| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 27th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 241 E Glenn Ave, Coalinga, CA, 93210, US |
| Region / Metro | Coalinga |
| Year of Construction | 1990 |
| Units | 50 |
| Transaction Date | 2024-07-09 |
| Transaction Price | $4,050,000 |
| Buyer | RENE ESQUIVEL REVOCABLE TRUST |
| Seller | PL PROPERTIES NO 79 LLC |
241 E Glenn Ave, Coalinga CA Multifamily Investment
Neighborhood-level occupancy has been notably stable, supporting steady leasing and retention potential for a 50-unit asset, according to WDSuite’s CRE market data. Positioning within Coalinga reinforces demand from a renter base oriented to practicality and value rather than lifestyle premiums.
The property sits in an Inner Suburb neighborhood of the Fresno, CA metro with a B+ neighborhood rating and a neighborhood-level occupancy profile that ranks 22nd among 246 metro neighborhoods (top quartile). Amenity access trends favor daily needs over destination retail: parks and pharmacies index strong nationally (around the top quartile), while cafes and restaurants are thinner than denser urban cores. For investors, this mix typically aligns with workforce-oriented housing and steady, needs-based trips rather than discretionary traffic, a pattern consistent with WDSuite’s commercial real estate analysis of similar submarkets.
Rents in the neighborhood benchmark at the lower half of national distributions and the rent-to-income ratio is comparatively modest, supporting lease retention and manageable turnover risk. The share of neighborhood housing units that are renter-occupied is elevated versus many U.S. neighborhoods, indicating a deeper tenant base for multifamily; this renter concentration supports demand stability even when discretionary spending cools.
Demographic indicators aggregated within a 3-mile radius show modest population growth over the last five years with increasing household incomes, while forward-looking estimates suggest relatively stable population and a potential increase in household counts. For multifamily investors, that pattern typically implies a steady or expanding renter pool and supports occupancy resilience, even if household sizes trend slightly smaller.
The average construction year in the neighborhood skews older than 1970s stock, while this asset was built in 1990. Being newer than much of the surrounding inventory can enhance competitive positioning; investors should still plan for selective modernization and system updates typical for a 1990 vintage to protect NOI and leasing velocity.
Standardized crime metrics for this specific neighborhood are not available in WDSuite at this time. Without comparable rank or percentile data, investors should avoid block-level assumptions and instead benchmark conditions through consistent, metro-level references and third-party due diligence sources.
Given the area’s suburban profile and everyday-amenity tilt, many investors prioritize routine risk management steps: review recent trend reports, speak with local property managers, and compare any available Fresno-metro neighborhood indices to maintain a like-for-like view of safety over time.
This 50-unit, 1990-vintage property in Coalinga benefits from a neighborhood-level occupancy profile in the top quartile of the Fresno metro, combined with a relatively modest rent-to-income burden that supports retention and pricing flexibility. According to CRE market data from WDSuite, the surrounding neighborhood skews toward needs-based amenities and an above-average renter concentration, reinforcing a stable tenant base for workforce multifamily.
With an average unit size around 500 square feet, the layout mix is likely oriented to smaller formats, which can perform well where monthly rent levels and practical access to daily services drive decisions. The 1990 construction offers a competitive edge versus older neighborhood stock, while leaving room for targeted renovations and system upgrades to enhance leasing appeal and protect long-run cash flow.
- Neighborhood occupancy ranks top quartile in the Fresno metro, supporting lease-up stability
- Modest rent-to-income burden underpins tenant retention and reduces turnover pressure
- 1990 vintage is newer than much of the surrounding stock, with value-add potential via selective updates
- Needs-based amenity mix aligns with workforce demand and durable renter pool dynamics
- Risks: limited lifestyle amenities may cap rent premiums; plan for 1990s systems refresh and market shifts