| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 27th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 750 E Elm Ave, Coalinga, CA, 93210, US |
| Region / Metro | Coalinga |
| Year of Construction | 1987 |
| Units | 105 |
| Transaction Date | 2018-05-23 |
| Transaction Price | $7,900,000 |
| Buyer | KD PEBBLE LLC |
| Seller | 250 TRUMAN AVENUE CORP |
750 E Elm Ave, Coalinga CA Multifamily Investment
Neighborhood occupancy is notably stable and supports leasing durability, according to WDSuite’s CRE market data, suggesting dependable renter demand for well-managed assets.
This Inner Suburb neighborhood in the Fresno metro is rated B+ and ranks 73rd of 246 neighborhoods, making it competitive among Fresno neighborhoods for multifamily performance. Local occupancy is strong and has trended higher over the last five years, positioning operators to emphasize retention and disciplined renewal strategies.
Amenity access skews practical rather than lifestyle-centric: pharmacies and parks index well (national percentiles around the 80s), and grocery access is above average for similar areas. Cafe density is sparse and restaurant options are moderate, so on-site community features and resident programming can help augment day-to-day convenience.
Renter-occupied housing accounts for a meaningful share of local units, signaling a durable tenant base for a 105-unit property. With a neighborhood rent-to-income ratio near the low teens, affordability pressure is relatively contained compared with many California submarkets, which can aid renewal outcomes and occupancy stability.
Within a 3-mile radius, population has grown modestly in recent years while household size edged up, and projections indicate mostly flat population with an increase in total households and slightly smaller household sizes ahead. For investors, this points to a steady or expanding renter pool and continued depth for workforce-oriented product, based on CRE market data from WDSuite.
Neighborhood-level crime data was not available in this release. Investors typically benchmark safety by comparing neighborhood trends to the broader Fresno metro and reviewing recent municipal reports and property-level incident history to assess tenant retention and insurance planning.
Proximity to regional food processing supports workforce housing demand, with commute-range access to Con Agra Foods.
- Con Agra Foods — food processing (30.1 miles)
Built in 1987, the asset is newer than much of the local stock (which skews 1970s), offering competitive positioning versus older vintage properties while still warranting routine system updates and potential interior refreshes for value-add. Neighborhood occupancy is high and rising, and renter-occupied unit concentration supports a stable tenant base and consistent leasing performance.
Within a 3-mile radius, modest population growth paired with a projected increase in households and slightly smaller household sizes suggests a steady to expanding renter pool. Home values and rent-to-income metrics indicate a high-cost ownership state but relatively manageable rent burden locally, reinforcing retention and supporting pricing discipline, according to CRE market data from WDSuite.
- High neighborhood occupancy and stable renter base support consistent cash flow
- 1987 vintage offers competitive positioning versus older stock with value-add potential
- 3-mile demographics point to a steady or expanding renter pool over the medium term
- Practical amenity access (parks, pharmacies, groceries) aids livability and retention
- Risk: thinner lifestyle amenities and limited nearby corporate nodes may temper top-of-market rent growth