| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 16th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 701 Ash Ave, Lindsay, CA, 93247, US |
| Region / Metro | Lindsay |
| Year of Construction | 1989 |
| Units | 40 |
| Transaction Date | 2017-06-19 |
| Transaction Price | $449,500 |
| Buyer | LINDSAY DELTA VISTA MANOR LP |
| Seller | DELTA VISTA ASSOCIATES |
701 Ash Ave Lindsay CA 40-Unit Multifamily
Neighborhood occupancy is robust and renter demand is durable for this Lindsay asset, according to WDSuite s CRE market data, supporting steady operations in a value-oriented Central California location.
Positioned in Lindsay s Inner Suburb area, the neighborhood carries a B+ rating and is competitive among Visalia, CA neighborhoods (ranked 43 out of 142), indicating solid fundamentals for everyday rental housing. According to CRE market data from WDSuite, neighborhood occupancy is elevated with a stable multi-year trajectory, a constructive backdrop for income consistency.
Local livability supports workforce housing: grocery access and park coverage trend above metro medians, while cafes and pharmacies are limited. Average school ratings in the area are on the lower side, which is a consideration for family-oriented leasing strategies, but proximity to everyday services helps underpin routine convenience.
Renter concentration at the neighborhood level is near parity with owner-occupied units, reinforcing the depth of the tenant base and supporting leasing continuity. Median contract rents sit on the lower end for the metro, and rent-to-income levels suggest manageable affordability a setup that can aid retention while still allowing disciplined revenue management.
Within a 3-mile radius, recent years show modest population softness but household counts are broadly stable, with forward-looking projections indicating population growth and an increase in households. That outlook points to a larger tenant base over the medium term, which can support occupancy stability and measured rent growth as new households enter the market.
Safety signals are mixed when viewed across different benchmarks. Violent offense rates score in the top decile nationally (safer than most neighborhoods nationwide), and property offense indicators also trend strong on a national-comparison basis. However, WDSuite s data shows a recent one-year uptick in property offenses, so investors should monitor trends rather than rely on a single point-in-time reading.
At the metro level, conditions can vary block to block and some parts of the Visalia area report comparatively higher incident rates than metro averages. Framing risk in relative terms and tracking multi-year patterns is prudent for underwriting, tenant retention strategies, and on-site security planning.
Nearby employment includes paper and packaging corporate operations that contribute to the local workforce and support renter demand through commute convenience.
- International Paper paper & packaging corporate office (7.5 miles)
701 Ash Ave is a 40-unit multifamily property built in 1989, newer than the neighborhood s average vintage. That relative youth helps competitive positioning versus older local stock, while still leaving room for targeted system updates or light renovations to enhance durability and renter appeal. Neighborhood occupancy trends are strong and renter concentration is healthy, suggesting consistent leasing and a stable rent roll. Elevated ownership costs in the broader area support sustained reliance on rental housing, and rent-to-income levels indicate room for disciplined pricing without overextending affordability.
Within a 3-mile radius, recent softness in population contrasts with projections for population growth and a notable increase in households over the next five years, pointing to a larger tenant base and potential renter pool expansion. According to CRE market data from WDSuite, the submarket s amenity mix is anchored by everyday services rather than lifestyle retail, which fits a workforce-housing profile and supports steady occupancy and retention.
- 1989 vintage offers competitive positioning versus older local stock with scope for targeted updates
- Strong neighborhood occupancy and balanced renter concentration support stable leasing
- Ownership costs reinforce rental demand, while rent-to-income levels support retention and measured pricing
- 3-mile forecasts indicate population and household growth, expanding the tenant base over time
- Risks: recent uptick in property offenses, limited lifestyle amenities, and below-average school ratings warrant conservative underwriting