| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 41st | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Juniper Ridge Blvd, Coalinga, CA, 93210, US |
| Region / Metro | Coalinga |
| Year of Construction | 2007 |
| Units | 75 |
| Transaction Date | 2003-12-02 |
| Transaction Price | $384,000 |
| Buyer | ECHO CANYON APARTMENTS LLC |
| Seller | ECHO CANYON APARTMENT HOMES LLC |
300 Juniper Ridge Blvd Coalinga Multifamily Investment
This 75-unit property built in 2007 operates in a neighborhood with above-median household income and strong COVID resilience metrics, according to CRE market data from WDSuite.
The property sits in a rural neighborhood with a median household income of $100,417, ranking in the top quartile among 246 metro neighborhoods. Demographics within a 3-mile radius show a stable population base of 10,624 residents with household income growth of 47.8% over five years. The area maintains 53.8% owner-occupied housing units, with 46.2% renter-occupied units supporting multifamily demand.
Built in 2007, this property represents newer construction compared to the neighborhood average of 1982, suggesting reduced near-term capital expenditure needs. The 88.6% neighborhood-level occupancy rate falls below metro averages, indicating potential absorption challenges that warrant careful lease management. Contract rents median at $1,161, with rent-to-income ratios at 0.14 suggesting manageable affordability for tenants.
Projected demographic trends through 2028 show modest population growth of 3.4% and household formation increasing 43.6%, potentially expanding the renter pool. However, the neighborhood ranks in the bottom quartile nationally for amenities, with limited retail, dining, and service options that may impact tenant retention and lease-up velocity.
Crime data for this neighborhood is not currently available in the regional dataset. Investors should conduct independent due diligence on local safety conditions and trends when evaluating tenant appeal and insurance considerations for this rural Coalinga location.
The local employment base is anchored by agricultural and food processing operations, with Con Agra Foods providing corporate office employment within commuting distance.
- Con Agra Foods — food processing corporate offices (30.3 miles)
This 75-unit property offers exposure to a rural California market with above-median household incomes and strong COVID economic resilience. The 2007 construction vintage positions the asset with reduced near-term capital needs compared to older neighborhood stock. However, below-average neighborhood occupancy rates and limited amenity access present leasing and retention challenges that require active management strategies.
Demographic projections show household formation growth of 43.6% through 2028, potentially supporting rental demand expansion. The area's agricultural employment base provides economic stability, though geographic isolation from major employment centers may limit tenant pool diversity.
- Above-median household income supports rent collection stability
- 2007 construction reduces immediate capital expenditure requirements
- Projected household formation growth may expand renter demand
- Rural market positioning with limited direct competition
- Below-average occupancy rates require careful lease management and retention strategies