| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 55th | Best |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 387 Peach Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1975 |
| Units | 42 |
| Transaction Date | 2020-09-21 |
| Transaction Price | $4,750,000 |
| Buyer | DAVID H HUSSAIN REVOCABLE TRUST |
| Seller | ANNA DASCOULIAS TRUST |
387 Peach Ave, Clovis CA Multifamily Opportunity
Stabilized neighborhood occupancy and a broad 3-mile renter pool point to demand resilience for a 42-unit asset, according to WDSuite’s CRE market data.
Clovis’s inner-suburban setting offers steady renter demand drivers even with limited immediate amenities. Neighborhood occupancy is competitive among Fresno’s 246 neighborhoods and sits in the top quartile nationally, supporting leasing stability for multifamily operators. Median contract rents in the neighborhood track above national midpoints while the rent-to-income profile indicates manageable affordability, which can aid retention and limit turnover risk.
Within a 3-mile radius, population and household counts have expanded in recent years, with forecasts pointing to further population growth and more households by 2028. This larger catchment widens the tenant base beyond the immediate blocks, which is relevant given the neighborhood’s renter-occupied share of housing units is modest (29.4%), while the broader 3-mile area supports a deeper renter pool.
Elevated home values relative to national norms (top quartile nationally for the neighborhood) signal a high-cost ownership market that can reinforce reliance on rental housing and support pricing power at stabilized occupancies. Average school ratings trend above national midpoints for neighborhoods, which can help family-oriented renter retention. Restaurant density is around the national middle; however, neighborhood counts for parks, pharmacies, and groceries are limited, so residents likely draw on nearby corridors rather than immediate walk-to options.
Vintage matters for competitiveness: this property was built in 1975, slightly older than the neighborhood’s average 1978 stock. Investors should underwrite routine capital planning and selective renovations to maintain curb appeal versus newer comparables while leveraging the area’s occupancy stability.
Comparable neighborhood crime metrics were not available for this location in the current WDSuite release. Investors often benchmark safety using citywide and metro trends alongside on-site operating indicators (resident feedback, incident reporting, security measures) to contextualize leasing risk and retention.
Given the absence of ranked crime data, it is prudent to pair local observations with broader Fresno-area statistics and lender diligence rather than draw block-level conclusions.
387 Peach Ave offers exposure to a Fresno–Clovis submarket where neighborhood occupancy trends are strong and the broader 3-mile area shows population growth and expanding households, supporting a larger tenant base. Elevated neighborhood home values relative to national norms help sustain multifamily demand, while a favorable rent-to-income profile can support retention and steady collections, based on commercial real estate analysis from WDSuite.
Built in 1975, the asset may benefit from targeted value-add and systems upgrades to remain competitive against newer supply. Amenity counts inside the immediate neighborhood are limited, so marketing should emphasize access to nearby corridors and everyday services across the larger trade area. Overall, the combination of high occupancy, a widening renter pool, and achievable renovation upside underpins a defensible long-term hold, with asset-level execution and capital planning as the key variables.
- Neighborhood occupancy strength supports leasing stability versus metro peers
- 3-mile population and household growth expand the tenant base
- Elevated home values locally reinforce renter reliance on multifamily housing
- 1975 vintage provides value-add/CapEx pathways to enhance competitiveness
- Risk: limited immediate amenities; performance depends on effective capital execution and trade-area positioning