| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 51st | Best |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4119 W Walnut Ave, Visalia, CA, 93277, US |
| Region / Metro | Visalia |
| Year of Construction | 1987 |
| Units | 103 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4119 W Walnut Avenue Visalia Multifamily Investment
This 103-unit property built in 1987 benefits from strong neighborhood fundamentals, with median rents ranking first among 142 metro neighborhoods and NOI per unit in the top 2% regionally, according to CRE market data from WDSuite.
The property sits within an A+ rated inner suburb neighborhood that ranks 4th overall among 142 neighborhoods in the Visalia metro. Built in 1987, the property aligns with the neighborhood's average construction year, suggesting consistent building stock without immediate capital expenditure pressures compared to older vintage properties.
Rental fundamentals demonstrate exceptional strength, with median contract rents of $1,805 ranking first in the metro and placing in the 88th percentile nationally. The neighborhood maintains a 93.4% occupancy rate with stable tenant retention, while NOI per unit averages $13,188—ranking 2nd among all metro neighborhoods and in the 91st percentile nationally. This rental performance occurs within a market where 35.1% of housing units are renter-occupied, providing a solid tenant base.
Demographics within a 3-mile radius support sustained rental demand, with a population of approximately 73,000 and median household income of $83,882. The area shows positive growth trends with population increasing 10.6% over five years. Forecasts indicate continued expansion, with household counts projected to grow 44.9% through 2028 and median incomes rising to $111,938, supporting both occupancy stability and potential rent growth.
The neighborhood offers solid amenities for tenant retention, including above-average childcare access (88th percentile nationally) and parks (80th percentile nationally). School ratings average 3.0 out of 5, ranking 6th in the metro. While grocery and cafe access is limited, pharmacy availability ranks in the 80th percentile nationally, contributing to overall livability for residents.
Safety metrics show moderate performance relative to metro and national benchmarks. Property crime rates of 45.4 incidents per 100,000 residents rank 49th among 142 metro neighborhoods, placing in the 76th percentile nationally. Notably, property crime declined 22.7% year-over-year, ranking 13th for improvement trends in the metro.
Violent crime rates of 32.2 incidents per 100,000 residents rank 47th in the metro, positioning the neighborhood near the median for the region. The overall crime rank of 40th among 142 neighborhoods places it in the 60th percentile nationally, indicating above-average safety conditions compared to neighborhoods nationwide.
The area benefits from proximity to established corporate operations that support workforce housing demand and commute convenience for tenants.
- International Paper — corporate offices (9.1 miles)
- Con Agra Foods — corporate offices (44.2 miles)
This 103-unit property presents compelling fundamentals within Visalia's strongest rental submarket. The neighborhood's first-place rent ranking and top-2% NOI performance reflect sustained tenant demand and effective property operations. Built in 1987, the property offers potential value-add opportunities through strategic capital improvements while benefiting from established neighborhood infrastructure.
Demographic trends support long-term investment stability, with population growth of 10.6% over five years and projected household expansion of 44.9% through 2028. The area's median household income of $83,882 provides adequate tenant creditworthiness, while forecasted income growth to $111,938 suggests rent growth potential. However, investors should monitor the relatively low rental share of 35.1% and potential competition from homeownership options given the area's value-to-income ratio.
- Top-tier rent performance: #1 ranking among 142 metro neighborhoods
- Strong NOI fundamentals in 91st percentile nationally
- Stable 93.4% neighborhood occupancy with positive demographic growth
- 1987 construction offers value-add renovation potential
- Risk consideration: Lower rental tenure share may indicate ownership competition