| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
241 E Glenn Ave, Coalinga CA Multifamily Investment
Neighborhood occupancy is strong and renter demand appears durable, according to WDSuite’s CRE market data, though these figures describe the surrounding Coalinga neighborhood rather than the property itself. The area’s renter-occupied housing share supports a stable tenant base in a market with manageable affordability pressures.
The property sits in Coalinga, Fresno metro, within an Inner Suburb neighborhood rated B+ (ranked 73 of 246). That places it competitive among Fresno neighborhoods and above the metro median on overall livability, with national amenity and housing indicators modestly above the middle of the pack.
Occupancy in the neighborhood is high and among the top quartile in the metro (rank 22 of 246) and is also strong compared with neighborhoods nationwide, per commercial real estate analysis from WDSuite. Note that these occupancy metrics reflect the broader neighborhood, not this specific asset.
The local renter concentration is substantial (renter-occupied share around the mid-40s), signaling depth in the tenant pool for a 50‑unit asset. A rent-to-income ratio near the low‑teens suggests moderated affordability pressure, which can aid lease retention and reduce volatility through cycles. Median home values and value-to-income ratios sit in a mid-range for the region, implying some competition from ownership options but continued reliance on rental housing for many households.
Demographics within a 3‑mile radius indicate recent population growth alongside a small decline in household counts, consistent with larger household sizes; this backdrop supports multifamily demand through a broader tenant base. Forward-looking projections show relatively stable population with an increase in household counts, which typically points to smaller household sizes and a gradual expansion of the renter pool over time.
Amenities are serviceable but not dense. Parks and pharmacies score above national medians, while cafes and restaurants are lighter relative to urban cores. School rating data is not available in WDSuite for this neighborhood; investors may wish to benchmark local districts during diligence.
Vintage matters: neighborhood housing skews to the early 1970s on average, while this property was built in 1990. Being newer than the neighborhood average can improve competitive positioning versus older stock, though capitalization plans should still account for system updates and selective modernization.
WDSuite does not report comparable crime metrics for this neighborhood at this time. Without consistent data, investors typically benchmark against Fresno metro and national trend reports when available, and supplement with local law enforcement datasets and property-level incident history during diligence.
Regional employment is anchored by food processing and related industries that draw a commuting workforce, supporting steady renter demand. The list below highlights a notable employer within driving distance.
- Con Agra Foods — packaged foods (30.6 miles)
This 1990 vintage, 50‑unit asset benefits from a neighborhood with historically strong occupancy and a meaningful renter-occupied housing share, supporting leasing stability. Newer-than-average vintage relative to the area (1970s typical stock) provides competitive positioning versus older comparables, while leaving room for targeted value‑add through common‑area refreshes and aging system replacements. According to CRE market data from WDSuite, the surrounding neighborhood’s occupancy performance and measured rent-to-income dynamics point to an investable balance of demand depth and pricing power.
Demographics within a 3‑mile radius show recent population growth and a projected increase in household counts even as population holds relatively flat, a pattern that can expand the renter pool and support occupancy. Ownership costs are moderate for the region, which may limit runaway rent growth but can underpin steady demand from households that continue to rent for value and convenience.
- Strong neighborhood occupancy supports stable leasing and income durability.
- 1990 construction offers competitive positioning versus older local stock with selective value‑add potential.
- Renter-occupied housing share and balanced rent-to-income ratios indicate depth in tenant demand.
- Demographic trends within 3 miles suggest an expanding renter pool via rising household counts.
- Risks: lighter amenity density, mixed employer proximity, and the need for system upgrades typical of late‑1980s/1990s assets.