| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 42nd | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1012 Layton Rd, Redding, CA, 96002, US |
| Region / Metro | Redding |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1012 Layton Rd Redding Multifamily Investment
The surrounding neighborhood shows an elevated renter-occupied share and occupancy near the national midpoint, supporting steady lease-up and retention, according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of Redding, the neighborhood ranks 10 out of 71 locally—competitive among Redding neighborhoods—supported by everyday conveniences and family-oriented services. Grocery access is a relative strength (ranked 2 of 71; high national standing), and restaurants are also plentiful, while parks presence is solid. By contrast, cafes and pharmacies are limited, so most daily needs are met nearby but some specialty trips may require a short drive.
School options trend above the metro median (ranked 5 of 71 and in the upper half nationally), adding to neighborhood stability signals for family renters. Neighborhood occupancy is close to the national midpoint, indicating room for management-driven leasing gains as operations optimize. Median asking rents track around local norms with multi‑year growth, while the area’s elevated home values relative to the nation indicate a higher-cost ownership market that can reinforce reliance on multifamily rentals and support pricing power over time.
Tenure patterns point to depth in the tenant base: renter-occupied housing accounts for a higher share locally than typical, which supports ongoing demand for multifamily units and can aid renewal velocity. Within a 3‑mile radius, recent years show modest population growth alongside a slight decline in household counts; forward projections suggest a small population contraction but a notable increase in households, implying smaller household sizes and a potentially larger pool of renters entering the market. These shifts generally support occupancy stability and a consistent leasing funnel for professionally managed assets.
Context versus metro and national trends: Amenities score above metro median in groceries and restaurants (ranks 2 and 6 of 71; high national percentiles), and parks access is competitive (rank 7 of 71). Neighborhood housing and demographics scores sit around the middle nationally, aligning with durable, workforce-oriented renter demand rather than luxury positioning. These fundamentals provide a balanced backdrop for cash flow execution with measured rent growth prospects, based on CRE market data from WDSuite.
Safety indicators are mixed but generally compare favorably to national norms. Overall crime metrics place the neighborhood above the national midpoint, and relative to the Redding metro it sits near the middle of the pack (ranked 30 out of 71). Property crime has improved meaningfully year over year and stands in a stronger national position, while violent offense rates are better than the national median but have trended upward recently. For investors, this suggests day‑to‑day conditions that support leasing, with monitoring warranted on violent‑crime trends.
The asset benefits from a renter‑oriented neighborhood with competitive local standing (10 of 71 in the metro), everyday retail proximity, and schools above the metro median—factors that sustain family and workforce renter demand. Occupancy in the surrounding neighborhood sits near the national midpoint, indicating stable baseline absorption with potential for operational upside as leasing and retention strategies are executed. Elevated ownership costs versus national benchmarks reinforce reliance on rental housing, supporting pricing power while rent‑to‑income dynamics remain manageable, based on CRE market data from WDSuite.
Within a 3‑mile radius, the outlook points to a slightly smaller population but a larger number of households, implying smaller household sizes and a broader renter pool over the next several years. Combined with strong grocery and restaurant access and a higher local share of renter‑occupied housing units, the area should continue to provide a dependable tenant pipeline and support steady cash flow execution for well‑maintained product.
- Competitive neighborhood standing in Redding with strong everyday amenities supporting renter convenience.
- Elevated renter concentration signals depth of tenant base and supports occupancy stability.
- Ownership costs above national norms bolster rental demand and pricing power potential.
- Demographic shifts within 3 miles point to more households and a broader renter pool, aiding leasing.
- Risk: limited cafe/pharmacy options and recent uptick in violent‑crime trends warrant ongoing monitoring and tenant‑experience focus.