong renter orientation and metro‑leading occupancy performance at the neighborhood level. Based on CRE market data from WDSuite, elevated ownership costs in the neighborhood relative to incomes reinforce reliance on multifamily, while rent‑to‑income levels indicate room for disciplined rent growth tied to operational value creation.
Within a 3‑mile radius, recent population growth and projected increases in both households and incomes point to a larger renter pool over the next five years, supporting occupancy stability and renewal potential. The property’s late‑1990s vintage is competitively newer than much of the surrounding housing stock, suggesting manageable near‑term capital exposure with selective upgrades to drive positioning.
- Renter concentration competitive among Yuba City neighborhoods supports depth of tenant demand and renewals.
- Neighborhood occupancy performance sits at the top of the metro, aiding leasing stability through cycles.
- 1999 vintage offers relative advantage versus older local stock, with selective modernization to capture upside.
- High‑cost ownership landscape reinforces renter reliance on multifamily, supporting pricing power with careful lease management.
- Risks: fewer nearby discretionary amenities and lower school ratings may influence marketing strategy and retention; commuting to major employers is regional rather than hyper‑local.