| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 23rd | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14606 W Kearney Blvd, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 2009 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14606 W Kearney Blvd Kerman Multifamily Investment
This 20-unit property built in 2009 serves a neighborhood with 97.2% occupancy and strong renter demand, according to CRE market data from WDSuite.
The Kerman neighborhood demonstrates solid rental fundamentals with 97.2% occupancy ranking in the top quartile among 246 metro neighborhoods. With 61.2% of housing units renter-occupied, the area maintains consistent demand for multifamily properties. Demographics within a 3-mile radius show a population of approximately 16,000 with median household income of $58,155 and moderate growth projections through 2028.
Built in 2009, this property represents newer construction compared to the neighborhood average of 1988, potentially reducing near-term capital expenditure needs. The area's median contract rent of $986 provides affordability for local income levels, with rent-to-income ratios supporting tenant retention. Amenity density remains modest with limited childcare and park access, though grocery and restaurant options provide basic tenant conveniences.
Home values averaging $258,400 create moderate ownership costs that maintain rental market participation without excessive affordability pressure. The neighborhood's B rating reflects balanced fundamentals across housing, demographics, and local amenities, positioning it competitively within the Fresno metro area for workforce housing demand.
Crime data for this Kerman neighborhood is not currently available in the regional dataset. Investors should conduct independent due diligence on local safety conditions and consider engaging with Kerman city officials or local law enforcement for current crime statistics and neighborhood safety trends when evaluating this investment opportunity.
Employment opportunities in the Kerman area are anchored by agricultural and food processing operations, with ConAgra Foods providing a significant corporate presence within commuting distance.
- ConAgra Foods — food processing and corporate offices (14.2 miles)
This 20-unit Kerman property offers exposure to a stable rental market with neighborhood-level occupancy of 97.2% and strong renter participation at 61.2% of housing units. The 2009 construction year provides modern building systems while avoiding the premium associated with new construction. Demographics within a 3-mile radius show population growth potential with household formation supporting continued rental demand through the forecast period.
The property's location benefits from moderate home values that sustain rental market participation without creating excessive affordability pressure for tenants. Average unit size of 678 square feet aligns with local housing patterns, while the neighborhood's workforce housing profile supports consistent occupancy among income-qualified renters.
- High neighborhood occupancy at 97.2% indicates stable rental demand
- 2009 construction reduces near-term capital expenditure requirements
- Strong renter participation with 61.2% of units renter-occupied
- Limited amenity infrastructure may impact tenant retention and lease-up velocity