| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2205 Peach Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1973 |
| Units | 59 |
| Transaction Date | 2019-06-20 |
| Transaction Price | $5,650,000 |
| Buyer | VAUGHN RICHARD |
| Seller | ALAMOS GARDENS LP |
2205 Peach Ave Clovis Multifamily Investment
This 59-unit property in Clovis benefits from strong neighborhood-level occupancy at 95.1% and ranks in the top quartile among 246 metro neighborhoods for safety metrics.
The property sits in an inner suburb neighborhood that ranks 50th among 246 Fresno metro neighborhoods, earning an A- rating. Built in 1973, this vintage aligns with the neighborhood average construction year of 1976, indicating consistent building stock that may present value-add renovation opportunities for investors focused on property improvements.
Neighborhood-level occupancy remains strong at 95.1%, ranking in the 72nd percentile nationally and reflecting stable rental demand. With 57.1% of housing units renter-occupied—well above national averages—the area demonstrates solid multifamily fundamentals. Median contract rent of $1,144 provides affordable housing options while maintaining reasonable rent-to-income ratios for tenant retention.
Demographics within a 3-mile radius show a population of approximately 103,500 with steady growth of 3.7% over five years. The area maintains a balanced age distribution with 29.1% of residents aged 18-34, supporting ongoing rental demand. Median household income of $69,405 has grown 47.7% over five years, indicating improving economic conditions that can support rent growth and occupancy stability.
The neighborhood benefits from strong amenity access, ranking in the 74th percentile nationally. Residents have access to 3.43 grocery stores per square mile (92nd percentile nationally) and 18.31 restaurants per square mile (96th percentile), supporting tenant retention through convenience and lifestyle amenities.
The neighborhood demonstrates strong safety metrics relative to the broader Fresno metro area. Crime rankings place this area 8th among 246 metro neighborhoods, translating to the 84th percentile nationally for safety performance—a significant competitive advantage for tenant attraction and retention.
Property crime rates have shown notable improvement, with an 87.3% decrease year-over-year, ranking 4th among metro neighborhoods for crime reduction trends. This improvement trajectory supports long-term investment fundamentals and can contribute to sustained occupancy levels and tenant satisfaction.
The employment base includes regional corporate presence that supports workforce housing demand in the area.
- Con Agra Foods — food processing and corporate offices (28.2 miles)
This 59-unit property offers investors exposure to a stable rental market with neighborhood-level occupancy at 95.1% and strong safety fundamentals ranking in the top quartile among Fresno metro neighborhoods. The 1973 construction year aligns with area norms while presenting potential value-add opportunities through strategic renovations and unit improvements.
According to CRE market data from WDSuite, the 3-mile demographic radius shows sustained population growth of 3.7% over five years, with household income growth of 47.7% supporting rent growth potential. The high share of renter-occupied units at 57.1% reinforces multifamily demand fundamentals, while strong amenity access helps maintain competitive positioning for tenant retention.
- Neighborhood occupancy of 95.1% indicates stable rental demand and absorption
- Safety metrics rank in top quartile among 246 metro neighborhoods
- 1973 vintage provides value-add renovation upside potential
- Strong amenity access supports tenant retention and competitive positioning
- Risk: Limited nearby major employers may affect tenant diversity and lease-up velocity