| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 W Alamos Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1974 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 W Alamos Ave, Clovis CA Multifamily Investment
Neighborhood occupancy is strong and renter demand is durable for this 23‑unit asset in Clovis, according to WDSuite’s CRE market data. The area’s renter concentration supports stable leasing, while ownership costs and incomes point to balanced pricing power.
This Inner Suburb location in the Fresno metro scores an A- neighborhood rating and shows resilient renter demand. Neighborhood occupancy is 95.1% (neighborhood-level, not the property) and sits in the 72nd national percentile, signaling above-average stability based on CRE market data from WDSuite. Renter-occupied share is elevated locally, indicating a deeper tenant base for multifamily leasing and supporting retention through normal cycles.
Daily-needs access is a strength: restaurants and food options rank among the top quartile nationally (96th percentile for restaurants; 92nd for grocery), with parks and pharmacies also testing in the high 80s by national percentile. Childcare availability is comparatively strong as well. Cafe density is thinner, which may modestly limit third‑space appeal, but overall amenity coverage is competitive among Fresno neighborhoods (ranked 14th out of 246 for amenities).
For schools, the neighborhood’s average rating trends below national benchmarks (37th percentile). Investors should anticipate that family-driven leasing decisions may weigh school quality alongside the area’s convenience and amenity access, which can influence unit mix performance and marketing strategy.
Within a 3-mile radius, demographics indicate steady population growth over the last five years with further expansion forecast, and households are projected to increase while average household size edges lower. This suggests a larger tenant base and potential demand for smaller units over time. Median contract rents in the neighborhood are mid-market and rent-to-income readings imply manageable affordability pressure, supporting lease stability while leaving some room for targeted upgrades rather than outsized rent pushes.
Vintage context: the property was built in 1974, slightly older than the neighborhood’s average 1976 vintage. That positioning typically favors disciplined value‑add—focused on interiors, building systems, and curb appeal—to enhance competitiveness versus newer stock while planning for near- to medium-term capital items.
Safety indicators trend favorable in a national context, with the neighborhood testing in the top quartile for lower estimated violent and property offense rates nationwide. Recent year-over-year readings point to meaningful declines in both categories, suggesting improving conditions over the last year. At the metro level (Fresno, 246 neighborhoods), rankings indicate relatively higher incident levels versus many local peers, so owners should incorporate practical security measures and tenant communication into operations while recognizing the positive national standing and improving trajectory.
Regional employment access is diversified, and proximity to established corporate offices supports commuter convenience and renter retention for workforce housing in the Fresno–Clovis area. The following nearby employer illustrates this base.
- Con Agra Foods — corporate offices (28.2 miles)
The investment case centers on durable renter demand, solid neighborhood occupancy around 95% (neighborhood-level), and broad daily-needs access that supports leasing velocity and retention. Within a 3‑mile radius, steady population growth and a projected increase in households expand the tenant pool, while a moderate rent-to-income backdrop supports pricing discipline without overextending affordability. Home values in the area are mid-market for the region, which can introduce some competition from entry-level ownership yet also sustain rental reliance among households not ready to buy.
Constructed in 1974, the asset is slightly older than the neighborhood average, pointing to a clear value‑add and capital planning angle. Targeted renovations and system upgrades can enhance relative competitiveness against newer supply, while neighborhood-level occupancy and renter concentration provide a supportive demand floor, according to commercial real estate analysis from WDSuite.
- Strong neighborhood occupancy and elevated renter concentration support stable collections and leasing
- Amenity-rich trade area (food, grocery, parks, pharmacies) underpins livability and retention
- 3-mile demographic growth and smaller household sizes expand the tenant base over time
- 1974 vintage offers value-add potential via interiors, curb appeal, and system modernization
- Risk: below-average school ratings and a within-metro crime ranking call for proactive management and security planning