| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 33rd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15100 W El Mar Ln, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 1974 |
| Units | 33 |
| Transaction Date | 2025-11-26 |
| Transaction Price | $5,584,000 |
| Buyer | ROCKING RAIL LLC |
| Seller | JH BOYD ENTERPRISES INC |
15100 W El Mar Ln Kerman Multifamily Investment
Neighborhood occupancy is strong and supports leasing stability, according to WDSuite’s CRE market data. The 1974 vintage suggests a practical value-add path while benefiting from established Inner Suburb fundamentals.
Neighborhood and Demand Drivers
Kerman’s Inner Suburb setting shows durable renter demand at the neighborhood level, with occupancy in the top quartile nationally based on WDSuite’s data for the neighborhood (not the property). This tends to mean fewer competing vacancies and steadier lease-up for well-positioned assets.
Livability signals are mixed but serviceable for workforce housing. Grocery access is stronger than many areas nationwide (above the national median), and park access trends similarly, while broader amenities like cafes and pharmacies are thinner locally. In metro context, the overall amenity positioning is above the Fresno metro median when ranked against 246 neighborhoods, supporting day-to-day convenience without relying on destination retail.
Schools in the immediate neighborhood rate below national averages, an operational consideration for family-oriented leasing strategies. Home values are elevated relative to incomes (higher national percentile for value-to-income), which can sustain renter reliance on multifamily housing and support measured pricing power with careful lease management.
Tenure patterns suggest the neighborhood itself leans more owner-occupied, but the 3-mile radius shows a deeper renter base and ongoing household growth, indicating a larger tenant pool over time. These demographic statistics are aggregated within a 3-mile radius and point to continued renter pool expansion that supports occupancy stability, aligning with investor-focused commercial real estate analysis.
Safety Context
Neighborhood-level crime reporting for this area is not available in WDSuite at this time. Investors typically benchmark operating experience and local law-enforcement reports against Fresno metro trends and peer neighborhoods to assess relative safety and its potential impact on leasing and retention.
Given the absence of comparable rank or percentile data, a practical approach is to incorporate on-site observations, insurance quotes, and property manager feedback into underwriting rather than drawing block-level conclusions.
The broader employment base includes food processing, which supports steady workforce housing demand and reasonable commute times for renters. The list below reflects nearby employers referenced in WDSuite.
- Con Agra Foods — food processing (14.4 miles)
Why Invest
This 33-unit asset built in 1974 offers a straightforward value-add thesis: relative to a slightly older neighborhood stock, refreshed interiors and common areas can enhance competitiveness, while aging systems call for disciplined capital planning. At the neighborhood level, occupancy trends are strong and support income durability; nearby households and population within 3 miles have been expanding and are projected to continue growing, which broadens the tenant base and helps sustain leasing.
Elevated ownership costs relative to incomes in the area reinforce reliance on rental housing, while rents appear manageable against incomes—factors that can support retention and measured rent growth. According to CRE market data from WDSuite, these dynamics compare favorably to many Fresno-metro peers, provided operators navigate thinner local amenities and below-average school ratings with thoughtful marketing and unit mix strategies.
- Strong neighborhood occupancy supports income stability versus metro peers
- 1974 vintage presents value‑add potential alongside prudent capex planning
- Elevated ownership costs and manageable rent-to-income reinforce renter demand
- Risks: thinner amenity set and below-average school ratings; older systems may require investment