| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 45th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 656 Sunnyside Ave, Clovis, CA, 93611, US |
| Region / Metro | Clovis |
| Year of Construction | 1984 |
| Units | 27 |
| Transaction Date | 2001-08-21 |
| Transaction Price | $1,285,000 |
| Buyer | HUSSAIN JANE E |
| Seller | ROSE GARDEN APARTMENTS LLC |
656 Sunnyside Ave, Clovis CA — Multifamily Investment Opportunity
Inner-suburb location with renter demand supported by high renter-occupied share in the neighborhood and steady occupancy, according to WDSuite’s CRE market data.
Located in Clovis’ inner suburbs, the property benefits from neighborhood fundamentals that are competitive among Fresno neighborhoods (61 of 246). Neighborhood occupancy is measured at the neighborhood level and sits in the middle of national trends, suggesting stable tenant retention without overheated turnover pressure.
Livability drivers skew family-friendly: average school ratings are strong (top quartile nationally) and near the top of the Fresno metro (8 of 246), while childcare access is extensive relative to peers. Grocery and dining densities are above many U.S. neighborhoods, though café and park access are limited locally.
Tenure patterns indicate depth for multifamily: the neighborhood shows a high share of renter-occupied housing units (among the highest nationally). For investors, this points to a broad tenant base and day-one leasing liquidity rather than dependence on a thin pool of prospects.
Within a 3-mile radius, demographics show recent population growth with households also increasing, which supports a larger renter pool over time. Looking ahead to 2028, forecasts point to continued population and household expansion, implying steady absorption potential rather than a one-time spike.
Ownership costs in the neighborhood sit on the higher side relative to household incomes compared with many U.S. areas, which tends to sustain reliance on rental housing. At the same time, rent-to-income levels are manageable versus national norms, a combination that can aid lease retention and pricing discipline for operators.
Neighborhood safety indicators compare favorably to national benchmarks, with metrics placing the area in the upper quartile nationwide. Recent year-over-year trends also point to notable decreases in both property and violent offense estimates. While safety can vary by block and over time, the direction and comparative standing suggest supportive conditions for resident retention relative to many U.S. neighborhoods.
Regional employment access is anchored by diversified Central Valley employers, with commuting reach that can support workforce housing demand. Notable nearby employer includes:
- Con Agra Foods — food processing (30.0 miles)
This 27-unit asset sits in a neighborhood with stable occupancy and a high concentration of renter-occupied housing units, supporting ongoing leasing depth. Household and population growth within a 3-mile radius indicate a gradually expanding tenant base, while above-average school ratings and practical retail access add to long-term livability. Home values are elevated versus incomes in a regional context, which can reinforce sustained multifamily demand, and rent-to-income levels appear manageable for retention. Based on commercial real estate analysis from WDSuite, the submarket’s positioning suggests durable cash-flow characteristics rather than momentum-dependent performance.
Key considerations include limited park and café density nearby and normal mid-cycle occupancy variability; however, recent improvements in safety indicators and strong neighborhood school performance provide offsetting strengths for resident appeal and renewals.
- High neighborhood renter-occupied share supports a deep tenant base and leasing stability
- Household and population growth within 3 miles point to ongoing renter pool expansion
- Elevated ownership costs versus incomes reinforce sustained multifamily demand
- School ratings in the top quartile nationally aid family-oriented retention
- Risks: limited park/café density and routine occupancy swings require active asset management