| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 40th | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 W Walnut Ave, Visalia, CA, 93277, US |
| Region / Metro | Visalia |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2000-09-07 |
| Transaction Price | $650,000 |
| Buyer | SAEDI AHMAD |
| Seller | OURIQUE MANUEL F |
1600 W Walnut Ave, Visalia Multifamily Investment
Steady neighborhood occupancy and a broad renter base point to durable leasing conditions, according to WDSuite’s CRE market data. With nearby daily-needs retail and service amenities, this asset is positioned for consistent demand relative to comparable inner-suburb locations.
Located in an inner-suburb pocket of Visalia, the neighborhood scores competitive among 142 metro neighborhoods, supported by convenient access to daily-needs retail. Grocery and restaurant density ranks near the top locally, while cafes, parks, and pharmacies are limited—suggesting day-to-day convenience but fewer lifestyle destinations on immediate blocks. For investors, this mix supports routine leasing yet may cap premium rent capture tied to walkable leisure amenities.
Neighborhood occupancy is stable and has trended upward over the past five years, supporting income durability through typical cycles. Renter-occupied share in the neighborhood is around one-third of housing units, indicating a meaningful tenant base; within a 3-mile radius, renter concentration is higher, deepening the pool for multifamily assets and supporting absorption and renewal potential.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding, which should enlarge the renter pool and support occupancy stability. Average household sizes are steady, pointing to demand across conventional unit mixes. Median home values are elevated for the local income profile—top-quintile nationally by value-to-income—creating a high-cost ownership market that tends to sustain reliance on rental housing and support pricing power for well-maintained properties.
Schools in the area average below the metro’s leaders, which can temper appeal for some family renters; however, strong grocery and childcare access bolster day-to-day livability. Overall, the neighborhood sits near the national middle on broad amenity measures (with standout food and grocery access), offering dependable demand drivers rather than discretionary, lifestyle-led premium drivers.
Safety indicators for the neighborhood align roughly with the national middle, based on WDSuite’s CRE market data. Recent trends show a sizable decline in violent offenses year over year, while property offenses rose in the latest period. For investors, this mixed pattern suggests typical operational diligence—lighting, access control, and resident engagement—can help sustain retention and protect curb appeal.
In the regional context, conditions are competitive among Visalia neighborhoods rather than top quartile. Performance monitoring and standard asset management practices are advisable, especially given the recent uptick in property-related incidents, even as violent-offense trends have improved.
Proximity to manufacturing and distribution employment supports workforce housing demand and commute convenience for residents, led by nearby paper and packaging operations.
- International Paper — paper & packaging operations (7.6 miles)
This 22-unit property, built in 1972, offers a value-add path in a neighborhood with steady occupancy and expanding renter pools. The vintage invites targeted capital plans—interiors, building systems, and curb appeal—to enhance competitiveness against older local stock while capturing rent premiums supported by daily-needs amenities. According to CRE market data from WDSuite, the area’s ownership costs sit high relative to incomes, which reinforces sustained rental demand and supports rent growth potential for well-positioned assets.
Household and population growth within 3 miles, coupled with strong grocery and childcare access, underpin durable renter demand and renewal prospects. Limited lifestyle amenities (parks, cafes) and modest school ratings may cap top-of-market positioning, but the core fundamentals—renter base depth, neighborhood occupancy stability, and value-add upside tied to 1970s construction—form a credible long-term thesis.
- Stable neighborhood occupancy with expanding 3-mile renter pool supports income durability.
- 1972 vintage enables targeted renovations to capture premiums versus older local stock.
- High-cost ownership market sustains reliance on rentals, aiding pricing power for maintained assets.
- Strong grocery and childcare access bolster day-to-day livability and retention.
- Risks: modest school ratings, limited parks/cafes, and recent property-crime uptick warrant routine asset management focus.