| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 37th | Poor |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3149 Lawrence Rd, Redding, CA, 96002, US |
| Region / Metro | Redding |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 2006-03-08 |
| Transaction Price | $1,450,000 |
| Buyer | EZQUERRO URBANO |
| Seller | HINMAN SAMUEL |
3149 Lawrence Rd Redding Multifamily Opportunity
Neighborhood fundamentals point to stable renter demand and above-average occupancy in the immediate area, according to WDSuite’s CRE market data. Metrics referenced are for the surrounding neighborhood, not the property.
This Inner Suburb location in Redding ranks within the top quartile among 71 metro neighborhoods (A rating), supporting investor confidence in demand durability and leasing velocity at the sub-neighborhood scale. Neighborhood occupancy is above national medians (74th percentile), and the share of renter-occupied housing units is high (93rd percentile nationally), indicating a deep tenant base; these benchmarks are measured for the neighborhood, not the property.
Amenity access is competitive by national standards, with restaurants (78th percentile), cafes (91st), childcare (88th), and pharmacies (79th) within the neighborhood footprint, while grocery availability is mid-tier (65th). Park access is limited (0th percentile), which may modestly affect lifestyle appeal; investors can account for this by emphasizing on-site features and nearby private recreation options in positioning.
Construction vintage skews early-1980s locally (1982 average), while the subject’s 1985 build is slightly newer than the neighborhood norm—helpful for competitive positioning versus older stock. Practical planning still suggests selective modernization of systems and common areas to support rent growth and retention.
Within a 3-mile radius, population grew modestly over the last five years (+2.7%) and households also increased (+0.7%). Looking ahead, forecasts show a small population dip (–0.5%) but a notable rise in households (+32.8%) as average household size trends lower, which can expand the renter pool and support occupancy stability. Elevated value-to-income levels in the neighborhood (93rd percentile nationally) signal a relatively high-cost ownership market, reinforcing multifamily reliance; at the same time, neighborhood rent-to-income levels sit in a lower national band (16th percentile), suggesting manageable affordability pressure that can aid lease retention.
Neighborhood safety compares favorably in a national context. Property offenses trend safer than average (around the 70th percentile nationally), and overall crime sits modestly above national norms (58th percentile). These references are for the neighborhood and are not property-specific.
Violent offense indicators are comparatively strong (about the 85th percentile nationally), though recent year-over-year movement indicates some volatility. In metro context among 71 neighborhoods, this area performs above the median on several measures; investors should monitor trend direction while recognizing the broader safety positioning is competitive among Redding neighborhoods.
3149 Lawrence Rd is a 20-unit, 1985-vintage asset positioned in a neighborhood that scores in the top quartile locally and shows above-median occupancy. A high share of renter-occupied housing units in the neighborhood supports a deeper tenant base, while a high-cost ownership landscape relative to incomes tends to sustain reliance on rental housing—factors that together underpin leasing stability. Based on commercial real estate analysis from WDSuite, neighborhood occupancy remains solid versus national benchmarks, with amenity access that compares well to peers.
Demographic patterns within a 3-mile radius point to steady renter demand: modest recent population growth, rising household counts historically, and forecasts for smaller household sizes with more households overall—conditions that can support absorption, retention, and pricing discipline. The 1985 vintage offers competitive positioning versus older stock, with targeted upgrades likely to enhance performance and capture value-add upside.
- Top-quartile neighborhood among 71 metro areas with above-median occupancy, supporting leasing stability (neighborhood metrics)
- High renter-occupied share locally indicates a deep tenant base and durable multifamily demand (neighborhood metric)
- Ownership costs elevated relative to incomes, reinforcing reliance on rentals and potential pricing power
- 1985 vintage offers competitive positioning versus older stock, with selective modernization for value-add
- Risks: limited park access and some safety volatility; capex for systems and common-area upgrades should be underwritten