| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 45th | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 175 Desert Sunrise Ave, Heber, CA, 92249, US |
| Region / Metro | Heber |
| Year of Construction | 2006 |
| Units | 24 |
| Transaction Date | 2004-12-03 |
| Transaction Price | $100,000 |
| Buyer | DESERT SUNRISE APARTMENTS OF HEBER LP |
| Seller | THE COUNTY OF IMPERIAL |
175 Desert Sunrise Ave Heber Multifamily Investment
This 24-unit property benefits from neighborhood occupancy rates above 90% and favorable rent-to-income ratios, according to WDSuite's CRE market data. The location offers access to essential amenities while maintaining affordability dynamics that support tenant retention.
The Heber neighborhood ranks 15th among 52 metro neighborhoods with a B+ rating, reflecting competitive fundamentals for multifamily investors. With median household income of $99,303 ranking 7th regionally and in the 74th percentile nationally, the area demonstrates above-average income stability. The neighborhood maintains 90.6% occupancy rates, positioning above metro median performance for tenant retention.
Built in 2006, this property represents newer construction compared to the neighborhood average of 1973, potentially reducing near-term capital expenditure needs and offering competitive positioning. The area features 21.9% renter-occupied housing units, creating a balanced tenure mix that supports rental demand without oversaturation. Demographic data within a 3-mile radius shows household growth of 24.6% over five years, expanding the potential tenant base.
Local amenities include grocery store access ranking in the 70th percentile nationally and park density in the 84th percentile, supporting tenant appeal and retention. Median contract rents of $784 generate favorable rent-to-income ratios of 0.13, ranking in the 62nd percentile nationally and indicating strong affordability for residents. Schools average 3.0 out of 5 stars, ranking 3rd among metro neighborhoods in the 61st percentile nationally.
Home values of $250,486 with a value-to-income ratio ranking 1st regionally in the 97th percentile nationally suggest elevated ownership costs that can reinforce rental demand and sustain renter reliance on multifamily housing. Forward-looking demographic projections within the 3-mile radius indicate household income growth of 45.7% and rent growth potential of 120.9% through 2028, though population is projected to decline by 29%.
Crime data for this neighborhood is not currently available in the provided market analysis. Investors should conduct independent due diligence on local safety conditions and trends when evaluating this property. The neighborhood's overall B+ rating suggests generally stable fundamentals, though specific safety metrics require additional research.
Employment data for anchor employers near this Heber location is not available in the current market analysis. Investors should research local employment centers and major employers in the Imperial County area to assess workforce stability and commute patterns that may influence tenant demand.
This 24-unit Heber property offers newer construction vintage from 2006 in a neighborhood with above-average income levels and favorable occupancy trends. The area's rent-to-income ratios rank in the 62nd percentile nationally, indicating strong affordability dynamics that support tenant retention. With household income ranking 7th among 52 metro neighborhoods and elevated home values reinforcing rental demand, the fundamentals suggest stable cash flow potential.
Demographic projections within a 3-mile radius show significant household income growth of 45.7% through 2028, though population decline of 29% presents offsetting considerations. The property benefits from newer construction compared to the 1973 neighborhood average, potentially reducing near-term capital expenditure requirements while maintaining competitive positioning in the local rental market.
- Neighborhood occupancy rates above 90% with favorable rent-to-income dynamics
- 2006 construction year offers reduced maintenance needs versus older neighborhood stock
- Above-average household income levels ranking 7th among 52 metro neighborhoods
- High home values may sustain rental demand by limiting ownership competition
- Risk: Projected 29% population decline through 2028 may impact tenant pool depth