| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 51st | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19641 Arcadia St, Corona, CA, 92881, US |
| Region / Metro | Corona |
| Year of Construction | 1973 |
| Units | 42 |
| Transaction Date | 2020-06-29 |
| Transaction Price | $650,000 |
| Buyer | DORN ERIC |
| Seller | GUNN TRICIA E OSBORNE |
19641 Arcadia St, Corona — Suburban 42-Unit Multifamily
Positioned in a high-occupancy Corona neighborhood with strong household incomes, this 1973 asset offers durable demand and clear value-add potential, according to WDSuite’s CRE market data.
The property sits within an A+ rated suburban neighborhood in the Riverside–San Bernardino–Ontario metro, ranking 35 out of 997 metro neighborhoods — competitive among area peers and solidly top quartile nationally. Local amenities are deep for a suburban node, with restaurant, grocery, and pharmacy access comparing favorably to U.S. norms, supporting daily convenience for residents and leasing appeal.
Neighborhood schools average roughly 4 out of 5, a mark that performs in the upper tiers regionally and above many national peers. This education profile, alongside stable occupancy at the neighborhood level (measured for the neighborhood, not the property), reinforces family-oriented renter demand and the potential for steady retention.
Construction in the surrounding neighborhood skews newer than the subject (average vintage around the mid‑2000s). With a 1973 build, the asset is older than nearby stock — an investor-relevant signal for capital planning and value-add or modernization to enhance competitive positioning against newer comparables.
Tenure dynamics indicate a modest share of renter-occupied housing within the neighborhood, which points to a selective but dependable renter base rather than transience. Within a 3‑mile radius, demographic data show a larger, higher‑income household pool and forward projections that call for population growth and more households — factors that expand the tenant base and support occupancy stability over time.
Home values in the neighborhood are elevated relative to national benchmarks, while the rent-to-income profile trends favorable (for the neighborhood), a combination that can sustain reliance on multifamily rentals and aid lease retention without overextending affordability. Market-rate rents (measured for the neighborhood) have trended upward over the past five years, consistent with broader regional fundamentals.
Safety metrics for the neighborhood trend below the national median overall, indicating investors should underwrite prudent security and insurance assumptions. At the same time, property crime has improved year over year, with the decline placing the neighborhood in a stronger tier nationally for recent momentum, while violent‑crime trends have been less favorable. Monitoring multi‑year direction and block‑level data during diligence is advisable, but current trends suggest stabilization in property‑related incidents.
Nearby corporate employers provide a diversified white‑ and blue‑collar employment base that supports renter demand and commute convenience, including healthcare distribution, packaged foods, and industrial services.
- Mckesson Medical Surgical — healthcare distribution (12.4 miles)
- General Mills — packaged foods (13.0 miles)
- Waste Management — environmental services (15.0 miles)
- Lennar Homes — homebuilding offices (17.5 miles)
- Kinder Morgan — energy infrastructure offices (17.6 miles)
This 42‑unit, 1973 Corona asset aligns with stable suburban fundamentals: high neighborhood occupancy, strong household incomes, and convenient retail and school access that underpin steady renter demand. The property’s older vintage relative to nearby stock points to actionable value‑add or systems modernization that can elevate positioning versus mid‑2000s comparables while maintaining a pragmatic capex plan.
Neighborhood data indicate elevated home values and a favorable rent‑to‑income profile, supporting retention and revenue durability as more households within a 3‑mile radius are projected over the next several years. Based on CRE market data from WDSuite, the surrounding neighborhood’s amenity depth and occupancy stability compare well to national benchmarks, reinforcing a long‑term hold or renovation thesis while acknowledging the need to underwrite safety and operating expenses with care.
- Stable neighborhood occupancy and strong household incomes support durable renter demand.
- 1973 vintage offers clear value‑add and systems upgrade potential versus newer nearby stock.
- Elevated home values locally bolster reliance on multifamily rentals and lease retention.
- Amenity and school access strengthen leasing appeal and competitive positioning.
- Risks: safety metrics below national median and capex for an older asset warrant conservative underwriting.