| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 61st | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 433 E Bonita Ave, San Dimas, CA, 91773, US |
| Region / Metro | San Dimas |
| Year of Construction | 1978 |
| Units | 34 |
| Transaction Date | 2011-04-05 |
| Transaction Price | $15,250,152 |
| Buyer | AVALON VILLA BONITA L P |
| Seller | UDR SAN DIMAS BONITA APARTMENTS L P |
433 E Bonita Ave San Dimas Multifamily Investment
This 34-unit property benefits from neighborhood-level occupancy of 98.7%, well above metro averages. The San Dimas market shows strong fundamentals with median household income growth and stable rental demand, according to WDSuite's CRE market data.
San Dimas ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for overall investment fundamentals, with particularly strong housing metrics placing it in the 86th percentile nationally. The neighborhood maintains high occupancy rates at 98.7%, significantly outperforming regional averages and supporting consistent rental income streams.
Demographics within a 3-mile radius show a stable tenant base with 71,800 residents and projected household growth of 33% through 2028, expanding the renter pool from approximately 7,400 to 9,800 rental households. The area attracts middle and upper-income renters, with median household income of $102,500 and 30% of households earning above $150,000 annually. Home values averaging $737,000 create an affordability gap that supports rental demand, as higher ownership costs keep households in the rental market longer.
Built in 1978, this property is older than the neighborhood average construction year of 1997, positioning it for targeted value-add renovations and capital improvements that could enhance rental premiums. The area offers strong amenity access with above-average school ratings of 4.0 out of 5, abundant childcare options, and grocery density that appeals to family-oriented tenants seeking long-term housing stability.
Safety metrics show mixed trends that warrant monitoring. The neighborhood ranks around the middle of Los Angeles metro areas for overall crime, placing 835th out of 1,441 neighborhoods and achieving the 49th percentile nationally. Property crime rates are estimated at 662 incidents per 100,000 residents, while violent crime remains relatively low at 49 incidents per 100,000 residents.
Encouragingly, violent crime trends show improvement with a 50% decrease over the past year, suggesting enhanced community safety measures. However, property crime increased modestly by 2.3% during the same period. Investors should consider these dynamics when evaluating tenant retention and insurance costs, while noting that the overall safety profile remains competitive within the broader Los Angeles market context.
The local employment base centers on diverse corporate offices and industrial operations that support steady workforce housing demand across multiple sectors.
- Ryder Vehicle Sales — vehicle sales and leasing (7.1 miles)
- Waste Management — waste and environmental services (9.7 miles)
- Mckesson Medical Surgical — healthcare distribution (12.4 miles)
- Chevron — energy and petroleum (13.3 miles)
- Edison International — utility services (16.5 miles) — HQ
This San Dimas property offers compelling fundamentals driven by exceptional neighborhood-level occupancy of 98.7% and strong demographic growth projections. The 3-mile area shows household expansion of 33% through 2028, significantly increasing the potential tenant base while median home values of $737,000 create affordability barriers that sustain rental demand. Built in 1978, the asset presents value-add opportunities through strategic renovations that could capture rent premiums in a market where median rents have grown 32% over five years.
According to CRE market data from WDSuite, the neighborhood ranks in the top quartile of Los Angeles metro areas for investment fundamentals, supported by above-average school ratings and strong amenity density. The diverse employment base spanning healthcare, energy, and utilities within a 20-mile radius provides tenant stability, while projected income growth of 24% supports rent escalation potential.
- Exceptional 98.7% neighborhood occupancy rate outperforms metro averages
- Projected 33% household growth through 2028 expands tenant base
- High home values create affordability gap supporting rental demand
- Value-add potential from 1978 vintage relative to neighborhood average
- Risk: Property crime rates require monitoring and may impact insurance costs