| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 57th | Best |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 W Acacia Ave, Hemet, CA, 92545, US |
| Region / Metro | Hemet |
| Year of Construction | 1980 |
| Units | 22 |
| Transaction Date | 1993-12-20 |
| Transaction Price | $1,787,479 |
| Buyer | AMBERWOOD VILLA 17 LLC |
| Seller | PACIFIC AMBERWOOD VILLAS L P |
1900 W Acacia Ave Hemet Multifamily Investment
This 22-unit property built in 1980 sits in a neighborhood with strong rental demand, where 47% of housing units are renter-occupied according to CRE market data from WDSuite.
The property is located in an inner suburb neighborhood of Hemet that demonstrates solid fundamentals for rental housing demand. With 47% of housing units renter-occupied, the area ranks in the 86th percentile nationally for rental share, indicating a well-established tenant base. Median contract rent of $1,457 has grown 44% over five years, outpacing the broader regional trend.
Demographics within a 3-mile radius show a stable population of approximately 90,000 residents with projected growth to 111,000 by 2028. Household income growth of 39% over five years and forecasted median income increases to $81,667 support rental demand sustainability. The area maintains strong amenity access with 4.79 grocery stores per square mile, ranking in the 95th percentile nationally, and robust restaurant density at 16.29 per square mile.
Built in 1980, this property aligns with the neighborhood's average construction year of 1978, suggesting consistent building stock that may present value-add renovation opportunities for investors seeking to modernize units. The rent-to-income ratio of 0.37 indicates manageable affordability for tenants, though occupancy rates at 80.2% reflect some market softness that warrants attention to lease management and tenant retention strategies.
Safety metrics for this neighborhood show mixed performance compared to regional and national benchmarks. Property crime rates of 95.8 incidents per 100,000 residents place the area in the 67th percentile nationally, indicating below-average property crime relative to neighborhoods nationwide. However, violent crime rates remain low at 10.3 incidents per 100,000 residents, ranking in the 69th percentile nationally.
Crime trends require monitoring, as property offense rates increased 7.1% over the past year, while violent crime saw a more significant 180% increase, though from very low baseline levels. The overall crime rank of 575 among 997 metro neighborhoods suggests middle-tier performance within the Riverside-San Bernardino market, warranting standard due diligence on security measures and tenant screening protocols.
The regional employment base includes several major corporate employers within commuting distance, supporting workforce housing demand for the area.
- General Mills — food manufacturing (15.8 miles)
- Kinder Morgan — energy infrastructure (30.6 miles)
- Waste Management — waste services (36.5 miles)
- Gilead Sciences — biotechnology (40.9 miles)
- Mckesson Medical Surgical — healthcare distribution (41.9 miles)
This 22-unit property presents a value-oriented opportunity in a neighborhood with established rental demand fundamentals. The high rental share of 47% and strong amenity access support tenant retention, while commercial real estate analysis from WDSuite shows rent growth of 44% over five years outpacing regional trends. The 1980 construction vintage offers potential value-add upside through strategic renovations and unit improvements.
Population growth projections of 23% through 2028 and rising household incomes indicate strengthening demand drivers for multifamily housing. However, current neighborhood occupancy of 80.2% and recent crime trend increases require active management focus on tenant screening, retention strategies, and operational efficiency to optimize performance.
- Strong rental market with 47% of housing units renter-occupied, ranking 86th percentile nationally
- Rent growth of 44% over five years demonstrates pricing power potential
- Population growth forecast of 23% by 2028 supports expanding tenant base
- 1980 vintage offers value-add renovation opportunities for unit upgrades
- Risk consideration: Neighborhood occupancy at 80.2% requires active lease management