| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 23rd | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14644 W Kearney Blvd, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 2011 |
| Units | 44 |
| Transaction Date | 2011-05-09 |
| Transaction Price | $350,000 |
| Buyer | WP KEARNEY PALMS SENIOR APARTMENTS PHASE |
| Seller | PINON GABRIEL |
14644 W Kearney Blvd Kerman Multifamily Investment
Neighborhood occupancy sits in the top quintile nationally, supporting cash-flow durability and leasing stability, based on CRE market data from WDSuite.
Positioned in Kerman’s Inner Suburb context, the property benefits from a renter-occupied share of housing units that is high for the area, indicating depth in the tenant base and support for multifamily demand. The neighborhood’s occupancy performance is competitive among Fresno, CA neighborhoods (ranked 68 of 246) and in the top quartile nationally, a favorable backdrop for maintaining occupancy and lease retention.
Livability signals are mixed but serviceable for workforce tenants. Grocery and pharmacy access rank above the metro median (ranks 109 and 61 of 246, respectively), while cafes are competitive among Fresno neighborhoods (rank 53 of 246). Park and childcare densities are limited in this neighborhood (both ranked 246 of 246), which may modestly affect family-oriented amenity appeal. Average school ratings in the neighborhood trend below national norms (national percentile 37), an element to consider for resident mix and marketing strategy.
Rent levels in the neighborhood track near national norms (contract rent sits around the national median by percentile), which helps manage affordability pressure relative to incomes. The local value-to-income ratio is elevated by national standards (81st percentile), suggesting a high-cost ownership market that can reinforce reliance on multifamily housing and support pricing power when paired with strong occupancy.
Within a 3-mile radius, demographics point to a larger renter pool over time: population has increased recently and households have grown, with projections indicating further population growth and more households by 2028. A modest downshift in average household size is expected, which typically supports additional demand for rental units and can aid occupancy stability. These dynamics, according to WDSuite’s CRE market data, translate into a broader tenant pipeline for well-positioned multifamily assets.
Vintage matters: the property was built in 2011, newer than the neighborhood’s average construction year of 1988. This newer vintage can offer competitive positioning versus older stock and may defer some near-term capital expenditures, while still leaving room for targeted modernization to capture premiums where appropriate.
Safety benchmarking is a common diligence step for investors, typically framed against metro and national trends. For this neighborhood, WDSuite does not currently provide a comparable crime rank or national percentile, so investors should supplement with standard local checks and time-series reviews to understand trend direction rather than relying on point-in-time anecdotes.
Regional employment access is relevant for workforce renters, with food processing and related corporate offices contributing to commuting demand from the area.
- Con Agra Foods — food processing corporate offices (14.2 miles)
This 44-unit, 2011-vintage asset aligns with strong neighborhood occupancy and a high renter-occupied housing share, supporting a stable tenant base. According to CRE market data from WDSuite, the neighborhood’s occupancy performance is competitive within the Fresno metro and ranks in the top quartile nationally, reinforcing the case for durable lease-up and retention. Elevated ownership costs relative to income in the area help sustain reliance on rentals, while rent levels near national norms support balanced affordability and reduce undue retention risk.
Within a 3-mile radius, recent population gains and a notable increase in households, with further growth projected, point to a larger tenant base over the medium term. The property’s newer construction versus neighborhood averages provides competitive positioning against older inventory, with room for selective value-add or modernization to capture incremental rent, balanced against typical system refresh needs as the asset seasons.
- Occupancy strength: competitive within Fresno (68 of 246) and top quartile nationally supports leasing stability.
- Deep renter base: high renter-occupied share in the neighborhood underpins demand and retention.
- Ownership cost context: elevated value-to-income ratio reinforces reliance on multifamily housing.
- Demographic tailwinds: 3-mile population and household growth expand the renter pool, supporting occupancy and rent performance.
- Risks: limited park/childcare amenities and below-average school ratings may affect family appeal; monitor any shift toward ownership that could introduce competition.