| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Fair |
| Demographics | 21st | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25525 New Chicago Ave, Hemet, CA, 92544, US |
| Region / Metro | Hemet |
| Year of Construction | 1979 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25525 New Chicago Ave Hemet Multifamily Investment Opportunity
Neighborhood occupancy has held firm, suggesting steady renter demand for well-managed assets, according to WDSuite’s CRE market data. For investors, this points to stable operations if underwriting aligns with submarket rent levels and typical lease-up cadence.
Located in Hemet’s inner-suburban fabric of the Riverside–San Bernardino–Ontario metro, the neighborhood carries a C+ rating and performs above the metro median on occupancy (ranked 432 out of 997 neighborhoods). That positioning supports baseline leasing stability versus many peer submarkets, per commercial real estate analysis from WDSuite.
Daily-needs access is a relative strength: grocery and pharmacy coverage sits in the top quartile nationally, while sit-down cafés and parks are limited. For workforce-oriented assets, this mix typically supports retention even if lifestyle amenities are thinner than core infill locations.
Renter-occupied housing accounts for roughly one-quarter of local units, indicating a smaller but durable tenant pool compared with more urban districts. Median contract rents are consistent with the area’s income profile, which helps mitigate affordability pressure and can support steady renewal rates when paired with measured rent steps.
Within a 3-mile radius, population and household counts have expanded in recent years and are projected to continue growing through the next planning period, increasing the local renter pool. Home values are elevated relative to incomes by regional standards, which tends to sustain reliance on rental options and supports pricing power for well-positioned multifamily properties.
Safety outcomes are mixed relative to broader benchmarks. The neighborhood’s safety rank sits below the metro median (572 out of 997), and national comparisons place it below average; however, recent trend data indicates year-over-year declines in both property and violent offenses, suggesting gradual improvement. Investors should incorporate prudent security and lighting plans into capex and operations to maintain leasing confidence.
Regional employment access is anchored by corporate offices within commuting range, supporting workforce housing demand and lease retention for residents working at General Mills, Waste Management, Kinder Morgan, and Gilead Sciences.
- General Mills — corporate offices (20.2 miles)
- Waste Management — corporate offices (31.5 miles)
- Kinder Morgan — energy infrastructure offices (34.0 miles)
- General Mills — corporate offices (40.7 miles)
- Gilead Sciences — biotech offices (43.7 miles)
25525 New Chicago Ave is a 21-unit asset built in 1979, slightly older than the neighborhood average stock. For investors, that vintage can translate into clear value-add levers—interior modernization, common-area upgrades, and targeted system replacements—paired with disciplined capital planning to preserve operating margins. Neighborhood occupancy trends are above the metro median, and a renter base supported by steady household growth within 3 miles underpins leasing durability.
Ownership costs in the area are comparatively high relative to incomes, reinforcing reliance on rental housing and supporting rent integrity for competitive product. According to CRE market data from WDSuite, daily-needs amenities (groceries, pharmacies) compare well nationally, offsetting thinner café and park density, while recent safety trends are improving from a below-metro-median baseline—factors to reflect in underwriting and asset management.
- Above-metro-median neighborhood occupancy supports baseline stability and renewal potential.
- 1979 vintage offers tangible value-add upside via renovations and system updates.
- Within 3 miles, growing population and households expand the tenant base and support lease-up.
- Elevated ownership costs in the area reinforce sustained rental demand and pricing power.
- Risks: below-metro-median safety ranks and limited lifestyle amenities; mitigate via security, targeted capex, and competitive finishes.