| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 62nd | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 467 S Fowler St, Bishop, CA, 93514, US |
| Region / Metro | Bishop |
| Year of Construction | 1974 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
467 S Fowler St, Bishop CA Multifamily Investment
Neighborhood occupancy sits in the high-80s and renter demand is supported by strong daily-needs amenities, according to WDSuite’s CRE market data. For investors, the focus is steady operations and selective upgrades to enhance durability of cash flow in a smaller Inland Sierra market.
The property is in Bishop’s Inner Suburb area, which WDSuite rates A+ and ranks first among 11 neighborhoods in Inyo County. Daily-needs access is a local strength: groceries, restaurants, parks, cafes, childcare, and pharmacies all rank first out of 11 county neighborhoods, with amenity density generally in the top quartile nationally. This mix supports resident convenience and reduces drive times for errands—an advantage for leasing and renewals.
Area construction skews older (average 1957), while the subject’s 1974 vintage is newer than the neighborhood norm. For investors, that can mean comparatively competitive positioning versus mid-century stock, while still planning for aging systems and targeted modernization to capture value-add upside.
Neighborhood occupancy is estimated around 88% (measured for the neighborhood, not the property) and has eased modestly over five years. The share of housing units that are renter-occupied is about 38%, indicating a moderate renter concentration and a defined tenant base for small multifamily. Lease management and resident services can help sustain stability in a market with limited inventory turnover.
Within a 3-mile radius, population has inched up over the last five years and median household income sits in a middle range, with a rent-to-income ratio near 17%. Together with regionally elevated home values for the area, this points to multifamily’s role as a more accessible option for many households—supporting demand depth and lease retention without relying on outsized rent growth.
Schools average roughly mid-pack nationally, which may matter for family renters, but the concentration of parks and services helps broaden appeal across tenant profiles. Overall, the location compares favorably versus county peers and is competitive nationally on amenities—key inputs for occupancy durability.
Recent neighborhood-level crime metrics are not available in WDSuite for this location, so investors should benchmark safety using county and peer-neighborhood comparisons, property inspections, and management history. In markets like Bishop, steady neighborhood occupancy, visible amenities, and daytime activity can contribute to passive surveillance and resident comfort, but underwriting should incorporate contingency for security enhancements if needed.
Employer distance data suitable for a ranked list is not available in WDSuite for this address. Investors typically see renter demand in Bishop supported by a mix of local healthcare, education, retail, and municipal services; confirm specific commute drivers during due diligence.
This 20-unit, 1974-vintage asset offers small-scale exposure to Bishop’s top-ranked neighborhood (first among 11 in Inyo County) with strong daily-needs access that supports leasing. Neighborhood occupancy is in the high-80s (neighborhood measure), suggesting stable but competitive conditions where operational execution and resident retention programs matter. The vintage is newer than the area’s mid-century average, creating a practical path for targeted renovations and systems upgrades to strengthen positioning against older comparables.
According to commercial real estate analysis from WDSuite, amenity density trends in the top quartile nationally while the renter-occupied share around 38% points to a defined tenant base for multifamily. Within a 3-mile radius, incremental population growth and a rent-to-income ratio near 17% support demand without signaling acute affordability pressure, though ownership remains an option for some households—an underwriting consideration for pricing power and renewal strategy.
- A+ neighborhood, first among 11 in Inyo County, with top-quartile national amenity access
- 1974 vintage newer than local average, enabling targeted value-add and systems modernization
- Neighborhood occupancy in the high-80s supports operational stability with focused retention efforts
- Moderate renter concentration (~38% of housing units renter-occupied) provides a defined tenant base
- Risks: small-market depth and modest occupancy softening; competition from ownership options may temper rent growth