| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 66th | Best |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1368 Garnet Ln, Paradise, CA, 95969, US |
| Region / Metro | Paradise |
| Year of Construction | 1974 |
| Units | 78 |
| Transaction Date | 2006-05-16 |
| Transaction Price | $3,325,000 |
| Buyer | Robert Rolland and/or assignee |
| Seller | Wilson, Taylor Family Tr |
1368 Garnet Ln, Paradise CA Multifamily Investment
Stabilization and renter demand hinge on neighborhood fundamentals that are improving in parts of Paradise, according to WDSuite s CRE market data. The submarket s high-cost ownership profile supports sustained interest in rentals, but current neighborhood occupancy levels suggest active leasing and retention management will be important.
Paradise sits within the Chico, CA metro and this neighborhood is rated B overall, indicating solid but mixed fundamentals for multifamily investors. Amenity access ranks competitive among Chico neighborhoods (24th of 74), though café and grocery densities are limited locally, which can place a premium on properties with on-site conveniences or proximity to daily-needs retail.
The area s construction vintage averages 1967; this asset s 1974 build is somewhat newer than the neighborhood norm, which can help competitive positioning versus older stock. Given its era, investors should still plan for targeted building systems upgrades and common-area refreshes to support rentability and reduce downtime.
Neighborhood occupancy is below the metro median (rank 62 of 74), pointing to leasing softness that rewards disciplined operations and renewal strategies. Within a 3-mile radius, renter-occupied housing accounts for roughly a quarter of units, indicating a moderate renter concentration and a defined tenant base for workforce- and seniors-oriented offerings. Local demographics in the same radius show a smaller population today than five years ago and a larger share of older residents; projections indicate households could rise even if population trends remain flat to down, which can still support multifamily demand through smaller household sizes and a steady stream of renters.
Ownership costs are relatively elevated for the neighborhood (home values rank in the upper national percentiles), and the value-to-income ratio is high nationally. For investors, that dynamic tends to reinforce renter reliance on multifamily housing, supporting pricing power for well-maintained, appropriately positioned assets while emphasizing the need for careful rent-to-income monitoring.
Crime conditions in this neighborhood are competitive among Chico neighborhoods (29th of 74) and around the national midpoint overall, based on WDSuite s compiled indicators. Recent trends show notable improvement in property offenses over the past year (stronger than most neighborhoods nationally), while violent offense metrics have been more volatile, which merits continued attention to lighting, access control, and resident engagement.
As with all localized safety data, these figures reflect neighborhood-level patterns rather than block-by-block conditions. Investors should underwrite to current on-site practices and consider modest, targeted security enhancements to support retention and leasing.
With 78 units built in 1974, 1368 Garnet Ln offers scale for operational efficiency and a vintage that is newer than the neighborhood average, creating a practical platform for selective value-add. According to CRE market data from WDSuite, the surrounding neighborhood shows below-median occupancy within the metro alongside a high-cost ownership environment a mix that can favor rentals when paired with focused leasing, renewals, and measured capital improvements.
Within a 3-mile radius, the renter share indicates a defined tenant base and projections suggest household counts could increase even if population growth remains subdued, pointing to a stable pool of renters. Coupled with elevated ownership costs, the submarket context supports long-run renter demand, provided operators manage affordability pressure and deliver consistent property quality.
- 78-unit scale enables operating efficiencies and professional management.
- 1974 vintage is newer than neighborhood average, supporting competitive positioning with targeted upgrades.
- High-cost ownership market reinforces renter reliance and potential pricing power for maintained assets.
- Below-median neighborhood occupancy highlights upside with strong leasing, renewals, and value-add execution.
- Risks: amenity gaps in immediate area, recent safety metric volatility, and demand sensitivity to rent-to-income require conservative underwriting.