| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 40th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4500 Alder St, Redding, CA, 96003, US |
| Region / Metro | Redding |
| Year of Construction | 1997 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4500 Alder St, Redding CA — 61-Unit Multifamily Built 1997
Positioned in an inner-suburb pocket with strong renter concentration at the neighborhood level, the asset benefits from daily-needs proximity and a broad tenant base, according to WDSuite’s CRE market data. Neighborhood occupancy and renter metrics reflect local demand dynamics rather than the property itself.
The location sits in Redding’s inner suburbs with daily conveniences close by. Neighborhood amenities index in the above-average range nationally, with cafes, groceries, and pharmacies scoring competitively versus peers. Within the metro (71 neighborhoods), access to cafes, groceries, and pharmacies ranks in the top quartile, supporting resident convenience and reducing drive-time friction—useful for workforce-oriented leasing.
Neighborhood renter-occupied share is high relative to the metro (top quartile among 71), indicating depth in the tenant base and steady multifamily demand. By contrast, neighborhood occupancy trends sit below the metro median, suggesting operators should prioritize leasing execution and renewal management to sustain stability. Median rents in the area have risen over the past five years, while rent-to-income indicators point to moderate affordability pressure—supportive of retention but warranting disciplined pricing strategy.
Within a 3-mile radius, recent population growth has been modest and households have edged higher, with projections calling for continued household expansion through the next five years. This points to a gradually expanding renter pool that can support occupancy stability over a longer horizon. Framed through commercial real estate analysis, these demand signals favor well-managed, well-maintained assets that offer practical amenities and predictable operating costs.
Parks are limited in the immediate neighborhood, which can matter for some residents; however, the concentration of everyday services (grocers, pharmacies, childcare) helps offset that gap for many renter cohorts. The property’s mid-1990s vintage positions it favorably versus older area stock, with potential to further differentiate through targeted renovations and operational upgrades.
Neighborhood safety indicators compare favorably at the national level, with estimated violent and property offense rates placing the area above the national average for safety. Recent year-over-year trends show meaningful improvement in both categories, which aligns with a stabilizing environment for resident retention and leasing.
While conditions vary by block and over time, the combination of above-average national percentiles and improving trends suggests the neighborhood is competitive among similar suburban locations. Investors should still underwrite standard security measures and monitor local reports as part of routine asset management.
Built in 1997, the 61-unit property offers a mid-1990s vintage that is newer than much of the surrounding housing stock. That positioning provides relative competitiveness against older assets, while leaving room for value-add through unit refreshes, systems updates, and amenity tuning. Based on CRE market data from WDSuite, neighborhood renter concentration is high and household counts within a 3-mile radius are projected to rise, supporting a larger tenant base and occupancy stability over time.
Amenity access (groceries, pharmacies, childcare, and cafes) ranks in the upper tier locally and above average nationally, a practical advantage for workforce renters. Neighborhood occupancy is below the metro median, which argues for hands-on leasing and renewal execution. Ownership costs in the area are relatively accessible, so pricing discipline and product differentiation are important to maintain demand and limit move-outs to ownership alternatives.
- Mid-1990s vintage offers competitive positioning versus older stock with clear value-add paths
- High neighborhood renter-occupied share supports depth of tenant demand
- 3-mile household growth outlook supports a gradually expanding renter pool
- Amenity-rich daily-needs access enhances leasing appeal for workforce renters
- Risk: Below-metro-median neighborhood occupancy and limited nearby parks require strong leasing/renewal execution and product differentiation