| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 2nd | Poor |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 35820 S Lassen Ave, Huron, CA, 93234, US |
| Region / Metro | Huron |
| Year of Construction | 2005 |
| Units | 61 |
| Transaction Date | 2025-06-30 |
| Transaction Price | $4,200,000 |
| Buyer | CENTRAL VALLEY HOLDINGS 1 LP |
| Seller | PALMER HEIGHTS LP |
35820 S Lassen Ave Huron Multifamily Investment
Neighborhood renter concentration and steady occupancy point to durable tenant demand, according to WDSuite s CRE market data.
The property is a 61-unit, 2005-vintage multifamily asset in Huron, California. The vintage is newer than the neighborhood s average building year (1976), which can offer competitive positioning versus older stock while keeping an eye on mid-life system updates over the hold period.
Neighborhood-level occupancy is reported at 94.1% and has edged higher over the past five years, suggesting generally stable leasing conditions. Importantly, these occupancy figures reflect the neighborhood and not the property itself. Renter-occupied housing accounts for a high share of neighborhood units (73.3%), indicating a deep tenant base for multifamily demand and potential support for retention through cycles.
Relative performance within the Fresno, CA metro is mixed. With 246 metro neighborhoods as the basis, overall neighborhood quality sits in the lower tier (rank 239/246), while housing indicators are stronger than the national middle (around the 60th percentile). By contrast, amenities such as parks, cafes, and childcare are sparse (amenities rank 171/246 and low national percentiles), which can increase car dependency and reduce lifestyle convenience compared with higher-amenity submarkets.
Demographic statistics within a 3-mile radius show recent population growth alongside modest household growth, with larger households on average. Looking forward, WDSuite s projections indicate additional population and household increases in the area, which would expand the renter pool and can support occupancy stability and leasing velocity if realized.
Comparable crime data for this neighborhood are not available in the current WDSuite release. Investors typically evaluate safety using multiple sources regional trend reports, police department publications, and property-level incident history to contextualize on-the-ground conditions relative to the broader Fresno metro.
The area s employment base includes regional food processing operations that draw a commuting workforce, which can support renter demand and lease retention for workforce housing.
- Con Agra Foods food processing corporate offices (21.6 miles)
This 61-unit asset s 2005 construction positions it newer than much of the surrounding stock, offering relative competitiveness against older buildings while allowing for targeted capital planning as major systems reach mid-life. Neighborhood-level signals point to a large renter base (high renter-occupied share) and steady occupancy, which together support demand stability. According to CRE market data from WDSuite, the immediate area has seen recent population expansion within a 3-mile radius and forecasts call for additional growth, which can expand the tenant base and support consistent leasing if trends materialize.
Counterweights include limited nearby amenities and lower overall neighborhood rankings within the Fresno metro, which may necessitate sharper value positioning and attentive operations. Still, the combination of renter demand depth, occupancy stability, and a newer vintage creates a pragmatic foundation for a long-term hold or light value-add strategy.
- Newer 2005 vintage versus local average, supporting competitive positioning
- High neighborhood renter-occupied share indicates a deep tenant base
- Neighborhood occupancy trends suggest generally stable leasing conditions
- 3-mile radius population and household growth bolster long-run demand potential
- Risk: Sparse amenities and lower neighborhood ranking may require sharper pricing and active management