| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 29th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2755 Nelson Blvd, Selma, CA, 93662, US |
| Region / Metro | Selma |
| Year of Construction | 2001 |
| Units | 51 |
| Transaction Date | 2000-08-03 |
| Transaction Price | $125,000 |
| Buyer | SELMA VILLA CAPRI LLC |
| Seller | NELSON DWIGHT G |
2755 Nelson Blvd Selma Multifamily Investment
Neighborhood occupancy is strong and renter demand appears durable, according to WDSuite s CRE market data, with a 2001 vintage that can compete against older local stock while still allowing for targeted improvements. This concise commercial real estate analysis points to stable operations supported by workforce dynamics and a high-cost ownership market in the broader area.
Selma s Inner Suburb setting offers everyday convenience: grocery, pharmacy, park, and restaurant access rank above many peers in the Fresno metro, while cafe and childcare options are thinner. For investors, this mix supports daily-living needs for renters without relying on destination amenities.
The neighborhood s occupancy is in the top quartile nationally, per WDSuite s CRE market data, which speaks to demand stability at the neighborhood level rather than the property itself. Renter-occupied share is competitive for the metro, signaling a meaningful tenant base for multifamily leasing and renewals.
Home values in the area are relatively elevated versus incomes (high national percentile for value-to-income ratio), which can sustain reliance on rental housing and support pricing power when managed thoughtfully. At the same time, the neighborhood s rent-to-income ratio is moderate, which can reduce retention risk and support steady lease performance.
Within a 3-mile radius, households have been increasing and are projected to continue rising even as average household size trends lower, pointing to a larger tenant base over time. School ratings are below metro and national norms, which often aligns with workforce housing demand rather than family-oriented, school-driven leasing.
The property s 2001 construction is newer than the neighborhood s average vintage. This positioning can improve competitiveness versus older assets, while still warranting capital planning for system updates, unit refreshes, and selective value-add to meet current renter expectations.
Specific neighborhood crime metrics are not available from WDSuite for this location. Investors typically view safety through comparative, metro-level context and on-the-ground trends; assessing patterns relative to Fresno-area neighborhoods can help frame resident retention and leasing stability over time.
The broader employment base includes regional food processing and packaging employers within commutable range for some renters, supporting workforce housing demand and weekday occupancy stability.
- Con Agra Foods corporate offices (25.9 miles)
- International Paper corporate offices (31.7 miles)
This 51-unit asset, built in 2001, benefits from neighborhood-level occupancy that ranks among the stronger cohorts nationally, indicating a supportive backdrop for maintaining leased units and renewal velocity. The vintage is newer than much of the surrounding stock, providing relative competitiveness with room for targeted upgrades that can enhance positioning against older properties. According to CRE market data from WDSuite, elevated ownership costs in the area reinforce renter reliance on multifamily housing, while a moderate rent-to-income profile supports retention.
Within a 3-mile radius, households have increased and are projected to continue expanding as average household size declines, indicating a broader renter pool over time. Amenity access skews toward daily needs (grocery, pharmacy, parks, restaurants), consistent with workforce demand drivers. Taken together, these factors point to durable tenant depth with upside via selective renovations and disciplined lease management.
- Neighborhood occupancy strength supports leasing stability and renewals.
- 2001 vintage offers competitive edge versus older local stock with value-add potential.
- High-cost ownership context reinforces rental demand and pricing power when managed carefully.
- Growing household counts within 3 miles expand the renter pool, aiding occupancy resilience.
- Risks: thinner cafe/childcare options, below-average school ratings, and major employers located farther from the neighborhood.