| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 27th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 187 E Cherry Ln, Coalinga, CA, 93210, US |
| Region / Metro | Coalinga |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2021-03-16 |
| Transaction Price | $1,585,000 |
| Buyer | QUINTERO JAVIER |
| Seller | PALM COURT HOLDINGS LLC |
187 E Cherry Ln, Coalinga Multifamily Investment
Neighborhood occupancy is strong and has trended upward, supporting income stability for well-run assets in this submarket, according to WDSuite’s CRE market data; these occupancy metrics are measured for the neighborhood, not the property.
The property sits in an Inner Suburb pocket of the Fresno, CA metro that ranks 73 out of 246 neighborhoods—above the metro median—on overall neighborhood rating (B+). For investors, this positioning indicates balanced fundamentals rather than a speculative story.
Operationally, the neighborhood’s occupancy rate is in the 95th percentile nationally and ranks 22 of 246 within the Fresno metro, signaling tight supply-demand conditions at the neighborhood level (these occupancy figures pertain to the neighborhood, not the specific property). A renter-occupied housing share of 42.7% is high relative to national norms (82nd percentile), pointing to a meaningful tenant base for multifamily leasing.
Livability is supported by everyday conveniences rather than lifestyle density. Pharmacies and parks are comparatively accessible (both near the top quintile nationally), and grocery access sits above national mid-range, while restaurants and cafes are thinner. This mix favors practical, workforce-oriented demand over entertainment-led leasing narratives.
Within a 3-mile radius, recent population growth has been modest with household sizes edging larger, while household counts have been relatively flat; forward-looking datasets suggest households may increase even if population growth is muted, which would expand the local renter pool and support occupancy stability. Median home values are elevated for the area and rent-to-income levels remain manageable, which together tend to sustain renter reliance on multifamily housing rather than accelerating move-outs to ownership.
Comparable crime data at the neighborhood level is not available in this release. Investors typically evaluate safety by benchmarking local trends against Fresno metro averages and focusing on property-level measures (lighting, access control, and on-site management) that support retention and lease-up. Where data is limited, a conservative underwriting approach that references broader regional patterns is prudent.
Regional employment is anchored by food processing and related agri-business, which supports workforce housing demand and commute convenience for renters. Notable nearby employer includes:
- Con Agra Foods — food processing (30.0 miles)
Tight neighborhood occupancy and an above-median standing within the Fresno metro underpin the case for durable cash flows. Based on CRE market data from WDSuite, the area’s high renter concentration and practical amenity mix suggest steady leasing from a workforce tenant base, while rent-to-income levels indicate room for measured rent growth without overextending affordability.
Forward-looking demographics within a 3-mile radius indicate potential expansion of households even if population growth is muted, which can enlarge the tenant base and help sustain occupancy. Investors should balance these strengths against small-market depth and the need for disciplined capital planning typical of comparable vintage assets in the area.
- Neighborhood occupancy sits in a nationally strong cohort, supporting income stability
- Above-median neighborhood ranking within Fresno signals competitive fundamentals
- High renter concentration and practical amenities support steady workforce demand
- Household growth (3-mile radius) points to a larger tenant base and leasing durability
- Risks: smaller market scale and prudent capital planning needs for comparable-era assets