| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 23rd | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14684 W Kearney Blvd, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 2006 |
| Units | 33 |
| Transaction Date | 2003-01-16 |
| Transaction Price | $350,000 |
| Buyer | KEARNEY PALMS SENIOR APARTMENTS LP |
| Seller | BOGDANOV WILLIAM A |
14684 W Kearney Blvd, Kerman Multifamily Investment
Neighborhood occupancy is strong and renter demand is durable, according to WDSuite’s CRE market data, supporting stable operations for appropriately positioned assets.
Located in Kerman’s inner-suburban fabric of the Fresno, CA metro, the neighborhood posts a high occupancy rate at 97.2% and sits in the top quartile nationally for occupancy. Within the metro, its occupancy rank (68 of 246 neighborhoods) indicates performance that is competitive among Fresno neighborhoods and supportive of steady tenant retention.
Renter-occupied housing accounts for roughly 61% of units (ranked 45 of 246), signaling a deep renter base for multifamily leasing. Median contract rents in the neighborhood are modest relative to many California markets, while the rent-to-income ratio of about 0.23 points to manageable affordability pressure—helpful for renewal stability and lease management.
Amenities are mixed: restaurants and grocery access are moderate by national standards, with cafes relatively prevalent (74th percentile nationally), while parks and childcare density are limited. Average school ratings trend below the national median (around the 37th percentile), which investors may weigh when considering family-oriented demand drivers.
Demographic statistics aggregated within a 3‑mile radius show recent population growth with a larger increase in households and a gradual reduction in average household size. Looking ahead, forecasts indicate further household growth and smaller household sizes by 2028, which can expand the local renter pool and support occupancy. Median home values and the value‑to‑income ratio place the area as a comparatively high‑cost ownership market (81st percentile nationally on value‑to‑income), which can reinforce reliance on rental housing and support pricing power for well-managed communities. Based on commercial real estate analysis from WDSuite, the neighborhood’s average construction vintage is 1988; a 2006 asset should compete well against older stock while still planning for mid‑life system upgrades over the hold.
Neighborhood‑level crime metrics for this location are not available in WDSuite’s current dataset. Investors commonly benchmark safety using Fresno metro and city resources, compare trends across nearby neighborhoods, and incorporate property‑level security practices and visibility into underwriting rather than relying on block‑level interpretations.
The area draws from a regional employment base tied to food processing and related industrial operations, supporting workforce housing demand and commute convenience for renters working at these employers.
- Con Agra Foods — food processing (14.1 miles)
Built in 2006 with 33 units averaging about 669 sq. ft., the property should position competitively against an older neighborhood stock (average vintage 1988). High neighborhood occupancy and a renter‑occupied share above 60% point to a deep tenant base and stable day‑to‑day demand. According to CRE market data from WDSuite, ownership costs in the area are relatively high versus incomes, which can sustain reliance on rental housing and aid retention for well‑run assets.
Within a 3‑mile radius, population has grown, households have increased faster than population, and forecasts anticipate further household growth alongside smaller household sizes—factors that can expand the renter pool and support occupancy. Counterbalances include limited park/childcare amenities and below‑median school ratings, suggesting leasing may skew toward workforce renters, with marketing focused on value, commute, and unit quality.
- 2006 vintage competing well versus older neighborhood stock, with targeted mid‑life upgrades to enhance positioning
- High neighborhood occupancy (top quartile nationally) supports leasing stability and renewal potential
- Renter concentration above 60% indicates depth of tenant base and steady multifamily demand
- Household growth and smaller household sizes within 3 miles expand the renter pool and support occupancy over time
- Risks: limited parks/childcare and below‑median school ratings may temper family‑driven leasing and require tailored marketing