| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 28th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2881 Willow Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1976 |
| Units | 76 |
| Transaction Date | 2004-10-20 |
| Transaction Price | $4,400,000 |
| Buyer | CAMPOS GUADALUPE |
| Seller | GILLIGAN JOHN V |
2881 Willow Ave Clovis Multifamily Investment
This 76-unit property built in 1976 serves a renter-majority neighborhood with 100% occupancy rates and strong grocery access, according to CRE market data from WDSuite.
Located in a B+ rated neighborhood in Clovis, this property sits within an Urban Core area ranking 82nd among 246 metro neighborhoods. The neighborhood maintains 100% occupancy rates, ranking 1st regionally and in the 100th national percentile for occupancy stability. With 65.3% of housing units renter-occupied, the area demonstrates strong rental demand fundamentals.
Demographics within a 3-mile radius show a population of 113,223 with steady 3.2% growth over five years. Household growth of 4.1% outpaces population increases, indicating ongoing household formation that supports multifamily demand. The median household income of $75,665 has grown 79% over five years, while median contract rents of $1,095 increased 26.2% during the same period, suggesting improved affordability dynamics.
The property's 1976 construction year aligns with the neighborhood average, indicating consistent building stock that may present value-add opportunities through strategic renovations. Grocery access ranks exceptionally strong at 5.02 stores per square mile, placing the neighborhood in the 96th national percentile for convenience amenities. However, the area shows limited café and park amenities, ranking in the bottom national percentiles for these lifestyle offerings.
Forward-looking projections indicate continued growth with population expected to reach 120,262 by 2028, representing 6.2% growth. Household formation is projected to increase 33.5%, while median rents are forecast to rise to $1,620, supporting potential rent growth of 47.9% over the five-year period.
Crime statistics for this neighborhood are not currently available in the dataset, limiting the ability to provide comparative safety analysis against metro or national benchmarks. Investors should conduct independent due diligence regarding local crime trends and security considerations as part of their investment evaluation process.
The employment base includes corporate office presence supporting workforce housing demand in the greater Fresno metro area.
- Con Agra Foods — food processing and corporate offices (27.6 miles)
This 76-unit property offers exposure to a stable rental market with demonstrated occupancy strength and improving income dynamics. The neighborhood's 100% occupancy rate and 65.3% renter-occupied housing base provide a foundation for consistent cash flow, while the 79% increase in median household income over five years suggests improving tenant quality and rent growth potential.
The 1976 vintage presents value-add opportunities through strategic capital improvements, particularly given the neighborhood's strong grocery access and growing household formation. Multifamily property research indicates favorable demographic trends with projected 33.5% household growth and 47.9% rent increases through 2028, supporting both occupancy stability and revenue growth potential.
- Neighborhood achieves 100% occupancy, ranking 1st among 246 metro areas
- Strong household income growth of 79% over five years improves tenant profile
- 96th percentile grocery access supports tenant retention and convenience
- Projected 33.5% household growth through 2028 supports demand fundamentals
- Risk consideration: Limited lifestyle amenities may impact tenant attraction in competitive markets