| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 22nd | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 750 2nd St, Orange Cove, CA, 93646, US |
| Region / Metro | Orange Cove |
| Year of Construction | 2004 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
750 2nd St, Orange Cove Multifamily Opportunity
Neighborhood occupancy is high and renter demand is steady, according to WDSuite’s CRE market data, supporting a straightforward hold or light value-add strategy for a 2004 asset. Pricing power remains balanced in a high-cost ownership context for Fresno County, with affordability management still important for retention.
The property sits in an Inner Suburb setting of the Fresno, CA metro with a neighborhood rating of C+. Local occupancy is strong at 98% for the neighborhood (top quartile among 246 metro neighborhoods), indicating a stable leasing backdrop rather than a lease-up market. Renter-occupied share is 50.6% (competitive among Fresno neighborhoods), signaling a meaningful renter base for multifamily absorption and renewals.
2004 construction stands newer than the neighborhood’s older housing stock (average vintage around 1960), which can offer a competitive edge on unit finishes, systems, and curb appeal. At roughly 1,191 square feet on average, unit sizes skew larger, which can align with the area’s larger household sizes and support family-oriented demand; investors should still plan for selective modernization as systems approach two decades in service.
Within a 3-mile radius, the population has been roughly flat to slightly lower in recent years while households have held near steady, which supports a stable tenant base even as demographics shift toward smaller average household sizes. Household incomes have trended upward over five years, helping to underpin rent collections, while rent-to-income ratios near 0.20 suggest manageable affordability pressure that can aid retention with disciplined rent-setting and renewals.
Local amenities are modest: grocery access ranks above metro median, while parks, cafes, and pharmacies are limited in the immediate area. Average school ratings sit near the national midpoint, offering a baseline draw for family renters. Home values are elevated relative to local incomes (high value-to-income ratio nationally), which tends to sustain reliance on rental housing and supports occupancy stability for well-managed multifamily assets.
Comparable crime metrics for this specific neighborhood were not available in the provided WDSuite dataset. Investors typically benchmark neighborhood trends against metro and national baselines and supplement with local public sources and property-level security assessments to gauge tenant retention and operating needs.
Regional industrial and packaging employers within commuting range support a steady workforce renter pool, aiding leasing durability for workforce-oriented units. Nearby firms include International Paper and Con Agra Foods.
- International Paper — paper & packaging (23.1 miles)
- Con Agra Foods — food processing (43.9 miles)
This 73-unit, 2004-vintage community benefits from a neighborhood with high occupancy and a renter base that is competitive within the Fresno metro. According to CRE market data from WDSuite, the surrounding neighborhood’s strong occupancy backdrop, larger average household sizes, and elevated ownership costs relative to incomes support durable multifamily demand, while the property’s newer-than-average vintage provides a competitive position versus older local stock.
Investor focus centers on consistent operations and targeted upgrades. Larger average unit sizes can capture family-oriented renters, and disciplined rent management should balance pricing power with retention given moderate rent-to-income ratios. Primary risks include thinner amenity density and small-market dynamics, which place a premium on asset-level management and tenant experience.
- High neighborhood occupancy supports stable leasing and renewals
- 2004 vintage and larger average units offer competitive positioning versus older local stock
- Elevated ownership costs reinforce reliance on rentals, aiding demand durability
- Risk: modest amenity density and small-market exposure require hands-on operations