| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 62nd | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2060 Amanda Way, Chico, CA, 95928, US |
| Region / Metro | Chico |
| Year of Construction | 1991 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2060 Amanda Way, Chico CA Multifamily Investment
Renter demand is supported by a high neighborhood share of renter-occupied units and strong daily-needs amenities, according to WDSuite’s CRE market data. Neighborhood occupancy refers to the surrounding area, not this property.
This inner-suburb location ranks competitively for lifestyle access and daily needs, with cafés, restaurants, groceries, parks, and pharmacies concentrated at levels that are top quartile nationally. Within the Chico metro’s 74 neighborhoods, amenity access is among the stronger showings (ranked 4 of 74), which helps support leasing velocity and retention for multifamily assets.
Neighborhood rental fundamentals are mixed but investable: the surrounding area’s occupancy is in the middle of the national pack, while the renter-occupied share of housing units is elevated (59.1%). For investors, that renter concentration indicates a deeper tenant base and steadier multifamily demand at the neighborhood level.
Within a 3-mile radius, households have expanded over the last five years and are projected to continue increasing even as average household size trends lower. That combination points to a larger number of households and a broader renter pool over time, supporting occupancy stability and everyday leasing demand.
Home values in the neighborhood sit on the higher side for the metro (nationally high value-to-income ratio), which in practice sustains reliance on rental housing and can support pricing power for well-maintained multifamily properties. Average school ratings in the neighborhood are above the national median, which can aid resident retention among households prioritizing education.
Safety conditions in the surrounding neighborhood trend below national medians, with crime metrics ranking in the lower half nationally. Within the Chico metro’s 74 neighborhoods, the area’s safety rank sits below the metro average, indicating investors should underwrite with prudent security and operating assumptions.
Recent patterns show property incidents holding approximately flat year over year, while violent incidents have experienced an uptick. Framed appropriately, this suggests a need for active management (lighting, access control, and resident engagement) rather than a disqualifying risk, and should be weighed against the location’s renter demand and amenity access.
The area draws renter demand from a mix of education, healthcare, retail, and local services employment, supporting workforce housing dynamics and commute convenience. Specific nearby employers with verifiable distances were not available in WDSuite for listing.
2060 Amanda Way offers investors a well-located multifamily asset in an inner-suburb pocket with strong amenity access and an elevated share of renter-occupied housing units in the surrounding neighborhood. Based on commercial real estate analysis from WDSuite, neighborhood occupancy is mid-range while renter concentration and household growth within a 3-mile radius point to durable tenant demand and steady leasing.
Locally competitive amenity density, above-median neighborhood school ratings, and a high-cost ownership landscape (relative value-to-income) collectively reinforce renter reliance on multifamily housing. Investors should note below-median safety metrics and manage for affordability pressure, but the broader setup supports long-term income durability with selective operational focus.
- Elevated neighborhood renter concentration supports a deeper tenant base and leasing stability.
- Top-quartile amenity access and above-median school ratings enhance retention and property competitiveness.
- High-cost ownership context sustains rental demand and can support pricing power for well-maintained units.
- Household growth within 3 miles and smaller household sizes expand the renter pool over time.
- Risks: below-median neighborhood safety and moderate affordability pressure require active management and underwriting discipline.