| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 26th | Fair |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 733 Maze Blvd, Modesto, CA, 95351, US |
| Region / Metro | Modesto |
| Year of Construction | 1994 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
733 Maze Blvd Modesto 38-Unit Multifamily Opportunity
Neighborhood occupancy is near full and supports rent-roll stability, according to WDSuite’s CRE market data, with a renter base that is sizeable for Modesto. Elevated ownership costs in the area further sustain reliance on multifamily housing.
This Inner Suburb location shows durable renter demand: neighborhood occupancy ranks in the top cohort nationally, suggesting low churn and consistent leasing. Median asking rents track above national norms with notable growth over the past five years, per commercial real estate analysis from WDSuite, indicating pricing power when paired with careful lease management.
The asset’s 1994 construction is newer than the neighborhood’s average vintage, positioning it competitively versus older stock. Investors should still plan for routine system upgrades and potential modernization to meet contemporary renter expectations, but the age profile may reduce immediate heavy capital needs relative to 1970s-era comparables.
Within a 3-mile radius, demographics point to a stable-to-expanding tenant base: population has been roughly flat recently, with forecasts calling for growth and a meaningful increase in households, which can expand the renter pool and support occupancy stability. Renter-occupied housing sits around half of units in this radius, signaling depth for workforce-oriented demand and ongoing leasing velocity.
Local amenity density is mixed. Parks score comparatively well against national peers, while cafes, grocery, and pharmacies are limited within the immediate neighborhood—residents likely draw on nearby commercial corridors for daily needs. School ratings in the area trend below national averages; investors targeting family renters may prioritize in-unit features and community programming to support retention.
Home values in the neighborhood are high relative to incomes by national standards, creating a high-cost ownership market that tends to reinforce rental demand and lease retention. At the same time, rent-to-income levels indicate some affordability pressure, suggesting attention to renewal strategies, unit finish differentiation, and measured rent steps to balance occupancy and revenue goals.
Safety indicators for the neighborhood track below national averages, with national percentiles that place violent and property offenses on the less favorable side of the spectrum. Recent year-over-year estimates also point to increases in property-related incidents. For investors, this argues for pragmatic measures such as lighting, access control, and partnership with local patrol resources to support resident comfort and retention.
Comparatively, conditions can vary across Modesto submarkets, so positioning the asset with visible onsite management and clear community standards may help mitigate perception risk and sustain leasing performance.
Regional employment access supports renter demand, with commute-range exposure to manufacturing and consumer goods operations such as Clorox that help underpin steady workforce housing needs.
- Clorox — consumer goods (20.3 miles)
733 Maze Blvd is a 38-unit, 1994-vintage asset in an Inner Suburb neighborhood where occupancy stands near the top nationally, supporting stable cash flow potential. Rents sit above national baselines with multi-year gains, and a sizable renter concentration at both the neighborhood and 3-mile levels provides tenant depth. According to CRE market data from WDSuite, home values are elevated relative to incomes, which reinforces reliance on rentals and can aid lease retention.
Forward-looking demand is underpinned by forecasts within a 3-mile radius indicating growth in households and incomes, expanding the renter pool over time. Key underwriting considerations include measured rent steps given rent-to-income pressures, targeted capex to keep 1990s systems competitive, and attention to safety perception and limited immediate amenities.
- Near-top neighborhood occupancy supports leasing stability and revenue durability.
- 1994 construction competes well against older local stock; plan selective modernization for yield.
- Elevated ownership costs bolster renter reliance and potential retention.
- 3-mile outlook shows household and income growth, expanding the renter pool.
- Risks: affordability pressure, below-average school ratings, safety perception, and limited immediate amenities.