| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 15th | Fair |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19710 Road 231, Strathmore, CA, 93267, US |
| Region / Metro | Strathmore |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19710 Road 231, Strathmore CA Multifamily Opportunity
Neighborhood occupancy sits in the high-90s, supporting stable leasing and cash flow resilience in this submarket, according to WDSuite's CRE market data.
Neighborhood performance and demand drivers
Set in suburban Strathmore within the Visalia metro, the property benefits from a renter base supported by above-average neighborhood occupancy and a meaningful concentration of renter-occupied units. The neighborhood's occupancy ranks 31 out of 142 metro neighborhoods, placing it in the top quartile locally and competitive nationally, which points to steadier lease-up and retention prospects for multifamily.
Renter-occupied share in the neighborhood is comparatively high (upper-national percentiles), signaling depth in the tenant pool and demand stability for a 42-unit asset. Median contract rents in the neighborhood track on the lower side versus national benchmarks, which can help sustain absorption while giving operators room to manage renewals thoughtfully. Rent-to-income levels are moderate for the area, suggesting balanced affordability that can support occupancy without overextending renters.
Livability indicators are mixed. Amenity access (cafes, restaurants, parks, pharmacies) ranks toward the bottom of the Visalia metro and sits in low national percentiles, so resident convenience relies more on driving to nearby nodes. Average school ratings also trend below national midpoints, which investors should factor into unit mix positioning and marketing to households. These considerations may weigh on premium pricing but can be offset by competitive rents and strong occupancy.
Within a 3-mile radius, recent data show softer population and household counts, but forward-looking projections indicate growth in both households and incomes, implying renter pool expansion that can support occupancy over the mid-term. In ownership terms, neighborhood home values are above national midpoints, a high-cost ownership context for many local households that tends to reinforce reliance on rental housing and aid lease retention for well-managed communities.
Safety context
Neighborhood safety indicators are comparatively favorable within the Visalia metro: the area's overall crime rank sits 35 out of 142 neighborhoods, placing it near the top quartile locally and above national averages for safety. According to CRE market data from WDSuite, property-related offenses benchmark well (very high national safety percentile), which supports day-to-day operations and resident satisfaction.
Recent trends are mixed. Violent offense estimates show a year-over-year increase, even as property offense measures improved, so investors should underwrite with standard operational safeguards and monitor evolving local patterns. Framing this at the neighborhood level avoids over-precision at the block level and reflects broader conditions rather than any single property.
Employment anchors and commuter base
The area draws from a regional employment base with commuting access to industrial and corporate operations, supporting workforce housing demand. Notable nearby employer includes:
- International Paper — paper & packaging operations (12.7 miles)
Investment thesis
Built in 1988, the asset is newer than the neighborhood's mid-1960s average vintage, positioning it competitively versus older stock while still warranting targeted capital planning for aging systems and light modernization. Strong neighborhood occupancy in the top quartile of the Visalia metro underpins leasing stability, and a higher-than-average renter concentration supports depth of demand for a 42-unit property. According to WDSuite's commercial real estate analysis, neighborhood rents remain comparatively accessible, aiding absorption and renewal performance while leaving room for disciplined revenue management.
Forward-looking 3-mile demographics indicate growth in households and incomes, pointing to renter pool expansion that can support occupancy and pricing over the medium term. Amenity access and school ratings are weaker than national midpoints, which may temper premium positioning; however, a high-cost ownership backdrop for many households sustains reliance on rental housing, supporting retention for well-operated communities.
- Newer 1988 vintage versus local stock, offering competitive positioning with targeted value-add potential
- Top-quartile neighborhood occupancy in Visalia metro supports lease-up and renewal stability
- Renter concentration and comparatively accessible neighborhood rents deepen the tenant base
- 3-mile projections show household and income growth, reinforcing mid-term demand
- Risks: limited amenity access and lower school ratings may cap premium rent potential; monitor safety trend volatility