| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 13th | Poor |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 81820 Shadow Palm Ave, Indio, CA, 92201, US |
| Region / Metro | Indio |
| Year of Construction | 1974 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
81820 Shadow Palm Ave Indio Multifamily Investment
This 112-unit property built in 1974 operates in a neighborhood with strong renter demographics, where 88th percentile rental share supports tenant demand. According to CRE market data from WDSuite, the area shows 60th percentile occupancy performance among 997 Riverside metro neighborhoods.
The Indio neighborhood presents a mixed investment profile with selective strengths for multifamily operators. Occupancy rates rank above metro median at 93.1%, indicating stable tenant retention within the 997 neighborhoods tracked across the Riverside-San Bernardino-Ontario metro. The area's 88th percentile rental share nationally demonstrates a strong renter base, with over half of housing units occupied by tenants rather than owners.
Demographic data aggregated within a 3-mile radius shows household growth of 8.9% over five years, expanding the local tenant pool. Projected household formation through 2028 indicates a 24.6% increase, supporting continued rental demand. However, the neighborhood ranks in the lower quartile nationally for income levels and educational attainment, which investors should consider for rent growth potential and tenant profile.
The property's 1974 construction year aligns closely with the neighborhood average of 1980, positioning the asset for targeted renovations and value-add strategies typical of this vintage. Median contract rents of $1,045 reflect affordability relative to the broader metro, though this may limit premium pricing power. Grocery access ranks in the top quartile nationally with 1.28 stores per square mile, supporting tenant convenience and retention.
Safety metrics present a competitive profile among Riverside metro neighborhoods. The area ranks 514th out of 997 neighborhoods for overall crime, placing it slightly above metro median and in the 47th percentile nationally. Property crime rates show improvement with a 32.6% year-over-year decline, ranking in the top quartile nationally for crime reduction trends.
Violent crime rates decreased 31.4% over the past year, demonstrating positive momentum in neighborhood security. While absolute crime levels remain elevated compared to suburban benchmarks, the improving trajectory suggests strengthening fundamentals that may support tenant retention and property values over time.
The employment base relies primarily on regional corporate offices within commuting distance of the property.
- Waste Management — corporate offices (7.3 miles)
This Indio multifamily asset offers value-oriented positioning with demographic tailwinds supporting rental demand. The neighborhood's 88th percentile rental share nationally indicates a tenant-focused housing market, while projected household growth of 24.6% through 2028 expands the renter pool. The property's 1974 vintage creates renovation upside potential, allowing investors to capture rent premiums through strategic capital improvements.
Occupancy fundamentals remain stable at 93.1%, ranking above metro median among 997 neighborhoods. However, income demographics in the lower quartile nationally may constrain rent growth velocity, requiring careful underwriting of operating assumptions and tenant profiles.
- Strong renter demographics with 88th percentile rental share supporting tenant demand
- Projected 24.6% household growth through 2028 expanding local tenant base
- 1974 construction vintage offers value-add renovation potential
- Stable 93.1% occupancy rates above metro median performance
- Risk: Lower quartile income demographics may limit rent growth potential