| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 27th | Fair |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14460 W California Ave, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 1988 |
| Units | 100 |
| Transaction Date | 2019-01-24 |
| Transaction Price | $16,900,000 |
| Buyer | GOLDEN MEADOWS LLC |
| Seller | PI PROPERTIES NO 50 PARTNERS LLC |
14460 W California Ave, Kerman CA Multifamily Investment
Neighborhood-level occupancy ranks at the top of the Fresno metro, signaling durable renter demand and limited frictional vacancy, according to WDSuite s CRE market data. Renter concentration is elevated at the neighborhood level, supporting a deeper tenant base for stabilized operations.
The property is in an Inner Suburb of the Fresno, CA metro where neighborhood-level occupancy ranks first among 246 neighborhoods, indicating strong utilization of existing stock. Renter-occupied housing share is above the metro median and in the top quartile nationally, suggesting meaningful depth of the tenant pool and support for leasing stability.
At the neighborhood scale, housing metrics are competitive among Fresno neighborhoods, while the amenity base inside the neighborhood is thin (limited grocery, cafes, parks, and pharmacies). Investors should assume a more car-oriented resident lifestyle and plan for on-site features and conveniences that can enhance retention in an amenity-light micro-location. Average school ratings in the neighborhood trail national norms, which may influence unit mix and marketing toward workforce and value-oriented renters rather than school-driven demand.
The asset s 1988 vintage is newer than the neighborhood s average construction year (1969). That positioning can be advantageous versus older stock, while still leaving room for targeted modernization of interiors and building systems to drive value-add returns and maintain competitiveness.
Within a 3-mile radius, WDSuite data shows households have increased over the past five years and are projected to expand further through 2028, with household size trending smaller. These shifts typically widen the renter pool and support occupancy stability. Median home values in the neighborhood sit in a high-cost ownership context relative to incomes (value-to-income ratio at the top of metro rankings), which tends to reinforce reliance on multifamily rentals and can underpin pricing power when paired with measured lease management.
Comparable, neighborhood-level safety data are not available in this dataset. Investors commonly benchmark against broader Fresno metro trends and rely on property-specific historicals, resident feedback, and local law enforcement briefings to assess operating risk. Continued monitoring of trend data and management practices is prudent.
Nearby employment is anchored by food processing and related corporate functions, which support workforce housing demand and commute convenience for renters in this submarket. Representative employer listed below reflects regional drivers accessible from Kerman.
- Con Agra Foods food processing corporate offices (13.7 miles)
This 100-unit, 1988-vintage community sits in a Fresno metro neighborhood with top-ranked occupancy and elevated renter concentration, pointing to durable demand and minimal frictional vacancy risk. The vintage is advantaged versus older local stock, with opportunity to capture value through focused upgrades that improve finishes, energy efficiency, and resident amenities.
Within a 3-mile radius, WDSuite s commercial real estate analysis indicates growing households and a projected expansion of the local renter base through 2028, supporting long-term leasing stability. A high-cost ownership backdrop at the neighborhood level further sustains renter reliance on multifamily, while modest in-neighborhood amenities suggest on-site improvements can differentiate the asset and enhance retention.
- Top-of-metro neighborhood occupancy supports stable collections and reduced downtime
- 1988 vintage offers competitive positioning with targeted value-add potential
- 3-mile household growth and smaller household sizes expand the renter pool
- High-cost ownership context reinforces multifamily demand and pricing power
- Risks: amenity-light micro-location and lower school ratings may require enhanced on-site services and targeted marketing