| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 31st | Good |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 803 S Demaree St, Visalia, CA, 93277, US |
| Region / Metro | Visalia |
| Year of Construction | 1974 |
| Units | 40 |
| Transaction Date | 2011-08-01 |
| Transaction Price | $1,920,000 |
| Buyer | --- |
| Seller | Hussain Ayad Family Trust |
803 S Demaree St Visalia Multifamily Investment
This 40-unit property built in 1974 operates in a neighborhood with 94.8% occupancy and 84.3% rental tenure share. The area demonstrates strong renter retention according to CRE market data from WDSuite.
The property sits in an Inner Suburb neighborhood ranked 38th among 142 neighborhoods in the Visalia metro, earning a B+ rating. With 84.3% of housing units occupied by renters—ranking 1st in the metro and 99th percentile nationally—this area shows exceptional rental market depth that supports consistent tenant demand.
Built in 1974, the property aligns with the neighborhood's average construction year of 1981, indicating potential value-add opportunities through strategic renovations and unit improvements. The area maintains a 94.8% occupancy rate, ranking in the 70th percentile nationally, while median rents of $1,047 position units competitively within the broader market.
Demographics within a 3-mile radius show 89,016 residents with household income growth of 42.5% over five years, reaching a median of $81,715. Population growth of 12.1% supports expanding renter demand, while forecasts project continued household formation through 2028. The high rental tenure share reinforces this area's role as workforce housing for the Visalia market.
Amenity access includes 1.99 grocery stores per square mile (83rd percentile nationally) and 9.94 restaurants per square mile (90th percentile), supporting tenant retention. However, limited childcare and park amenities may affect family appeal, suggesting the property serves working professionals and smaller households.
The neighborhood ranks 22nd out of 142 metro neighborhoods for overall crime metrics, placing it in the 66th percentile nationally for safety. Property crime rates show improvement with a 39.1% decrease over the past year, ranking 11th among metro neighborhoods and 81st percentile for crime reduction trends.
Violent crime rates remain moderate at 34.5 incidents per 100,000 residents, with an 8.7% year-over-year decrease. These improving safety trends support tenant retention and can enhance the property's competitive position for lease renewals and new resident attraction.
The area benefits from proximity to corporate offices that provide employment stability for the local workforce housing market.
- International Paper — corporate offices (9.0 miles)
- Con Agra Foods — corporate offices (44.2 miles)
This 40-unit property offers investors access to Visalia's strongest rental market fundamentals, with 84.3% rental tenure share ranking 1st metro-wide and 99th percentile nationally. The 1974 construction year presents value-add renovation opportunities while neighborhood occupancy of 94.8% demonstrates consistent demand. Demographics within a 3-mile radius show 12.1% population growth and 42.5% household income increases, supporting rental demand expansion through 2028.
According to multifamily property research from WDSuite, the area's Net Operating Income per unit averages $20,715—ranking 1st among metro neighborhoods and 99th percentile nationally. Improving safety metrics with 39.1% property crime reduction and competitive $1,047 median rents position this asset for stable cash flows and potential rent growth as the market matures.
- Exceptional rental market depth with 84.3% rental tenure share
- Value-add potential through 1974 vintage property improvements
- Strong NOI performance ranking 1st among 142 metro neighborhoods
- Growing demographic base with 12.1% population increase
- Risk: Limited amenity density may constrain tenant appeal for families