| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 54th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1685 Sequoia St, Redding, CA, 96001, US |
| Region / Metro | Redding |
| Year of Construction | 1977 |
| Units | 22 |
| Transaction Date | 2007-11-29 |
| Transaction Price | $3,250,000 |
| Buyer | PATTON VICTOR |
| Seller | MURPHY ROY RAYFORD |
1685 Sequoia St, Redding CA Multifamily Investment
Neighborhood occupancy trends sit above the metro median while renter-occupied housing is prevalent, indicating a durable tenant base according to CRE market data from WDSuite.
Located in an Inner Suburb pocket of Redding, the neighborhood carries an A rating and ranks 5th among 71 metro neighborhoods, placing it in the top quartile locally. Amenity access is a relative strength: parks, pharmacies, and restaurants all rank in the top tier among 71 neighborhoods, while grocery options are competitive; cafes are less dense. This mix supports daily convenience and supports leasing appeal for a range of renter profiles.
At the neighborhood level, occupancy is above the metro median, suggesting steady leasing conditions. Median rents benchmark near the national middle, and the rent-to-income profile indicates manageable affordability pressure, which can aid retention. Home values are elevated relative to local incomes (high national percentile for value-to-income), which tends to sustain renter reliance on multifamily housing and supports demand depth.
Vintage context: the property was built in 1977, newer than the neighborhood’s average construction year of 1966. That positioning can be competitive versus older stock, though investors should still consider modernization of building systems or common areas as part of capital planning.
Tenure dynamics point to a meaningful renter-occupied share at the neighborhood level (high national percentile), a positive signal for multifamily demand stability. Within a 3-mile radius, recent population growth has been modest with households expanding, and forecasts indicate additional household gains ahead, implying a larger tenant base that can help support occupancy and leasing velocity.
Counterweights include below-average school ratings (low national percentile), which may affect appeal to family renters, and neighborhood NOI per unit that trails national benchmarks (low percentile), highlighting opportunities to improve operating efficiency through renovations or management optimization.
Safety indicators for the neighborhood are around the metro median (ranked near the middle among 71 Redding neighborhoods). Compared nationally, property offense measures are in a stronger percentile range and have improved over the last year, while violent offense measures also compare favorably to many U.S. neighborhoods.
Year-over-year trends show mixed signals: property offenses have eased, whereas violent offense indicators showed volatility. For investors, this suggests monitoring trend direction and prioritizing standard security, lighting, and access controls to support resident confidence and retention.
1685 Sequoia St offers a 22-unit footprint in a neighborhood with above-median occupancy and a high renter-occupied share, supporting a consistent tenant pipeline. The 1977 vintage is newer than the neighborhood average, creating a relative edge versus older comparables while leaving room for value-add through targeted upgrades. According to CRE market data from WDSuite, amenity access is a local strength (parks, dining, daily-needs retail), and elevated ownership costs versus incomes help sustain multifamily demand and potential pricing power without overextending rent-to-income levels.
Forward-looking fundamentals within a 3-mile radius point to modest population growth and an increase in households, which supports renter pool expansion and occupancy stability. Key watch items include below-average school ratings—relevant for family-heavy unit mixes—and safety trends that warrant routine monitoring, along with neighborhood-level NOI per unit that indicates operational upside via renovations or management efficiency.
- Above-median neighborhood occupancy and strong renter concentration support demand stability.
- 1977 construction offers competitive positioning versus older stock with value-add potential.
- Amenity-rich location and high-cost ownership context reinforce multifamily leasing power.
- 3-mile household growth outlook supports renter pool expansion and retention.
- Risks: school ratings below national norms, mixed safety trends, and operational efficiency to optimize.