| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 23rd | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 432 S 6th St, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 1984 |
| Units | 26 |
| Transaction Date | 2004-12-06 |
| Transaction Price | $1,165,000 |
| Buyer | KERMAN SUNSET APARTMENTS |
| Seller | KERMAN INVESTMENT GROUP |
432 S 6th St Kerman Multifamily Investment
This 26-unit property built in 1984 operates in a neighborhood with 97.2% occupancy and strong rental demand. According to CRE market data from WDSuite, the area maintains above-average occupancy performance in the 84th percentile nationally.
The Kerman neighborhood presents an inner suburb environment with established rental demand fundamentals. Built in 1984, this property aligns with the neighborhood's average construction year of 1988, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements and modernization.
Neighborhood occupancy levels reach 97.2%, ranking in the 84th percentile nationally among comparable areas, suggesting strong tenant retention and limited vacancy risk. With 61.2% of housing units occupied by renters, the area maintains a substantial rental market that supports multifamily demand. Demographics within a 3-mile radius show a population of approximately 16,160 with household growth projected to increase 87% by 2028, expanding the potential tenant base significantly.
The local rental market shows median contract rents at $986, with the broader 3-mile area averaging $1,042. Household income levels within the radius average $58,290, creating a rent-to-income environment that supports affordability for the existing tenant base. The neighborhood ranks in the top quartile among the 246 metro neighborhoods for NOI per unit performance, indicating favorable operating fundamentals for multifamily properties.
Amenity access includes moderate restaurant density and basic commercial services, with grocery and pharmacy options available within the immediate area. School ratings average 2.0 out of 5, which may influence family tenant demographics but supports workforce housing demand in the Central Valley market.
Crime data for this specific neighborhood is not currently available in the regional dataset. Investors should conduct independent due diligence on local safety conditions and consider consulting with local law enforcement agencies and property management companies for current security assessments when evaluating this Kerman location.
The broader Kerman area benefits from its small-city environment and Central Valley location, though specific comparative crime metrics relative to the Fresno metro area require additional verification through local sources and recent incident reports.
The Kerman area's employment base includes agricultural and food processing operations that support local workforce housing demand, with regional corporate presence providing additional stability.
- Con Agra Foods — food processing and corporate offices (14.2 miles)
This 26-unit Kerman property operates in a neighborhood with strong occupancy fundamentals and established rental demand. The 97.2% neighborhood occupancy rate ranks in the 84th percentile nationally, indicating tenant retention strength that supports stable cash flow potential. Demographics within a 3-mile radius project significant household growth of 87% through 2028, expanding the renter pool and supporting long-term demand drivers.
Built in 1984, the property presents potential value-add opportunities through strategic renovations and unit improvements. The neighborhood's top-quartile NOI performance among 246 metro areas suggests favorable operating conditions, while the substantial 61.2% rental occupancy share maintains consistent multifamily demand in this Central Valley market.
- High neighborhood occupancy at 97.2% ranks in 84th percentile nationally
- Strong projected household growth of 87% through 2028 expands tenant base
- Value-add potential through renovation of 1984 vintage property
- Established rental market with 61.2% renter-occupied units
- Risk consideration: Limited crime data requires additional due diligence