| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 65th | Good |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1206 W Sacramento Ave, Chico, CA, 95926, US |
| Region / Metro | Chico |
| Year of Construction | 1977 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1206 W Sacramento Ave Chico Multifamily Investment
Neighborhood occupancy is competitive among Chico submarkets, supporting steady rent rolls according to WDSuite’s CRE market data. Elevated ownership costs nearby further sustain renter reliance on multifamily housing.
This suburban pocket of Chico carries a B+ neighborhood rating and performs competitively among 74 metro neighborhoods, with occupancy trends that sit above the metro median and indicate stable leasing conditions for larger garden assets. Median contract rents in the neighborhood have outpaced many peer areas over the last five years, while rent-to-income levels remain manageable, aiding retention and reducing turnover risk for operators.
Stock in this area skews older than the subject’s 1977 vintage (neighborhood average year built is 1969), giving the property relatively newer positioning versus much of the surrounding inventory. That can translate into better competitiveness versus older peers, though investors should still evaluate systems and common-area modernization for durable performance.
Renter-occupied housing represents a meaningful share of units in the immediate neighborhood, indicating a viable tenant base for multifamily. Within a 3-mile radius, demographics point to renter pool expansion: population and household counts have grown over the past five years and are projected to continue rising, even as average household size trends down — a pattern that typically broadens demand for professionally managed rental units and supports occupancy stability. These dynamics align with commercial real estate analysis showing consistent absorption in renter-heavy nodes.
Local convenience access is solid for daily needs, with grocery availability ranking above the metro median and in the upper tiers nationally. Restaurants are present at a moderate density, though cafes, parks, and pharmacies are more limited within the immediate blocks, so residents may rely on short drives for certain amenities. Average school ratings in the area sit modestly above national medians, providing a baseline appeal for households without commanding a distinct premium.
Home values in the neighborhood rank in a high national percentile, signaling a high-cost ownership market. For multifamily investors, that backdrop tends to reinforce rental demand, support lease retention, and provide some pricing power through cycles, particularly when paired with neighborhood occupancy that is competitive among Chico neighborhoods.
Safety indicators for the neighborhood track close to the Chico metro middle, while trailing national averages. Property crime benchmarks sit below national medians, and violent incident metrics are also below national medians; however, recent trends show improvement in violent incidents over the last year. Investors should underwrite routine security measures and lighting, and compare loss runs to peer assets rather than assuming block-level conditions.
The asset at 1206 W Sacramento Ave benefits from neighborhood occupancy that is competitive among 74 Chico neighborhoods and a high-cost ownership backdrop that helps sustain rental demand. According to CRE market data from WDSuite, local rent levels have risen over the past five years while rent-to-income remains manageable, supporting retention and revenue durability for a 121-unit property.
Constructed in 1977, the property is newer than much of the surrounding stock, offering relative competitiveness versus older assets while still warranting targeted system upgrades and amenity refreshes to capture value-add upside. Within a 3-mile radius, population and households have increased and are forecast to continue growing, broadening the tenant base and supporting occupancy stability through the hold.
- Competitive neighborhood occupancy supports stable rent rolls
- High-cost ownership market reinforces depth of renter demand
- 1977 vintage is newer than area average, with value-add modernization potential
- 3-mile population and household growth expands the tenant base and supports leasing
- Risks: amenity gaps in immediate blocks and safety metrics below national medians warrant prudent operations