| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 36th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 725 Villa Ave, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1982 |
| Units | 41 |
| Transaction Date | 2016-08-12 |
| Transaction Price | $3,300,000 |
| Buyer | GARMONT ENTERPRISES LLC |
| Seller | LASSLEY DEVELOPMENT COMPANY |
725 Villa Ave, Clovis Multifamily Investment
Neighborhood metrics point to very high occupancy and an elevated renter-occupied share, according to WDSuite s CRE market data, supporting durable demand for this 41-unit, inner-suburb asset.
Located at 725 Villa Ave in Clovis (Fresno metro), the property sits in an Inner Suburb neighborhood with a B+ rating that is competitive among Fresno neighborhoods (ranked 86 out of 246). Neighborhood occupancy is exceptionally strong and leads the metro (ranked 1 out of 246 neighborhoods) with top-tier performance nationally, a favorable backdrop for lease stability and pricing discipline.
Amenity access is mixed: parks and outdoor space are a local strength (nationally high presence), and cafes and restaurants are dense for the area, while grocery, pharmacy, and childcare options within the neighborhood are limited. For investors, this balance suggests solid lifestyle appeal for many renters while highlighting the importance of convenient transportation access to daily needs.
Renter-occupied housing is a large share of neighborhood units (also among the highest in the metro), indicating a deep tenant base for multifamily owners. Median contract rents in the area remain moderate relative to major coastal markets, but rent-to-income levels suggest some affordability pressure; prudent lease management can help sustain retention.
Within a 3-mile radius, demographics show recent population growth with further increases in households projected by 2028, implying a larger renter pool over the medium term. The neighborhood s average construction year is late-1970s, and this property s 1982 vintage is slightly newer than the local average, positioning it for value-add through selective renovations and system upgrades rather than full repositioning.
Safety indicators for the neighborhood compare favorably. The area performs well versus national peers and is among the strongest in the Fresno metro, with overall crime conditions ranked at the top of 246 neighborhoods. Recent trend data also shows meaningful year-over-year improvement in both violent and property offense rates, which supports leasing confidence and tenant retention.
As always, investors should evaluate property-level security measures and local enforcement coordination, and review the most current reports, as safety can vary by block and over time even within well-performing neighborhoods.
The wider employment base includes established corporate offices that broaden the renter catchment and support commute-driven demand for workforce housing.
- Con Agra Foods corporate offices (29.1 miles)
This 41-unit, 1982-vintage property benefits from a neighborhood that leads the Fresno metro in occupancy and maintains a high concentration of renter-occupied housing units. According to CRE market data from WDSuite, these neighborhood-level dynamics align with durable multifamily demand, while the asset s slightly newer-than-average vintage offers practical value-add potential through interior refreshes and targeted building system updates.
Within a 3-mile radius, recent population growth and projected increases in households through 2028 point to a broader renter pool that can support leasing and renewal performance. Amenity access skews toward parks, cafes, and restaurants, with fewer daily-needs retailers nearby a manageable consideration for tenant experience and marketing strategy. Affordability signals suggest monitoring rent-to-income levels to protect retention while capturing organic rent growth.
- Metro-leading neighborhood occupancy supports leasing stability
- High renter-occupied share indicates depth in tenant demand
- 1982 vintage positions the asset for targeted value-add upgrades
- 3-mile household growth outlook expands the prospective renter base
- Risks: limited nearby daily-needs retailers and affordability pressure may require careful rent and renewal management