| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 25th | Fair |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1050 W Griffith Way, Fresno, CA, 93705, US |
| Region / Metro | Fresno |
| Year of Construction | 1974 |
| Units | 100 |
| Transaction Date | 2003-09-29 |
| Transaction Price | $2,492,000 |
| Buyer | AYYAD WILLIAM G |
| Seller | THE GRIFFITH LP |
1050 W Griffith Way Fresno Multifamily Investment
Neighborhood occupancy remains firm and renter concentration is substantial, according to WDSuite’s CRE market data, supporting steady demand for a 100-unit asset at this address. The location’s everyday amenities add leasing appeal while leaving room for operational upside.
This Inner Suburb location in Fresno ranks 62 out of 246 metro neighborhoods (A- rating), placing it above the metro median for overall performance. Amenity access is a relative strength: the neighborhood’s amenity rank of 22 out of 246 puts it in the top quartile locally, with grocery, parks, pharmacies, cafes, and restaurants each indexed above national midpoints. These conveniences tend to support leasing velocity and retention for workforce-oriented multifamily.
Neighborhood occupancy is elevated versus many U.S. areas and above the Fresno metro median, with the neighborhood measured near the mid-90s; this suggests stable renter demand rather than frequent turnover. Renter-occupied housing units account for a large share locally (about six in ten), indicating a deep tenant base and generally resilient absorption for professionally managed communities.
Within a 3-mile radius, households have grown even as average household size edged down, broadening the pool of potential renters. Forward-looking data point to population growth and a sizable increase in households over the next five years, which should expand the tenant base and support occupancy stability. While the neighborhood’s average school ratings trend low relative to national peers, day-to-day convenience and access to services offset some of that headwind for typical renter profiles.
Home values in the neighborhood sit in the mid range nationally but are high relative to local incomes (value-to-income ranks in a high national percentile), which tends to reinforce reliance on rental housing and can sustain pricing power for well-managed assets. At the same time, rent-to-income levels indicate some affordability pressure for renters, a factor to consider in lease management and renewal strategies. Based on commercial real estate analysis from WDSuite, the 1974 construction is slightly newer than the neighborhood’s average vintage and remains competitive versus older stock, though selective system upgrades and unit renovations can further enhance positioning.
Safety indicators show a mixed but improving profile. The neighborhood ranks 81 out of 246 across the Fresno metro on crime, which is competitive among Fresno neighborhoods, and sits modestly above the national midpoint by percentile. Notably, both violent and property offense estimates have declined sharply over the past year, placing recent improvement rates in a strong national percentile. For investors, the directional trend is favorable, though continued monitoring is prudent.
Positioned in an amenity-supported Inner Suburb, 1050 W Griffith Way combines a sizable unit count with a neighborhood profile that is above the metro median for overall performance. Occupancy at the neighborhood level remains high with a substantial share of renter-occupied housing units, pointing to a deep tenant base and steady leasing. According to CRE market data from WDSuite, ownership costs run high relative to local incomes, which generally sustains multifamily demand, while rent-to-income readings suggest careful rent setting and renewal strategies to support retention.
The 1974 vintage is slightly newer than the neighborhood average, giving it competitive footing versus older stock and making targeted renovations a practical lever for value-add. Looking within a 3-mile radius, households are projected to grow meaningfully, expanding the renter pool and supporting occupancy stability. Risks to underwrite include lower average school performance and pockets of affordability pressure, even as recent safety trends improve.
- Above-metro-median neighborhood fundamentals with strong everyday amenities
- Deep renter-occupied housing base supports demand and retention
- 1974 vintage offers value-add potential while remaining competitive to older stock
- 3-mile household growth outlook supports occupancy stability
- Manageable risks: lower average school ratings and renter affordability pressure