| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 60th | Best |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2727 N 11th Ave, Hanford, CA, 93230, US |
| Region / Metro | Hanford |
| Year of Construction | 1997 |
| Units | 118 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2727 N 11th Ave Hanford Multifamily Investment
This 118-unit property built in 1997 sits in a top-quartile neighborhood among 34 metro areas, with median household income of $107,466 and 94.9% occupancy rates according to CRE market data from WDSuite.
The property sits in an A-rated neighborhood ranking 3rd among 34 metro neighborhoods, with strong fundamentals supporting rental demand. The area demonstrates solid occupancy at 94.9% with a 79th national percentile household income of $107,466, indicating a stable tenant base. Demographics within a 3-mile radius show 38.4% of housing units are renter-occupied, providing consistent rental market depth.
Built in 1997, this property aligns with the neighborhood's average construction year of 1977, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older vintage assets. The area shows strong rent performance with median contract rents of $1,430, ranking 4th metro-wide and demonstrating 34.6% growth over five years.
Local amenities support tenant retention with above-average access to essential services. The neighborhood ranks in the 82nd national percentile for grocery store density and 84th percentile for pharmacy access. However, childcare and park amenities rank lower, which may impact family-oriented tenant appeal. School ratings average 3.0 out of 5, ranking 5th among metro neighborhoods.
Demographic projections within the 3-mile radius indicate population growth of 7.7% through 2028, with household count expected to increase 35.8%. This expansion should support sustained rental demand, though the forecast shows a shift toward higher-income households, with median income projected to reach $93,833.
Crime data for this specific neighborhood is not currently available in the regional dataset. Investors should conduct independent due diligence on local safety conditions and consult with municipal authorities and local law enforcement for current crime statistics and trends in the immediate area.
The neighborhood's overall A-rating and top-quartile metro ranking suggest generally positive fundamentals, though safety considerations should be evaluated separately through property-specific research and local market intelligence.
The employment base includes established corporate offices within commuting distance, providing workforce housing opportunities for regional employees.
- Con Agra Foods — food processing and corporate offices (26.5 miles)
- International Paper — manufacturing and corporate offices (27.1 miles)
This 118-unit property offers exposure to a top-performing neighborhood with strong occupancy fundamentals and income growth. The 1997 construction year positions the asset as newer vintage within the local market, potentially reducing near-term capital expenditure needs while maintaining competitive positioning. Neighborhood-level occupancy of 94.9% ranks in the 70th national percentile, indicating stable demand dynamics.
Demographics within a 3-mile radius support long-term rental demand with projected household growth of 35.8% through 2028 and population expansion of 7.7%. The area's 79th national percentile household income and strong rent performance suggest pricing power sustainability, though investors should monitor the balance between income growth and affordability pressures.
- A-rated neighborhood ranking 3rd among 34 metro areas with 94.9% occupancy
- 1997 construction provides competitive positioning with reduced capital expenditure risk
- Strong demographic projections with 35.8% household growth forecast through 2028
- Median household income of $107,466 ranks in 79th national percentile
- Risk: Limited nearby employment concentration may impact tenant retention during economic downturns