| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 61st | Good |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2777 Eaton Rd, Chico, CA, 95973, US |
| Region / Metro | Chico |
| Year of Construction | 1991 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2777 Eaton Rd, Chico CA Multifamily Investment
Stabilized renter demand and above-median neighborhood occupancy suggest durable leasing fundamentals for a 120-unit asset in Chico, according to WDSuite’s CRE market data.
Located in an inner-suburban pocket of Chico, the neighborhood carries a B+ rating and ranks 24th of 74 metro neighborhoods — above the metro median — signaling competitive fundamentals for multifamily investors. Neighborhood occupancy is above the metro median (rank 27 of 74), supporting expectations for steady leasing and retention rather than heavy lease-up risk.
Amenity access is mixed: restaurant and grocery density rank 17th and 18th of 74, respectively, which is competitive among Chico neighborhoods and supports day-to-day renter convenience. However, parks, pharmacies, cafes, and childcare options rank near the bottom locally, so onsite offerings and property-level services may play a larger role in resident satisfaction.
The neighborhood’s renter-occupied share is above the metro median (rank 20 of 74), indicating a solid tenant base for multifamily product. Median contract rents and household incomes both sit above the metro median (ranks 26 of 74), and the rent-to-income profile tracks near national medians, suggesting manageable affordability pressure that can aid retention and reduce turnover exposure.
Within a 3-mile radius, population and household counts have expanded over the past five years, with smaller average household sizes projected ahead. This combination points to a larger renter pool and supports occupancy stability, a view grounded in commercial real estate analysis from WDSuite’s market dataset.
Safety indicators are mixed relative to peers. The neighborhood’s crime rank sits around the metro median (39th of 74), and national comparisons place it below the midpoint for safety. That said, recent trend data show improvement: estimated violent offense rates declined by roughly 36% year over year, a top-quartile improvement nationally, while property offense rates also eased.
Investors should underwrite with standard precautions — lighting, access control, and resident engagement — while recognizing that the direction of change has been favorable based on CRE market data from WDSuite.
Built in 1991, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still leaving room for targeted system updates and modernization. Local occupancy ranks above the metro median, and the renter-occupied share is also above median, pointing to depth in tenant demand. Elevated home values relative to national norms reinforce reliance on rental options, which can support pricing power and lease retention.
Within a 3-mile radius, population and households have grown, and projections indicate continued household expansion alongside smaller household sizes — conditions that typically expand the renter pool and support steady absorption. According to CRE market data from WDSuite, restaurant and grocery access is competitive locally, while softer park and pharmacy availability suggests property-level amenities may further differentiate the asset.
- 1991 vintage offers relative competitiveness versus older neighborhood stock, with potential value-add through selective renovations.
- Above-median neighborhood occupancy and renter concentration support leasing stability and tenant retention.
- Household and population growth within 3 miles expand the tenant base and support long-term demand.
- High-cost ownership context sustains rental demand, aiding pricing power in line with local incomes.
- Risks: amenity gaps (parks/pharmacies) and mixed safety relative to national medians require prudent operations and resident services.