| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 315 W Alamos Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1975 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
315 W Alamos Ave, Clovis Multifamily Investment
Neighborhood-level occupancy is solid and the renter base is deep, supporting stable leasing conditions, according to WDSuite’s CRE market data. Investors screening Fresno’s inner suburbs will find a steady demand profile driven by a majority of renter-occupied housing in the immediate area.
The property sits in an Inner Suburb location within the Fresno, CA metro, where neighborhood occupancy trends are above national medians and have edged higher over the past five years. A majority of housing units are renter-occupied (about 57%), which generally supports a deeper tenant base and steadier renewal potential for multifamily operators.
Daily convenience is a relative strength. Restaurant density ranks competitively among Fresno neighborhoods (rank 15 out of 246) and sits in the top quartile nationally, while grocery access also tracks in the national top quartile. Parks, childcare, and pharmacies similarly test in higher national percentiles, signaling livability factors that help with retention and leasing velocity.
Within a 3-mile radius, WDSuite data shows population and household counts have grown in recent years, with forecasts calling for additional gains through 2028. A rising household base and slightly smaller average household size point to a broader renter pool over time, which can support occupancy stability and absorption.
Median contract rents in the neighborhood have risen over the past five years while remaining aligned with local incomes; rent-to-income sits in the low 20s. This balance suggests manageable affordability pressure for tenants, aiding lease retention, though operators should still monitor pricing power relative to income growth. Home values are moderate for California, which may create some competition with ownership options, but the majority-renter tenure mix indicates durable demand for multifamily housing.
School ratings in the neighborhood average below national medians, which can influence demand from family renters, though proximity to amenities and services can offset this for many renter cohorts. Overall, the neighborhood ranks 50 out of 246 across the Fresno metro (A- rating), indicating performance that is competitive among local peer areas.
Safety indicators compare favorably at the national level, with WDSuite data placing the neighborhood in the top quartile nationally on several measures. Year-over-year trends show declines in both violent and property offenses, reinforcing an improving trajectory. Within the Fresno metro context, outcomes can vary block-to-block, so investors typically underwrite to submarket averages and recent trendlines rather than single-year readings.
Regional employers provide a broad labor pool that supports renter demand and renewal stability. Notable nearby employment centers include the following corporate office presence.
- Con Agra Foods — food processing corporate offices (28.3 miles)
This 86-unit asset in Clovis benefits from steady neighborhood fundamentals: a majority renter-occupied housing base, occupancy that has held firm, and amenity access that scores in higher national percentiles. According to CRE market data from WDSuite, restaurant and grocery density perform in the national top quartile, supporting day-to-day convenience that can aid retention. Within a 3-mile radius, population and household growth—projected to continue through 2028—point to a gradually expanding renter pool.
Rents have advanced in recent years yet remain balanced relative to local incomes, keeping affordability pressure manageable and supporting leasing stability. Home values are moderate for California, which can introduce some competition with entry-level ownership; however, the area’s majority renter-occupied tenure and improving safety trendlines underpin demand for well-managed multifamily product. Operators should still calibrate rent growth to income gains and monitor school quality considerations when targeting family renters.
- Majority renter-occupied housing base supports depth of tenant demand
- Occupancy and amenity access reinforce renewal and leasing stability
- 3-mile population and household growth expand the renter pool through 2028
- Rents remain aligned with incomes, aiding retention and pricing discipline
- Risks: below-median school ratings and potential competition from ownership options