| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 57th | Good |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 105 Hilltop Dr, Redding, CA, 96003, US |
| Region / Metro | Redding |
| Year of Construction | 1974 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
105 Hilltop Dr Redding CA Multifamily Investment
This 80-unit property built in 1974 sits in a neighborhood with 96.6% occupancy rates and strong rental demand fundamentals. According to CRE market data from WDSuite, the area ranks in the top quartile among 71 metro neighborhoods for rental occupancy performance.
The property is located in an Inner Suburb neighborhood with an A rating among 71 metro neighborhoods, ranking 8th overall. Built in 1974, the property predates the neighborhood's 1990 average construction year, presenting potential value-add opportunities through strategic renovations and unit improvements.
Neighborhood-level occupancy reaches 96.6%, ranking 12th among metro neighborhoods and placing in the 81st percentile nationally. With 76.5% of housing units renter-occupied, the area demonstrates strong rental demand fundamentals that support multifamily operations. Contract rents average $1,204 with 21% growth over five years, indicating healthy pricing power while maintaining affordability for tenants.
Demographics within a 3-mile radius show 37,140 residents with modest population growth of 1.2% over five years. The area maintains a 58.4% renter share among housing units, reinforcing rental demand. Median household income of $58,807 supports current rent levels, though income growth of 42.8% over five years suggests improving tenant quality and retention potential.
Local amenities include grocery stores and pharmacies within reasonable proximity, supporting tenant convenience and retention. The neighborhood's rent-to-income ratio of 0.25 indicates manageable affordability for residents, reducing turnover risk and supporting stable occupancy performance.
The neighborhood demonstrates strong safety metrics compared to metro and national benchmarks. Property crime rates rank 7th among 71 metro neighborhoods, placing in the 81st percentile nationally with an estimated rate of 26.0 incidents per 100,000 residents. Property crime has declined 6.6% year-over-year, indicating improving conditions.
Violent crime performance is particularly strong, ranking 3rd among metro neighborhoods and reaching the 94th percentile nationally. The violent crime rate has decreased substantially by 78.2% year-over-year, representing significant improvement in neighborhood safety conditions that can support tenant retention and property values.
Employment data for specific nearby employers is not available in the current dataset. The broader Redding metro area supports diverse employment across healthcare, government, and service sectors that contribute to rental housing demand.
This 80-unit property offers value-add potential through its 1974 vintage in a neighborhood where newer construction averages 1990. The asset sits in a high-performing rental market with 96.6% neighborhood occupancy and 76.5% renter share, indicating strong multifamily fundamentals. According to multifamily property research from WDSuite, the area's NOI per unit averages $9,281, ranking first among metro neighborhoods.
Demographics within a 3-mile radius support rental demand with 37,140 residents and stable household formation. Projected household growth of 26.6% through 2028 should expand the renter pool, while forecast rent increases of 42.9% suggest continued pricing power. The neighborhood's improving safety profile and manageable rent-to-income ratios support tenant retention and operational stability.
- Strong occupancy fundamentals with 96.6% neighborhood rate ranking in top quartile nationally
- Value-add opportunity through renovation of 1974-vintage units in improving neighborhood
- Projected 26.6% household growth through 2028 supports expanding renter demand
- Risk consideration: Property's 1974 construction may require significant capital expenditure for modernization