| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 32nd | Poor |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 755 E 20th St, Chico, CA, 95928, US |
| Region / Metro | Chico |
| Year of Construction | 1989 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
755 E 20th St, Chico CA Multifamily Investment
High renter concentration in the immediate neighborhood supports a durable tenant base, while current neighborhood occupancy trends signal the need for hands-on leasing strategy, according to WDSuite’s CRE market data.
This Inner Suburb neighborhood carries a B rating and ranks 30 out of 74 within the Chico metro, placing it above the metro median for overall fundamentals. Amenity access is competitive among Chico neighborhoods (ranked 11 of 74), with cafes, groceries, and restaurants scoring above national norms. However, neighborhood-level park and pharmacy access is limited, which can influence resident preferences and micro-location marketing.
For investors, the neighborhood s renter-occupied share is elevated, indicating a deeper pool of multifamily demand and potential for stable leasing. By contrast, neighborhood occupancy currently trails the metro median, suggesting that effective management, targeted concessions, and renewals strategy may be required to sustain occupancy stability.
Home values in the neighborhood are elevated relative to local incomes (high value-to-income ratio nationally), which typically reinforces reliance on rental housing and can support pricing power when paired with measured rent-to-income levels. At the same time, average school ratings in the area trend below national norms; for multifamily, this tends to steer demand toward value-focused and student/young professional renter segments rather than family-oriented positioning.
Within a 3-mile radius, recent years show modest population growth alongside a faster increase in households and smaller average household size. This combination points to a larger renter pool and supports demand for apartments oriented to smaller households, which can improve lease-up velocity and renewal prospects.
Relative to neighborhoods nationwide, this area sits below average on safety metrics, and within the Chico metro it ranks in the lower half (55 of 74). That said, both property and violent offense rates have eased year over year, indicating incremental improvement rather than deterioration.
Investors should frame safety in comparative terms at the neighborhood level, monitor trend direction, and incorporate standard measures (lighting, access controls, resident engagement) to support retention and leasing performance.
Built in 1989, this 36-unit asset is newer than much of the neighborhood s 1950s-era housing stock, offering relative competitiveness versus older properties while still benefiting from selective modernization to drive rent premiums and operating efficiency. High renter concentration locally supports depth of demand, and elevated ownership costs in the area tend to sustain reliance on rentals. According to CRE market data from WDSuite, neighborhood occupancy trends are currently softer, so underwriting should assume active lease management to maintain stability.
At the metro scale, amenity access is a strength, while limited park and pharmacy access and below-average school ratings shape the target renter profile toward students and workforce households. Within a 3-mile radius, growth in households and a declining average household size point to ongoing renter pool expansion, which can aid renewals and reduce downtime when paired with competitive positioning.
- 1989 vintage is newer than nearby stock, with value-add upside via targeted renovations and system updates.
- Elevated renter-occupied share supports a deeper tenant base and potential leasing durability.
- High-cost ownership market reinforces rental demand and can support pricing power when managed against rent-to-income levels.
- Household growth within 3 miles and smaller household sizes expand the renter pool, aiding occupancy stability.
- Risks: neighborhood occupancy below metro median and below-average safety/schools require active leasing, security, and asset positioning.