| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 51st | Fair |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 249 S Acacia St, San Dimas, CA, 91773, US |
| Region / Metro | San Dimas |
| Year of Construction | 1980 |
| Units | 50 |
| Transaction Date | 2023-09-07 |
| Transaction Price | $19,940,000 |
| Buyer | SOUTH BAY COMMUNITY VILLAS LP |
| Seller | VILLA SAN DIMAS |
249 S Acacia St San Dimas Multifamily Investment
This 50-unit property built in 1980 sits in a neighborhood with 99.6% occupancy rates and strong rental fundamentals. Commercial real estate analysis from WDSuite shows the area ranks in the top quartile nationally for net operating income per unit performance.
This San Dimas neighborhood demonstrates solid rental fundamentals with 99.6% occupancy rates, ranking 93rd among 1,441 metro neighborhoods. The area's median rent of $2,017 has grown 16.6% over five years, reflecting steady demand in this inner suburb setting. According to CRE market data from WDSuite, the neighborhood ranks in the 86th percentile nationally for net operating income per unit at $11,395 average.
The local housing stock averages 1970 construction, creating potential value-add opportunities for properties requiring capital improvements or renovations. With 34.7% of housing units renter-occupied, the neighborhood maintains a substantial rental base while home values averaging $657,538 can reinforce rental demand by keeping ownership costs elevated relative to renting options.
Demographics within a 3-mile radius show 74,882 residents with a median household income of $107,050. The area supports rental affordability with 32.3% of households earning between $75,000-$150,000 annually. Projections indicate household growth of 27.9% through 2028, expanding the potential tenant pool while median rents are forecast to reach $2,691, supporting continued pricing power for well-positioned properties.
Amenity density includes 13.9 restaurants per square mile and 2.4 grocery stores per square mile, ranking in the 94th and 86th percentiles nationally respectively. The neighborhood offers 1.8 cafes per square mile, though park access remains limited. School ratings average 2.0 out of 5, which may influence family-oriented tenant retention strategies.
Safety metrics show mixed trends with the neighborhood ranking 968th among 1,441 metro neighborhoods for overall crime, placing it near the metro median. Property crime rates of 1,593 per 100,000 residents have declined 17.1% over the past year, indicating improving conditions. Violent crime rates of 157 per 100,000 residents decreased 24.4% annually, ranking in the 72nd percentile nationally for year-over-year improvement.
While current crime levels rank below metro averages, the positive trend direction suggests ongoing community stability efforts. Investors should monitor local safety initiatives and consider security features as part of tenant retention and property positioning strategies.
The San Dimas area benefits from proximity to major corporate employers across logistics, utilities, and manufacturing sectors, supporting workforce housing demand and commuter convenience.
- Ryder Vehicle Sales — logistics and transportation (7.4 miles)
- Waste Management — environmental services (10.2 miles)
- Chevron — energy and petroleum (12.5 miles)
- McKesson Medical Surgical — healthcare distribution (12.8 miles)
- Edison International — utilities and energy (15.6 miles) — HQ
This 1980-vintage property offers value-add renovation potential in a neighborhood with exceptional occupancy fundamentals. The 99.6% neighborhood occupancy rate ranks in the 96th percentile nationally, while net operating income per unit averaging $11,395 demonstrates strong cash flow potential. Multifamily property research indicates the area's rental growth of 16.6% over five years reflects sustained demand from a diverse employment base and limited new supply.
Demographic projections show household growth of 27.9% through 2028 within the 3-mile radius, expanding the tenant pool while forecast median rents of $2,691 support pricing power. The property's 43-year vintage aligns with neighborhood averages, creating opportunities for strategic capital improvements to capture higher rents while maintaining competitive positioning in this stable inner suburb market.
- Exceptional occupancy stability with 99.6% neighborhood rates ranking top 5% nationally
- Strong NOI performance at $11,395 per unit average, 86th percentile nationally
- Value-add renovation upside with 1980 construction in improving neighborhood
- Growing household base with 27.9% projected increase supporting tenant demand
- Risk consideration: School ratings average 2.0/5 may limit family tenant appeal