| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 18th | Fair |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 651 E Bonita Pl, Calipatria, CA, 92233, US |
| Region / Metro | Calipatria |
| Year of Construction | 2008 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
651 E Bonita Pl, Calipatria CA Multifamily Investment
2008-vintage, 72-unit asset positioned for durable renter demand in Imperial County, supported by improving neighborhood occupancy and accessible rents, according to WDSuite’s CRE market data.
Calipatria’s suburban setting offers a practical living base for workforce households, with grocery access ranking above the metro median among 52 El Centro neighborhoods while dining and park options are limited nearby. For investors, this points to a car-reliant renter profile and value in emphasizing on-site amenities and services over walkable retail.
Neighborhood occupancy has trended upward over the past five years, supporting leasing stability. The local renter-occupied share sits above the national median, signaling a meaningful tenant base for multifamily assets and helping underpin demand durability even as the small-market context can introduce volatility.
Within a 3-mile radius, households expanded while average household size decreased, indicating more households forming even as population softened recently; forward projections call for growth in both population and households, which would expand the renter pool and support occupancy. Rent-to-income levels suggest manageable affordability, which can aid retention and steady rent collections.
The property’s 2008 construction is newer than the neighborhood’s older housing stock (average vintage mid-1960s), offering competitive positioning versus legacy assets; investors should still plan for mid-life system updates and selective modernization to sustain appeal. School ratings in the area trend below national norms, which can shape renter mix and marketing strategy but does not preclude steady workforce housing demand. These dynamics align with a pragmatic commercial real estate analysis focused on renter demand depth and asset competitiveness.
Comparable neighborhood crime benchmarks were not available in WDSuite’s dataset for this location. Investors typically gauge safety by reviewing city and county trend reports and comparing them with peer neighborhoods across the El Centro metro to assess relative positioning and any multi-year shifts.
Given the small-market context, it is prudent to validate property-level measures (lighting, access control, and visibility) and to benchmark incident trends at the neighborhood level against metro norms before underwriting.
This 72-unit, 2008-built community offers newer-vintage positioning in a neighborhood dominated by older housing, which supports competitive leasing versus legacy stock. Neighborhood occupancy has improved in recent years, the renter-occupied share sits above the national median, and rent levels remain accessible—all factors that can support steady absorption and retention; according to CRE market data from WDSuite, grocery access is comparatively better within the metro even as dining and parks are sparse, favoring on-site amenity investment.
Within a 3-mile radius, households increased as average household size declined, and forward projections indicate additional population and household growth—conditions that typically expand the tenant base and support occupancy stability. While homeownership remains comparatively accessible here (which can create some competition with for-sale options), the area’s renter concentration and workforce profile point to durable multifamily demand with targeted value-add and maintenance planning appropriate for a mid-2000s asset.
- Newer 2008 vintage relative to neighborhood stock, aiding competitiveness versus older assets
- Uptrending neighborhood occupancy and above-median renter concentration support demand stability
- 3-mile projections indicate population and household growth, expanding the renter pool
- Accessible rents and workforce profile can aid retention and steady collections
- Risks: limited nearby amenities and below-average school ratings; plan for mid-life system updates and potential competition from for-sale housing