| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 28th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3140 Peach Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1978 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | $10,000,000 |
| Buyer | 3140 PEACH AVE LLC |
| Seller | MAR LIVING TRUST |
3140 Peach Ave, Clovis CA Multifamily Investment
Neighborhood fundamentals point to stable renter demand and tight occupancy, according to WDSuite’s CRE market data. With a strong renter concentration and full neighborhood occupancy, the asset sits in a submarket where tenancy depth has supported consistent leasing.
The property is situated in an Urban Core pocket of Clovis with a B+ neighborhood rating (ranked 82 among 246 Fresno metro neighborhoods). Neighborhood occupancy ranks 1 of 246 and is top quartile nationally, indicating exceptionally tight leasing conditions at the neighborhood level rather than at this specific property.
Renter-occupied housing shows a high concentration (rank 32 of 246; 96th percentile nationally), which supports a deeper tenant base for multifamily. Median contract rents in the neighborhood track above many U.S. areas (67th percentile nationally), while the rent-to-income ratio sits in a lower national percentile, signaling comparatively manageable rent levels that can aid retention and reduce turnover risk.
Amenity access is mixed: grocery access ranks 14 of 246 and in the 96th percentile nationally, aiding everyday convenience, while cafés, parks, and pharmacies are limited in the immediate neighborhood. Home values sit in a higher national percentile (value-to-income ratio at the 85th percentile), typical of a high-cost ownership market that can reinforce reliance on rental housing and support steady multifamily demand.
Within a 3-mile radius, WDSuite data show recent population and household growth with forecasts pointing to additional gains, indicating a larger tenant base ahead. The 3-mile area maintains a majority renter share, which further underpins demand for rental units and supports occupancy stability over the medium term.
Comparable crime metrics for this neighborhood are not available in WDSuite at this time. Investors typically benchmark property-level measures against metro and national trends; absent neighborhood statistics, a prudent approach is to review recent city and metro reports and track multi-year trends to contextualize risk without over-reliance on block-level snapshots.
The broader employment base includes food processing and related corporate offices that support regional renter demand and commuting patterns. The following employer illustrates the type of demand driver accessible from the property by car.
- Con Agra Foods — food processing corporate offices (27.6 miles)
With 68 units, the asset offers institutional-lite scale in a Fresno metro neighborhood that demonstrates very tight occupancy and a high share of renter-occupied housing units. According to commercial real estate analysis from WDSuite, neighborhood rents are positioned above many U.S. areas while rent burdens remain comparatively manageable, a combination that supports leasing stability and measured pricing power.
Grocery access is a relative strength for resident convenience, and 3-mile demographics point to ongoing population and household growth, expanding the tenant base over time. Higher ownership costs in the area tend to sustain reliance on rental housing, which can bolster retention and occupancy through cycles; key monitoring items include operating cost inflation and exposure to value-sensitive renters.
- Tight neighborhood occupancy and high renter concentration support steady leasing
- Rents above many U.S. areas with comparatively manageable rent burdens aid retention
- Strong grocery access enhances livability and resident convenience
- 3-mile population and household growth expands the tenant base over time
- Risk: operating cost pressures and value-sensitive renter exposure could temper pricing power