| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 61st | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 477 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 |
477 E Bonita Ave San Dimas Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by high-cost ownership dynamics, according to WDSuite’s CRE market data. The asset’s inner-suburban location offers stable fundamentals for long-term hold strategies.
San Dimas sits in Los Angeles County’s inner suburbs with an A-rated neighborhood profile and strong amenity access. Amenity and park availability rank in the higher national percentiles, and average school ratings are competitive among 1,441 Los Angeles metro neighborhoods, supporting family-oriented renter appeal and lease retention.
According to WDSuite’s CRE market data, the neighborhood’s occupancy rate is in the top quartile nationally, indicating resilient leasing conditions rather than property-specific performance. Median contract rents and household incomes trend above national norms, while the rent-to-income ratio signals manageable affordability pressure that can aid resident retention.
Renter concentration at the neighborhood level is approximately 47% of housing units being renter-occupied, suggesting a balanced tenure mix and a deep enough tenant base for a 34-unit community. Elevated home values in the area reinforce reliance on multifamily housing, which can support pricing power and stabilize renewal velocity.
The property’s 1978 vintage is older than the neighborhood’s average construction year. For investors, this often points to targeted capital planning or value-add potential through unit modernization and common-area upgrades to remain competitive against newer stock while managing ongoing system lifecycles.
Within a 3-mile radius, demographics show households growing and average household size edging lower over time. This combination typically expands the renter pool and supports occupancy stability, even as population growth moderates. Neighborhood NOI per unit trends are competitive versus national peers, reinforcing the area’s income durability over a hold period.
Safety indicators for the neighborhood are mixed relative to national benchmarks. Overall crime levels sit near the national midpoint, while property offense measures track below national averages. Violent offense rates are somewhat weaker than the national midpoint but have improved on a year-over-year basis.
Compared with the 1,441 Los Angeles metro neighborhoods, the area performs around the middle of the pack on aggregate safety metrics. For investors, this suggests typical urban-suburban risk management considerations—lighting, access control, and resident screening—rather than outlier conditions, with recent improvement trends worth monitoring during underwriting.
Nearby employment nodes span logistics, environmental services, healthcare distribution, energy, and corporate headquarters, supporting a broad commuter base and leasing stability for workforce and professional renters.
- Ryder Vehicle Sales — transportation & logistics (7.1 miles)
- Waste Management — environmental services (9.7 miles)
- Mckesson Medical Surgical — healthcare distribution (12.4 miles)
- Chevron — energy offices (13.4 miles)
- United Technologies — aerospace & industrial offices (13.9 miles)
- General Mills — consumer foods offices (16.3 miles)
- Edison International — utilities & corporate services (16.6 miles) — HQ
477 E Bonita Ave offers exposure to an inner-suburban Los Angeles location where neighborhood occupancy trends are strong and amenity fundamentals are competitive. Based on CRE market data from WDSuite, the surrounding area posts high national percentiles for occupancy and solid income growth, while elevated home values help sustain renter reliance on multifamily housing and support renewal pricing discipline.
Built in 1978, the 34-unit asset is older than the area’s average vintage, positioning it for targeted value-add through interior updates and common-area improvements to defend rent positioning against newer product. Within a 3-mile radius, households are increasing as average household size declines, which typically broadens the renter base and supports occupancy stability over a hold period.
- Strong neighborhood occupancy and amenity access support leasing stability
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- 1978 vintage presents value-add potential through modernization and system upgrades
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: aging asset and mixed-but-improving safety metrics warrant prudent capex and operations planning