| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 63rd | Best |
| Amenities | 84th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 N Hall St, Visalia, CA, 93291, US |
| Region / Metro | Visalia |
| Year of Construction | 2008 |
| Units | 20 |
| Transaction Date | 2025-09-10 |
| Transaction Price | $3,550,000 |
| Buyer | DREAMSPAL LLC |
| Seller | CERM PROPERTIES LLC |
215 N Hall St Visalia Multifamily Investment
This 20-unit property built in 2008 sits in Visalia's top-rated neighborhood with strong amenity access and above-average renter retention. CRE market data from WDSuite indicates favorable positioning in a market showing consistent rental demand.
Located in Visalia's premier neighborhood, ranking 1st among 142 metro neighborhoods with an A+ rating, this inner suburb offers compelling fundamentals for multifamily investors. The area demonstrates strong amenity density, ranking in the 93rd percentile nationally for restaurants and 83rd percentile for parks, supporting tenant retention and lease-up velocity.
The property's 2008 construction year positions it favorably within a neighborhood where average building vintage dates to 1966, offering modern appeal with reduced near-term capital expenditure needs compared to older stock. Neighborhood-level occupancy stands at 90.9% with 40% of housing units renter-occupied, indicating stable rental demand in the 80th percentile nationally.
Demographics within a 3-mile radius show population growth of 13.7% over five years, with household formation driving expansion in the renter pool. Median household income reaches $74,691 with strong growth momentum of 42.8% over five years. Forecasted household growth of 47.1% through 2028 supports sustained multifamily demand, while median rent projections of $1,707 suggest pricing power potential.
Home values averaging $446,133 in the neighborhood rank in the 80th percentile nationally, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing. The rent-to-income ratio of 0.16 indicates manageable affordability pressures for tenant retention.
Safety metrics show mixed trends that warrant monitoring. Property crime rates rank 60th among 142 metro neighborhoods, placing the area slightly below metro median. However, violent crime trends show improvement with a 41.6% decrease over the past year, ranking in the 82nd percentile nationally for crime reduction.
Overall crime performance places the neighborhood in the 45th percentile nationally, suggesting moderate safety conditions relative to comparable markets. Investors should consider these metrics alongside strong demographic fundamentals and amenity access when evaluating tenant appeal and retention strategies.
The surrounding employment base includes corporate operations that support workforce housing demand in the area.
- International Paper — corporate offices (7.8 miles)
This 20-unit property offers exposure to Visalia's strongest neighborhood fundamentals, combining modern 2008 construction with top-tier amenity access and demographic growth. The A+ neighborhood rating reflects superior positioning among 142 metro areas, while 13.7% population growth within a 3-mile radius expands the tenant base. According to commercial real estate analysis from WDSuite, the area's 90.9% occupancy rate and 40% renter share indicate stable rental demand dynamics.
Forecasted household growth of 47.1% through 2028 supports long-term absorption, while projected median rent increases to $1,707 suggest pricing power potential. The property's modern vintage reduces near-term capital expenditure needs compared to the neighborhood's 1966 average construction year, positioning it competitively for value retention and operational efficiency.
- Top-rated A+ neighborhood ranking 1st among 142 metro areas
- Strong demographic growth with 47.1% forecasted household expansion through 2028
- Modern 2008 construction reduces capital expenditure needs versus older neighborhood stock
- Superior amenity access ranking 93rd percentile nationally for restaurants
- Risk consideration: Mixed safety metrics require ongoing tenant retention monitoring