| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Fair |
| Demographics | 17th | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2900 W Rumble Rd, Modesto, CA, 95350, US |
| Region / Metro | Modesto |
| Year of Construction | 1987 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2900 W Rumble Rd, Modesto CA Multifamily Investment
Neighborhood occupancy is steady and renter demand is supported by a majority renter-occupied housing mix in the area, according to WDSuite’s CRE market data. For investors, this points to durable leasing conditions relative to similar inner-suburb Modesto locations.
This inner-suburb Modesto location is competitive among Modesto neighborhoods (38 of 130) and benefits from everyday convenience: restaurants, groceries, parks, cafés, and childcare are available at densities that test above national medians, supporting livability and resident retention. A notable gap is pharmacy access, which may influence some resident preferences.
Multifamily fundamentals are favorable: the neighborhood s occupancy trend sits in the top quartile nationally, and approximately 52% of housing units are renter-occupied. For owners, that renter concentration indicates a deeper tenant base and supports occupancy stability across cycles.
The property s 1987 vintage is newer than the neighborhood s average construction year (1972). That positioning can be advantageous versus older stock, while still leaving room for targeted modernization of aging systems to enhance competitiveness and support rent trade-outs.
Demographic statistics are aggregated within a 3-mile radius. Recent years show relatively flat population and households, but forecasts point to growth in both by 2028, which would expand the local renter pool and support leasing velocity. Median household incomes in the radius have risen meaningfully, while contract rents have also advanced; together, these trends suggest capacity for rent, though operators should monitor affordability and prioritize retention strategies as rents move.
Ownership context matters for rental demand. Neighborhood home values sit below many California metros, but the value-to-income profile is higher than the national middle, a mix that can sustain reliance on rental options and help underpin pricing power without overreliance on in-migration.
Safety compares less favorably to national benchmarks: neighborhood indicators align closer to the lower national percentiles for both violent and property offenses. Within the Modesto metro context (130 neighborhoods), the area trends below average on crime safety measures.
Recent momentum is mixed. Estimated violent offenses have eased year over year, while property offenses have increased. Investors typically account for this with enhanced on-site lighting, access controls, and resident engagement to support retention and protect NOI; outcomes vary by asset operations and micro-location.
Regional employment access is anchored by a mix of consumer and industrial employers within commuting range, supporting workforce housing demand and weekday stability. The list below highlights a nearby corporate office relevant to commuting patterns.
- Clorox — consumer products offices (17.1 miles)
Positioned in a competitive Modesto inner-suburb, this 27-unit asset benefits from top-quartile neighborhood occupancy nationally, a majority renter-occupied housing mix, and access to everyday amenities that support lease retention. The 1987 construction is newer than the area s 1970s-era baseline, offering a relative edge over older product with potential value-add via targeted system upgrades and interior refreshes. According to CRE market data from WDSuite, rents and incomes in the 3-mile radius have both advanced, pointing to demand depth while reinforcing the need for active affordability and renewal management.
Forward-looking demographics (3-mile radius) indicate growth in population and households by 2028, which would expand the tenant base and help sustain occupancy. Operators should balance these positives against below-average school ratings, limited pharmacy access, and crime measures that trail national norms, calibrating CapEx and operations to protect cash flow.
- Top-quartile neighborhood occupancy nationally supports leasing durability
- 1987 vintage offers competitive positioning vs. older local stock with value-add potential
- Rising rents and incomes within 3 miles indicate demand depth and pricing power
- Everyday amenities (food, parks, childcare) bolster retention and resident satisfaction
- Risks: crime indicators below national norms, weak school ratings, and a pharmacy access gap