| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 55th | Best |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2100 Fowler Ave, Clovis, CA, 93611, US |
| Region / Metro | Clovis |
| Year of Construction | 2005 |
| Units | 118 |
| Transaction Date | 2004-03-10 |
| Transaction Price | $784,500 |
| Buyer | CLOVIS RETIREMENT RESIDENCE LP |
| Seller | THE REGENTS OF THE UNIVERSITY OF CA |
2100 Fowler Ave Clovis Multifamily Investment Opportunity
Amenity-rich Inner Suburb location with elevated renter concentration supports demand and retention, according to WDSuite’s CRE market data. Stable neighborhood fundamentals and growing nearby households point to durable leasing with selective value-add upside.
Located in Clovis’s Inner Suburb, the neighborhood carries an A+ rating and ranks 2 out of 246 Fresno metro neighborhoods, indicating competitive positioning locally. Dining, cafes, parks, groceries, and pharmacies are dense for a suburban node, with restaurants and cafes in the top decile nationally, which helps sustain day-to-day convenience and lifestyle appeal for renters.
Rents in the neighborhood benchmark in the higher national range (around the 90th percentile) and have grown notably over five years, while the renter-occupied share sits in the upper national tier (about the 87th percentile). For investors, that mix signals a deep tenant base and pricing power potential, though day-to-day leasing should still align with current market conditions.
Within a 3-mile radius, population and households have expanded over the past five years, with further household growth projected by 2028. This trajectory implies a larger tenant base and supports occupancy stability and ongoing multifamily absorption, especially for well-managed assets near services and schools. Home values are elevated relative to many markets, which can reinforce renter reliance on multifamily housing and bolster lease retention.
Occupancy at the neighborhood level is near typical levels but has softened versus five years ago. Investors should plan for competitive leasing and asset management focus, yet the area’s amenity strength and renter concentration provide supportive fundamentals. The property’s 2005 vintage is slightly older than the neighborhood average, pointing to practical modernization or amenity updates that can sharpen competitive positioning without requiring full repositioning.
Based on WDSuite’s CRE market data, the neighborhood’s safety profile trends above national averages (around the 73rd percentile) and compares favorably within the Fresno metro. It ranks 25 out of 246 metro neighborhoods, indicating stronger relative safety than many local peers. Year over year, estimated property offenses have declined materially, which is a constructive trend for resident peace of mind and lease retention, while violent-offense indicators remain comparatively favorable on a national basis.
Safety can vary by block and over time; investors typically underwrite with recent comps and on-the-ground checks to confirm trend persistence and any micro-location nuances that could affect leasing or operating costs.
Regional employers within commuting range help support workforce housing demand; notably, food manufacturing has a presence in the broader area, providing diversified employment that can aid leasing stability.
- Con Agra Foods — food manufacturing offices (29.6 miles)
This 118-unit, 2005-vintage asset in Clovis sits in a high-performing Inner Suburb with strong amenity access and an elevated renter-occupied share. Neighborhood rents track in the upper national range, and the 3-mile area shows population and household growth now and in the forecast, supporting a larger tenant base and leasing durability. According to CRE market data from WDSuite, neighborhood occupancy is near typical levels but has softened versus five years ago, suggesting the importance of hands-on leasing while still benefiting from solid demand drivers.
The 2005 construction offers a platform for targeted value-add: unit refreshes and common-area updates can enhance competitiveness against slightly newer stock while capturing demand from households that prefer amenity-rich, professionally managed rentals. Elevated ownership costs locally further sustain reliance on rental housing, supporting retention and measured rent optimization where justified by finishes and service.
- Amenity-rich A+ neighborhood with strong dining, retail, parks, and daily needs that support renter appeal.
- 3-mile population and household growth expands the tenant base and supports occupancy over time.
- 2005 vintage enables targeted upgrades to compete with newer stock and drive rent premiums.
- Risk: neighborhood occupancy has softened from prior levels, warranting active leasing and conservative underwriting.