| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 40th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 830 Saint Marks St, Redding, CA, 96003, US |
| Region / Metro | Redding |
| Year of Construction | 1990 |
| Units | 56 |
| Transaction Date | 2014-04-08 |
| Transaction Price | $3,166,000 |
| Buyer | HR APARTMENTS LIMITED PARTNERSHIP |
| Seller | TKO INVESTMENTS PROPERTIES V |
830 Saint Marks St Redding Multifamily Investment
Steady renter demand and a sizable tenant base support income durability in this inner-suburban pocket, according to WDSuite’s CRE market data. Neighborhood occupancy trends are moderate, but a high share of renter-occupied housing signals depth for leasing.
This inner-suburban location combines everyday convenience with broad-based renter appeal. Neighborhood amenities score above national norms, with grocery and pharmacy access performing in the national 70s percentiles, while cafés are comparatively dense as well. Parks are limited within the immediate area, which may reduce recreational draw, but proximity to daily needs helps sustain livability for workforce households.
At the neighborhood level, renter concentration is high (renter-occupied share ranks 10 out of 71 metro neighborhoods), indicating a deep pool of tenants and support for leasing velocity. Overall occupancy in the neighborhood is mid-pack locally (rank 45 of 71) and below national norms, suggesting operators should focus on retention and targeted marketing to stabilize tenancy through cycles.
Within a 3-mile radius, demographics point to a gradually expanding tenant base: recent years show modest growth in population and households, and forecasts through 2028 indicate further increases in both population and households, implying a larger renter pool and support for occupancy. Median household incomes in the 3-mile area have risen meaningfully over the past five years, and projected gains suggest additional spending power that can underpin rent collections. Median contract rents in the area remain relatively accessible against incomes, which can aid retention and reduce turnover risk.
For investors, home values in this pocket are below many coastal California benchmarks, which typically reinforces reliance on multifamily rentals for mobility and convenience rather than ownership. With the subject property built in 1990—newer than the neighborhood’s average 1980 vintage—units can compete effectively versus older stock; however, investors should still plan for selective modernization as building systems age.
Safety signals are mixed but improving. Relative to the Redding metro, the neighborhood sits in a higher-crime cohort (crime rank near the bottom tier among 71 neighborhoods indicates elevated incidents locally). By contrast, national comparisons are more favorable, with safety measures in the top quintile nationwide. Recent year-over-year estimates show sizable declines in both property and violent incidents, which, if maintained, can support resident retention and leasing stability.
As always, investors should underwrite with localized insight and trend monitoring rather than block-level assumptions, using multi-year patterns to gauge on-the-ground conditions.
Positioned in an inner-suburban pocket of Redding, the property benefits from a high concentration of renter-occupied housing and everyday amenities that support leasing fundamentals. Neighborhood occupancy trends are mid-tier locally, but a deep tenant base and improving safety trajectory point to manageable execution risk. According to CRE market data from WDSuite, accessibility of essential retail and services outperforms national norms, which can aid retention and stabilize operations.
Built in 1990, the asset is newer than much of the surrounding housing stock, offering a competitive edge versus older properties while still warranting targeted capital plans for modernization. Within a 3-mile radius, population and household growth—both historical and forecast—indicate a gradually expanding renter pool. Combined with rent levels that appear sustainable relative to area incomes, this supports a balanced path for occupancy and rent management, with value-add potential via renovations and operating efficiencies.
- High renter concentration locally supports leasing depth and tenant demand.
- 1990 vintage offers competitive positioning versus older neighborhood stock, with room for selective upgrades.
- Amenities outperform national norms for daily needs, aiding retention and occupancy stability.
- Demographic growth within 3 miles points to a larger renter pool over the next few years.
- Risks: mid-pack neighborhood occupancy and limited park access warrant focused marketing and resident experience investments.