| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 60th | Best |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 155 E Minnesota Ave, Turlock, CA, 95382, US |
| Region / Metro | Turlock |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | 2001-06-18 |
| Transaction Price | $1,650,000 |
| Buyer | CAMPOS GUADALUPE |
| Seller | SIKORA RICHARD I |
155 E Minnesota Ave, Turlock Multifamily Investment
Neighborhood occupancy remains resilient and renter demand is supported by strong local amenities, according to WDSuite s CRE market data. Investors should view this address as a stable, infill play with pricing power tied to a high-cost ownership market in Turlock.
This Inner Suburb location ranks near the top among 130 Modesto metro neighborhoods, signaling durable fundamentals and day-to-day convenience for residents. The area shows competitive occupancy at the neighborhood level and sits in the top quartile nationally for amenity access, helping sustain leasing velocity and retention.
Local services are a practical draw: grocery and pharmacy density score in high national percentiles, and cafe and restaurant counts are above typical U.S. levels. Park access is limited, which reduces recreational optionality, but the overall mix of daily-needs retail supports resident stickiness and minimizes drive-time friction.
The property s 1972 vintage is slightly older than the neighborhood s average construction year. For investors, that points to potential capital planning around systems and interiors alongside value-add upside to sharpen competitive positioning versus newer stock.
Within a 3-mile radius, demographics indicate modest population growth with a projected increase in households over the next five years, expanding the local renter pool. Median home values are elevated for the region, which tends to sustain reliance on multifamily rentals and can support pricing power, while the neighborhood s rent-to-income backdrop suggests manageable affordability pressure for lease management.
Tenure patterns show a meaningful owner presence at the neighborhood level; combined with a renter share of roughly 45% within 3 miles, this supports a stable base of renter-occupied units without acute turnover risk, while still offering headroom to capture demand from households favoring professionally managed apartments.
Safety indicators are mixed and should be evaluated comparatively. The neighborhood s crime ranking sits in the lower third relative to 130 Modesto metro neighborhoods, indicating it is not among the metro s safer areas. Nationally, the overall safety percentile trends closer to mid-pack, while violent-offense metrics track in a stronger percentile band than many neighborhoods nationwide.
Property offenses currently benchmark favorably in national comparisons, but recent year-over-year movement points to upward volatility. Investors should underwrite with conservative assumptions, monitor recent police and community reports, and factor security, lighting, and access controls into capital plans as appropriate for stabilized operations.
Regional employers within commuting range contribute to diversified job access that can support tenant demand and lease retention. Notable examples include consumer products manufacturing.
- Clorox consumer products (32.9 miles)
This 48-unit asset combines infill convenience with neighborhood-level occupancy strength and a high-cost ownership backdrop that reinforces rental demand. Based on CRE market data from WDSuite, the surrounding area compares favorably on amenities and shows competitive occupancy versus other Modesto neighborhoods, supporting steady leasing and retention.
Built in 1972, the property may benefit from targeted renovations and systems updates to enhance rentability against newer comparables. Within a 3-mile radius, modest population growth and a projected increase in households point to a larger tenant base, while compact average unit sizes can appeal to cost-conscious renters and support lease-up efficiency. Key risks include limited park access and mixed but watchworthy safety trends, which warrant prudent underwriting and asset management.
- Competitive neighborhood occupancy and strong daily-needs amenities support leasing stability
- 1972 vintage offers value-add potential through targeted interior and systems upgrades
- High-cost ownership market in Turlock sustains renter reliance on multifamily housing
- 3-mile radius shows population and household growth, expanding the local renter pool
- Risks: limited park access and mixed safety signals warrant conservative underwriting and proactive management