| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 289 W Santa Ana Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1972 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
289 W Santa Ana Ave, Clovis CA Multifamily Investment
Neighborhood occupancy has trended steady with a deep renter base, according to WDSuite’s CRE market data, supporting durable demand for a 50-unit asset in an inner-suburban location.
Positioned in Clovis’ inner suburb, the neighborhood ranks 50 out of 246 within the Fresno metro—competitive among Fresno neighborhoods—offering a balanced mix of demand drivers and everyday convenience for workforce renters. Neighborhood occupancy trends are healthy and above many U.S. neighborhoods by percentile, which can support leasing stability over a hold period.
Daily-needs access is a relative strength: grocery and pharmacy density sit in the upper national percentiles, and restaurants are plentiful compared with most neighborhoods nationally. Childcare access also scores well. Cafe density is limited, a minor lifestyle trade-off to weigh against the strong essentials footprint.
Rents in the neighborhood sit in the middle of the national distribution with solid five‑year growth, while the rent‑to‑income ratio is comparatively modest for the area—helpful for retention and rent management. Median home values are mid‑range nationally, suggesting ownership costs that can sustain rental demand while still posing some competition from entry‑level for‑sale options, a factor to consider in pricing power.
The property’s 1972 vintage is slightly older than the neighborhood average year built. For investors, that points to capital planning needs and potential value‑add or modernization upside to enhance competitive positioning against newer stock.
Tenure data indicates a majority of neighborhood housing units are renter‑occupied (about 57% of units), signaling a deep tenant base. Within a 3‑mile radius, population and household totals have grown and are projected to increase further, with higher median incomes expected—factors that can expand the renter pool and support occupancy stability and revenue management over time.
Safety signals are mixed and should be contextualized. By national comparison, recent estimates place the neighborhood in higher percentiles for safety on both property and violent offenses, indicating it compares favorably to many U.S. neighborhoods. Within the Fresno metro, however, its crime rank sits on the higher‑crime end relative to local peers, underscoring the need for standard security and operations practices.
Trend data shows notable year‑over‑year declines in both violent and property offense estimates, which is a constructive sign for risk management. Investors should monitor local trends, property‑level controls, and resident experience as part of ongoing underwriting and asset management.
This 50‑unit, 1972‑vintage asset benefits from steady neighborhood occupancy, a majority renter‑occupied housing base, and strong daily‑needs access that supports retention. Within a 3‑mile radius, population and households have grown and are projected to keep rising alongside incomes, pointing to a larger tenant base and potential for stable leasing. According to CRE market data from WDSuite, neighborhood occupancy sits above many national peers by percentile, reinforcing the case for durable demand.
Counterbalancing factors include older physical plant considerations and metro‑relative safety positioning, as well as some competition from entry‑level ownership options given mid‑range home values. With targeted renovations and disciplined lease management, the submarket context supports a pragmatic value‑add or hold strategy focused on steady cash flow and measured rent growth.
- Occupancy strength and renter depth support leasing stability
- 3‑mile population and household growth expand the tenant base
- Daily‑needs amenities (grocery, pharmacy, restaurants) bolster livability and retention
- 1972 vintage offers value‑add and modernization potential with capital planning
- Risks: older physical systems, metro‑relative safety positioning, and some competition from for‑sale options