| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 21st | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1225 South St, Redding, CA, 96001, US |
| Region / Metro | Redding |
| Year of Construction | 2011 |
| Units | 21 |
| Transaction Date | 2006-04-18 |
| Transaction Price | $374,000 |
| Buyer | LINC HOUSING DEVELOPMENT LLC |
| Seller | FILICE ALBERT J |
1225 South St Redding Multifamily Investment
This 21-unit property built in 2011 sits in a neighborhood ranking 14th among 71 metro neighborhoods with strong renter concentration at 64.2%. The area's commercial real estate analysis shows above-average amenity access while maintaining competitive positioning for multifamily investors.
This inner suburb neighborhood ranks 14th among 71 Redding metro neighborhoods, placing it above the metro median with an A- rating. The area demonstrates strong rental market fundamentals with 64.2% of housing units renter-occupied, ranking 2nd metro-wide and in the 95th percentile nationally for rental concentration. This high renter share supports consistent tenant demand and occupancy stability for multifamily properties.
Built in 2011, this property is significantly newer than the neighborhood's average construction year of 1959, offering reduced near-term maintenance requirements and competitive positioning against older housing stock. The area benefits from exceptional amenity density, ranking 1st metro-wide for restaurants (48.65 per square mile), cafes, childcare facilities, and pharmacies, all supporting tenant retention through convenience and lifestyle appeal.
Demographics within a 3-mile radius show steady population growth of 2.5% over five years, with 44,202 residents and balanced age distribution. The area's median household income of $63,510 has grown 47.9% over five years, while contract rents have increased 37.6% to $1,153 median. Five-year projections indicate continued household growth of 24.1% and median rent increases to $1,793, supporting rental demand expansion and pricing power for well-positioned properties.
Current neighborhood occupancy of 83.2% reflects market dynamics, though this has declined 6.3 percentage points over five years, ranking in the 24th percentile nationally. Investors should monitor absorption rates and consider competitive positioning strategies. The rent-to-income ratio of 37% ranks in the 2nd percentile nationally, indicating affordability pressures that require careful lease management and renewal strategies.
Safety metrics show mixed performance relative to regional and national comparisons. The neighborhood ranks 45th among 71 metro neighborhoods for property crime, with an estimated rate of 176.3 incidents per 100,000 residents, placing it in the 58th percentile nationally. Property crime has increased 3.3% year-over-year, though this trend ranks in the 37th percentile nationally, indicating more moderate increases compared to other markets.
Violent crime rates are lower at 23.0 incidents per 100,000 residents, ranking 51st metro-wide and in the 56th percentile nationally. However, violent crime has increased 61.7% year-over-year, ranking in the 24th percentile nationally for this trend. Investors should consider these safety dynamics in tenant screening, property management protocols, and insurance planning while monitoring local law enforcement initiatives and community safety programs.
Employment data for specific anchor employers near this property location is not currently available in our CRE market data from WDSuite. Redding's economy is supported by healthcare, government services, and retail sectors, though detailed employer proximity analysis requires additional local market research.
This 2011-built property offers a compelling value-add opportunity in a rental-concentrated neighborhood with strong demographic fundamentals. The 95th percentile national ranking for renter share indicates deep tenant demand, while the property's newer vintage provides competitive advantages over the area's 1959 average construction year. According to CRE market data from WDSuite, the 3-mile radius shows robust income growth of 47.9% over five years, supporting rental pricing power despite current affordability pressures.
Five-year demographic projections indicate 24.1% household growth and median rent increases to $1,793, creating expansion opportunities for well-managed properties. The neighborhood's exceptional amenity density - ranking 1st metro-wide for restaurants, cafes, and essential services - supports tenant retention and competitive positioning. However, declining occupancy trends and elevated crime growth require active management strategies and careful market positioning.
- Strong rental market with 64.2% renter-occupied units ranking 95th percentile nationally
- Property built in 2011 offers competitive advantage over neighborhood's 1959 average vintage
- Projected 24.1% household growth and rent increases to $1,793 median by 2028
- Risk considerations include declining occupancy trends and affordability pressure at 37% rent-to-income ratio