| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 48th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1117 W Sacramento Ave, Chico, CA, 95926, US |
| Region / Metro | Chico |
| Year of Construction | 1990 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1117 W Sacramento Ave, Chico CA Multifamily Investment
High renter concentration in the surrounding neighborhood supports a deep tenant base; according to WDSuite’s CRE market data, elevated ownership costs in Chico reinforce sustained demand for well-located rentals.
Situated in Chico’s Urban Core, the property benefits from neighborhood fundamentals that are competitive among 74 metro neighborhoods, with an overall A- neighborhood rating and strong daily needs access. Grocery and pharmacy density rank in the top cohort locally (grocery and restaurants are in the metro’s top tier), which tends to support resident convenience and lease retention, while park and cafe density are comparatively limited.
Renter-occupied housing makes up a large share in this neighborhood (near the top of the metro and high nationally), indicating a broad renter pool and depth for multifamily demand. Neighborhood occupancy trends sit below the metro median but have improved in recent years, suggesting leasing conditions that are stabilizing rather than overheating.
Within a 3-mile radius, recent population and household growth point to a gradually expanding renter base, and projections indicate additional increases in both households and incomes by 2028. The area skews younger, with a sizeable 18–34 cohort, which typically supports steady apartment demand and turnover-driven leasing opportunities.
Home values in the neighborhood are elevated relative to national benchmarks, and the value-to-income ratio ranks among the highest locally. For investors, this high-cost ownership market tends to reinforce reliance on multifamily housing and can bolster pricing power; however, rent-to-income ratios also read high, implying potential affordability pressure that warrants deliberate lease management.
The asset’s 1990 vintage is newer than the neighborhood’s average construction year. That positioning can enhance competitiveness versus older stock, though investors should still evaluate targeted modernization and system updates to maintain appeal and operational reliability.
Safety indicators are mixed when compared across the 74 Chico metro neighborhoods and national peers. The neighborhood’s crime rank sits in the less favorable half of the metro, and national percentiles indicate below-average safety relative to U.S. neighborhoods overall. Property crime is the more prominent component, while recent estimates show a meaningful year-over-year improvement in violent offense rates, a constructive directional signal to monitor.
For underwriting, a practical approach is to account for elevated property-crime exposure with appropriate security measures and operating practices, while watching whether the recent improvement trend in violent offenses continues over subsequent data releases.
1117 W Sacramento Ave is a 23-unit asset with notably large average floor plans, positioning it to capture renter demand from a sizable young-adult cohort and roommate households. Based on CRE market data from WDSuite, the surrounding neighborhood shows high renter concentration and convenient access to daily needs retail, supporting a durable tenant base and day-to-day livability advantages that can aid retention.
Constructed in 1990, the property is newer than much of the local housing stock, offering relative competitiveness versus older assets while still presenting selective value-add and modernization opportunities. Elevated home values in the neighborhood support reliance on rentals, though high rent-to-income ratios signal affordability pressure that calls for careful lease and renewal strategies.
- High renter-occupied share nearby supports a deep tenant base and occupancy stability.
- 1990 vintage provides an edge over older stock with targeted modernization upside.
- Strong daily-needs access (grocers, pharmacies, restaurants) bolsters resident convenience and retention.
- Larger average unit sizes can appeal to the area’s sizable 18–34 renter segment.
- Risk: Elevated rent-to-income and below-median metro occupancy warrant conservative lease and expense planning.