| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 48th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1765 Azoulay Ct, Redding, CA, 96003, US |
| Region / Metro | Redding |
| Year of Construction | 1998 |
| Units | 25 |
| Transaction Date | 2001-03-29 |
| Transaction Price | $437,500 |
| Buyer | YAMAMOTO ALAN |
| Seller | AZOULAY COURT APARTMENTS |
1765 Azoulay Ct, Redding CA Multifamily Investment
Strong neighborhood renter demand and amenity access support steady leasing, according to WDSuite’s CRE market data, with occupancy discussed here at the neighborhood level rather than the property. Built in 1998, the asset’s vintage positions it competitively versus older local stock while leaving room for selective modernization.
Redding’s inner-suburb location around 1765 Azoulay Ct scores highly within the metro (A+ neighborhood rating), indicating solid fundamentals for multifamily. Amenity density is a clear strength: restaurants rank near the top of the Redding metro (competitive among 71 neighborhoods) and are in the top quartile nationally, with groceries and pharmacies also ranking near the top locally. Limited park access is a known gap, which investors should weigh against the convenience benefits of retail and services.
Neighborhood occupancy is around the metro median, and the share of renter-occupied housing is high relative to both the metro and nation. For investors, that renter concentration signals depth in the tenant base and supports leasing stability for comparable assets. Average school ratings are competitive among Redding neighborhoods and above national mid-range, which can aid retention for family-oriented renters.
Within a 3-mile radius, recent years show modest population growth with a slightly larger household count, pointing to a stable or expanding renter pool. Forward-looking projections indicate households continuing to rise alongside smaller average household sizes, which tends to support demand for rental units and smaller floor plans.
Home values in the immediate area are elevated relative to incomes on a national basis, which typically sustains reliance on rental housing and can bolster pricing power. In combination with amenity access and a renter-heavy housing mix, the submarket presents a balanced case for long-term multifamily property research focused on demand resilience and lease retention.
Safety indicators for the neighborhood track near national averages overall, with notable improvement in violent-offense trends over the past year. In national percentile terms, violent-offense measures are stronger than mid-range, while property-offense measures sit closer to the national middle, suggesting an area to monitor rather than a structural weakness.
Compared with Redding’s 71 neighborhoods, recent dynamics place the area as competitive rather than top-tier on safety, with momentum improving on violent offenses and property-related incidents warranting routine risk management steps (lighting, access control, and resident engagement). This framing is neighborhood-level and should be validated alongside property-specific security measures.
This 25‑unit 1998-vintage property aligns with a renter-heavy neighborhood that posts competitive amenity access and mid-pack occupancy, supporting steady leasing and retention. The building’s vintage is newer than the area’s average stock, offering relative competitiveness while still presenting typical late-1990s capital planning needs (common-area refresh, systems upgrades, or selective unit renovations) for value optimization.
According to CRE market data from WDSuite, neighborhood-level home values are elevated relative to incomes on a national basis, which often sustains rental demand and supports pricing power. Within a 3-mile radius, stable population and an increasing household count—paired with projections for smaller household sizes—indicate a durable tenant base and continued demand for rental housing, even as overall population growth may soften.
- Renter-heavy neighborhood supports depth of tenant demand and leasing stability
- 1998 vintage competes well versus older local stock with selective value-add potential
- Elevated ownership costs in the area reinforce reliance on rentals and pricing power
- Amenity-rich location (food, grocery, pharmacy) supports resident convenience and retention
- Risks: property crime trends to monitor, limited park access, and softer long-run population growth