| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 49th | Best |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 Jacob Pl, Exeter, CA, 93221, US |
| Region / Metro | Exeter |
| Year of Construction | 1993 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
301 Jacob Pl, Exeter CA Multifamily Investment Opportunity
Neighborhood occupancy trends and a solid renter-occupied base suggest steady leasing fundamentals, according to WDSuite’s CRE market data. Positioning within Exeter’s inner-suburban fabric supports demand from households seeking value and convenience.
Exeter’s Inner Suburb neighborhood posts an A neighborhood rating and ranks 8th out of 142 Visalia metro neighborhoods, signaling competitive livability and demand drivers for workforce-oriented multifamily. Amenity access is also a relative strength: overall amenity availability ranks within the top quartile among 142 metro neighborhoods and sits above national medians, with cafes, groceries, and restaurants offering day-to-day convenience that supports tenant retention.
For investors screening rent dynamics, neighborhood occupancy trends are above the metro median and stronger than many areas nationally, supporting income stability and manageable downtime between turns. The share of housing units that are renter-occupied is elevated versus national norms (high national percentile), indicating a deeper tenant base for multifamily operators rather than a for-sale–dominant landscape.
Construction vintage in the area skews older (average year 1962), while the subject property was built in 1993. Newer stock relative to nearby inventory generally competes well on functionality, though investors should plan for targeted system upgrades and light modernization to sustain positioning against aging comparables.
Within a 3-mile radius, recent data show prior population and household declines, but forecasts point to renewed population growth and a notable increase in households by 2028. This projected renter pool expansion supports forward leasing demand. Median home values in the neighborhood trend above national averages, which can sustain reliance on rental housing and support pricing power, while rent-to-income levels appear favorable for retention and lease management. These dynamics, taken together with day-to-day amenities and average school ratings near national medians, present a balanced setup for long-term multifamily performance informed by commercial real estate analysis from WDSuite.
Comparable crime statistics for this specific neighborhood were not available in the dataset. Investors commonly benchmark city and county trends, evaluate property-level incident histories, and consult local property management to contextualize safety for residents and on-site operations.
Given the inner-suburban setting, a practical approach is to review multi-year regional trends and any community policing or lighting improvements that can influence resident comfort and after-hours site activity. Avoid drawing block-level conclusions; rely on consistent data sources and on-the-ground feedback when underwriting.
Proximity to nearby industrial and corporate operations supports a stable local employment base and practical commute options for renters. Key nearby employer includes:
- International Paper — manufacturing & packaging (1.1 miles)
301 Jacob Pl is a 45-unit, 1993-vintage asset with larger average unit sizes for the class, positioned in an A-rated, inner-suburban Exeter location. Relative to an older neighborhood housing stock, the vintage offers competitive functionality with room for value-add through selective interior refreshes and systems upgrades. Neighborhood occupancy trends run above the metro median, while a high national percentile for renter-occupied share indicates durable depth in the tenant base. According to CRE market data from WDSuite, amenity access ranks competitively in the Visalia metro, reinforcing day-to-day livability that supports retention.
Within a 3-mile radius, forecasts point to growth in population and households by 2028 after a period of contraction, implying a larger tenant base over the medium term. Elevated home values relative to national norms can sustain renter reliance on multifamily housing, and favorable rent-to-income levels support lease stability with potential for disciplined rent optimization. Risks include limited park access within the neighborhood and the need to verify on-the-ground safety trends and employer concentration during underwriting.
- A-rated inner-suburban location with amenity access competitive in the Visalia metro
- 1993 construction offers competitive positioning versus older local stock with value-add potential
- Above-metro occupancy trends and elevated renter-occupied share support demand and retention
- 3-mile forecasts indicate population and household growth by 2028, expanding the renter pool
- Risks: limited park access, verify safety trends and employment concentration during diligence