| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 41st | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Barstow Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 2012 |
| Units | 60 |
| Transaction Date | 2004-05-25 |
| Transaction Price | $632,000 |
| Buyer | SOUTHERN CALIFORNIA PRESBYTERIAN HOMES |
| Seller | VALLEY BAPTIST CHURCH OF CLOVIS |
101 Barstow Ave, Clovis Multifamily Investment
Stabilized renter demand in an inner-suburban pocket of Clovis, supported by strong neighborhood occupancy and everyday amenities, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb location with an A-rated neighborhood profile and broad daily-needs coverage. Dining density ranks first among 246 Fresno metro neighborhoods, with cafes, groceries, and parks also testing in high national percentiles — a mix that supports leasing velocity and day-to-day convenience for residents.
Neighborhood occupancy ranks at the top among 246 metro neighborhoods and reads top quartile nationally, a signal of demand depth and limited near-term competitive vacancy. Renter-occupied share in the neighborhood is elevated (95th percentile nationally), indicating a sizable tenant base that can help underpin renewal probabilities and steady absorption. For investors conducting multifamily property research, these fundamentals point to durable demand drivers rather than transient spikes.
Within a 3-mile radius, demographics show recent population growth with a projected increase in households over the next five years, implying a larger tenant base and support for occupancy stability. Average household size is edging lower in the local forecast, which can translate into more households seeking units, particularly in well-located, mid-size apartment communities.
Ownership costs in the neighborhood are elevated relative to incomes (high national percentile for value-to-income), which tends to reinforce reliance on rental options and can support pricing power, while the neighborhood s rent-to-income positioning suggests room for disciplined revenue management rather than aggressive pushes. Average school ratings trend below national norms; investors should underwrite this by emphasizing amenity access and convenience positioning when targeting renter profiles.
Construction patterns in the immediate area skew older (average vintage around 1971 across the neighborhood), while the subject s 2012 construction provides a relative competitive edge versus legacy stock; investors should still plan for mid-life system updates and targeted common-area refreshes to maintain positioning against newer deliveries across the metro.
Safety indicators are mixed but generally favorable in broader context. The neighborhood s crime metrics place it above the national median for safety (around the low-70s national percentile), translating to top quartile nationally, while its relative standing within the Fresno metro is more middle-of-pack to competitive depending on the category.
Recent trends show a notable year-over-year decline in property offenses (strong improvement rank within the metro), contrasted by an uptick in violent offense measures over the same period. For investors, this suggests monitoring trajectory rather than assuming a straight-line improvement, but the current national-percentile positioning still compares well to many peer submarkets.
Regional employment access is diversified at the metro scale; the nearest identified corporate office below underscores commuter-oriented demand that can aid retention.
- Con Agra Foods — corporate offices (29.1 miles)
Built in 2012 with 60 units, the asset benefits from a newer vintage relative to an older neighborhood baseline, offering competitive positioning versus legacy stock and potentially lower near-term capital intensity. Strong neighborhood occupancy — top among 246 Fresno metro neighborhoods and top quartile nationally — indicates resilient renter demand and supports steady renewal performance, according to CRE market data from WDSuite.
High dining and daily-needs amenity density, elevated neighborhood renter concentration, and a 3-mile radius outlook that points to household growth collectively support leasing stability. Ownership costs benchmark high versus incomes locally, reinforcing reliance on rental housing and providing measured pricing leverage, while below-average school ratings and a recent uptick in violent offense measures merit conservative underwriting and ongoing monitoring.
- Newer 2012 construction versus older neighborhood stock supports competitive positioning
- Neighborhood occupancy ranks first among 246 metro areas, indicating durable demand
- Dense amenities (restaurants, cafes, groceries, parks) bolster retention and lease-up
- Elevated ownership costs relative to income sustain renter reliance and pricing power
- Risks: softer school ratings and mixed safety trend warrant disciplined underwriting