| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 23rd | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14608 W Kearney Blvd, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 2006 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14608 W Kearney Blvd Kerman Multifamily Investment
Neighborhood-level occupancy near 97% suggests durable renter demand and leasing stability for this submarket, according to WDSuite’s CRE market data. These metrics describe the surrounding neighborhood, not the property itself, and point to steady cash flow potential in Fresno County.
Positioned in Kerman’s Inner Suburb of the Fresno, CA metro, the neighborhood carries a B rating and ranks 104 out of 246 metro neighborhoods—above the metro median—based on WDSuite’s CRE market data. For investors, that translates into balanced fundamentals and a tenant base that supports stable operations.
Multifamily demand indicators are favorable: the surrounding neighborhood’s occupancy is 97.2%, placing it in the top quartile nationally, and renter-occupied housing represents a high share of local units. Together, this implies depth in the renter pool and supports retention and pricing power through typical cycles. Note that these occupancy and renter-occupied figures reflect the neighborhood, not the property.
Livability inputs are mixed but workable for workforce housing. Dining density trends above national averages (restaurants and cafes), with grocery and pharmacy access in the mid-to-high range. Park and childcare densities are limited locally, which may temper appeal for some family renters, and average school ratings are modest. These dynamics suggest focusing on convenience- and value-driven renter profiles.
Ownership costs are moderate in absolute terms but relatively elevated versus incomes (value-to-income trends are high for the area), which can reinforce renter reliance on multifamily housing and bolster lease-up and renewal stability. Within a 3-mile radius, recent population growth and an increase in households indicate a larger tenant base today, with projections through 2028 pointing to additional household growth and smaller average household sizes—factors that typically support ongoing multifamily demand.
The asset’s 2006 vintage is newer than the neighborhood’s average construction year (late 1980s), providing a competitive edge versus older stock while still warranting selective system updates and common-area enhancements over the hold to maintain positioning.
Neighborhood-level crime metrics are not available in this release for precise benchmarking. Investors commonly compare property-level trends to Fresno metro and county datasets during diligence, review recent incident patterns, and incorporate on-site measures (lighting, access control) to align with market expectations.
Given the absence of comparable neighborhood ranks or percentiles, a data-room review of third-party crime datasets and insurer feedback is recommended to contextualize safety relative to peer submarkets in the Fresno area.
The area’s employment base includes regional food processing and distribution, supporting workforce renter demand and commute convenience for shift-based employees. Nearby, Con Agra Foods anchors this employment theme.
- Con Agra Foods — packaged foods (14.1 miles)
This 48-unit, 2006-vintage property in Kerman benefits from neighborhood fundamentals that favor stable operations: top-quartile neighborhood occupancy, a high share of renter-occupied units, and ownership costs that lean residents toward renting. According to CRE market data from WDSuite, local amenities skew toward dining and daily needs, while limited parks and modest school ratings suggest targeting convenience-driven renter segments.
Within a 3-mile radius, recent population growth and a rising household count expand the tenant base, and projections through 2028 point to continued household growth with smaller average household sizes—conditions that typically sustain renter demand and support occupancy management. The 2006 vintage is newer than much of the area’s stock, offering competitive positioning versus older assets, with scope for targeted upgrades to protect rent levels and retention.
- Top-quartile neighborhood occupancy and high renter concentration support leasing stability
- 2006 vintage competes well against older local stock; selective upgrades can enhance NOI
- 3-mile radius shows population and household growth, expanding the renter pool
- Ownership costs relative to incomes reinforce reliance on rental housing, aiding retention
- Risks: limited parks/childcare and modest school ratings may narrow family-renter appeal