| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 38th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13370 Magnolia Ave, Corona, CA, 92879, US |
| Region / Metro | Corona |
| Year of Construction | 1979 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13370 Magnolia Ave, Corona CA Multifamily Investment
Neighborhood occupancy remains high and stable, supporting consistent leasing dynamics for well-managed assets, according to WDSuite’s CRE market data; note that this occupancy refers to the surrounding neighborhood, not the property itself.
Located in Corona’s inner-suburban fabric of Riverside County, the area surrounding 13370 Magnolia Ave shows durable renter demand signals with neighborhood occupancy in the top quartile among 997 metro neighborhoods. Grocery access is competitive for the metro while restaurants are reasonably represented, though parks, pharmacies, and cafes are limited, which places more weight on property-level amenities for resident retention.
The property’s 1979 vintage is older than the neighborhood’s newer housing stock (average construction year 2010). For investors, this typically points to value-add and capital planning opportunities—modernizing interiors, systems, and common areas to improve competitive positioning relative to newer product.
Tenure patterns indicate a modest share of renter-occupied units in the immediate neighborhood, which can translate to a stable resident base with lower turnover; however, within a 3-mile radius renters account for a larger share of housing, broadening the potential tenant pool. The neighborhood’s rent-to-income profile sits around the national mid-range, which can help support lease retention if revenue management remains disciplined.
Demographics aggregated within 3 miles show a large working-age population and a slight increase in households over the last five years, expanding the renter pool. Forward-looking data suggests smaller average household sizes and growth in household counts even as total population trends edge down, implying more, smaller households—conditions that can sustain multifamily demand and support occupancy stability when unit mixes and pricing align with local incomes.
Safety indicators are mixed relative to the Riverside–San Bernardino–Ontario metro. Overall crime sits around the metro middle (ranked 451 out of 997 neighborhoods), with violent incidents roughly in line with national norms. Property crime is comparatively higher than many metro neighborhoods (ranked 793 of 997), but the neighborhood has seen a meaningful decline in violent offenses over the past year, placing it in a stronger improvement tier nationally.
For investors, the takeaway is to emphasize lighting, access control, and visible stewardship to support resident comfort and leasing—particularly given property crime’s relative positioning—while recognizing that recent trendlines in violent incidents have been favorable.
Nearby corporate offices contribute to a diversified employment base and practical commute times, supporting renter demand for workforce-oriented housing. The list below highlights regional nodes that can bolster leasing stability for properties serving employees in food manufacturing, medical distribution, environmental services, energy infrastructure, and logistics.
- General Mills — food manufacturing offices (10.0 miles)
- Mckesson Medical Surgical — medical distribution (10.6 miles)
- Waste Management — environmental services (12.9 miles)
- Kinder Morgan — energy infrastructure (15.0 miles)
- Ryder Vehicle Sales — logistics & fleet sales (15.8 miles)
13370 Magnolia Ave sits in a Corona neighborhood with strong occupancy fundamentals and a broad regional employment base. Based on CRE market data from WDSuite, neighborhood occupancy is in the top quartile locally, a favorable backdrop for lease-up and retention when operations are tight. The asset’s 1979 vintage is meaningfully older than the area’s newer stock, indicating value-add potential through targeted renovations and systems upgrades to compete against 2000s+ product.
Within a 3-mile radius, household counts have edged up and are projected to increase further even as average household size trends down, suggesting a larger pool of smaller households entering the rental market. Elevated home values in the broader area can reinforce reliance on multifamily rentals, though more accessible ownership options in parts of the Inland Empire may create some competition—underscoring the importance of positioning, finish level, and operational efficiency.
- Neighborhood occupancy sits in the top quartile among 997 metro neighborhoods, supporting lease stability.
- 1979 construction offers clear value-add and capital planning levers versus newer local stock.
- 3-mile demographics point to more, smaller households over time, expanding the renter pool.
- Regional employers within commuting range underpin workforce demand and potential retention.
- Risks: relatively higher property crime and amenity gaps nearby—mitigate via security, on-site amenities, and disciplined rental positioning.