| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 22nd | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 S P St, Madera, CA, 93637, US |
| Region / Metro | Madera |
| Year of Construction | 1979 |
| Units | 76 |
| Transaction Date | 2008-05-01 |
| Transaction Price | $4,273,000 |
| Buyer | Mores Yosemite Manor, LP |
| Seller | City of Madera |
108 S P St, Madera CA Multifamily Investment
Neighborhood occupancy runs above the metro median with a high renter-occupied housing share, supporting demand stability according to WDSuite’s CRE market data.
This Inner Suburb location in Madera is competitive among Madera neighborhoods (ranked 21 out of 58) and shows steady renter demand, with the neighborhood’s occupancy rate around the midpoint of the metro and a notably high share of renter-occupied housing units. For investors, that depth of the tenant base can support leasing velocity and reduce exposure to prolonged vacancy.
Within a 3-mile radius, population grew about 10% over the past five years and is projected to expand another ~7% by 2028, with households projected to rise materially (about 40%). That trajectory points to a larger tenant base and supports occupancy stability for multifamily properties. Average household size near 4.0 indicates larger households, which can sustain interest in two-bedroom and family-oriented layouts.
Daily-needs access is a relative strength: grocery options and pharmacies score in the upper end of both metro and national comparisons (grocery density ranked 3 of 58 metro neighborhoods; pharmacy density ranked 1 of 58), and restaurants are plentiful (ranked 2 of 58). Parks and cafes are limited locally, so on-site amenities may be more important for resident retention.
Home values in the neighborhood sit near national mid-range, but the value-to-income ratio is elevated (high in national percentiles), suggesting a high-cost ownership market relative to local incomes. That typically sustains reliance on rental housing and can support pricing power. At the same time, a rent-to-income ratio near 0.29 indicates some affordability pressure, implying prudent lease management and renewal strategies are key to retention. School ratings average around 3 of 5 and are above the metro median, adequate for workforce housing positioning.
The property’s 1979 construction is newer than the neighborhood’s average vintage (1971), offering a relative competitive edge versus older stock while still warranting selective modernization of systems and finishes to enhance rentability.
WDSuite does not report verified crime ranks or percentiles for this neighborhood at this time. Investors typically benchmark safety by comparing neighborhood trends to city and county sources and by reviewing multi-year patterns rather than single-period snapshots. Given the absence of comparable rank data, underwriting should incorporate local management insights and recent public safety reports to calibrate operating assumptions.
Regional employment anchors within commuting distance contribute to a diversified labor pool that supports renter demand, including food processing.
- Con Agra Foods — food processing (29.6 miles)
This 76-unit, 1979-vintage asset in Madera benefits from neighborhood fundamentals that favor renter demand: above-median occupancy within the metro, a high share of renter-occupied housing units, and expanding household counts within a 3-mile radius. According to CRE market data from WDSuite, daily-needs amenities (groceries, pharmacies) and restaurant density compare well within the metro, supporting resident convenience and lease retention.
Ownership remains relatively costly versus local incomes, which tends to reinforce reliance on multifamily housing. While that can aid pricing power, the rent-to-income profile suggests careful renewal strategies and amenity investments to sustain retention. Given its newer-than-average vintage for the area, targeted capital upgrades can position the property competitively against older stock while managing long-term system refresh needs.
- Above-median neighborhood occupancy and high renter concentration support demand stability
- 3-mile population and household growth expand the renter pool and leasing depth
- Strong daily-needs access (grocery/pharmacy) and restaurant density aid retention
- 1979 vintage offers a competitive edge versus older stock with value-add potential through modernization
- Risk: rent-to-income pressures call for disciplined pricing and renewal management to protect occupancy