| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 42nd | Best |
| Amenities | 9th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3227 S Lovers Ln, Visalia, CA, 93292, US |
| Region / Metro | Visalia |
| Year of Construction | 2008 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3227 S Lovers Ln Visalia Multifamily Investment Opportunity
Neighborhood occupancy averages about 97% in this Visalia submarket, supporting income stability for well-managed assets according to WDSuite’s CRE market data.
Located in an inner-suburban pocket of Visalia, the neighborhood posts a high occupancy rate (about 97%), placing it in the top quartile nationally and competitive among 142 Visalia neighborhoods. Median contract rents benchmark above many U.S. areas (national percentile low‑80s), while a rent‑to‑income ratio near 0.18 suggests manageable affordability pressure that can support retention and steady leasing.
Within a 3‑mile radius, population has expanded in recent years and is projected to continue growing, with additional household gains that point to a larger tenant base. Household incomes have strengthened over the past five years and are forecast to rise further, which supports rent collections and demand depth. These growth dynamics, based on CRE market data from WDSuite, indicate a broader renter pool expansion that can reinforce occupancy stability.
The share of housing units that are renter‑occupied sits in the low‑40% range locally. For investors, this renter concentration implies a meaningful base of multifamily demand without oversaturation, reinforcing day‑to‑day leasing fundamentals and renewal prospects.
Amenity density immediately around the property is modest (very limited café, grocery, park, and pharmacy counts), though restaurant presence is closer to the metro midpoint. This lighter retail fabric may require more driving for daily needs, but it also reduces direct competition from dense mixed‑use corridors. For a 2008‑vintage, the asset skews newer than the neighborhood average year‑built (early 1990s), offering relative competitiveness versus older stock while still warranting routine mid‑life system updates and selective modernization. For investors conducting multifamily property research, these local dynamics point to stable operations with measured value‑add potential rather than reliance on amenity‑driven rent premiums.
Relative to the Visalia metro’s 142 neighborhoods, this area’s overall safety profile is competitive, trending modestly better than the metro middle and slightly above national averages. Recent data show violent‑offense rates improving year over year, while property‑offense metrics have seen an uptick. For investors, the mixed trend suggests monitoring asset‑level security practices and coordinating with local management to sustain resident confidence.
Nationally, the neighborhood aligns around the mid‑50s percentiles for overall and violent‑offense safety (safer than roughly half of U.S. neighborhoods) and fares stronger on property‑offense comparisons. Use these as directional, neighborhood‑level indicators rather than block‑specific predictors when underwriting exposure and budgeting for lighting, access control, and patrols.
Nearby industrial and corporate operations support workforce housing demand and practical commute times. Key local employer activity includes International Paper.
- International Paper — paper & packaging operations (5.0 miles)
Built in 2008 with 70 units averaging about 682 square feet, the property benefits from a neighborhood occupancy level near 97% and rent positioning that sits above many U.S. areas while remaining relatively manageable versus incomes. The 3‑mile trade area shows population growth with further gains projected, supporting a larger tenant base and reinforcing renewal prospects. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally for occupancy and posts solid national percentiles for rent and housing metrics, indicating durable renter demand.
Relative to older nearby stock (average early‑1990s vintage), 2008 construction offers competitive positioning, with typical mid‑life capital needs still expected (systems, interiors, and curb appeal). Amenity density is lighter immediately around the site, so underwriting should emphasize operational execution over walkability premiums; however, a meaningful renter‑occupied share and projected household growth suggest stable leasing and potential to capture incremental rent through targeted upgrades.
- High neighborhood occupancy supports income durability and lease retention.
- 3‑mile population and household growth expand the tenant base over the medium term.
- 2008 vintage is competitive versus older local stock, with value‑add through selective modernization.
- Rents positioned above national averages with rent‑to‑income near 0.18 support pricing without overextending residents.
- Risks: lighter amenity density and mixed property‑offense trends warrant proactive management and security planning.