| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 42nd | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15699 W California Ave, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 2006 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15699 W California Ave Kerman Multifamily Investment
This 30-unit property built in 2006 offers exposure to a neighborhood with above-median household incomes and strong COVID-resilient employment, according to CRE market data from WDSuite.
Kerman's Inner Suburb neighborhood ranks in the top quartile nationally for COVID-resilient employment at 94th percentile, with median household incomes of $120,344 placing it in the 86th percentile nationally among 246 metro neighborhoods. The area maintains a 93.1% occupancy rate with median contract rents of $1,373, positioning above the 70th percentile nationally for rental income potential.
Built in 2006, this property represents newer construction compared to the neighborhood's 1973 average vintage, potentially reducing near-term capital expenditure needs and offering competitive positioning. Demographics within a 3-mile radius show household growth of 9.2% over five years, with projections indicating continued expansion through 2028 that supports multifamily rental demand.
The neighborhood's 38.2% rental occupancy share ranks in the 78th percentile nationally, indicating strong rental market depth. With 50.7% of housing units renter-occupied within the broader 3-mile area and median contract rents rising 46.7% over five years, the fundamentals suggest sustained demand for rental housing amid limited ownership alternatives.
Crime data is not available for this neighborhood, limiting direct safety comparisons within the Fresno metro area. Investors should conduct independent due diligence on local safety conditions and consider engaging with local law enforcement or security consultants to assess risk factors that may impact tenant retention and property operations.
The Kerman area benefits from proximity to established corporate operations that provide workforce housing demand for multifamily properties.
- Con Agra Foods — food processing and corporate offices (13.5 miles)
This Kerman property offers access to a neighborhood with strong income fundamentals and employment resilience, supported by multifamily property research showing above-average household incomes and COVID-resistant job sectors. The 2006 construction vintage provides competitive positioning against older neighborhood stock while potentially reducing immediate capital improvement needs.
Demographic projections within the 3-mile radius indicate household growth of 88.7% through 2028, with median household incomes forecast to rise 56.3% to $92,440. These trends support rental demand expansion and potential for measured rent growth, though investors should monitor local supply additions and ownership competition given the area's mixed tenure profile.
- Strong income demographics with $120,344 median household income ranking 86th percentile nationally
- COVID-resilient employment base supporting tenant stability and retention
- 2006 construction offers competitive advantage over 1973 neighborhood average
- Projected household growth of 88.7% through 2028 supports rental demand expansion
- Risk consideration: Limited employment diversity with primary anchor 13+ miles away