| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 27th | Fair |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 555 Pebble Brk, Kerman, CA, 93630, US |
| Region / Metro | Kerman |
| Year of Construction | 2008 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
555 Pebble Brk Kerman CA Multifamily Investment
This 82-unit property built in 2008 sits in a neighborhood where occupancy stands at 100% and the renter-occupied share ranks in the top decile nationally, according to CRE market data from WDSuite, underscoring consistent demand for multifamily housing in Fresno's Kerman submarket.
555 Pebble Brk is located in an inner suburb neighborhood within the Fresno metro, carrying a C rating among 246 metro neighborhoods. Neighborhood-level occupancy stands at 100%, ranking first metro-wide and placing in the 100th percentile nationally—a strong indicator of absorption stability and minimal turnover risk. The renter-occupied share is 52.8%, ranking in the top decile nationally, reflecting a tenant base that relies on rental housing. Within a 3-mile radius, demographic data shows renter-occupied units have grown modestly, and the current median household income of $58,627 has risen 18.7% over the past five years, supporting lease renewals and pricing discipline.
The property was built in 2008, making it newer than the neighborhood's 1969 average construction year. This vintage positions the asset competitively within the local stock, with reduced near-term capital expenditure requirements relative to older inventory and appeal to tenants seeking updated unit features. Median contract rent in the neighborhood is $687, ranking in the 27th percentile nationally, while the 3-mile radius reports a higher median of $1,044, reflecting variation across the broader trade area. The rent-to-income ratio ranks low nationally, indicating affordability pressure is minimal and supporting tenant retention.
Median home values in the neighborhood stand at $296,900, ranking in the 61st percentile nationally, with a value-to-income ratio ranking in the top percentile metro-wide. Elevated ownership costs relative to local incomes limit accessibility to homeownership, sustaining reliance on rental housing and reinforcing multifamily demand. Within the 3-mile radius, the population has grown 0.8% over five years to approximately 15,362 residents, and five-year forecasts project a 24.7% population increase and an 86.4% rise in total households, signaling a larger tenant base and deeper renter pool entering the market.
Amenity density is limited: the neighborhood records zero cafes, grocery stores, childcare centers, pharmacies, and parks per square mile, each ranking last metro-wide. Restaurant density is 1.33 per square mile, ranking above the metro median. The average school rating is 1.0 out of 5, ranking in the 15th percentile nationally. While amenity access and school quality are constrained, the combination of full occupancy, strong renter concentration, and forecast household growth underscores stable fundamentals for investors focused on occupancy and lease-up velocity in a supply-limited environment.
Crime data for this neighborhood is not currently available in WDSuite's dataset, so direct comparative analysis against metro and national benchmarks cannot be provided. Investors evaluating this asset should consider requesting localized incident reports from municipal sources or third-party risk platforms to inform underwriting and insurance planning. In the absence of crime statistics, the neighborhood's 100% occupancy rate and top-decile renter concentration suggest stable tenant demand, though safety perceptions and actual crime trends remain unverified through CRE market data.
The employment base near 555 Pebble Brk is anchored by corporate offices within commuting distance, supporting workforce housing demand in the Kerman area. The nearest major employer identified is:
- Con Agra Foods — corporate offices (13.7 miles)
The investment thesis for 555 Pebble Brk centers on occupancy stability, renter concentration, and demographic expansion. Neighborhood-level occupancy of 100% ranks first among 246 Fresno metro neighborhoods and in the 100th percentile nationally, reflecting minimal turnover and strong absorption. The 52.8% renter-occupied share ranks in the top decile nationwide, indicating depth in the tenant base and sustained demand for rental housing. Built in 2008, the property is newer than the neighborhood's 1969 average, positioning it competitively with lower near-term capital needs. Within a 3-mile radius, population is projected to grow 24.7% and households by 86.4% over the next five years, expanding the renter pool and supporting lease-up velocity.
Median home values of $296,900 rank in the 61st percentile nationally, with a value-to-income ratio in the top percentile metro-wide, meaning elevated ownership costs sustain rental demand and reinforce reliance on multifamily housing. Median household income within the 3-mile radius has risen 18.7% over five years to $58,627, and forecasts project a further 53.1% increase, supporting rent growth potential and tenant retention. However, amenity density is constrained—zero grocery stores, cafes, childcare centers, and parks per square mile—and the average school rating of 1.0 out of 5 ranks in the 15th percentile nationally, which may limit appeal to family renters and require active tenant screening and retention strategies.
- Neighborhood occupancy at 100% ranks first metro-wide and 100th percentile nationally, signaling minimal turnover risk and strong absorption
- Renter-occupied share of 52.8% ranks in top decile nationally, reflecting sustained multifamily demand and depth in tenant base
- Forecast population growth of 24.7% and household expansion of 86.4% within 3 miles over five years supports larger renter pool and lease-up velocity
- 2008 construction year positions asset competitively with reduced near-term capital expenditure relative to neighborhood's 1969 average vintage
- Limited amenity density and low school ratings (1.0 out of 5, 15th percentile nationally) may constrain appeal to family renters and require focused tenant retention strategies