| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 62nd | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2071 Amanda Way, Chico, CA, 95928, US |
| Region / Metro | Chico |
| Year of Construction | 1994 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2071 Amanda Way Chico Multifamily Investment Opportunity
Renter-occupied housing is concentrated in this neighborhood, supporting a deeper tenant base and steady leasing, according to WDSuite’s CRE market data. Elevated ownership costs in Chico further sustain rental demand without relying on outsized rent growth.
Located in an Inner Suburb of Chico, this A+–rated neighborhood ranks 2nd among 74 metro neighborhoods, positioning it as competitive for multifamily investors. Amenity access is strong — cafes, restaurants, groceries, parks, and pharmacies all score in the top quartile nationally — which helps with resident retention and day-to-day livability.
The neighborhood’s renter-occupied share is in the top quartile among 74 metro neighborhoods and in a very high national percentile, signaling depth in the tenant pool and durable demand for apartments. At the same time, the area’s occupancy is closer to national medians, so properties compete on quality, management, and value rather than scarcity.
Construction vintage trends are slightly newer than the local average (1994 vs. early 1990s). For investors, this often means competitive positioning versus older stock, while still planning for aging systems and selective upgrades to sustain rentability and reduce near-term capital friction.
Within a 3-mile radius, population has grown in recent years and households have expanded faster than population, with average household size edging lower. This dynamic typically enlarges the renter pool and supports occupancy stability. Median contract rents sit above the metro median with steady five-year gains (based on commercial real estate analysis from WDSuite), while the rent-to-income profile suggests manageable affordability pressure — constructive for retention and lease management. Home values sit in a high national percentile relative to incomes, indicating a high-cost ownership market that tends to reinforce reliance on rental housing.
Safety indicators benchmark below national medians on WDSuite’s metrics, with property and violent offense measures in lower national percentiles compared with neighborhoods nationwide. Recent readings show property offense trends roughly flat year over year and violent offense experiencing a recent uptick. Investors typically address these dynamics with standard security measures, lighting, and resident engagement to support on-site conditions over the hold period.
Interpreting the data comparatively is key: these figures reflect broader neighborhood patterns rather than conditions at a specific property, and they can vary block to block. Monitoring trend direction and coordinating with professional management can help balance risk and operating costs.
2071 Amanda Way brings 72 units in a neighborhood with strong amenity access and a high concentration of renter-occupied housing, supporting a sizable tenant base. The 1994 vintage is slightly newer than local averages, offering competitive positioning versus older stock while still warranting targeted modernization to enhance durability and resident appeal. According to CRE market data from WDSuite, rents track above the metro median and the rent-to-income profile indicates manageable affordability pressure — a combination that can support occupancy stability and pricing discipline.
Households within a 3-mile radius have increased faster than population, with smaller household sizes pointing to more households entering the market — a constructive setup for multifamily demand and lease-up velocity. Counterbalancing factors include neighborhood safety percentiles that trail national medians and metro-wide occupancy closer to mid-range levels, which place a premium on asset quality, security practices, and proactive management.
- High renter concentration and top-quartile amenities support depth of tenant demand
- 1994 construction provides relative competitiveness with room for targeted upgrades
- Rents above the metro median with manageable rent-to-income aid retention
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: below-national safety percentiles and mid-range occupancy require strong management and security planning