| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 31st | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 361 W Santa Ana Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | 2002-07-02 |
| Transaction Price | $421,000 |
| Buyer | DABKOSKI DANIEL |
| Seller | PARK VILLA CLOVIS |
361 W Santa Ana Ave, Clovis CA — Multifamily with Stable Suburban Demand
Neighborhood occupancy remains resilient and renter demand is supported by service amenities and a balanced renter base, according to WDSuite’s CRE market data.
This inner-suburban Clovis location offers practical livability drivers for workforce renters: strong access to daily needs (groceries, parks, and pharmacies rank competitively among 246 Fresno metro neighborhoods) and a deep local dining mix, while the immediate cafe scene is limited. For investors, these patterns often translate to consistent leasing interest from residents prioritizing convenience over nightlife.
Neighborhood occupancy is 95.1% and sits in the top third nationally, based on CRE market data from WDSuite. The neighborhood s renter-occupied share is 57.1%, signaling a meaningful tenant base that can support absorption and renewal stability.
Within a 3-mile radius, population and households have grown in recent years and are projected to expand further, pointing to a larger tenant base over time. Forecasts also indicate rising household incomes alongside a moderation in average household size, which can support steady demand for smaller rental formats and help sustain occupancy.
Ownership costs in this submarket are relatively accessible compared with coastal California, which can introduce some competition from entry-level ownership. Even so, neighborhood rent-to-income levels around 0.23 suggest moderate affordability pressure that can aid retention, while the median rent level indicates room for disciplined rent management rather than outsized pricing power.
Average school ratings in the area trend below national midpoints, which may matter for family-oriented leasing strategies; however, proximity to parks and childcare density that ranks above the metro median can help offset some family-demand considerations. Overall, the neighborhood ranks 50 out of 246 in the Fresno metro, making it competitive among Fresno neighborhoods for multifamily investors screening stabilized suburban assets.
Safety indicators benchmark favorably in national comparisons. Several crime measures are in the top quartile nationally, and recent year-over-year data show notable declines in both violent and property incidents, according to WDSuite s CRE market data. These trends support resident retention and leasing consistency without making block-level claims.
At the metro scale, outcomes vary by subarea and time period; investors should underwrite to property-level history and management practices while viewing the neighborhood 19s national positioning as a constructive backdrop.
Regional employment is diversified, with food processing among the steady drivers that can support renter demand via commute-to-workforce housing ties.
- Con Agra Foods food processing offices (28.2 miles)
361 W Santa Ana Ave is a 1972-vintage, 48-unit suburban multifamily asset positioned for steady, needs-based renter demand. The neighborhood shows resilient occupancy, a sizable renter-occupied housing share, and strong access to daily conveniences like groceries and parks. Within a 3-mile radius, population and households are expanding, which points to a growing renter pool that can support occupancy stability and renewal performance. The 1972 vintage implies attention to systems and common-area modernization, creating potential value-add pathways for investors who plan capital with a focus on durability and operating efficiency.
According to CRE market data from WDSuite, national safety positioning trends constructive and the neighborhood 19s rent-to-income levels indicate manageable affordability pressure. Ownership remains more accessible than in coastal California hubs, so underwriting should assume measured rent growth and some competition from entry-level ownership, offset by the area s convenience-driven appeal and steady workforce demand.
- Resilient neighborhood occupancy and a meaningful renter base support leasing stability.
- Daily-needs amenities (groceries, parks, pharmacies) compare well in metro and national contexts, aiding retention.
- 1972 vintage offers value-add potential via systems upgrades and common-area improvements.
- Safety trends are favorable nationally with recent declines reported, supporting renter confidence.
- Risks: below-average school ratings, potential competition from ownership, and capex needs tied to older construction.