| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 65th | Best |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 40600 Washington St, Bermuda Dunes, CA, 92203, US |
| Region / Metro | Bermuda Dunes |
| Year of Construction | 2000 |
| Units | 90 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
40600 Washington St Bermuda Dunes Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and relative pricing power, according to WDSuite’s CRE market data. The property benefits from a strong amenities footprint and a renter-leaning neighborhood profile that supports occupancy stability over a full cycle.
This Inner Suburb neighborhood ranks 47th among 997 metro neighborhoods (A rating), placing it competitively within the Riverside–San Bernardino–Ontario market. Convenience is a core strength: grocery, restaurant, cafe, and pharmacy densities track in the upper national percentiles, offering daily-needs access that supports leasing and retention. Park access is limited, which may modestly influence lifestyle-driven demand but is offset by the area’s retail and service coverage.
Multifamily demand signals are constructive. The neighborhood’s renter-occupied share is elevated relative to national norms, indicating a deeper tenant base for 1–2 bedroom product and supporting leasing velocity. Neighborhood occupancy sits below national midpoints but has improved over the past five years, a favorable directional trend for stabilization and renewal performance. Median asking rents benchmark in higher national percentiles, while a relatively modest rent-to-income profile suggests manageable affordability pressure for many renters—conditions that can aid retention and measured rent setting.
Ownership costs in the neighborhood are on the higher side nationally, which typically sustains reliance on rental housing and reduces direct competition from entry-level ownership. For investors, this backdrop often supports steadier absorption and reduces concession exposure, particularly for well-managed, professionally maintained assets.
Demographics within a 3-mile radius point to an expanding renter pool: recent population and household counts have grown and are projected to accelerate, with income growth outpacing prior periods. These trends translate into a larger tenant base and underpin forward leasing, especially for properties offering contemporary finishes and efficient floor plans. The asset’s 2000 construction is newer than the neighborhood’s average vintage (late 1980s), conferring a competitive edge versus older stock while still leaving room for targeted modernization to lift effective rents and reduce long-term capital risk.
Safety signals are mixed when viewed in context of the metro and nation. The neighborhood’s crime rank sits on the less favorable side of the metro distribution (578th of 997), suggesting investors should plan for standard property security measures and proactive site lighting/camera coverage. Nationally, violent-offense indicators track around mid-percentiles with year-over-year improvement, while property-offense measures benchmark weaker, indicating comparatively higher exposure to non-violent incidents.
For underwriting, a conservative operating plan that includes access control, lighting upgrades, and coordination with local public-safety resources can help manage risk and support resident satisfaction over the hold period. These observations reflect neighborhood-level trends rather than property-specific conditions.
Nearby employment includes corporate offices that support steady commuter demand and retention, with proximity advantageous for workforce housing. The list below reflects primary employers nearest to the property.
- Waste Management — waste services offices (3.2 miles)
40600 Washington St is a 2000-vintage, institutional-scale multifamily asset positioned in a high-amenity Inner Suburb pocket of Bermuda Dunes. Relative to the neighborhood’s older average vintage, the property’s construction provides a competitive starting point versus 1980s-era stock, with potential upside from selective modernization. Neighborhood occupancy has trended upward in recent years and the renter-occupied share is elevated, supporting depth of demand and leasing stability; according to CRE market data from WDSuite, ownership costs benchmark on the higher side nationally, which tends to sustain reliance on multifamily rentals.
Within a 3-mile radius, recent population and household growth, alongside rising incomes and projected household expansion, point to a broadening tenant base that can support absorption and measured rent growth. Amenity density (grocery, dining, services) is a local strength that enhances livability and retention, though limited park access and mixed safety signals warrant routine operating controls and careful asset management.
- 2000 vintage newer than area average, with targeted renovation potential
- Elevated renter concentration and improving neighborhood occupancy support leasing stability
- High-amenity corridor (groceries, dining, services) enhances retention and rentability
- 3-mile demographic growth and rising incomes expand the tenant base
- Risks: limited park access and comparatively higher property-crime exposure call for proactive security and Opex planning