211 S Ash St Earlimart 40-Unit Multifamily

Located in Earlimart within the Visalia, CA metro, the area functions as an inner‑suburb with steady renter demand and modest turnover. Neighborhood occupancy is competitive with broader metro patterns, and a renter concentration near 50% suggests sufficient depth for multifamily leasing without overreliance on any single demand source.

Amenity access is mixed: the neighborhood ranks 42 out of 142 metro neighborhoods on amenity access — competitive among Visalia neighborhoods — with cafes comparatively prevalent (ranked 14 of 142 and in the 77th percentile nationally), while parks and pharmacies are sparse. Grocery options are reasonably accessible (ranked 43 of 142), supporting daily‑needs convenience even if the overall amenity mix trails higher‑density submarkets.

The average construction year across the neighborhood skews older (1954), and this asset’s 1988 vintage positions it newer than much of the local stock. That generally supports leasing competitiveness versus older properties; however, investors should plan for system updates typical of late‑1980s construction when evaluating capital reserves and potential value‑add.

Within a 3‑mile radius, WDSuite reports a small contraction in population over the last five years alongside a modest increase in households, indicating smaller household sizes and a renter pool that can still expand in unit terms even as headcount edges lower. Looking ahead, projections show further increases in household counts, which can support occupancy stability and leasing velocity for well‑positioned properties. Median home values sit below many California metros, which can introduce some competition from ownership; even so, elevated ownership costs at the state level tend to sustain rental demand, and current rent‑to‑income levels imply manageable affordability pressure that can aid retention.