| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 28th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2900 Peach Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1986 |
| Units | 34 |
| Transaction Date | 2002-10-29 |
| Transaction Price | $2,550,000 |
| Buyer | HUSSAIN JANE E |
| Seller | DESIMAS MARIA C |
2900 Peach Ave Clovis Multifamily Investment
This 34-unit property benefits from strong neighborhood-level occupancy at 100%, outperforming typical market conditions. The location offers competitive positioning within Fresno's multifamily market, according to WDSuite's CRE market data.
The Clovis neighborhood demonstrates solid fundamentals for multifamily investment, ranking 82nd among 246 metro neighborhoods with a B+ rating. Neighborhood-level occupancy reaches 100%, significantly above typical market performance, while the area maintains a 65.3% rental share that ranks in the top quartile nationally. Contract rents average $1,247 with steady 31% growth over five years, positioning above the 67th percentile nationally.
Demographics within a 3-mile radius show a stable tenant base of approximately 107,500 residents, with 55% renter occupancy supporting consistent demand. The area's median household income of $66,019 has grown 50% over five years, while projected population growth of 7.1% through 2028 indicates expanding renter pools. Household formation is expected to increase 35.5% over the next five years, creating additional multifamily demand.
Built in 1986, this property aligns with the neighborhood's average construction year of 1977, minimizing obsolescence risk while offering potential value-add opportunities through targeted renovations. The area's grocery density ranks in the 96th percentile nationally with 5.02 stores per square mile, and childcare access reaches the 90th percentile, supporting tenant retention through essential amenities.
Safety data for this neighborhood is not currently available in our market analysis. Investors should conduct independent due diligence on local crime trends and security considerations as part of their comprehensive property evaluation process.
The Clovis area benefits from proximity to established corporate offices that support regional employment, though major employers are located at considerable distances from the immediate neighborhood.
- Con Agra Foods — food processing and manufacturing (27.8 miles)
- International Paper — manufacturing and industrial operations (45.6 miles)
This Clovis property presents compelling fundamentals anchored by exceptional neighborhood-level occupancy performance at 100%, ranking first among 246 metro neighborhoods. The substantial 55% renter share within the 3-mile radius creates a deep tenant pool, while projected household growth of 35.5% through 2028 supports sustained demand. According to CRE market data from WDSuite, the area's grocery and childcare amenity density ranks in the top decile nationally, enhancing tenant retention prospects.
The 1986 construction year positions the asset for strategic capital improvements while avoiding immediate obsolescence concerns typical of older inventory. With contract rents growing 31% over five years and median household incomes rising 50%, the market demonstrates pricing power resilience that supports renewal rate stability and gradual rent optimization strategies.
- Exceptional 100% neighborhood occupancy rate, ranking first among 246 metro neighborhoods
- Strong 55% renter occupancy within 3-mile radius supports consistent tenant demand
- Projected 35.5% household growth through 2028 indicates expanding renter pools
- Top-tier amenity access with grocery density in 96th percentile nationally enhances retention
- Risk consideration: Major employment centers located 25+ miles away may limit commuter appeal