| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 41st | Best |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 303 W Kimball Ave, Visalia, CA, 93277, US |
| Region / Metro | Visalia |
| Year of Construction | 2000 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
303 W Kimball Ave, Visalia Multifamily Opportunity
Neighborhood occupancy trends sit around the low-90s and rents price above the metro median, suggesting steady renter demand according to WDSuite’s CRE market data.
This 95-unit, 2000-vintage community is in a suburban Visalia neighborhood where cafes and restaurants are competitive among 142 metro neighborhoods, while parks are also a relative strength. Grocers are around the metro median, but pharmacy and childcare access are limited, which may influence tenant expectations and service mix.
The property s vintage is newer than the neighborhood average construction year of 1983, offering a competitive edge versus older stock. Investors should still plan for targeted system updates and modernization typical of early-2000s assets to support retention and leasing.
Rents in the neighborhood rank above the metro median and sit above national midpoints, supported by stronger household incomes locally. Rent-to-income levels in the neighborhood are near national medians, pointing to manageable affordability pressure that can support retention, though it may temper outsized near-term pricing power.
Unit tenure signals a nuanced demand picture: the immediate neighborhood shows a lower renter-occupied share, while the 3-mile radius aggregates to a larger renter pool (42% renter-occupied), creating a broader base for leasing. Within that 3-mile radius, population has grown in recent years with further population growth and a meaningful increase in households forecast by 2028, which supports occupancy stability and ongoing demand for rental units based on CRE market data from WDSuite.
Home values in the neighborhood are elevated for the metro yet close to national midpoints, indicating a high-cost ownership market locally but not extreme by national standards. This context typically sustains reliance on multifamily housing while introducing some competition from ownership options a consideration for lease management and renewal strategy.
Safety indicators compare favorably at the national level, with the neighborhood landing above the national median for safety. Recent trends show a notable year-over-year decline in both violent and property offenses, reinforcing an improving backdrop. As always, conditions can vary by block, so investors should pair these signals with on-the-ground diligence.
Constructed in 2000, this 95-unit asset is newer than much of the surrounding stock, which helps competitive positioning while leaving room for targeted upgrades to drive rent premiums and retention. Neighborhood rents sit above metro medians and national midpoints, supported by higher local incomes, while occupancy in the area trends around the low-90s ogether suggesting baseline stability with measured upside.
Within a 3-mile radius, recent population growth and a projected increase in households point to a larger tenant base over the next several years, supporting leasing and renewal performance. At the same time, ownership costs are elevated locally but near national midpoints, which can sustain rental demand yet introduce some competition from for-sale housing. According to CRE market data from WDSuite, amenities are a mixed bag strong for cafes, restaurants, and parks, but limited for pharmacies and childcare a manageable operational consideration.
- 2000 vintage offers relative competitiveness vs. older stock, with value-add potential through modernization.
- Neighborhood rents above metro medians and strong local incomes support demand and retention.
- 3-mile radius shows population growth and a forecasted increase in households, expanding the renter pool.
- Amenities favorable for cafes, restaurants, and parks; limited pharmacy/childcare access is an operational consideration.
- Risk: Ownership options are relatively accessible for the metro, which can compete with rentals and moderate pricing power.