| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 16th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1127 Fresno St, Lindsay, CA, 93247, US |
| Region / Metro | Lindsay |
| Year of Construction | 1985 |
| Units | 42 |
| Transaction Date | 2022-04-11 |
| Transaction Price | $351,000 |
| Buyer | LINDSAY SENIOR VILLA APTS LP |
| Seller | VILLA LINDSAY SENIOR |
1127 Fresno St, Lindsay CA Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and steady occupancy, according to WDSuite’s CRE market data, with the area showing competitive stability versus the Visalia metro and solid positioning relative to many neighborhoods nationally.
Situated in Lindsay’s Inner Suburb, the property benefits from a B+ neighborhood rating and occupancy conditions that are competitive among Visalia’s 142 neighborhoods. The neighborhood s occupancy rate sits in a higher national percentile, supporting lease-up and retention strategy for workforce-oriented assets.
Local amenities are serviceable for daily needs: grocery access and park availability trend above many neighborhoods nationwide, while cafes and pharmacies are limited, which can temper walkable lifestyle appeal. Average school ratings in the area trail national benchmarks; for family renters, this may shape leasing profiles toward value- and commute-oriented households rather than school-driven decisions.
Ownership costs in the area are elevated relative to local incomes by national standards, which can sustain renter reliance on multifamily housing. At the same time, nominal contract rents benchmark on the lower side nationally, helping mitigate affordability pressure and aiding lease retention for value-focused units.
Demographic indicators aggregated within a 3-mile radius show a large share of working-age residents and steady household counts in recent years, with forecasts pointing to household growth over the next five years which would expand the renter pool and support occupancy. Given the property s 1985 vintage in a neighborhood with an older average construction year, the asset may compete favorably against older stock while still benefiting from targeted updates to common areas and systems.
Safety signals are mixed. Nationally, both violent and property offense measures benchmark stronger than many neighborhoods, while within the Visalia metro the neighborhood s crime ranks indicate relatively higher incident levels compared to several local peers. Recent trends point to a modest decline in violent categories alongside an upswing in property-related reports. Investors should underwrite with conservative assumptions for security measures and operating protocols while noting the favorable national comparison.
- International Paper packaging and paper manufacturing (7.6 miles)
This 42-unit, 1985-vintage asset aligns with renter demand supported by competitive neighborhood occupancy and a renter-occupied housing share that is high by national standards. Newer than the neighborhood s average construction year, the property can position well versus older local inventory, with practical value-add opportunities in unit interiors and building systems to reinforce rentability and retention. According to CRE market data from WDSuite, local ownership costs trend high relative to incomes, which helps sustain demand for rental housing even as nominal rents remain comparatively modest.
Looking ahead, 3-mile demographic forecasts indicate an expanding household base, pointing to a larger tenant pool and support for occupancy stability. Amenities skew toward daily needs (groceries, parks) rather than lifestyle offerings, so a focus on durable operations, pragmatic renovations, and competitive pricing should resonate with the area s workforce renter profile.
- Competitive neighborhood occupancy and durable renter base support leasing stability
- 1985 vintage offers relative edge over older stock with targeted value-add upside
- Ownership costs vs. income favor sustained rental demand while nominal rents remain approachable
- 3-mile household growth outlook expands the tenant pool and supports occupancy management
- Risk: mixed safety signals within the metro and limited lifestyle amenities call for conservative underwriting and active asset management