| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 20th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 840 S 1st Ave, Dinuba, CA, 93618, US |
| Region / Metro | Dinuba |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | 2009-08-17 |
| Transaction Price | $325,000 |
| Buyer | GONZALEZ IRASEMA |
| Seller | TWINPALMSDINUBA LLC |
840 S 1st Ave, Dinuba CA Multifamily Investment
Positioned in a top-quartile neighborhood within the Visalia metro, the asset benefits from steady renter demand and a high-cost ownership backdrop, according to WDSuite s CRE market data.
The property sits in an Inner Suburb neighborhood ranked 19 out of 142 in the Visalia, CA metro top quartile among 142 metro neighborhoods which signals solid local fundamentals for multifamily. Neighborhood metrics cited here reflect the surrounding area, not the property itself.
Daily-needs access is a strength: grocery availability ranks 6 of 142 and restaurants 4 of 142 both top quartile locally with parks also ranking 2 of 142. Caf s are competitive at rank 8 of 142. These amenity concentrations support resident convenience and can aid retention and leasing.
Vintage matters for positioning. With a 1985 construction year in an area where the average build year skews older (1952), the asset should compare well versus older stock; investors may still plan for selective modernization as building systems age to maintain competitiveness.
Renter-occupied housing accounts for roughly 44% of neighborhood units, indicating a moderate renter concentration and a viable tenant base for multifamily. Neighborhood occupancy is around the national middle, which supports a reasonable backdrop for lease-up and renewals when combined with amenity depth.
Within a 3-mile radius, population and households have grown in recent years, and projections point to further population growth with a notable increase in households. This trend implies a larger tenant base ahead and supports occupancy stability. Rising household incomes in the 3-mile area further reinforce demand for well-managed rental housing.
Home values in the neighborhood are elevated relative to local incomes (value-to-income rank sits in the top quintile nationally). In practice, a high-cost ownership market can sustain reliance on rental options, supporting pricing power and lease retention for professionally operated multifamily.
Neighborhood-level safety data suitable for precise comparisons is limited in the current release. Investors typically benchmark community conditions against broader Visalia metro trends and on-the-ground observations. Framing safety at a neighborhood scale rather than block-by-block helps set realistic expectations for tenant retention and management planning.
Given the area s top-quartile neighborhood ranking within the metro, operators often pair standard property-level controls (lighting, access management) with community engagement to support consistent operations as conditions evolve.
Regional employers provide a diversified employment base that supports renter demand and commute convenience, notably in manufacturing and food processing. The list below highlights nearby corporate offices relevant to the tenant base.
- International Paper paper & packaging (19.9 miles)
- Con Agra Foods food processing (39.2 miles)
This 30-unit, 1985-vintage asset offers a favorable competitive position versus older neighborhood stock while benefiting from a moderate renter concentration and amenity-rich local context. Based on CRE market data from WDSuite, the surrounding neighborhood ranks in the top quartile within the Visalia metro, and occupancy in the area sits around the national middle a workable backdrop for sustaining tenancy with disciplined operations.
Within a 3-mile radius, recent population and household growth and projections for additional increases point to renter pool expansion that can support occupancy and renewals. Elevated ownership costs relative to incomes in the neighborhood reinforce reliance on multifamily housing, while the 1985 vintage suggests manageable value-add opportunities (interiors and systems) to enhance rentability and retention.
- Top-quartile neighborhood ranking in the Visalia metro supports fundamentals
- 1985 construction offers competitive positioning versus older local stock with targeted upgrade potential
- 3-mile population and household growth indicate a larger tenant base and support occupancy
- Elevated ownership costs bolster rental demand and leasing durability
- Risk: neighborhood occupancy trends are near the national middle; performance depends on execution and asset-specific operations