| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 55th | Best |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2151 Sunnyside Ave, Clovis, CA, 93611, US |
| Region / Metro | Clovis |
| Year of Construction | 1994 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2151 Sunnyside Ave, Clovis Multifamily Investment
Positioned in an inner-suburban pocket of Clovis with strong neighborhood amenities and solid renter depth, this 72-unit asset offers steady demand drivers, according to CRE market data from WDSuite. Neighborhood occupancy trends and rent levels point to durable leasing fundamentals with room for operational improvement.
The property sits in an Inner Suburb of the Fresno metro with an A+ neighborhood rating and amenity access that ranks competitive among 246 Fresno neighborhoods. Amenity density is top quartile nationally, with restaurants, cafes, groceries, parks, and pharmacies all testing strong versus U.S. peers, supporting day-to-day livability and leasing appeal for residents.
Neighborhood rents are elevated versus national norms and have grown materially over the past five years, based on CRE market data from WDSuite. The neighborhood’s occupancy is 90.2%, easing over the past cycle, which suggests investors should underwrite thoughtful renewals and leasing strategies while recognizing that the area continues to support stabilized operations.
Tenure data indicates a 47.6% share of housing units are renter-occupied at the neighborhood level, signaling a meaningful multifamily renter base and a broad pool of prospective tenants. Median home values sit above national averages but below California coastal markets, implying that ownership is more accessible than in major coastal metros; for investors, that can temper pricing power somewhat but still sustain rental demand given lifestyle preferences and convenience.
Within a 3-mile radius, population and household counts have increased over the last five years, with additional population growth projected, pointing to a larger tenant base over time. Household incomes have also advanced, and forward estimates indicate further income gains, which can support rent levels and retention. The neighborhood’s average construction year skews newer (2008), positioning a 1994-vintage property with potential competitive differentiation after targeted updates.
Safety indicators are mixed but improving in ways relevant to investors. The neighborhood places above national norms for safety on a percentile basis, and estimated property offenses declined sharply year over year, according to WDSuite’s CRE market data. At the same time, the area’s metro rank signals that some parts of Fresno may record comparatively higher crime, so prudent security measures and lighting plans remain appropriate for underwriting and operations.
Regional employers help anchor demand through a diversified Central Valley workforce, with commute patterns that extend across the Fresno–Clovis area. Notable nearby employer presence includes food manufacturing.
- Con Agra Foods — food manufacturing (29.3 miles)
2151 Sunnyside Ave offers a balanced suburban location with strong amenity access and a meaningful renter-occupied housing share, supporting leasing stability. Within a 3-mile radius, population and households have expanded and are projected to continue growing, indicating ongoing renter pool expansion that can support occupancy and rent levels over time. According to CRE market data from WDSuite, neighborhood rents are above national baselines, while occupancy trends suggest careful lease management will matter for performance.
Built in 1994, the asset is older than the neighborhood’s newer housing stock (average 2008), which points to value-add and selective capital planning opportunities to enhance competitiveness against newer comparables. Homeownership costs are relatively moderate for California, which may introduce some competition from ownership; however, strong amenity fundamentals and a sizable renter base underpin durable multifamily demand.
- Inner-suburban A+ neighborhood with top-quartile amenity access supporting resident retention
- Growing 3-mile population and households expand the tenant base and support occupancy
- 1994 vintage offers renovation and repositioning upside versus newer neighborhood stock
- Rents above national norms with income growth nearby reinforce achievable pricing
- Risks: occupancy has eased; moderate ownership costs may cap pricing power without upgrades