| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 19th | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1848 Turpen St, Olivehurst, CA, 95961, US |
| Region / Metro | Olivehurst |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1988-Built 1848 Turpen St Olivehurst 32-Unit Multifamily
Neighborhood occupancy is in the low 90s with a majority of housing units renter-occupied, supporting steady tenant demand, according to CRE market data from WDSuite.
The property sits in an Inner Suburb location that ranks 12 out of 56 within the Yuba City metro — competitive among Yuba City neighborhoods and in the top quartile locally. Amenity access is a relative strength: grocery and pharmacy density are among the best in the metro and test in the top quartile nationally, helping with day-to-day convenience for residents and leasing appeal.
At the neighborhood level, an estimated occupancy rate around 93% suggests stable performance by national standards, though not top-tier within the metro. Renter concentration is about half of housing units, indicating a meaningful renter-occupied base that supports multifamily absorption and renewal depth. Median contract rents benchmark near the U.S. middle, and a rent-to-income profile around one-fifth points to manageable affordability pressure that can aid retention and lease management.
Construction trends favor this asset’s relative positioning: the area’s average vintage skews older (mid-1960s), while this property was built in 1988, which can be competitive against older stock; investors should still plan for targeted system updates and modernization where needed to sustain performance. School ratings in the broader area trend on the lower side, which may require careful family-oriented leasing strategy, and limited park access locally may modestly affect lifestyle appeal for some renters.
Within a 3-mile radius, population and household counts have been growing and are projected to continue expanding, pointing to a larger tenant base over the medium term. Home values trend moderate for California, which can introduce some competition from ownership options, but overall pricing still helps sustain reliance on rental housing for a sizable share of households.
Comparable neighborhood safety metrics are not fully reported in WDSuite for this area. Investors typically benchmark conditions using city and county public safety dashboards and recent trend reports, and pair that with on-site observations and property-level measures (lighting, access control) to support resident comfort and retention.
Regional employment anchors within commuting range include logistics, healthcare administration, manufacturing, and technology operations, which can support workforce renter demand and lease stability. The following nearby employers illustrate the base:
- Cardinal Health — healthcare distribution (34.8 miles)
- Xerox State Healthcare — healthcare administration (35.0 miles)
- International Paper — paper & packaging (36.5 miles)
- Intel Folsom FM5 — semiconductor operations (37.4 miles)
- DISH Network Distribution Center — distribution (40.0 miles)
Built in 1988 with 32 units, this asset offers relative vintage advantages versus an area where much of the stock is older, positioning it competitively while leaving room for targeted value-add through systems updates and interior refresh. Neighborhood occupancy trends near national norms and a renter-occupied share around half of units indicate a durable tenant base; according to CRE market data from WDSuite, amenity access is a local strength that can aid leasing velocity.
Within a 3-mile radius, ongoing growth in population and households points to a larger renter pool over time, supporting demand durability. Ownership costs are moderate for California, which can create some competition from for-sale options, but income mix and renter concentration continue to underpin multifamily demand in this submarket.
- 1988 construction offers competitive positioning versus older neighborhood stock, with clear paths for selective upgrades
- Neighborhood occupancy near national norms and substantial renter concentration support demand stability
- Strong access to daily amenities (grocery, pharmacy) supports leasing and retention
- 3-mile radius shows continued population and household expansion, enlarging the tenant base
- Risks: lower school ratings and limited park access locally; plan for family-oriented leasing and property-level enhancements