| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 21st | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 55 N E St, Porterville, CA, 93257, US |
| Region / Metro | Porterville |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | 2005-11-08 |
| Transaction Price | $250,000 |
| Buyer | PEARSON STEVE R |
| Seller | DAYBELL CAROLYN R |
55 N E St Porterville 28-Unit Multifamily
Neighborhood occupancy is steady with a deep renter base, according to WDSuite s CRE market data, supporting durable leasing for a 2008-built asset in an older housing context. Investors can underwrite consistent demand while evaluating value-add positioning against predominantly pre-1960s stock nearby.
The property sits in an Inner Suburb pocket of the Visalia, CA metro rated A- by WDSuite, with the neighborhood ranked 28 out of 142 9that places it competitive among Visalia neighborhoods. Occupancy in the neighborhood trends strong (rank 50 of 142, top quartile nationally by percentile), a constructive backdrop for stabilizing lease-up and renewals.
Renter concentration in the neighborhood is high at 68% of housing units renter-occupied (rank 8 of 142; top national percentile), indicating a large tenant base and depth for multifamily demand. With a rent-to-income ratio around the low-20s, pricing power exists but should be balanced with affordability management to support retention.
The area skews older in building stock (average vintage 1951), while this asset a0built in 2008 a0should compete well versus nearby properties. Newer construction can reduce near-term capital intensity relative to legacy product, though investors should still plan for mid-life system updates and selective common-area modernization as part of a value-add thesis.
Daily needs are convenient: grocery and pharmacy access rank near the top of the metro and in the mid-90s percentiles nationally, and restaurants are plentiful. Caf e9 and park density are limited, so lifestyle amenities are more utilitarian than experiential. Average school ratings in the neighborhood sit below national norms, which can influence family renter retention strategies.
Within a 3-mile radius, WDSuite data shows recent population and household growth with further expansion projected over the next five years, pointing to a larger tenant base and sustained apartment demand. Elevated value-to-income levels versus national peers suggest a higher-cost ownership market locally, which tends to reinforce reliance on rental housing; this aligns with investor takeaways from multifamily property research rather than for-sale dynamics.
Comparable crime rankings for this specific neighborhood are not available in WDSuite s current dataset. Investors typically benchmark city and county trends, then overlay property-level measures (access control, lighting, onsite presence) to gauge resident experience and leasing risk. Reviewing recent public safety reports and speaking with local stakeholders can provide additional context.
Industrial and paper products employment within commuting distance supports a regional workforce draw that can underpin renter demand. Notable employer nearby includes:
- International Paper a0 paper & packaging corporate offices (18.6 miles)
This 28-unit, 2008-built property benefits from a high renter concentration and solid neighborhood occupancy, providing a favorable base case for income stability relative to older local stock. The surrounding area ranked competitive among 142 Visalia neighborhoods offers strong grocery, pharmacy, and dining access, while limited parks/caf e9 density and below-average school ratings warrant thoughtful leasing and retention plans for family renters.
According to CRE market data from WDSuite, the neighborhood s occupancy stands above the metro median and in higher national percentiles, and 3-mile demographics point to continued population and household growth that expand the tenant base. Elevated value-to-income levels indicate a higher-cost ownership market, which typically supports sustained rental demand; at the same time, rising rents should be balanced against local affordability to maintain renewal velocity.
- Strong renter concentration and competitive neighborhood occupancy support demand depth and leasing resilience.
- 2008 vintage offers competitive positioning versus older stock, with targeted mid-life system upgrades for value-add potential.
- Amenities skew to daily needs (grocery/pharmacy/dining), aiding convenience-based retention.
- Ownership costs relative to incomes reinforce renter reliance, supporting occupancy stability and pricing power.
- Risks: limited parks/caf e9 density and modest school ratings; balance rent growth with affordability to protect renewals.