| 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 | 1977 |
| Units | 23 |
| Transaction Date | 2010-03-23 |
| Transaction Price | $318,000 |
| Buyer | KCG PROPERTIES CLOVIS ONE LLC |
| Seller | WAUGAMAN KAREN LYNN |
300 W Alamos Ave Clovis Multifamily Investment
Neighborhood occupancy has held in the mid-90% range with a renter-occupied share above half of units, supporting stable leasing fundamentals, according to WDSuite’s commercial real estate analysis.
Located in an inner-suburban pocket of Clovis within the Fresno metro, the neighborhood posts a strong A- rating and sits above the metro median (ranked 50 of 246 neighborhoods). According to CRE market data from WDSuite, neighborhood occupancy is in the upper tier nationally (72nd percentile), which supports steady rent roll performance for well-managed properties.
Local amenity access is a relative advantage: grocery stores, pharmacies, parks, and restaurants are dense for the area (each in the 86th–96th national percentiles), while cafes are less prevalent. This mix tends to favor day-to-day convenience and supports resident retention even without destination retail.
Within a 3‑mile radius, the population and household counts have grown in recent years and are projected to continue rising, indicating a larger tenant base over time. Median contract rents in the neighborhood are approximately $1,144, and the rent-to-income ratio is near 0.23, suggesting manageable affordability pressure that can aid lease stability and renewal rates.
Home values around $283,000 position this as a relatively high-cost ownership market for many renters in the region, which can reinforce reliance on multifamily housing and support occupancy. Average school ratings are modest relative to national benchmarks, which may slightly limit family-driven demand but is often offset locally by workforce renters drawn to proximity and convenience.
Safety signals are mixed when viewed locally versus nationally. Within the Fresno metro, the neighborhood ranks among the higher-crime cohort (8 of 246), yet it sits in the top quartile nationally for overall safety (84th percentile), based on WDSuite data. Notably, estimated violent and property offense rates have decreased year over year in the immediate area (approximately -33% and -87%, respectively), a constructive trend for long-term operations. For investors, prudent measures around lighting, access control, and visibility remain advisable to support tenant satisfaction and retention.
The broader employment base includes regional food manufacturing corporate offices that broaden the renter pool and support leasing stability for workforce housing.
- Con Agra Foods — food manufacturing offices (28.2 miles)
This 23‑unit asset benefits from a neighborhood with above-median standing in the Fresno metro (50 of 246) and occupancy that tracks in the upper tier nationally, supporting income durability. A renter-occupied share above 50% indicates a deep tenant base, while strong access to daily needs (grocery, pharmacy, parks, and restaurants) underpins resident retention and operational stability, according to CRE market data from WDSuite.
Within a 3‑mile radius, both population and households have been expanding and are projected to continue growing, pointing to renter pool expansion. Rent levels and rent-to-income ratios suggest room for careful revenue management without overextending affordability, while home values that are elevated relative to local incomes tend to sustain multifamily demand. Key watch items include modest school ratings and local-vs-national differences in safety signals, which call for attentive asset management.
- Upper-tier neighborhood occupancy supports income stability
- Renter-occupied share above half of units indicates depth of demand
- Amenity-rich location (grocery, pharmacy, parks, restaurants) aids retention
- Risk: modest school ratings and mixed local safety require proactive management