| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 52nd | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 Harold St, Kingsburg, CA, 93631, US |
| Region / Metro | Kingsburg |
| Year of Construction | 1987 |
| Units | 104 |
| Transaction Date | 2022-11-24 |
| Transaction Price | $23,250,000 |
| Buyer | KINGSBURG VILLAS LLC |
| Seller | KINGSBURG KINGS POINTE LLC |
901 Harold St Kingsburg Multifamily Investment
This 104-unit property built in 1987 serves a stable suburban neighborhood with 94.3% occupancy rates and strong safety metrics ranking in the top 20% nationally.
This suburban Kingsburg neighborhood ranks 39th among 246 metro neighborhoods with an A- rating, reflecting solid fundamentals for multifamily investors. The area maintains 94.3% occupancy rates, positioning above the 67th national percentile and indicating stable rental demand. With 28.8% of housing units renter-occupied, the neighborhood provides a consistent tenant base while avoiding oversaturation.
Demographics within a 3-mile radius show a population of approximately 14,700 residents with steady household formation trends. Median household income of $80,752 supports rental affordability, while projected growth to over 16,000 residents by 2028 suggests expanding demand. The area's median contract rent of $1,019 reflects reasonable pricing relative to local incomes, with forecasts indicating potential for measured rent growth to $1,468 by 2028.
Built in 1987, this property aligns with the neighborhood's average construction year of 1968, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older inventory. Local amenities include adequate grocery and restaurant access, though childcare facilities are limited. Home values averaging $415,933 create a pricing dynamic that reinforces rental demand, as elevated ownership costs keep households in the multifamily market longer.
Safety metrics present a favorable profile for this Kingsburg neighborhood, with crime statistics ranking 13th among 246 metro neighborhoods and placing in the 81st national percentile. Violent crime rates are particularly low at 1.7 incidents per 100,000 residents, ranking 1st regionally and in the 94th percentile nationally. Property crime rates of 19.0 per 100,000 residents also compare favorably, ranking 34th locally and 84th percentile nationwide.
Recent trends show property crime declining 60.1% year-over-year, ranking 21st among metro neighborhoods for improvement and placing in the 92nd national percentile for crime reduction. These safety fundamentals support tenant retention and can contribute to stable occupancy rates, though investors should monitor ongoing trends and local policing resources as part of due diligence.
The regional employment base includes established corporate operations that provide workforce housing demand, with major employers within reasonable commuting distance of the property.
- International Paper — paper and packaging manufacturing (26.3 miles)
- Con Agra Foods — food processing and consumer goods (29.4 miles)
This 104-unit Kingsburg property presents stable suburban fundamentals with neighborhood occupancy at 94.3% and crime statistics ranking in the top 20% nationally. Built in 1987, the property offers potential value-add opportunities while avoiding the extensive capital needs of much older inventory. According to CRE market data from WDSuite, the area's demographics show projected population growth to over 16,000 residents by 2028, supporting expanded rental demand.
Current median rents of $1,019 provide affordability for local incomes while positioning for measured growth, with forecasts suggesting potential increases to $1,468 by 2028. The 28.8% renter-occupied housing share creates consistent tenant demand without oversupply concerns, while home values averaging $415,933 reinforce rental market participation by keeping ownership costs elevated relative to rental options.
- Strong occupancy fundamentals with 94.3% neighborhood rates above national median
- Safety profile ranking in top 20% nationally supports tenant retention
- Projected population growth to 16,000+ residents by 2028 expands rental demand
- 1987 construction vintage offers value-add potential with manageable capital needs
- Risk consideration: Limited major employers within immediate proximity may affect tenant diversity