| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 48th | Fair |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2801 Cohasset Rd, Chico, CA, 95973, US |
| Region / Metro | Chico |
| Year of Construction | 1985 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2801 Cohasset Road Chico Multifamily Investment
This 93-unit property built in 1985 positions investors in a neighborhood ranking 18th among 74 metro neighborhoods with strong retail amenities and above-average net operating income per unit of $11,684, according to CRE market data from WDSuite.
The property sits in an A- rated inner suburb neighborhood that ranks 18th among 74 Chico metro neighborhoods, placing it in the top quartile for overall investment fundamentals. With 51.4% of housing units occupied by renters (89th national percentile), the area demonstrates strong rental housing demand that supports multifamily property performance.
Built in 1985, the property aligns with the neighborhood's average construction year of 1977, indicating potential value-add opportunities through strategic renovations and modernization. The area benefits from exceptional retail density, ranking 1st metro-wide for grocery stores per square mile and 6th for restaurants, creating attractive amenities that enhance tenant retention and leasing appeal.
Demographics within a 3-mile radius show a stable tenant base with 75,378 residents and median household income of $71,233. The area's 53.9% renter-occupied housing share supports sustained rental demand, while contract rents averaging $1,233 provide competitive pricing power. Population growth of 9.7% over the past five years, coupled with projected 5.7% growth through 2028, indicates an expanding renter pool that supports occupancy stability.
Neighborhood-level occupancy of 91.6% reflects solid fundamentals, though investors should monitor the rent-to-income ratio of 0.21, which ranks in the bottom quartile nationally and may indicate affordability pressures that require careful lease management and retention strategies.
Safety metrics present mixed signals requiring investor attention. Property crime rates of 671 incidents per 100,000 residents rank 53rd among 74 metro neighborhoods (31st national percentile), indicating above-average property crime levels compared to national standards. However, property crime has declined 6.1% year-over-year, suggesting improving trends.
Violent crime rates of 222 incidents per 100,000 residents rank 62nd among 74 neighborhoods (19th national percentile), placing the area in the bottom quartile nationally for violent crime. Investors should factor these safety considerations into property management strategies, security measures, and tenant screening processes when evaluating this investment opportunity.
Employment data for nearby anchor employers is not available in the current dataset. Investors should conduct additional due diligence on local employment centers and major employers within commuting distance to assess workforce stability and tenant demand drivers.
This 93-unit Chico property offers compelling fundamentals through its position in a top-quartile neighborhood with exceptional retail amenities and strong rental housing demand. The 51.4% renter-occupied housing share (89th national percentile) demonstrates sustained multifamily demand, while the area's $11,684 average NOI per unit ranks 2nd metro-wide (87th national percentile), indicating strong revenue potential relative to comparable properties.
Built in 1985, the property presents value-add opportunities through strategic renovations that can capture upside in a market with growing demographics and stable occupancy fundamentals. Population growth of 9.7% over five years, combined with projected continued expansion through 2028, supports an expanding tenant base that underpins long-term occupancy stability.
- Top quartile neighborhood ranking (18th of 74) with A- investment grade rating
- Exceptional retail amenities ranking 1st metro-wide for grocery density
- Strong rental demand with 51.4% renter-occupied housing (89th national percentile)
- Above-average NOI potential at $11,684 per unit (2nd metro ranking)
- Safety considerations require enhanced security planning and management oversight