| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 11th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 910 N Mooney Blvd, Visalia, CA, 93291, US |
| Region / Metro | Visalia |
| Year of Construction | 1979 |
| Units | 20 |
| Transaction Date | 2013-11-21 |
| Transaction Price | $895,000 |
| Buyer | RONG KEBIN |
| Seller | JOHANNS LAWRENCE |
910 N Mooney Blvd, Visalia CA Multifamily Investment
Stable renter demand and high neighborhood occupancy support consistent leasing, according to CRE market data from WDSuite. The immediate area shows a deep renter-occupied base, which can underpin cash flow durability through cycles.
This inner-suburb location in Visalia offers a primarily residential setting with limited amenity density inside the neighborhood footprint; residents typically rely on nearby corridors for daily needs. Average school ratings in the neighborhood trend below national norms, which can shape tenant mix toward value-oriented renters rather than school-driven movers.
Neighborhood metrics (measured for the neighborhood, not the property) indicate occupancy near the high-90s and top decile nationally, based on CRE market data from WDSuite. The renter-occupied share is in the low-60s and also ranks in a high national percentile, signaling a sizable tenant base that can support leasing velocity and retention. Median asking rents in the neighborhood sit near the middle of national distributions, while the neighborhood’s rent-to-income ratio reads on the lower side, suggesting moderated affordability pressure that can aid lease management.
Within a 3-mile radius, population and households expanded by roughly 10% over the past five years, with additional growth projected over the next five, pointing to a larger tenant base and support for occupancy stability. Household sizes are broadly steady locally, and income distributions have shifted upward in the radius, which can sustain demand for well-managed workforce housing.
Ownership costs in the neighborhood remain relatively elevated versus local incomes by national comparison, which tends to reinforce reliance on rental housing and supports pricing power when units are well maintained. Given the property’s 1979 vintage relative to an older neighborhood average (1960), thoughtful upgrades can position the asset competitively against mid-century stock while planning for aging systems.
Safety indicators show a mixed profile. Relative to other Visalia neighborhoods (142 total), the area trends less favorable on crime, indicating investors should account for practical security measures and tenant screening. Nationally, some measures compare more favorably, and both violent and property offense estimates declined sharply year over year, according to WDSuite’s CRE market data. Monitoring trend direction and maintaining visible on-site standards typically supports retention and collections.
The local employment base features industrial and logistics users that help support workforce renter demand and commuting convenience. Nearby employers include:
- International Paper — paper & packaging (8.2 miles)
910 N Mooney Blvd is a 20-unit, 1979-vintage asset positioned in a neighborhood with high occupancy and a deep renter-occupied base, supporting leasing stability. Within a 3-mile radius, population and household growth over the past five years — with further gains projected — point to ongoing renter pool expansion that can sustain absorption and renewal rates. Based on CRE market data from WDSuite, neighborhood rent levels align with mid-market renter demand while rent-to-income readings suggest manageable affordability pressure for prudent lease management.
The 1979 construction is newer than much of the surrounding mid-century housing stock, creating a practical value-add path: targeted interior updates and system modernization can enhance competitiveness against older properties. Investors should underwrite for security best practices and marketing that emphasizes value, given below-average neighborhood school ratings and limited nearby amenities, while leveraging demand depth and strong occupancy trends.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 3-mile population and household growth expands the tenant base and supports renewals
- 1979 vintage offers value-add potential versus older local stock with targeted upgrades
- Mid-market rent positioning with lower rent-to-income readings aids pricing and retention
- Risks: locally less favorable safety rank, limited nearby amenities, and below-average school ratings