| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 18th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1585 W Putnam Ave, Porterville, CA, 93257, US |
| Region / Metro | Porterville |
| Year of Construction | 1980 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1585 W Putnam Ave Porterville Multifamily Investment
Stabilized renter demand and strong neighborhood fundamentals support consistent leasing, according to WDSuite’s CRE market data. The submarket’s amenity access and high neighborhood occupancy point to durable cash-flow dynamics for a 39-unit asset.
The property sits in an Inner Suburb location that ranks 13 out of 142 neighborhoods in the Visalia, CA metro, placing it competitive among Visalia neighborhoods and above the metro median for overall performance. Neighborhood occupancy is elevated and sits in the top quartile nationally, supporting steady leasing conditions for multifamily operators.
Amenity access is a local strength: restaurants, cafes, parks, and pharmacies are comparatively dense for the area, which helps with resident retention and day-to-day convenience. Median rent burdens in the neighborhood are moderate (rent-to-income near the national middle), a profile that can support renewal rates and measured pricing power.
Within a 3-mile radius, population and household counts have expanded over the past five years, with WDSuite indicating continued population growth ahead. At the same time, average household size has been trending lower, which typically broadens the renter pool and supports occupancy stability for smaller floor plans like the property’s average 619-square-foot units.
Ownership costs are lower than many California markets, which can create some competition with entry-level ownership; however, the combination of elevated neighborhood occupancy and growing household counts suggests a sufficient tenant base for well-managed rentals. School ratings in the area are below national averages, an operational consideration for family-oriented product; positioning toward workforce renters may mitigate exposure. These dynamics align with what investors would expect from data-driven multifamily property research.
Neighborhood-level crime benchmarks for this area are not available in the current WDSuite release, so comparative safety insights are limited. Investors typically pair on-the-ground diligence with city and county public records to assess trends over time and how they may influence leasing, insurance, and operating practices.
Given the strong neighborhood occupancy and active amenities nearby, many owners focus on property-level measures (lighting, access control, and resident engagement) and review local trend data to calibrate risk rather than relying on block-level snapshots.
Regional employment is anchored by industrial and manufacturing footprints that help sustain workforce housing demand. Nearby, International Paper contributes to steady commuting patterns that can support renter retention.
- International Paper — paper & packaging manufacturing (17.6 miles)
This 39-unit asset benefits from a neighborhood ranked above the metro median with high occupancy and solid amenity access—factors that typically support leasing velocity and renewal rates. Within a 3-mile radius, population and household growth, alongside gradually declining household sizes, signal a larger tenant base over time and support for smaller units. According to CRE market data from WDSuite, the neighborhood’s rent-to-income sits near national norms, suggesting manageable affordability pressure that can underpin retention while allowing for disciplined rent steps.
Counterpoints include below-average school ratings and a local ownership landscape that can create competition for some renter segments. Still, the combination of steady neighborhood occupancy, expanding households, and workforce-oriented demand provides a credible foundation for long-term operations with prudent expense and capital planning.
- Competitive neighborhood ranking and elevated occupancy support leasing stability
- 3-mile radius shows population and household growth, expanding the renter pool
- Amenity density (restaurants, parks, pharmacies) aids resident retention
- Rent-to-income near national norms supports disciplined rent growth and renewals
- Risks: below-average school ratings and some competition from entry-level ownership