| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 27th | Good |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1121 Loughborough Dr, Merced, CA, 95348, US |
| Region / Metro | Merced |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1121 Loughborough Dr, Merced CA Multifamily Investment
High neighborhood occupancy and a deep renter-occupied housing base point to durable leasing fundamentals, according to WDSuite’s CRE market data. Investors should expect steady renter demand supported by nearby retail conveniences and a market where ownership costs often keep households in rental housing.
Merced’s inner-suburb location around 1121 Loughborough Dr combines daily conveniences with strong renter dynamics. Grocery and pharmacy access is a relative strength (both competitive within the metro and high nationally), while restaurants are dense for the area; by contrast, parks, cafes, and childcare options are comparatively limited. These local dynamics favor day-to-day livability for renters while signaling room for future amenity growth.
Neighborhood occupancy is high and competitive among Merced, CA neighborhoods (ranked 8th out of 70, also strong versus national peers), supporting stability for existing assets. Renter concentration is elevated (a high share of housing units are renter-occupied), indicating a deep tenant base for multifamily. Median asking rents in the neighborhood have risen meaningfully over the last five years, while rent-to-income metrics remain manageable for lease retention. Home values are elevated relative to local incomes, which tends to sustain reliance on rental options and can support pricing power when paired with careful lease management.
Within a 3-mile radius, population and households have expanded in recent years, and forecasts point to further population growth and a sizable increase in households over the next five years. This trajectory implies a larger tenant base and continued demand for rental units, which can help support occupancy and absorption across comparable properties.
The property’s 1988 vintage is older than the neighborhood’s average construction year. For investors, that typically means planning for targeted capital expenditures and selective renovations to enhance competitiveness against newer stock, potentially unlocking value-add upside. These dynamics align with measured commercial real estate analysis that favors well-executed modernization in supply-constrained renter pockets.
Safety indicators for this neighborhood sit roughly around the middle of the Merced metro (crime rank 37th of 70 neighborhoods). Compared with neighborhoods nationwide, reported levels indicate below-average safety; however, recent trends show meaningful year-over-year declines in both violent and property offenses, suggesting improving conditions. As always, investors should consider submarket variation, on-the-ground management practices, and property-level security in underwriting.
The investment case centers on durable renter demand, high neighborhood occupancy, and an older 1988 vintage that can support a targeted value-add strategy. Elevated home values relative to incomes in the neighborhood sustain reliance on rental housing, while recent and forecast growth within a 3-mile radius points to a larger tenant base over time. According to CRE market data from WDSuite, occupancy trends outpace many peers, reinforcing the potential for stable cash flow when paired with disciplined lease and expense management.
Operationally, nearby daily-needs retail is a convenience advantage, and the neighborhood’s strong renter-occupied housing share broadens the marketing funnel for a 42-unit asset. The main considerations are capital planning for 1980s systems, monitoring affordability pressure as rents have risen, and acknowledging safety variability across micro-locations despite recent improvement trends.
- High neighborhood occupancy and deep renter base support leasing stability
- 1988 vintage presents value-add and modernization potential versus newer stock
- Elevated ownership costs reinforce rental demand and potential pricing power
- 3-mile growth outlook expands the tenant pool and supports absorption
- Risks: capex for older systems, affordability pressure management, and safety variability