| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 63rd | Good |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 275 E Shasta Ave, Chico, CA, 95973, US |
| Region / Metro | Chico |
| Year of Construction | 1976 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
275 E Shasta Ave, Chico Multifamily Investment
The neighborhood s occupancy is above the metro median, signaling resilient renter demand and steadier income streams, according to WDSuite s CRE market data.
Positioned in an Inner Suburb pocket of Chico rated A , this location ranks 15th of 74 neighborhoods competitive among Chico submarkets for multifamily. Neighborhood occupancy trends are above the metro median (ranked 25 of 74), which typically supports fewer downtime gaps between turns and steadier collections at the property level.
Livability drivers are balanced: parks and open space access track in the upper national tier (around the 78th percentile), and childcare density is also strong (about the 84th percentile), while cafes and pharmacies are comparatively thin. Grocery and restaurant access sit near national mid-to-upper ranges. Average school ratings are around slightly above the national median (about the 61st percentile), a neutral plus for family renter retention.
Renter concentration in the neighborhood is just over half of occupied housing units (ranked 15 of 74 in the metro), indicating a deep tenant base for multifamily operators. The local rent-to-income ratio is near 0.20, a level that suggests manageable affordability pressure for lease retention and renewal strategies relative to many California markets.
Within a 3-mile radius, population and households have expanded over the last five years, and forecasts indicate additional growth ahead, with households projected to increase and average household size to edge lower. For investors, that points to a larger and diversifying renter pool and supports occupancy stability and leasing velocity. Elevated home values in the neighborhood (around the 80th national percentile) further sustain reliance on rental housing, reinforcing depth of demand for multifamily.
Safety metrics are mixed but improving. Relative to 74 Chico neighborhoods, this area sits below the metro median on safety (crime rank 47 of 74), and national comparisons place violent and property offenses below mid-percentiles. However, the past year shows a downward trend in both violent and property offense rates, with improvement tracking near national mid-percentiles a constructive directional signal for operators monitoring resident sentiment and retention.
The asset benefits from a competitive Inner Suburb location where neighborhood occupancy trends run above the metro median and renter concentration is high, supporting depth of demand for a 104 unit community. Livability attributes notably parks and childcare score well versus national peers, while grocery and dining access are solid, contributing to day to day convenience that helps underpin renewals. Elevated neighborhood home values relative to national norms bolster reliance on rental housing, a tailwind for leasing stability. Based on CRE market data from WDSuite, these fundamentals align with steady operations and measured pricing power.
Investor considerations include a balanced affordability profile (rent to income near 0.20) that supports retention without overextending tenants, and crime trends that, while still below metro averages for safety today, have improved year over year a factor to monitor alongside resident experience initiatives.
- Above metro median neighborhood occupancy supports stable leasing and collections
- Strong renter occupied share indicates a deep tenant base for multifamily
- Livability strengths (parks, childcare) enhance retention and renewal outcomes
- Elevated home values reinforce sustained demand for rental housing
- Risk: Safety sits below metro averages, though recent trends have improved