| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 56th | Good |
| Amenities | 30th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 930 N San Dimas Ave, San Dimas, CA, 91773, US |
| Region / Metro | San Dimas |
| Year of Construction | 1981 |
| Units | 30 |
| Transaction Date | 2018-06-12 |
| Transaction Price | $9,830,000 |
| Buyer | Raphael W & Josette T Scott |
| Seller | Valley Commercial, Inc |
930 N San Dimas Ave Multifamily Investment
This 30-unit property built in 1981 sits in a neighborhood with 100% occupancy and above-average NOI performance according to WDSuite's CRE market data.
The San Dimas neighborhood demonstrates strong rental fundamentals with 100% occupancy rates, ranking 1st among 1,441 metro neighborhoods. Built in 1981, this property aligns with the area's average construction vintage of 1982, indicating established building stock without immediate capital expenditure pressures.
Demographic data within a 3-mile radius shows a median household income of $108,000 with 30.2% of housing units renter-occupied. The neighborhood ranks in the top quartile nationally for housing metrics (82nd percentile) and maintains competitive demographics (56th percentile nationally). Contract rents at $2,048 median reflect an 18.5% increase over five years, while the rent-to-income ratio of 0.18 suggests manageable affordability for tenants.
With home values at $825,391 median and a value-to-income ratio of 6.0, elevated ownership costs help sustain rental demand in this suburban market. The neighborhood's NOI per unit average of $8,306 ranks in the 69th percentile nationally, indicating above-average income generation potential for multifamily properties.
Crime metrics show the neighborhood ranking 559th of 1,441 metro neighborhoods, placing it above the metro median for safety. Property offense rates of 434 per 100,000 residents have declined 35.2% over the past year, while violent crime rates dropped 66.1% to 29.5 per 100,000 residents, ranking in the 93rd percentile nationally for improvement.
These trending safety improvements support tenant retention and property values, with crime reduction patterns outpacing most comparable neighborhoods across the Los Angeles metro area.
The property benefits from proximity to established corporate offices, providing workforce housing for professionals commuting to nearby employment centers.
- Ryder Vehicle Sales — commercial vehicle services (7.9 miles)
- Waste Management — environmental services (10.6 miles)
- Chevron — energy operations (13.2 miles)
- McKesson Medical Surgical — healthcare distribution (13.3 miles)
- Edison International — utility services (16.3 miles) — HQ
The property's 1981 construction year presents value-add renovation opportunities while maintaining structural integrity typical of established multifamily assets. Neighborhood occupancy at 100% with above-metro NOI performance suggests strong rental demand fundamentals. Demographics within a 3-mile radius show household growth and income stability, supporting tenant retention and lease-up velocity.
According to multifamily property research from WDSuite, the area's declining crime rates and competitive housing metrics position this asset favorably among Los Angeles metro neighborhoods. The rent-to-income ratio of 0.18 indicates sustainable affordability levels, while elevated home ownership costs help maintain rental market depth.
- 100% neighborhood occupancy with top-tier metro ranking
- Above-average NOI performance at $8,306 per unit
- Value-add potential from 1981 vintage requiring capital planning
- Declining crime trends supporting property values
- Risk: Limited amenity density may affect tenant appeal