| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 11th | Poor |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 885 E Putnam Ave, Porterville, CA, 93257, US |
| Region / Metro | Porterville |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 2017-12-05 |
| Transaction Price | $1,750,000 |
| Buyer | KCG PORTERVILLE TWO LLC |
| Seller | D & H INVESTMENTS INC |
885 E Putnam Ave Porterville Multifamily Investment
This 20-unit property built in 1985 offers stable neighborhood-level occupancy at 95.5% with competitive median rents of $954. According to CRE market data from WDSuite, the area demonstrates solid rental demand fundamentals in Tulare County's inner suburb market.
This Inner Suburb neighborhood in Porterville demonstrates competitive fundamentals for multifamily investors, ranking above metro median among 142 metro neighborhoods with a C+ rating. The area maintains strong neighborhood-level occupancy at 95.5%, ranking in the 74th percentile nationally, while median contract rents of $954 align with metro standards.
The property's 1985 construction year matches the neighborhood average, suggesting consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and rental premiums. With 30.3% of housing units renter-occupied, the area provides a solid tenant base, though this represents a more owner-oriented market compared to dense urban cores.
Demographics within a 3-mile radius show a population of 37,437 with moderate growth of 2.3% over five years, supporting steady rental demand. The area features larger households averaging 3.3 residents, with 53.4% of units renter-occupied. Median household income of $51,864 creates manageable rent-to-income ratios, though investors should monitor affordability pressures as contract rents have increased 15.3% over the past five years.
Local amenities include above-average cafe density ranking 5th among metro neighborhoods, while grocery access ranks in the 72nd percentile nationally. However, the area shows limited childcare, pharmacy, and restaurant options, which may impact tenant retention for families seeking comprehensive neighborhood services.
Safety data for this neighborhood is not currently available in the property records, limiting comparative analysis against metro and national crime trends. Investors should conduct independent due diligence on local safety conditions through municipal police reports and neighborhood crime statistics when evaluating this opportunity.
The Inner Suburb designation typically correlates with more stable residential environments compared to urban core areas, though specific crime metrics would be needed to validate safety positioning relative to other Visalia metro neighborhoods.
The employment base in this area is anchored by regional corporate operations, providing workforce housing opportunities for commuting professionals.
- International Paper — corporate offices (19.0 miles)
This 20-unit property presents a stable cash flow opportunity in Porterville's established rental market, with the 1985 construction vintage offering potential value-add upside through strategic renovations. The neighborhood's 95.5% occupancy rate demonstrates consistent rental demand, while the $954 median rent provides competitive positioning within the Tulare County market.
Demographic projections within the 3-mile radius support long-term fundamentals, with population growth of 2.3% and household formation trends indicating sustained renter demand. The area's rent-to-income dynamics remain manageable for tenants, though recent rent growth of 15.3% suggests pricing power exists for well-positioned properties.
- Strong neighborhood occupancy at 95.5% indicates stable rental demand
- 1985 vintage offers value-add renovation potential to enhance rents
- Growing population base within 3-mile radius supports tenant pool expansion
- Competitive median rents provide pricing flexibility in established market
- Risk: Limited nearby amenities may impact tenant retention and lease-up velocity