| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 41st | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1050 Clovis Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1982 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1050 Clovis Ave, Clovis CA Multifamily Investment
Neighborhood occupancy has been exceptionally tight around this address, supporting stable tenancy potential according to WDSuite’s CRE market data; note these signals reflect neighborhood conditions, not the specific asset.
The property sits in an inner-suburb pocket of Clovis that ranks 19th among 246 Fresno metro neighborhoods (A rating), indicating a competitive submarket for renter demand. Neighborhood occupancy trends are particularly strong (top position among 246), pointing to limited available units locally and reinforcing leasing stability for professionally managed assets.
Daily-needs access is a clear strength: restaurant density is top among 246 metro neighborhoods and groceries and parks index in the 90th-plus national percentiles, supporting convenience for residents. One constraint is pharmacy access, which is limited relative to peers. School ratings in the neighborhood average near the lower end of the spectrum, which investors should consider in positioning and marketing.
The renter-occupied share of housing units in the neighborhood is elevated (63.6%), implying a deep tenant base for multifamily. Within a 3-mile radius, population and household counts have grown modestly in recent years, with forecasts showing further population growth and an increase in households by 2028, which supports ongoing renter pool expansion and occupancy stability. Median household incomes within 3 miles have risen meaningfully, improving the ability to support rent levels and retention.
Home values locally have risen over five years and sit in a higher-cost ownership context versus many U.S. neighborhoods (high national percentile value-to-income ratio). That backdrop can sustain reliance on multifamily rentals and bolster pricing power when leasing management emphasizes value and service. Neighborhood contract rents and a rent-to-income ratio near the low-20s suggest manageable affordability pressure for many renter households, which can aid renewals.
Built in 1982, the asset is newer than the neighborhood’s average vintage (1971). That positioning can be competitive versus older stock while still leaving room for targeted modernization of unit interiors and building systems to capture value-add upside and support long-term capital planning.
Safety indicators present a balanced picture. On a national basis, the neighborhood compares favorably, landing above average in several measures (higher national percentiles indicate stronger safety relative to U.S. neighborhoods). Within the Fresno metro, results are more mixed when translated to ranks among 246 neighborhoods, suggesting investors should benchmark against nearby submarkets when underwriting.
Property-related offenses show notable year-over-year improvement, and the neighborhood’s placement in higher national percentiles signals comparatively stronger conditions versus many areas nationwide. As always, property-level measures such as lighting, access control, and security protocols remain important for tenant retention and risk management.
Regional employers help support a broad renter base, with commuting patterns drawing from consumer packaged goods operations that can underpin steady workforce housing demand.
- Con Agra Foods — consumer packaged goods (29.4 miles)
This 92-unit Clovis asset benefits from a neighborhood with exceptionally tight occupancy and strong daily-needs access, supporting leasing stability and rent resiliency. Within a 3-mile radius, rising incomes and steady population and household growth point to a larger tenant base over the next several years, while a higher-cost ownership landscape tends to reinforce multifamily demand. Built in 1982, the property is newer than much of the surrounding stock, offering competitive positioning with potential value-add through targeted renovations and system upgrades. According to CRE market data from WDSuite, local occupancy indicators remain elevated relative to the metro, underscoring durable demand conditions at the neighborhood level.
Key underwriting considerations include translating strong neighborhood signals into property-level performance, calibrating rents to preserve retention where affordability pressure may emerge, and continuing to invest in security and maintenance to sustain tenant satisfaction.
- Neighborhood occupancy ranks at the top of 246 Fresno metro neighborhoods, supporting leasing stability
- 3-mile demographics show population and household growth, expanding the renter pool and supporting absorption
- Newer-than-average 1982 vintage versus local stock enables competitive positioning and value-add execution
- High-cost ownership context sustains reliance on rentals, aiding pricing power with disciplined lease management
- Risks: mixed metro safety rankings, limited nearby pharmacy access, and affordability management needed for retention