| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 51st | Best |
| Amenities | 85th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1500 East Ave, Turlock, CA, 95380, US |
| Region / Metro | Turlock |
| Year of Construction | 1987 |
| Units | 89 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1500 East Ave, Turlock CA Multifamily Investment
Neighborhood occupancy is high and renter demand appears durable for this submarket, according to WDSuite’s CRE market data. This positioning can support income stability while leaving room for targeted operational improvements.
Located in Turlock’s inner-suburban fabric of the Modesto metro, the area around 1500 East Ave benefits from strong day-to-day amenities that support renter livability. Restaurant density ranks competitively among 130 Modesto neighborhoods and sits in the top quartile nationally, with cafes, groceries, pharmacies, and parks also testing above national medians—helpful for leasing velocity and retention.
Occupancy measured for the neighborhood is elevated versus most of the metro (ranked competitive among 130 Modesto neighborhoods) and sits in the top quartile nationally, signaling steady absorption and reduced downtime risk. Median contract rents for the neighborhood track near national mid-tier levels, suggesting room to compete on value while maintaining pricing discipline.
The property’s 1987 vintage is newer than the neighborhood’s older average stock (1953). That relative youth can be an edge versus legacy inventory, though investors should plan for selective modernization and system updates to sharpen competitiveness and sustain premiums.
Tenure patterns indicate a sizable renter-occupied share within a 3-mile radius (about 46% of housing units), pointing to a deep tenant base for multifamily assets. Within that same 3-mile radius, population and households have grown in recent years and are projected to increase further over the next five years, which supports occupancy stability and ongoing leasing demand.
Home values in the neighborhood sit in a higher national percentile and the value-to-income ratio also trends elevated. In investor terms, this is a higher-cost ownership market that can reinforce reliance on rental housing and support pricing power, while the neighborhood’s rent-to-income profile near national mid-ranges implies manageable affordability pressure and supports retention when paired with prudent lease management.
Safety indicators are mixed. The neighborhood’s overall crime rank sits slightly below the Modesto metro average (around the middle of 130 neighborhoods) and is below the national median (national percentile near the lower third). At the same time, property-related incident measures indicate comparatively stronger positioning than many U.S. neighborhoods, while recent year changes in violent incidents show volatility that warrants monitoring rather than block-level conclusions.
For underwriting, a practical takeaway is to benchmark security line items and resident-experience protocols against comparable Modesto assets and track trend direction over multiple periods, rather than relying on a single year’s movement.
Regional employers within commuting reach contribute to a diversified workforce draw that supports renter demand and lease retention; key names below reflect accessible corporate nodes.
- Clorox — corporate offices (34.6 miles)
This 89-unit, 1987-vintage asset is positioned in a Modesto-metro neighborhood with high occupancy and strong daily conveniences, supporting durable leasing fundamentals. The vintage is newer than much of the surrounding housing stock, offering a platform for targeted renovations to enhance competitive standing without the scope typically associated with pre-1970s properties.
Demand drivers are anchored by a sizable renter-occupied share and a 3-mile radius showing population growth and a forecast increase in households—signals that point to a larger tenant base and support for occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy trends are competitive within the metro and above national medians, while elevated ownership costs locally tend to reinforce reliance on multifamily housing and aid pricing power when operations are well managed.
- Competitive neighborhood occupancy supports income stability relative to metro peers
- 1987 construction offers value-add via focused interior and system updates
- 3-mile radius shows population and household growth, expanding the renter pool
- Elevated home values and value-to-income ratios reinforce multifamily demand
- Risk: safety trends show recent-year volatility; prudent security and resident-experience spend recommended