| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 48th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 710 Nord Ave, Chico, CA, 95926, US |
| Region / Metro | Chico |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2010-09-08 |
| Transaction Price | $2,050,000 |
| Buyer | ALVAREZ DESI |
| Seller | HUST BROS INC |
710 Nord Ave, Chico CA Multifamily Investment
Neighborhood data points to durable renter demand and a deep tenant base, according to WDSuite s CRE market data, with renter-occupied housing concentration well above the metro norm and amenity access that supports leasing stability.
The property sits in an Urban Core neighborhood rated A- among Chico F CA areas, ranking 16 out of 74 neighborhoods. That places it above the metro median, signaling relative strength for multifamily fundamentals compared with many local peers.
Renter-occupied share is high (ranked 3 of 74), indicating a sizable pool of tenants and depth for leasing. Neighborhood occupancy trends have been steady, with the area performing around the middle of the metro pack (46 of 74). For investors, this mix suggests a broad renter base supporting ongoing absorption, while day-to-day leasing execution remains important to maintain occupancy.
Within a 3-mile radius, demographics show population growth and an increase in total households over the past five years, with forecasts pointing to further household expansion. This implies a larger tenant base and more renters entering the market, which can support occupancy stability and renewal rates over time.
Amenity access favors daily needs, with grocery and pharmacy availability competitive among Chico neighborhoods (both ranking in the top decile metro-wide) and restaurant density also strong. Park and caf E distribution is thinner locally, which may modestly limit lifestyle appeal relative to the best amenity clusters. Home values sit on the higher side for the metro (above most U.S. neighborhoods), which tends to reinforce reliance on rental options and can support retention. At the same time, rent-to-income levels indicate some affordability pressure, so disciplined lease management and renewal strategies are prudent.
Vintage context: the neighborhood E2 80 99s average construction year skews to the late 1970s, while the subject E2 80 99s 1985 vintage is somewhat newer. That positioning can enhance competitiveness versus older stock; however, investors should still plan for targeted system updates and common-area refreshes to meet current renter expectations.
Safety trends are mixed when viewed against metro and national patterns. The neighborhood E2 80 99s crime rank sits in the lower half of Chico E2 80 99s 74 neighborhoods, indicating conditions that are below the metro average. Nationally, safety percentiles also place the area below typical U.S. neighborhoods.
Recent direction is constructive: violent offense estimates show a year-over-year decline, placing the neighborhood in a stronger improvement tier relative to many local areas. For investors, this trajectory is a favorable signal, though underwriting should still reflect the area E2 80 99s comparatively weaker standing today versus higher-ranked neighborhoods.
The broader Urban Core supports a renter base with access to employment across healthcare, education, public sector, and local services, offering commute convenience that can aid leasing stability.
Built in 1985, this 36-unit asset is slightly newer than the neighborhood E2 80 99s late-1970s average, offering a competitive position versus older stock while still benefiting from targeted modernization or value-add scope. A high renter-occupied housing share signals depth of demand, and daily-needs amenity access (grocery, pharmacy, and dining) supports resident retention. Elevated home values in the area tend to sustain reliance on rental housing, which can bolster occupancy durability even as affordability pressures call for careful renewal and pricing strategies.
Household and population growth within a 3-mile radius point to renter pool expansion over time, aligning with stable neighborhood-level occupancy. According to commercial real estate analysis from WDSuite, the submarket compares favorably within Chico on several investor-relevant measures, while safety sits below metro averages but has shown recent improvement E2 80 94a factor to underwrite rather than a thesis breaker.
- Large renter-occupied housing share supports demand depth and leasing continuity.
- 1985 vintage offers competitive positioning versus older stock with value-add potential through targeted upgrades.
- Strong daily-needs amenities nearby (grocery, pharmacy, dining) aid retention and occupancy stability.
- Growing households within 3 miles expand the tenant base over time.
- Risk: Below-metro safety standing and affordability pressure argue for prudent underwriting and renewal strategy.