| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 48th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Columbus Ave, Chico, CA, 95926, US |
| Region / Metro | Chico |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 Columbus Ave, Chico CA Multifamily Investment
Renter demand is supported by a high-cost ownership landscape and a deep renter-occupied base in the surrounding neighborhood, according to WDSuite’s CRE market data. Investors should focus on occupancy stability and lease management as pricing power and affordability pressures coexist.
Positioned in Chico’s Urban Core, the neighborhood ranks 16 out of 74 metro neighborhoods (top quartile) with an A- rating, signaling competitive fundamentals for small and mid-size multifamily assets. Neighborhood occupancy is around 88% and has improved over the last five years, suggesting steadier leasing conditions despite cyclical volatility.
Daily-needs access is a relative strength: grocery and pharmacy density sit near the top of the metro (both ranked within the top 10 of 74), and restaurant options are similarly abundant. By contrast, cafe and park density are limited within this neighborhood, which may slightly temper lifestyle appeal compared with higher-amenity urban peers.
Tenure patterns indicate a deep renter base: approximately three-quarters of neighborhood housing units are renter-occupied (ranked 3rd of 74; top percentile nationally). For investors, that renter concentration points to a broad tenant pool and potential retention stability, provided renewals are managed alongside measured rent growth.
Within a 3-mile radius, demographics show population growth in recent years and a substantial 18–34 cohort that helps sustain the renter pool. Households are projected to increase further through 2028, which can support occupancy and leasing velocity as more renters enter the market. Median contract rents in the neighborhood sit above many national peers, while median household incomes at the neighborhood level trail national medians; together with elevated home values (high-cost ownership market; top quintile nationally), this mix tends to reinforce reliance on rental housing.
The property’s 1984 vintage is slightly newer than the neighborhood’s average construction year (1979). That typically offers a competitive edge versus older stock, though systems are still of an age where targeted capital planning and selective renovations can unlock value and support rent positioning.
Safety metrics indicate this neighborhood performs below national averages, with crime measures closer to the higher end among Chico neighborhoods (ranked 58 out of 74). Nationally, the area sits in lower safety percentiles; however, recent trends show improvement in violent offense rates year over year, even as property offenses have ticked up. Investors should underwrite with standard precautions, monitor trendlines, and align security and lighting improvements with CapEx planning rather than relying on block-level assumptions.
1000 Columbus Ave is a 20‑unit asset with larger average floor plans that align with renter preferences for livability and renewal potential. The surrounding neighborhood is top quartile within the Chico metro, with improving occupancy and strong daily-needs access that supports leasing stability. Elevated home values in the area point to a high-cost ownership market, which can sustain multifamily demand, while a deep renter-occupied share expands the tenant base. Based on CRE market data from WDSuite, neighborhood-level per‑unit NOI performance and rent positioning compare favorably against many national peers, but affordability pressure warrants thoughtful lease management.
The 1984 vintage is slightly newer than local averages, offering relative competitiveness versus older buildings; targeted modernization and system upgrades can further differentiate the asset without overcapitalizing. Near-term risk centers on rent-to-income pressure and safety metrics that trail national benchmarks, suggesting conservative underwriting on rent growth and continued investment in resident experience.
- Top-quartile neighborhood within the Chico metro supports demand and leasing stability
- Deep renter-occupied base expands tenant pool and supports retention
- Larger average unit sizes enhance livability and renewal potential
- 1984 construction offers competitive position; targeted upgrades can drive value-add
- Risk: rent-to-income pressure and below-average safety call for conservative rent growth and proactive asset management