| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 28th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2823 Willow Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1976 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2823 Willow Ave, Clovis CA Multifamily Investment
Neighborhood occupancy is at the top of the Fresno metro, supporting stable renter demand for this 76-unit asset, according to CRE market data from WDSuite. These occupancy dynamics are measured for the surrounding neighborhood, not the property, and suggest durable leasing fundamentals.
The property sits in a Clovis urban-core neighborhood rated B+, with housing metrics that are competitive among Fresno’s 246 neighborhoods. Neighborhood occupancy ranks first out of 246 and is top quartile nationally, indicating strong absorption and limited vacant stock at the neighborhood level rather than the property specifically.
Amenity access skews practical over lifestyle: groceries and childcare are in the top quartile among Fresno neighborhoods and score high nationally, while cafes, parks, and pharmacies are sparse. Restaurants are competitive among Fresno subareas. For investors, this mix supports day-to-day convenience and workforce appeal, though limited recreational amenities may temper top-of-market rent premiums.
Renter-occupied housing concentration is elevated (above metro median, top decile nationally), implying a deeper tenant base and historically steadier demand for multifamily units in this pocket of Clovis. Median contract rents for the neighborhood sit above national averages and are competitive among Fresno neighborhoods, reinforcing income potential while still requiring attentive lease management.
Within a 3-mile radius, recent population and household counts have grown and are projected to continue expanding, pointing to a larger tenant base ahead. Elevated home values relative to incomes (top quartile nationally by value-to-income) characterize a higher-cost ownership market, which tends to sustain reliance on rentals and support occupancy stability. Rent-to-income levels trend on the more manageable side locally, aiding retention and lowering turnover risk.
Comparable neighborhood safety data are not fully available for this location in WDSuite’s current release. Investors should benchmark neighborhood trends against Fresno metro norms and incorporate on-the-ground diligence (property management feedback, recent comps, and insurer inputs) to contextualize risk. Use multi-period comparisons rather than single-year snapshots to assess directionality and stability.
Regional employment is diversified, with access to food processing and corporate services that can support workforce renter demand. The list below reflects named employers with known distances.
- Con Agra Foods — food processing corporate offices (27.5 miles)
This 76-unit Clovis asset benefits from neighborhood-level occupancy that leads the Fresno metro, alongside a high renter-occupied housing share that deepens the tenant pool. Day-to-day amenities are strong where it counts (groceries and childcare), supporting workforce demand. Elevated ownership costs relative to incomes reinforce reliance on rentals, while rent-to-income levels suggest manageable affordability pressure and potential for resilient retention. Based on commercial real estate analysis using WDSuite’s CRE market data, the area’s demand profile supports steady leasing and cash flow durability at the neighborhood level.
Risks include thinner lifestyle amenities (parks, pharmacies, cafes) that can limit top-tier rent premiums and call for focused asset management and targeted common-area upgrades to compete. Forward demographic expansion within a 3-mile radius, particularly in households, provides a supportive backdrop for leasing and renewals if operations remain disciplined.
- Neighborhood occupancy leads Fresno, reinforcing leasing stability
- High renter-occupied share supports a deeper tenant base
- Practical amenities (groceries, childcare) underpin workforce demand
- Ownership costs elevated vs. incomes, sustaining rental reliance and retention
- Risk: limited lifestyle amenities may cap rent premiums; focus on operations and selective upgrades