| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 12th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 187 S Westwood Ave, Lindsay, CA, 93247, US |
| Region / Metro | Lindsay |
| Year of Construction | 2011 |
| Units | 74 |
| Transaction Date | 2004-05-27 |
| Transaction Price | $50,000 |
| Buyer | TK LAND CONSULTANTS LLC |
| Seller | LINDSAY FAMILY HOUSING INVESTORS LP |
187 S Westwood Ave Lindsay Multifamily Investment
Neighborhood occupancy trends are holding above national medians with a high share of renter-occupied units supporting demand stability, according to WDSuite s CRE market data. The property 013 minutes from Visalia 0benefits from an Inner Suburb location where renter concentration underpins leasing durability.
Located in Lindsay within the Visalia, CA metro, the neighborhood is rated B- and ranks above the metro median (69th among 142 neighborhoods). For investors, this points to steady fundamentals and comparatively resilient renter demand versus many local peers, based on CRE market data from WDSuite.
Renter concentration is high, with a large share of housing units renter-occupied (competitive among Visalia neighborhoods), which deepens the tenant base and supports occupancy stability. Neighborhood occupancy has trended above the national midpoint in recent years, and contract rents remain relatively accessible locally, helping mitigate retention risk when managed with disciplined lease strategies.
Daily needs are serviceable: restaurants and cafes are competitive among Visalia neighborhoods (cafe density ranks 12th of 142 and sits in a high national percentile), groceries are around the metro middle, and pharmacies are readily available. Park and childcare access is limited within the neighborhood, which may modestly affect family-oriented appeal and should be considered in marketing and amenity programming.
Within a 3-mile radius, recent years show slight population contraction but rising household incomes and a small increase in household count. Forward-looking projections indicate population growth and a notable increase in households over the next five years, implying a larger renter pool and support for occupancy. Elevated home value-to-income ratios (top tier nationally) characterize a high-cost ownership market for buyers, which typically sustains reliance on rental housing and can bolster pricing power when coupled with prudent affordability management.
The asset 201911 construction is newer than most area stock (neighborhood average vintage skews mid-20th century), positioning it competitively versus older properties. Investors should still plan for mid-life system updates and targeted modernization to maintain leasing momentum against both older renovations and newer deliveries in the wider metro.
Comparable neighborhood-level safety metrics were not available in WDSuite c so investors typically benchmark city and county trends alongside property-level measures (access control, lighting, and management practices). As with any submarket evaluation, consider multi-year regional data and on-the-ground observations to contextualize risk and insurance planning.
Nearby employment features manufacturing and logistics that support workforce housing demand and commute convenience, including International Paper within ten miles.
- International Paper packaging & paper manufacturing (8.3 miles)
Built in 2011 with 74 units, the property offers a competitive vintage relative to older neighborhood stock, reducing near-term capex risk while leaving room for targeted upgrades to sustain leasing. Strong renter concentration in the neighborhood and occupancy trends above national medians support demand depth and retention. According to commercial real estate analysis from WDSuite, ownership costs are elevated relative to local incomes, which typically reinforces renter reliance and supports pricing power when balanced against rent-to-income considerations.
Within a 3-mile radius, recent household growth and rising incomes point to a gradually expanding renter base, while projections call for additional population and household increases over the next five years d factors that support long-term fundamentals. Key watch items include limited nearby parks/childcare amenities and the small-market nature of Tulare County, which can concentrate employment exposure.
- 2011 construction offers competitive positioning versus older local stock, with manageable mid-life upgrades
- High renter-occupied share and occupancy above national medians support demand stability
- Elevated ownership costs locally reinforce reliance on multifamily rentals and pricing power
- 3-mile outlook indicates growth in households, expanding the potential renter pool
- Risks: limited park/childcare amenities and small-market employment concentration warrant monitoring