| 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 | 2002-09-10 |
| Transaction Price | $2,950,000 |
| Buyer | CHATEAU MONTEREY II LLC |
| Seller | CHATEAU MONTEREY LTD |
2823 Willow Ave, Clovis CA Multifamily Investment
Stable renter demand and full neighborhood occupancy suggest durable cash flow potential, according to WDSuite’s CRE market data. Nearby essentials are strong, with everyday retail coverage supporting tenant convenience and retention.
The property sits in Clovis’s Urban Core within the Fresno metro, where neighborhood occupancy ranks first among 246 metro neighborhoods and performs at the top nationally based on CRE market data from WDSuite. That backdrop points to resilient leasing conditions and supports pricing power when paired with disciplined lease management.
Local amenity access is mixed: grocery store density is strong (competitive nationally), and childcare availability is also a relative strength for working households. Cafes, parks, and pharmacies are limited within the immediate neighborhood, so residents may rely more on nearby corridors for those needs. For investors, the combination suggests everyday essentials are covered, with some lifestyle amenities accessed by short drives.
Tenure patterns indicate depth in the renter-occupied segment, with a high renter concentration compared with both metro and national norms. This typically broadens the tenant base and can support occupancy stability for a 76‑unit asset.
Within a 3‑mile radius, population and household counts have grown and are projected to continue rising, pointing to a gradually expanding renter pool. Rising incomes in the radius, alongside a rent-to-income profile that indicates manageable affordability pressure in this neighborhood context, can aid lease retention while allowing measured rent progression over time.
Ownership costs are comparatively high for the area relative to incomes (above national averages), which tends to reinforce reliance on multifamily rentals and supports steady renter demand, especially for well-managed, value-oriented units.
Neighborhood-level safety metrics were not available in WDSuite for this location at the time of publication. Investors typically benchmark neighborhood trends against city and metro data and review multiple public sources to assess relative safety and its potential impact on leasing and retention.
Regional employers within commuting range contribute to a diversified workforce tenant base. Notable nearby employer shown below reflects broader Central Valley food processing and related corporate services.
- Con Agra Foods — corporate offices (27.6 miles)
This 76‑unit asset benefits from a neighborhood that ranks first in occupancy among 246 Fresno‑metro neighborhoods, indicating exceptionally tight rental conditions that support stable operations. Nearby essentials (notably grocery and childcare) underpin livability, while limited cafes, parks, and pharmacies suggest some amenity gaps that are more likely addressed along adjacent corridors. Within a 3‑mile radius, modest population growth and a larger household base point to a gradually expanding tenant pool that can sustain leasing. Elevated ownership costs relative to incomes further reinforce reliance on multifamily rentals, aiding retention.
According to CRE market data from WDSuite, the neighborhood’s renter concentration is high versus metro and national norms, implying deeper demand for rental housing. Affordability pressure for renters appears manageable in this neighborhood context, supporting renewal rates when paired with prudent rent setting and ongoing unit-quality improvements typical of 1970s‑era assets in the submarket.
- Tight neighborhood occupancy supports stable leasing and measured rent growth
- Strong grocery and childcare access enhance daily convenience and retention
- Expanding 3‑mile household base indicates a gradually growing renter pool
- High ownership costs vs. incomes reinforce multifamily demand and renewal potential
- Risks: limited nearby parks/pharmacies/cafes and ongoing capex needs typical of older vintage stock