| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 49th | Good |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 952 Redhead Ln, Corona, CA, 92880, US |
| Region / Metro | Corona |
| Year of Construction | 1988 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
952 Redhead Ln, Corona CA Multifamily Investment
Neighborhood occupancy remains steady and renter demand is deep, according to WDSuite s CRE market data, supporting an 88-unit strategy focused on retention and operational efficiency. Elevated ownership costs in Corona sustain reliance on multifamily housing, while incomes in the area help moderate affordability pressure for renters.
The property sits in a Corona neighborhood rated B and classified as Urban Core among 997 metro neighborhoods. Neighborhood occupancy is strong and sits in the top quartile nationally, signaling stable lease-up and retention potential for professionally managed assets. Median contract rents in the neighborhood are also higher than most U.S. areas, reflecting willingness to pay for well-run communities.
Renter-occupied share in the neighborhood is high relative to the metro (61% of housing units), indicating a large tenant base and durable multifamily demand. Within a 3-mile radius, household incomes are comparatively strong and median rents sit below what those incomes would typically imply, which can support lease stability and measured pricing power for owners.
Local livability is mixed. Childcare access scores well compared with national norms, but immediate retail density (grocery, restaurants, and cafes) is limited, so residents may rely on nearby corridors for daily needs. Average school ratings trend below the national median, an underwriting consideration for family-oriented product positioning and marketing.
Home values in the neighborhood are elevated versus most U.S. areas and the value-to-income ratio ranks among the highest nationally. In practice, this high-cost ownership market tends to reinforce rental demand and supports occupancy stability. Demographic statistics aggregated within a 3-mile radius show that households are projected to increase with smaller average household size over the next five years, which can expand the renter pool even if population growth is modest.
Safety indicators for the neighborhood are mixed relative to regional and national benchmarks. Overall crime levels place the area around the metro middle when compared with 997 neighborhoods in the Riverside San Bernardino Ontario metro. Nationally, property crime sits near the mid-range, while violent offense measures track below national mid-percentiles.
Recent trend signals are noteworthy: estimated property crime rates improved materially year over year, ranking in a stronger tier nationally for improvement. Investors should still underwrite to local management practices and situational awareness, as offense trends can vary by micro-area and cycle.
Nearby employment nodes feature healthcare distribution, consumer packaged goods, environmental services, logistics, and energy infrastructure employers, supporting commuter convenience and a broad renter base for workforce housing.
- Mckesson Medical Surgical healthcare distribution (7.5 miles)
- General Mills consumer packaged goods (9.1 miles)
- Waste Management environmental services (10.0 miles)
- Ryder Vehicle Sales logistics (12.8 miles)
- Kinder Morgan energy infrastructure (16.1 miles)
This 88-unit asset is positioned in a neighborhood with nationally strong occupancy and a high renter-occupied share, supporting durable collections and tenant retention. Elevated home values relative to income levels indicate a high-cost ownership market, which typically sustains multifamily demand and pricing power for well-operated properties. Based on CRE market data from WDSuite, neighborhood occupancy performance sits above national medians, while rent levels are supported by solid area incomes and a broad renter pool.
Looking ahead, demographics within a 3-mile radius point to an increase in households and smaller average household size, which can widen the renter pool even if population growth is modest. Limited immediate retail density and below-median school ratings introduce positioning considerations, but nearby employment nodes and commuter access balance the picture for workforce-oriented product.
- Strong neighborhood occupancy (top quartile nationally) supports leasing stability
- High renter-occupied share indicates a deep tenant base
- Elevated ownership costs in Corona reinforce multifamily demand
- 3-mile trends point to more households and smaller sizes, expanding the renter pool
- Risks: limited immediate retail density and below-median school ratings may affect family-targeted leasing