| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 13th | Poor |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 2nd St, Mendota, CA, 93640, US |
| Region / Metro | Mendota |
| Year of Construction | 1990 |
| Units | 41 |
| Transaction Date | 2011-11-14 |
| Transaction Price | $66,000 |
| Buyer | MENDOTA HURON COMMUNITY PARTNERS LP |
| Seller | COUNTRYWAY ASSOCIATES |
1000 2nd St, Mendota CA Multifamily Investment
High neighborhood occupancy and a majority of renter-occupied units suggest durable demand drivers in this Fresno County submarket, according to WDSuite s CRE market data. Pricing power could remain measured given local incomes, but stable tenancy is a realistic focus for operators.
Neighborhood fundamentals point to steady renter demand. The neighborhood s occupancy is strong at the area level and ranks 89 out of 246 Fresno neighborhoods, indicating performance that is competitive among Fresno neighborhoods and supportive of stable collections for professionally managed assets. Renter-occupied housing accounts for a majority of units in the neighborhood, reinforcing depth of the tenant base for multifamily investors.
Within a 3-mile radius, WDSuite data indicates population and household growth over the last five years, with households expanding faster than population, which typically translates into a larger tenant base and supports occupancy stability. Forecasts over the next five years show continued household growth and smaller average household sizes, which can add incremental demand for rental units even as population growth moderates.
Local amenity density is thin relative to larger Fresno-area neighborhoods amenity access ranks toward the lower end of the metro distribution (ranked 191 out of 246), with limited cafes, parks, and childcare within close reach, while grocery access is nearer the middle of national comparisons. Average school ratings in the neighborhood score below the national median, which may influence unit mix strategy and leasing positioning for family renters but does not preclude workforce housing demand.
From a cost context, the neighborhood s home values sit near the national midrange while the value-to-income ratio is high nationally, indicating a higher-cost ownership market relative to local incomes. For multifamily investors, that dynamic can sustain reliance on rentals and aid retention; however, a moderate rent-to-income ratio suggests thoughtful lease management and renewals remain important to limit affordability pressure.
Neighborhood-level crime metrics are not available in WDSuite for this location, so comparative safety insights cannot be stated precisely. Investors commonly benchmark city and county trends and emphasize on-site measures (lighting, access control, and resident engagement) alongside insurer guidance to align risk management with lender expectations.
Regional employment access is anchored by food processing and related corporate operations, supporting workforce housing demand and commute convenience for renters tied to these industries.
- Con Agra Foods food processing & corporate offices (23.3 miles)
This 41-unit asset sits in a neighborhood with competitive occupancy within the Fresno metro and a majority renter-occupied housing stock, underpinning day-to-day leasing stability. Within a 3-mile radius, recent gains in households and projected increases ahead point to a larger renter pool and support for steady absorption. According to commercial real estate analysis from WDSuite, the ownership market appears relatively costly versus local incomes, which can reinforce multifamily demand despite measured rent growth expectations.
Amenity density and school scores trail stronger Fresno submarkets, so performance leans more on workforce fundamentals and professional operations than lifestyle appeal. Operators who emphasize resident experience, cost control, and unit turns can focus on retention and occupancy rather than aggressive rent lifts.
- Competitive neighborhood occupancy ranking within the Fresno metro supports leasing stability.
- Majority renter-occupied housing indicates a deep tenant base for multifamily units.
- 3-mile household growth and smaller projected household sizes expand the renter pool.
- Higher ownership costs relative to incomes reinforce reliance on rentals and renewals.
- Risk: Limited amenity density and below-median school ratings require careful positioning and resident retention focus.