| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 35th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 N Lyon Ave, Hemet, CA, 92545, US |
| Region / Metro | Hemet |
| Year of Construction | 1989 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1001 N Lyon Ave Hemet Multifamily Investment
Neighborhood fundamentals point to stable renter demand and high occupancy, according to WDSuite's CRE market data. Investor focus centers on managing affordability pressure while leveraging a deep renter-occupied base at the neighborhood level.
Livability and Investment Context
The surrounding neighborhood shows occupancy strength that is above the metro median and in the top quartile nationally, based on WDSuite's CRE market data for the neighborhood (not the property). This supports income stability and reduces lease-up risk relative to weaker submarkets.
Renter concentration in the neighborhood is high, with a majority of housing units renter-occupied. For investors, that indicates a deeper tenant base and supports consistent leasing velocity. By contrast, the broader 3-mile area skews more mixed between owners and renters, so demand drivers may vary by micro-location.
The average construction year in the neighborhood is 1986, and this property was built in 1989. The vintage positioning suggests competitive footing versus older stock while still warranting targeted capital planning for aging systems and value-add upgrades to drive rent premiums and retention.
Home values in the neighborhood sit within a high-cost ownership context relative to local incomes (above most U.S. neighborhoods), which can reinforce reliance on rental housing and support occupancy durability. However, neighborhood rent-to-income levels signal affordability pressure; prudent lease management and renewal strategies are important to protect collections and limit turnover.
Amenity density (grocery, restaurants, parks, pharmacies, cafes, childcare) is limited at the neighborhood scale. For multifamily assets, that typically elevates the importance of on-site features and convenient access to daily needs elsewhere in the metro to sustain leasing and reduce concessions.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, indicating a larger tenant base over time. Forecasts also point to slightly smaller household sizes, which can favor rental demand for flexible unit types and support occupancy stability.
Safety Context
Neighborhood-level crime metrics specific to this area are not available in WDSuite's dataset for the current period. Investors commonly benchmark safety using city and metro trends, property-level incident history, and management practices rather than relying solely on neighborhood summaries.
A prudent approach includes reviewing recent police blotters, insurer loss runs, and historical incident logs, and aligning security measures with leasing and retention goals.
Proximity to regional employers supports renter demand through commuter access. Nearby corporate offices span food manufacturing, midstream energy, waste services, and healthcare distribution, as outlined below.
- General Mills — food manufacturing offices (15.4 miles)
- Kinder Morgan — midstream energy offices (29.9 miles)
- Waste Management — environmental services offices (36.3 miles)
- Mckesson Medical Surgical — healthcare distribution (41.6 miles)
- Gilead Sciences — biopharmaceutical offices (42.1 miles)
Investment Thesis
1001 N Lyon Ave benefits from neighborhood occupancy that tracks above the metro median and sits in the top quartile nationally, supporting revenue stability. According to CRE market data from WDSuite, the immediate area also exhibits a high share of renter-occupied housing units, which typically underpins leasing velocity and helps sustain collections through cycles.
Built in 1989, the asset is slightly newer than the neighborhood average vintage, suggesting competitive positioning versus older stock while still offering value-add potential via modernization of interiors, building systems, and amenities. Within a 3-mile radius, population and household growth — paired with a trend toward slightly smaller household sizes — indicates a gradually expanding renter pool. A high-cost ownership landscape further supports multifamily reliance, though elevated rent-to-income ratios in the neighborhood call for disciplined lease management and renewal strategies.
- Occupancy strength in the top quartile nationally supports income stability.
- High neighborhood renter-occupied share deepens the tenant base and supports leasing.
- 1989 vintage offers value-add and modernization upside relative to older local stock.
- 3-mile population and household growth point to a larger future renter pool.
- Risk: Affordability pressure and limited neighborhood amenities require careful lease and asset management.