| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 49th | Good |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 879 Osmun Cir, Clovis, CA, 93612, US |
| Region / Metro | Clovis |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 2001-11-17 |
| Transaction Price | $1,000,000 |
| Buyer | MAHAL GURPAL S |
| Seller | CARUSO NEAL |
879 Osmun Circle Clovis Multifamily Investment
This 20-unit property built in 1978 sits in a top-quartile neighborhood among 246 metro neighborhoods with strong amenity density and occupancy stability. Neighborhood-level data from WDSuite indicates 94.5% occupancy with median contract rents of $1,419.
The property occupies an established inner suburb neighborhood that ranks 15th among 246 Fresno metro neighborhoods, earning an A rating. Built in 1978, this vintage aligns with the neighborhood average construction year of 1981, positioning the asset within established building stock that may present value-add renovation opportunities for investors focused on capital improvements and rent optimization.
Neighborhood-level occupancy remains stable at 94.5%, ranking in the 68th percentile nationally and indicating consistent tenant retention. With 35.4% of housing units renter-occupied, the area maintains solid rental demand depth. Median contract rents of $1,419 have grown 31% over five years, though rent-to-income ratios at 0.19 suggest manageable affordability for tenants within a 3-mile radius where median household income reaches $96,098.
The neighborhood demonstrates strong amenity density that supports tenant appeal, ranking in the 83rd percentile nationally for overall amenities. Residents have access to 9.26 restaurants per square mile (89th percentile nationally) and adequate grocery, childcare, and pharmacy access. However, school ratings average 2.0 out of 5, ranking in the 37th percentile nationally, which may limit appeal to families with school-age children but supports workforce housing demand.
Demographics within a 3-mile radius show population growth of 2.5% over five years, with projections indicating continued expansion to 101,445 residents by 2028. Household income growth of 40% over five years demonstrates economic momentum, while forecasted median income increases to $124,895 should support rent growth potential and tenant retention for well-positioned properties.
Crime data for this specific neighborhood is not available in current reporting systems, limiting direct safety assessments for investor due diligence. Investors should conduct independent safety evaluations through local law enforcement data, on-site visits during different times of day, and tenant feedback during the underwriting process.
The neighborhood's overall A rating and top-quartile ranking among 246 metro neighborhoods suggests general stability, though crime-specific metrics would be essential for comprehensive risk assessment. Consider engaging local property management companies familiar with the submarket to provide operational insights on security considerations and tenant safety concerns.
The employment base includes regional corporate offices that provide workforce housing demand, though major employers are positioned at greater distances requiring commute considerations for tenant attraction.
- Con Agra Foods — corporate offices (30.0 miles)
This 20-unit property offers investors exposure to a top-quartile Fresno neighborhood with demonstrated occupancy stability and rent growth momentum. The 1978 construction year presents value-add renovation opportunities while neighborhood fundamentals show 31% rent growth over five years and stable 94.5% occupancy rates. According to CRE market data from WDSuite, the area benefits from strong amenity density ranking in the 83rd percentile nationally, supporting tenant retention in a market where 35.4% of units are renter-occupied.
Demographics within a 3-mile radius indicate continued population growth with household income increases of 40% over five years, projecting to $124,895 median income by 2028. This economic momentum, combined with manageable rent-to-income ratios of 0.19, suggests sustainable demand for workforce housing. The property's average unit size of 1,119 square feet provides competitive space for the local rental market.
- Top-quartile neighborhood ranking with A rating among 246 metro areas
- Stable 94.5% occupancy rates with 31% rent growth over five years
- Value-add potential through renovations of 1978 vintage units
- Growing demographics with 40% household income increase and continued population expansion
- Risk consideration: Limited nearby major employment centers may affect tenant commute preferences