| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 51st | Best |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3301 Fosberg Rd, Turlock, CA, 95382, US |
| Region / Metro | Turlock |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3301 Fosberg Rd, Turlock CA Multifamily Investment
Neighborhood occupancy trends are above the Modesto metro median, supporting cash flow stability according to WDSuite s CRE market data. Positioning benefits from a more owner-leaning submarket that still draws renters from the wider 3-mile radius.
This inner-suburb location in Turlock balances steady demand drivers with a quieter amenity profile. Neighborhood rents benchmark competitively within the Modesto metro (top-quartile position locally), and national comparisons remain favorable, signaling pricing power without overreliance on premium concessions. Park access scores well among Modesto neighborhoods and tests in a strong national percentile, while everyday retail and dining are thinner within the immediate blocks, suggesting residents rely on short drives for groceries and restaurants.
The property s 1986 vintage is slightly newer than the neighborhood average year built, which can aid competitive positioning against older stock; investors should still plan for system upgrades and modernization typical of 1980s construction to protect NOI. Neighborhood occupancy is above the metro median and nationally strong, a constructive backdrop for lease retention.
Tenure patterns show a relatively low neighborhood renter concentration (share of housing units that are renter-occupied) compared with the broader 3-mile area, where renters account for a larger portion of occupied units. For multifamily, that mix points to a stable, family-oriented tenant base in the immediate blocks and additional leasing depth from surrounding neighborhoods, supporting absorption and renewals.
Within a 3-mile radius, demographics indicate recent population growth and a projected increase in households, expanding the renter pool over the next several years. Incomes are trending higher and rent levels are projected to rise, reinforcing demand for well-maintained units. Elevated home values relative to national norms and a higher value-to-income profile indicate a high-cost ownership market in context, which tends to sustain reliance on rental housing and supports pricing discipline and lease-up velocity for quality product.
Recent indicators point to materially lower estimated property and violent offense rates versus last year, according to CRE market data from WDSuite. In national context, the neighborhood tests in a high safety percentile for both property and violent offenses, which supports renter appeal and retention. As with any submarket, conditions can vary by block and over time, so investors should pair these trends with on-the-ground diligence and current property-level measures.
Regional employment anchors broaden the commuter shed, offering a diversified base that supports renter demand and lease stability. Representative employer access includes consumer goods and corporate services reachable within a reasonable drive time.
- Clorox corporate offices (32.7 miles)
This 32-unit asset at 3301 Fosberg Rd benefits from above-median neighborhood occupancy and rent positioning that is competitive within the Modesto metro, supporting near-term income durability. The 1986 construction is slightly newer than the local average, offering a modest competitive edge versus older stock; capital planning should still anticipate common 1980s building-system updates and select interior refresh for value-add upside. Larger average floor plans provide differentiation and can attract longer-tenured households in a submarket with solid renewal dynamics.
According to CRE market data from WDSuite, national comparisons for safety and rent positioning are favorable, while elevated ownership costs in context help sustain multifamily demand. Within a 3-mile radius, population growth and a projected increase in households indicate a larger tenant base ahead, supporting occupancy stability and measured rent growth for well-run assets.
- Above-median neighborhood occupancy supports income stability
- Competitive rent positioning in the Modesto metro with room for disciplined growth
- 1986 vintage with targeted capex and interior updates for value-add potential
- Larger average unit sizes can attract longer-tenured renters and families
- Risks: thinner immediate retail/dining options and ongoing capex needs for 1980s systems