| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 18th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1275 Walnut St, Red Bluff, CA, 96080, US |
| Region / Metro | Red Bluff |
| Year of Construction | 1974 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1275 Walnut St Red Bluff Multifamily Investment
Neighborhood occupancy is steady and renter concentration is elevated, supporting a deeper tenant base for a 44-unit asset, according to WDSuite s CRE market data. Investors should view this location as a cash flow-oriented submarket with durable day-to-day amenities nearby.
This Inner Suburb pocket ranks 3rd of 30 Red Bluff neighborhoods (A rating), placing it in the top quartile metro-wide. Daily-needs access is a strength: grocery and pharmacy density both rank 1st of 30, and the area sits around the 88th th–89th national percentiles for those amenities, according to WDSuite s CRE market data. Caf e9 and restaurant options are competitive locally (ranks 1st–2nd of 30), giving residents walkable or short-drive convenience that supports leasing and retention.
Neighborhood occupancy is 94.8% (ranked 7th of 30; above the metro median), and 55.8% of housing units are renter-occupied (ranked 1st of 30; top quartile nationally by percentile), indicating a sizable renter pool for multifamily demand. Within a 3-mile radius, population increased about 2.8% over the last five years while households grew roughly 5.3%, expanding the tenant base; forecasts point to further household growth by 2028, which can support occupancy stability.
Home values in the neighborhood sit near national mid-range levels, but the value-to-income ratio is high versus many U.S. areas (around the 86th national percentile). In practical terms, a higher ownership cost context tends to reinforce reliance on rental housing, which can aid lease retention and pricing power. Current rent-to-income ratios are moderate for the neighborhood, suggesting manageable affordability pressure from an investor s standpoint.
Consider a few offsetting factors: average school ratings are low (around the 15th national percentile), and the immediate area has limited parks and childcare options (both ranked 30th of 30). These conditions may affect depth of demand for certain tenant profiles, though core daily-needs access and steady occupancy trends remain positives for multifamily.
Neighborhood-level crime rankings were not available in the current WDSuite dataset for this location. Investors should benchmark property-specific and submarket safety trends using multiple sources and time horizons, and compare them to Red Bluff and county baselines to understand any directional changes before underwriting.
1275 Walnut St sits in a neighborhood that is competitive among Red Bluff areas on daily-needs access and shows steady renter demand. Occupancy is above the metro median and renter-occupied share leads the metro, pointing to a larger tenant pool and day-to-day leasing stability for a 44-unit property. Within a 3-mile radius, recent population and household growth, along with forecasts for additional households, suggest a broader renter pool over the medium term that can support consistent absorption and renewal rates.
Built in 1974, the asset likely benefits from value-add or systems modernization potential to enhance competitiveness versus newer stock while managing capex carefully. According to commercial real estate analysis from WDSuite, neighborhood-level ownership costs are comparatively high relative to incomes, which tends to support sustained rental demand and helps maintain occupancy, though lower school ratings and limited parks/childcare nearby should be considered in leasing strategy and rent positioning.
- Above-metro neighborhood occupancy with a high renter-occupied share supports a deeper tenant base
- Daily-needs access (grocery, pharmacy, dining) ranks near the top locally, aiding retention
- 3-mile population and household growth, with further household gains forecast, bolster demand
- 1974 vintage offers value-add and modernization levers to drive NOI relative to older peers
- Risks: lower school ratings and limited parks/childcare may narrow some tenant segments