| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 12th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 251 N Westwood Ave, Lindsay, CA, 93247, US |
| Region / Metro | Lindsay |
| Year of Construction | 1979 |
| Units | 56 |
| Transaction Date | 2012-10-06 |
| Transaction Price | $1,625,000 |
| Buyer | LINDSAY ASSET GROUP LLC |
| Seller | SANDHU MUKAND S |
251 N Westwood Ave Lindsay Multifamily Investment
Neighborhood fundamentals point to durable renter demand with occupancy trending in the low-90s at the neighborhood level and a high share of renter-occupied housing, according to WDSuite’s CRE market data. Positioned in Tulare County, the asset benefits from a lower-rent submarket that supports lease-up and retention for workforce tenants.
Located in Lindsay within the Visalia, CA metro, the neighborhood carries a B- rating and demonstrates stable renter demand. Neighborhood occupancy is above the national median and has improved over the past five years, supporting income consistency. The area’s renter concentration is among the strongest in the metro (top quartile among 142 neighborhoods), signaling a deep tenant base for multifamily operators rather than owner-occupied turnover.
Daily convenience is adequate relative to the region: cafes are competitive among Visalia neighborhoods (ranked 12 of 142 and in a high national percentile), groceries are competitive as well (54 of 142), and pharmacies are also competitive (25 of 142). Park and childcare access are limited within the neighborhood (both rank at or near the bottom among 142), which may influence tenant mix and amenities strategy for family households.
At the neighborhood level, contract rents benchmark below national medians, which can aid occupancy and leasing velocity. Home values are slightly above national midpoints, and the value-to-income ratio sits in a high national percentile, indicating a high-cost ownership market relative to incomes that tends to reinforce reliance on rental housing rather than near-term move-outs to ownership.
Demographic statistics aggregated within a 3-mile radius show modest population contraction in recent years but forecasts point to growth ahead, with households projected to increase. This suggests a larger tenant base over the medium term, supporting occupancy stability and measured rent growth management. Average household size has edged down, which can sustain demand for smaller formats without eroding overall renter pool expansion.
Vintage matters: built in 1979, the property is newer than the neighborhood’s average housing stock, helping competitive positioning versus pre-war product. Investors should still plan for ongoing capital work typical of late-1970s construction (systems modernization and common-area refresh) to maintain leasing momentum.
Comparable crime metrics for this neighborhood were not available in WDSuite’s dataset. Investors typically benchmark safety by comparing neighborhood trends to metro and national baselines and by evaluating on-the-ground factors such as visibility, lighting, and property management presence. Consider reviewing recent city and county crime reports for Tulare County to contextualize risk relative to nearby Visalia-area neighborhoods.
Proximity to regional employment supports workforce housing demand, with access to manufacturing and industrial offices noted below.
- International Paper — manufacturing & corporate offices (8.2 miles)
This 56-unit, 1979-vintage asset aligns with a renter-heavy neighborhood where occupancy has held above national midpoints and improved over the past five years. The submarket’s lower relative rent levels support leasing velocity, while a high value-to-income ownership landscape sustains reliance on rentals. According to CRE market data from WDSuite, local amenities are competitive at the neighborhood scale for cafes, groceries, and pharmacies, helping daily convenience for residents.
Forward-looking 3-mile demographics indicate household growth, pointing to a larger tenant base and potential for stable occupancy. Given the property’s later vintage relative to older area stock, targeted system upgrades and curb-appeal improvements can enhance competitive positioning without the scope of a deep repositioning.
- Renter concentration among the highest in the Visalia metro supports demand depth and lease retention.
- Neighborhood occupancy above national midpoints with five-year improvement underpins income stability.
- Lower relative rents paired with a high-cost ownership environment reinforce steady renter reliance.
- 1979 vintage offers competitive positioning versus older stock, with selective upgrades to drive NOI.
- Risks: limited parks/childcare amenities and mixed recent population trends warrant targeted marketing and amenity planning.