| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 27th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 S 3rd St, Coalinga, CA, 93210, US |
| Region / Metro | Coalinga |
| Year of Construction | 1986 |
| Units | 52 |
| Transaction Date | 2017-06-16 |
| Transaction Price | $958,500 |
| Buyer | DFA PLEASANT VALLEY ASSOCIATES LP |
| Seller | VANVANBUREN KATHERINE VAN |
141 S 3rd St Coalinga Multifamily Investment
Neighborhood occupancy has been notably stable and tight, according to WDSuite’s CRE market data, supporting durable renter demand for a 52-unit asset in Fresno County.
The property sits in Coalinga’s inner-suburban fabric, rated B+ and competitive among the 246 Fresno metro neighborhoods. Neighborhood occupancy is high and has trended upward in recent years, with levels well above national norms, indicating steady absorption and limited turnover risk for professionally managed multifamily.
Everyday services are accessible: parks and pharmacies score above metro averages with strong national percentiles, and grocery options are present, though cafes and restaurants are thinner than denser urban nodes. This mix supports daily livability, while also signaling limited lifestyle competition that can help sustain resident retention.
Tenure data indicates a meaningful share of housing units are renter-occupied in the neighborhood, and within a 3-mile radius unit tenure is close to an even split between owners and renters. For investors, that balance suggests a broad renter pool and demand stability for workforce-oriented product, especially at attainable price points.
Within a 3-mile radius, recent population growth has been positive, even as average household size increased and household counts were relatively flat. Forward-looking projections point to more households forming despite flat population expectations, implying smaller household sizes and a potentially larger tenant base over time. Median home values are moderate for California, and a modest rent-to-income profile in the neighborhood supports lease retention and measured pricing power without acute affordability pressure, based on CRE market data from WDSuite.
Neighborhood-level crime metrics are not available in WDSuite’s current release for this location, so comparative safety rankings versus the 246 Fresno metro neighborhoods and national percentiles cannot be provided here. Investors should review multiple sources and trend data for a fuller view and consider property-level measures and lighting, visibility, and access controls as part of risk assessment.
Regional employment is diversified, with commuting access to food processing and related industrial roles that can support workforce housing demand, including Con Agra Foods within driving range.
- Con Agra Foods — food processing (30.5 miles)
Built in 1986, the asset is newer than much of the surrounding housing stock, positioning it competitively against older inventory while still offering potential modernization and systems upgrades to enhance rentability and operating efficiency. Neighborhood fundamentals point to sustained renter demand and low vacancy: occupancy in the surrounding area remains elevated versus national norms, and ownership costs are moderate for the region, reinforcing reliance on multifamily. According to CRE market data from WDSuite, rent levels relative to incomes appear manageable, which supports retention and disciplined rate growth.
Demographic trends within a 3-mile radius show recent population growth and indications of more households over time, expanding the renter pool even as household sizes normalize. Together with mid-scale operations (52 units), these factors support an income-focused strategy with selective value-add to capture incremental yield, while keeping an eye on amenity-light positioning and regional employer dispersion.
- High neighborhood occupancy supports stable collections and low turnover risk
- 1986 vintage offers competitive positioning vs. older stock with modernization upside
- Manageable rent-to-income profile aids retention and measured rent growth
- 3-mile demographics point to a larger tenant base as households expand
- Risks: thinner nearby amenities and dispersed job centers may temper premium pricing