| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 19th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 302 W Pleasant St, Coalinga, CA, 93210, US |
| Region / Metro | Coalinga |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | 2004-03-25 |
| Transaction Price | $1,800,000 |
| Buyer | 302 W PLEASANT COALINGA LLC |
| Seller | BJL PROPERTIES III LLC |
302 W Pleasant St, Coalinga Multifamily Investment
Neighborhood indicators point to steady renter demand — occupancy trends sit above national medians and renter concentration is elevated in this Fresno metro submarket, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood rated B and ranked 95 of 246 in the Fresno metro — competitive among Fresno neighborhoods. Local occupancy is in the national top half, suggesting more stable lease-up and renewal dynamics than many peer areas.
Renter-occupied housing represents roughly half of neighborhood units, with a renter concentration that ranks high nationally. For multifamily owners, that depth of the tenant base typically supports ongoing demand and helps cushion leasing through cycles.
Everyday amenities are serviceable for a smaller Central Valley market: restaurant and grocery access track around the national middle, while parks and pharmacies trend modestly above median levels. School ratings are comparatively modest, which investors should factor into expectations for family-driven demand and marketing positioning.
Within a 3-mile radius, population has expanded in recent years while household counts edged lower and average household size increased. This points to larger households and a stable, family-oriented renter pool that can support occupancy, even as unit mix and common-area programming may need to accommodate larger household needs.
Ownership costs in the area are elevated relative to incomes by national standards (high value-to-income ratio), which tends to reinforce reliance on rental housing and can aid retention. Median contract rents remain comparatively accessible versus income levels (rent-to-income around the national middle), offering investors room to focus on operational improvements over aggressive pricing.
Neighborhood-level crime metrics were not available in WDSuite for this location at the time of publication. Investors commonly benchmark safety trends against Fresno metro and citywide patterns and review multiple data sources over time to understand directionality and potential impacts on leasing and retention.
Regional employment includes nearby food processing and corporate operations that broaden the commuter shed and support renter demand, including Con Agra Foods.
- Con Agra Foods — corporate offices (31.2 miles)
Built in 1985, this 40-unit asset is newer than much of the surrounding housing stock, providing a relative competitive edge while leaving room for targeted modernization of systems and interiors. Neighborhood occupancy trends sit above national medians and renter concentration is high, supporting day-one demand and renewal stability. Within a 3-mile radius, recent population growth alongside larger household sizes suggests a durable tenant base, while elevated ownership costs relative to incomes sustain reliance on rentals. These dynamics, based on commercial real estate analysis from WDSuite, point to stable operations with selective value-add upside.
Amenity access is serviceable and home values are elevated versus income, reinforcing rental demand and potential retention. Key underwriting considerations include modest school ratings and limited childcare density, which may influence marketing strategy toward workforce renters and smaller households unless community programming addresses family needs.
- 1985 vintage offers competitive positioning versus older local stock with scope for targeted upgrades
- Neighborhood occupancy trends above national medians support leasing stability
- High renter concentration and elevated ownership costs bolster depth of tenant demand
- 3-mile population growth and larger household sizes indicate a durable renter pool
- Risks: modest school ratings and thinner childcare options may temper family-driven demand