| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 62nd | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1290 Notre Dame Blvd, Chico, CA, 95928, US |
| Region / Metro | Chico |
| Year of Construction | 2007 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1290 Notre Dame Blvd Chico Multifamily Investment
Inner-suburban location with a deep renter base and solid amenity access supports leasing durability, according to WDSuite’s CRE market data. Neighborhood occupancy figures reflect area trends rather than the property, with renter demand reinforced by a high-cost ownership market.
Situated in Chico’s inner suburbs, the area scores A+ at the neighborhood level (ranked 2 out of 74 metro neighborhoods), signaling strong fundamentals relative to the region. Amenity density is a clear advantage: cafes and restaurants rank competitively among Chico neighborhoods and land in top quartile nationally, helping sustain renter appeal and day-to-day convenience for residents.
Construction year for the property is 2007, newer than the neighborhood’s average 1991 vintage. That positioning typically supports competitive appeal versus older stock while still warranting routine system upgrades over a hold period—an important consideration for capital planning.
Renter-occupied share in the neighborhood is high (occupancy renter concentration at 59.1%), placing it in a strong national percentile. For investors, that indicates a sizable tenant base and generally steady demand for multifamily product. Neighborhood occupancy is measured for the area, not the property; current readings sit near the metro middle and below national median, suggesting that hands-on leasing and renewal management can add value.
Within a 3-mile radius, households have grown over the past five years with population also expanding, and forecasts show more households even as average household size trends lower. This points to a larger pool of leaseholders over time and supports occupancy stability. Average school ratings sit above the national midpoint for the neighborhood, which can aid retention for family renters. Grocery, pharmacy, parks, and childcare access rank above metro median and in higher national percentiles, reinforcing daily-living convenience.
Ownership costs are elevated relative to incomes in the neighborhood (high national percentile for value-to-income), which tends to sustain reliance on rental housing and can support pricing power. Rent-to-income sits closer to the national low end, indicating manageable affordability pressure that may aid retention and reduce turnover risk.
Safety indicators for the neighborhood trail national norms, with rankings placing it below many Chico sub-areas and below the national median. Specifically, the area’s crime rank is toward the higher end (66 out of 74 metro neighborhoods), which translates to comparatively higher incident rates than much of the metro and below-average safety relative to neighborhoods nationwide.
For investors, the takeaway is to underwrite with pragmatic assumptions on security measures and tenant communication, and to monitor trend direction over time rather than relying on block-level conclusions. Improvements in property-level operations—lighting, access control, and responsive management—can help mitigate risk and support leasing.
An 86-unit, 2007-vintage asset in an inner-suburban A+ neighborhood positions this property competitively versus older local stock. The area exhibits strong amenity access, a high renter-occupied share indicating depth of demand, and neighborhood occupancy that sits around the metro middle. Based on commercial real estate analysis from WDSuite, elevated ownership costs in the neighborhood support renter reliance, while a 3-mile view shows growth in households and a trend toward smaller household sizes, which can expand the tenant base over time.
Investors should plan for routine building system updates consistent with a mid-2000s vintage and underwrite thoughtful leasing strategies given neighborhood-level occupancy and safety readings. Overall, the mix of renter demand, amenity convenience, and competitive vintage supports a durable long-term thesis with measured operational execution.
- 2007 vintage offers competitive positioning versus older stock, with manageable capital planning needs
- High renter-occupied share signals a deep tenant base and supports leasing stability
- Amenity-rich inner-suburban location aids retention and day-to-day convenience
- Household growth within 3 miles and smaller household sizes point to more leaseholders over time
- Risks: below-national safety benchmarks and neighborhood occupancy near metro middle require active management