| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 24th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1467 E Carolyn Ln, Reedley, CA, 93654, US |
| Region / Metro | Reedley |
| Year of Construction | 1990 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1467 E Carolyn Ln, Reedley CA Multifamily Investment
Neighborhood-level occupancy is steady and renter demand is supported by a high share of renter-occupied units, according to WDSuite’s CRE market data. Positioning emphasizes durable tenancy rather than rapid lease-up.
Located in Reedley’s inner-suburban fabric of the Fresno metro, the property benefits from a neighborhood rated A- among 246 metro neighborhoods, with amenities that are competitive at the metro level and in the top quartile nationally for several daily-needs categories. Cafes, groceries, parks, and pharmacies are comparatively dense for the area, which helps sustain day-to-day convenience and supports tenant retention.
Neighborhood occupancy is above the national median, and the share of housing units that are renter-occupied is high relative to the nation (top-tier percentile), indicating a deep tenant base for multifamily. For investors, this suggests a broader pool of prospective renters and the potential for steadier absorption during turns.
Schools in the surrounding area score above national medians (average around the upper quartiles), reinforcing family-oriented livability. At the same time, elevated home values relative to local incomes signal a high-cost ownership market, which tends to sustain reliance on rental housing and can bolster lease retention. Rent-to-income levels in the neighborhood are comparatively manageable, which can mitigate near-term affordability pressure and support occupancy stability.
The average neighborhood building vintage skews older (1950s), while this asset was built in 1990. That newer vintage offers a relative competitive edge versus older stock; investors should still plan for targeted modernization and systems updates to keep the property aligned with renter expectations.
Demographic statistics are aggregated within a 3-mile radius. Recent years show relatively flat population and household trends, but forecasts point to population growth and an increase in households through the medium term. A larger renter pool would support occupancy stability and absorption, though execution should assume measured, not immediate, demand realization.
Safety indicators benchmark favorably versus national norms overall. The neighborhood’s crime profile sits above the national median for safety, with property offenses estimated to be in a strong national percentile and showing meaningful year-over-year improvement, based on CRE market data from WDSuite.
However, recent violent-offense trend estimates indicate a short-term uptick. For investors, this merits monitoring as a potential headwind to leasing velocity or insurance costs, even as the broader safety positioning remains comparatively better than many neighborhoods nationwide. Rankings are measured against 246 Fresno metro neighborhoods; comparisons to national percentiles reflect standing among neighborhoods across the U.S.
Regional employment is anchored by manufacturing, packaging, and food processing offices that draw a commuting workforce. These employers contribute to steady renter demand through predictable shift work and logistics roles.
- International Paper — packaging and paper products (24.4 miles)
- Con Agra Foods — food processing offices (36.5 miles)
This 28-unit, 1990-vintage asset sits in a Fresno-metro neighborhood with above-median occupancy and a high renter concentration, supporting depth of demand and day-to-day leasing stability. Amenities, schools, and daily needs are comparatively strong, and ownership costs in the area are elevated relative to incomes, which tends to reinforce reliance on rentals and improve retention. According to CRE market data from WDSuite, neighborhood-level rent burdens are manageable, suggesting room to focus on occupancy and operational execution over aggressive near-term pricing.
Relative to older neighborhood stock, the property’s vintage can be competitively positioned with selective modernization and common-area upgrades. Demographic data aggregated within a 3-mile radius indicate stable to improving fundamentals with projected population growth and more households over the next several years, which should expand the tenant base. Key risks include monitoring recent violent-offense trends and pacing renovations to local affordability.
- High renter-occupied share supports a deeper tenant base and steadier absorption
- Neighborhood occupancy above national median prioritizes stability over lease-up risk
- 1990 vintage outpositions older local stock; targeted upgrades can enhance competitiveness
- Elevated ownership costs reinforce rental demand and lease retention
- Risk: monitor recent violent-offense uptick and align rents with local affordability