| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 42nd | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15649 W California Ave, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 2006 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15649 W California Ave Kerman Multifamily Investment
2006-vintage, 80-unit asset positioned in Kerman’s inner-suburb context where neighborhood occupancy is steady and renter demand is supported by rising household incomes, according to WDSuite’s CRE market data.
Kerman’s neighborhood profile is competitive among Fresno neighborhoods (ranked 69 of 246, B+ rating) with occupancy in the surrounding neighborhood trending around the national mid-to-upper range. The submarket’s Inner Suburb setting draws value-seeking renters who still want proximity to Fresno’s job base, supporting stable leasing conditions without central-city volatility.
The property’s 2006 construction is newer than the neighborhood’s average vintage (1973). For investors, this can support relative competitiveness versus older stock and may temper near-term capital planning, while still leaving room for targeted renovations and system updates to capture value-add upside.
Amenities are mixed. Park access and café density are competitive locally and land in the top quartile nationally, which helps with day-to-day livability. However, limited childcare and pharmacy presence nearby suggests some residents may rely on longer drive times; operators should consider onsite conveniences or service partnerships to aid retention.
Renter-occupied share in the immediate neighborhood is moderate, while within a 3-mile radius renter concentration is roughly half of occupied housing units. Combined with neighborhood occupancy that sits above the national median, this points to a sufficiently deep tenant base and supports occupancy stability for well-positioned multifamily assets.
Within 3 miles, recent population growth has been modest, but forecasts point to a larger household base by 2028 alongside smaller average household sizes. That shift can expand the renter pool and sustain demand for multifamily units over the medium term.
Ownership costs in the area sit above national norms, while rent-to-income levels remain manageable. For investors, this combination typically reinforces renter reliance on multifamily housing and supports lease retention, with pricing power more closely tied to product quality and management execution than to rapid market swings.
Detailed crime metrics for this neighborhood are not available in the provided dataset. Investors typically benchmark city and county trends and prioritize property-level measures such as lighting, access control, and resident engagement. In practice, comparing trends to Fresno-area norms and reviewing recent municipal reporting can help contextualize risk without over-relying on block-level anecdotes.
Commuting access to regional employers supports workforce housing demand, with proximity suitable for tenants working in food processing and related logistics.
- Con Agra Foods — food processing (13.5 miles)
This 80-unit, 2006-built multifamily property offers scale and a newer vintage relative to the surrounding neighborhood, positioning it competitively against older local stock. Neighborhood occupancy trends sit above the national median, and within 3 miles, household counts are projected to increase by 2028 while average household sizes decline—factors that can broaden the renter base and support steady absorption.
Elevated ownership costs compared with national norms, combined with manageable rent-to-income levels, suggest durable rental demand with retention driven by product quality and operational execution. Based on CRE market data from WDSuite, amenity access is locally competitive, though operators should account for gaps in childcare and pharmacy options when planning resident services and marketing.
- 2006 vintage relative to older neighborhood stock supports competitive positioning with targeted value-add potential
- Neighborhood occupancy above the national median helps underpin leasing stability
- 3-mile outlook indicates more households and smaller sizes, expanding the renter pool over the medium term
- Ownership costs above national norms reinforce reliance on rental housing, supporting retention and pricing power
- Risk: limited nearby childcare/pharmacy and mid-pack metro occupancy rank require thoughtful amenities and management to sustain performance