| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 61st | Good |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1749 Eaton Rd, Chico, CA, 95973, US |
| Region / Metro | Chico |
| Year of Construction | 1991 |
| Units | 76 |
| Transaction Date | 2022-11-08 |
| Transaction Price | $11,385,000 |
| Buyer | FOOTHILL MANOR CHICO LLC |
| Seller | BUUCK INVESTMENTS LLC |
1749 Eaton Rd Chico Multifamily Investment
This 76-unit property offers stable neighborhood-level occupancy at 93.6% in a market showing strong rental demand. The 43.6% renter-occupied housing share supports multifamily fundamentals in Chico's inner suburban environment.
This 1991-built property sits in an inner suburban neighborhood rated B+ among 74 Chico metro neighborhoods. The construction year aligns with investor expectations for moderate capital expenditure planning while providing stable operational characteristics. Neighborhood-level occupancy holds at 93.6%, ranking in the top half among metro areas and indicating consistent tenant retention.
The area maintains 43.6% renter-occupied housing units, ranking in the top quartile nationally for rental demand depth. According to CRE market data from WDSuite, median contract rents reached $1,173 with 29.5% growth over five years, reflecting sustained pricing power. The rent-to-income ratio of 0.16 suggests manageable affordability for tenant retention and lease renewals.
Demographics within a 3-mile radius show 56,849 residents with projected population growth to 58,492 by 2028. Household formation trends support rental demand, with the area maintaining 48.3% renter-occupied units and median household income of $76,411. Home values at $415,956 with 41.7% five-year appreciation reinforce rental demand as elevated ownership costs sustain multifamily housing reliance.
Local amenities include 1.02 grocery stores per square mile, ranking in the top quartile nationally, and 3.05 restaurants per square mile, supporting tenant appeal. School ratings average 2.7 out of 5, typical for suburban multifamily markets focused on workforce housing rather than family-oriented properties.
The neighborhood ranks 39th among 74 metro neighborhoods for overall crime metrics, placing it near the metro median with a 45th national percentile. Property offense rates of 722 per 100,000 residents declined 5.8% over the past year, indicating improving conditions for tenant retention and property management.
Violent crime rates at 115 per 100,000 residents show significant improvement with a 36% year-over-year decline, ranking 9th among metro neighborhoods for crime reduction trends. This places the area in the 78th national percentile for violent crime improvement, suggesting strengthening fundamentals for long-term occupancy stability.
Employment data for major anchor employers within commutable distance of this property is not available in the current dataset. Investors should conduct independent research on local employment centers and workforce housing demand drivers in the Chico market.
This 76-unit property built in 1991 presents stable operational fundamentals in a neighborhood demonstrating above-average rental demand metrics. The 43.6% renter-occupied housing share ranks in the top quartile nationally, while neighborhood-level occupancy at 93.6% indicates consistent tenant retention. Five-year rent growth of 29.5% reflects sustained pricing power, supported by home values that reinforce rental demand as ownership costs remain elevated.
Demographics within a 3-mile radius project population growth to 58,492 residents by 2028, expanding the potential tenant base. The construction vintage requires moderate capital planning while providing stable cash flow characteristics typical of early 1990s multifamily assets. Crime trends show meaningful improvement with violent offenses declining 36% year-over-year, supporting long-term occupancy stability.
- Neighborhood occupancy at 93.6% demonstrates tenant retention strength
- Top quartile rental demand with 43.6% renter-occupied housing units
- Projected population growth supports expanding tenant base
- 1991 construction year requires capital expenditure planning for value-add potential
- Limited employer data requires independent workforce housing demand analysis