| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 271 Santa Ana Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1984 |
| Units | 30 |
| Transaction Date | 2004-08-17 |
| Transaction Price | $2,044,000 |
| Buyer | GRZESIK SON HUI |
| Seller | GSF SIERRA CLOVIS INVESTORS LP |
271 Santa Ana Ave Clovis Multifamily Investment Thesis
Neighborhood fundamentals point to steady renter demand and occupancy resilience, according to WDSuite’s CRE market data. With a majority of nearby housing units renter-occupied and stable leasing in the surrounding area, this asset aligns with workforce-oriented dynamics in Clovis.
Located in Clovis’ inner suburb of the Fresno metro, the surrounding neighborhood rates A- and is competitive among 246 Fresno neighborhoods on overall livability. Amenity access skews practical: restaurants, grocery stores, parks, and pharmacies score in the upper national percentiles, while cafes are relatively sparse. For investors, this mix supports day-to-day convenience that can aid retention without relying on lifestyle-driven destinations.
Neighborhood occupancy is in the top quartile nationally and roughly around the metro median, based on CRE market data from WDSuite. Renter-occupied housing accounts for a majority of neighborhood units, indicating a deep tenant base and supportive conditions for stabilized multifamily operations; this should help underpin leasing durability through cycles.
Home values and ownership costs sit near national mid-range levels (per neighborhood percentiles), which can introduce some competition from entry-level ownership options. That said, the area’s rent-to-income dynamics suggest manageable affordability pressure for renters, aiding lease retention and reducing turnover risk versus higher-cost California markets.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding through 2028, pointing to a larger tenant base over time. Forecasts also indicate rising household incomes and a modest downshift in average household size, which typically supports demand for well-managed smaller units and sustained occupancy.
Safety trends compare favorably in a national context. According to WDSuite’s CRE market data, property-offense levels in the neighborhood benchmark in the upper national percentiles for safety, and violent-offense measures also rank above national averages. Recent year-over-year estimates indicate improving conditions, with notable declines in reported offense rates. As always, investors should benchmark these neighborhood indicators against submarket and asset-level risk management practices.
Regional employment access is anchored by food processing and related corporate offices, supporting workforce housing demand and reasonable commute options for renters in the Fresno–Clovis area.
- Con Agra Foods — food processing corporate offices (28.6 miles)
Built in 1984, the property is newer than much of the surrounding housing stock, positioning it competitively versus older assets while still allowing room for targeted system updates or value-add upgrades. Neighborhood occupancy trends are solid and nationally strong, and the local renter concentration indicates depth in the tenant pool. According to CRE market data from WDSuite, these dynamics have supported steady leasing in the area.
Within a 3-mile radius, population and households are growing and are projected to expand further, reinforcing long-term demand for multifamily housing. Ownership costs in the neighborhood sit near national mid-range levels, which may create some competition from entry-level ownership, but the area’s rent-to-income profile suggests manageable affordability pressure that can support retention and pricing discipline.
- 1984 vintage offers competitive positioning versus older stock, with potential for targeted renovations
- Strong neighborhood occupancy and majority renter-occupied units support leasing stability
- 3-mile population and household growth point to a larger tenant base over the next cycle
- Near mid-range ownership costs; monitor competition from entry-level ownership
- Risk: school ratings trend below national averages; amenity mix lacks cafe density, requiring asset-level positioning