| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 17th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1003 W 9th St, Pomona, CA, 91766, US |
| Region / Metro | Pomona |
| Year of Construction | 1989 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1003 W 9th St Pomona Multifamily Investment Opportunity
Neighborhood fundamentals indicate steady renter demand and above-median occupancy, according to WDSuite’s CRE market data, supporting a durable hold for a 1989-vintage, small-balance asset.
Located in Pomona’s Urban Core, the property benefits from amenity access that ranks in the top quartile nationally for overall amenities, with grocery and restaurant density closer to the top decile. This concentration supports day-to-day convenience for residents and can aid retention. Pharmacy options are limited in the immediate area, which investors should factor into resident services and transportation considerations.
The neighborhood’s renter-occupied share is high, signaling a deep tenant base for multifamily. Occupancy levels are above the metro median and have trended upward over the last five years, which aligns with stable leasing conditions and moderated downtime between turns.
The property’s 1989 vintage is newer than the neighborhood’s average 1960s-era stock, offering relative competitive positioning versus older buildings. Investors can plan for targeted modernization as systems age, while potentially avoiding the larger near-term capital programs often associated with pre-1970s assets.
Within a 3-mile radius, households have grown even as population edged lower, pointing to smaller household sizes and a gradually diversifying renter pool. Median incomes have advanced and are projected to continue rising, while rent levels are also forecast to increase. Elevated home values and a high value-to-income ratio indicate a high-cost ownership market, which typically sustains multifamily demand and can support pricing power, per commercial real estate analysis from WDSuite.
Safety signals are mixed when viewed against national benchmarks. Overall crime sits modestly better than the national median, while both violent and property offenses track weaker than average. Notably, recent year data show meaningful declines in both categories, indicating improving momentum rather than a static profile.
Compared with the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, this area is competitive among peers but not top tier. Investors should underwrite with prudent assumptions around security, lighting, and resident engagement, recognizing the positive direction of change alongside lingering risks.
Nearby employment nodes span logistics, waste services, healthcare distribution, diversified industrials, and food manufacturing—Ryder Vehicle Sales, Waste Management, McKesson Medical Surgical, United Technologies, and General Mills—supporting workforce housing demand and commute convenience for tenants.
- Ryder Vehicle Sales — logistics & fleet services (2.7 miles)
- Waste Management — environmental services (5.5 miles)
- Mckesson Medical Surgical — healthcare distribution (8.0 miles)
- United Technologies — diversified industrial offices (11.2 miles)
- General Mills — food manufacturing offices (13.2 miles)
This 1989-vintage, 21-unit multifamily asset sits in a renter-heavy pocket of Pomona where neighborhood occupancy trends run above the metro median and have improved in recent years. Amenity access is a strength—particularly groceries, restaurants, and parks—supporting day-to-day livability and tenant retention. Elevated for-sale pricing in the area reinforces reliance on rental housing, which can underpin steady demand and measured pricing power.
Within a 3-mile radius, households have increased despite modest population contraction and are projected to rise further, suggesting smaller household sizes and a broader tenant base. According to CRE market data from WDSuite, rent levels and incomes are both trending upward locally, implying scope for disciplined revenue management. The 1989 construction offers relative competitiveness versus older neighborhood stock, with targeted modernization likely to capture value-add upside while managing long-term capital needs.
- Renter-heavy neighborhood and above-median occupancy support stable leasing
- Strong amenity access (groceries, restaurants, parks) aids retention
- 1989 vintage positions competitively versus older local stock with value-add potential
- High-cost ownership market sustains multifamily demand and pricing power
- Risk: affordability pressures (rent-to-income) and mixed safety metrics warrant conservative underwriting