| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 16th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 569 N Elmwood Ave, Lindsay, CA, 93247, US |
| Region / Metro | Lindsay |
| Year of Construction | 1989 |
| Units | 21 |
| Transaction Date | 2006-08-01 |
| Transaction Price | $1,199,000 |
| Buyer | KAWEAH MANAGEMENT COMPANY |
| Seller | ROGERS JOHN C |
569 N Elmwood Ave, Lindsay CA Multifamily Investment
Neighborhood occupancy remains high with a balanced renter base, supporting steady leasing conditions according to WDSuite’s CRE market data. Rent levels are comparatively accessible for the Visalia metro, which can aid retention and stabilize turnover.
Located in Lindsay within the Visalia, CA metro, the neighborhood carries a B+ rating and ranks 43 out of 142 metro neighborhoods — competitive among Visalia neighborhoods and above the metro median. Occupancy in the neighborhood is reported at 96.7%, placing it in the top quartile nationally, a signal of durable demand for professionally managed rentals.
Vintage matters: the property was built in 1989, whereas neighborhood stock skews older (average 1966). The relatively newer vintage can be competitively positioned against older properties, while investors should still plan for targeted modernization and systems updates typical of late-1980s construction.
Within a 3-mile radius, demographics indicate a large family-oriented renter pool today and an expected increase in households over the next five years, supporting a larger tenant base for multifamily operators. While recent population trends were mixed, the projected growth and household expansion point to ongoing renter pool expansion that can support occupancy stability.
Local amenity access is mixed: grocery and park availability rank in the upper national percentiles, but cafes and pharmacies are sparse. Average school ratings in the area trend below national norms. For investors, this suggests a workforce-oriented demand profile where value, functional unit layouts, and on-site features can help drive leasing performance versus reliance on high-end retail adjacency.
Home values in the neighborhood are elevated relative to local incomes, and rent-to-income metrics remain moderate. In investor terms, a high-cost ownership market can reinforce reliance on rental housing, supporting tenant retention and pricing discipline when paired with well-managed affordability.
Safety indicators compare favorably at the national level. The neighborhood falls above the national median for overall safety (62nd percentile nationwide), and violent offense metrics show strong relative safety, trending in the top decile nationally (around the 92nd percentile). Recent data also indicates an improvement trend for violent incidents year over year.
Property-related offenses benchmark well nationally (around the 90th percentile), though recent year estimates point to a short-term uptick. For investors, this mixed picture suggests generally supportive safety context with a need for routine operational measures such as lighting, access control, and resident engagement to maintain performance. Metrics reflect neighborhood-level trends, not the specific property.
Proximity to industrial and logistics employment supports workforce housing demand and commute convenience for renters, with access to regional manufacturing.
- International Paper — manufacturing/packaging (8.0 miles)
This 21-unit asset offers exposure to a high-occupancy Lindsay submarket with a renter-occupied share near half of housing units, indicating a balanced but deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy sits in the top quartile nationally, and local rent-to-income levels remain moderate — conditions that can support lease retention and steady collections. The 1989 vintage is newer than much of the surrounding housing stock, providing a relative competitive edge versus older assets while leaving room for targeted value-add through interior refreshes and system updates.
Within a 3-mile radius, projections point to an increase in households over the next five years, implying a larger tenant base and support for occupancy stability. Amenity depth is mixed, and school ratings trend below national averages, so investors should emphasize practical features, responsive management, and unit functionality to capture workforce demand. Overall, the combination of strong neighborhood occupancy, supportive rental dynamics, and value-add potential underpins a measured long-term thesis.
- High neighborhood occupancy and balanced renter concentration support steady leasing
- 1989 vintage is competitive versus older local stock; scope for value-add and modernization
- Household growth within 3 miles expands the tenant base and supports occupancy stability
- Moderate rent-to-income context aids retention and pricing discipline
- Risks: thinner retail/amenity mix and lower school ratings require focus on on-site value and operations