| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 W Santa Ana Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1974 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
215 W Santa Ana Ave, Clovis CA — 67-Unit Multifamily Investment
Neighborhood fundamentals point to steady renter demand and mid-90s occupancy, according to WDSuite’s CRE market data, with a majority of nearby housing units renter-occupied supporting tenant base depth.
Located in Clovis’s inner-suburban fabric of the Fresno metro, the property benefits from everyday conveniences and stable renter demand signals. Restaurants and groceries score in the top quartile among 246 Fresno metro neighborhoods, and amenity access ranks above many areas nationwide. These are neighborhood indicators, not property operations, but they tend to support leasing velocity and resident retention for workforce-oriented assets.
The neighborhood’s renter-occupied share is a majority, indicating a deep tenant pool and demand stability for multifamily. Median contract rents and household incomes track near broader metro levels, with a rent-to-income ratio around the low-20s, suggesting manageable affordability pressure that can support retention-focused leasing strategies.
Average school ratings in the neighborhood are modest (about 2.0 out of 5), which investors should consider when positioning the asset to prospective households. That said, childcare, parks, pharmacies, and grocery access rank in the top quartile among 246 neighborhoods, offering family-friendly conveniences that help underpin housing demand.
Construction vintage in the immediate area averages mid-1970s. This asset’s 1974 vintage is slightly older than the local average (1976), often implying targeted capital planning and value-add potential (interiors, energy systems, or curb appeal) to enhance competitive standing against newer stock. Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding, supporting a larger tenant base and occupancy stability over the medium term based on CRE market data from WDSuite.
Safety metrics for the neighborhood compare favorably at the national level. Violent offense rates and property offense rates sit in the top quartile nationally (safer relative to many U.S. neighborhoods), and recent year-over-year trends indicate meaningful declines in both categories. These are neighborhood indicators rather than property-level security conditions, but they can contribute to leasing stability and renewal likelihood.
Within the Fresno metro context, safety performance varies by sub-area. Investors should continue standard due diligence (e.g., review recent police blotters and property-level incident logs) to confirm current conditions and any micro-level trends around the asset.
Regional employment access is anchored by established firms that broaden the renter base and support commute convenience for workforce tenants, including consumer packaged goods operations noted below.
- Con Agra Foods — consumer packaged foods (28.3 miles)
This 67-unit, 1974-vintage asset sits in a neighborhood with above-average amenity access and a majority renter-occupied housing base, supporting tenant demand depth. Neighborhood occupancy trends remain in the mid-90s with stable directionality, and rent-to-income dynamics near the low-20s suggest room for steady lease management rather than aggressive push strategies. According to CRE market data from WDSuite, restaurants, groceries, parks, and childcare presence rank in the top quartile among 246 Fresno neighborhoods, reinforcing location fundamentals that aid retention.
Given its slightly older-than-average vintage, the property may benefit from focused value-add and systems modernization to stand out versus newer competition. Population and household growth within a 3-mile radius points to a gradually expanding renter pool, which can support occupancy stability and future leasing options while keeping an eye on pricing relative to neighborhood affordability.
- Majority renter-occupied neighborhood supports depth of tenant demand
- Mid-90s neighborhood occupancy and top-quartile amenity access aid retention
- 1974 vintage presents value-add and modernization opportunities versus newer stock
- 3-mile radius population and household growth expands the renter pool over time
- Risk: Modest school ratings and potential capital needs require thoughtful positioning and capex planning