| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 37th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22717 Bay Ave, Moreno Valley, CA, 92553, US |
| Region / Metro | Moreno Valley |
| Year of Construction | 2007 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
22717 Bay Ave, Moreno Valley CA Multifamily Investment
Neighborhood data points to a deep renter base and high-cost ownership market that can sustain demand, according to WDSuite’s CRE market data. Expect steady renter interest driven by elevated home values in the area rather than property-specific factors.
The property sits in a suburban pocket of Moreno Valley that is competitive among Riverside–San Bernardino–Ontario neighborhoods (rank 320 out of 997). Local amenities are mixed: groceries and dining options are present at moderate levels, while childcare and pharmacies are limited nearby. School ratings are not available in the dataset, so investors should underwrite education preferences with local due diligence rather than assumptions.
The neighborhood 2007 construction year average is 1991, and this asset built in 2007 is newer than much of the surrounding stock. That positioning can support leasing against older comparables, though mid-life system updates and common-area modernization may still be prudent in capital plans.
Neighborhood renter concentration is high (measured as the share of housing units that are renter-occupied), indicating a broad tenant pool for multifamily. Median contract rents in the neighborhood have risen over the past five years, and the rent-to-income profile suggests some affordability pressure, which calls for disciplined lease management and renewal strategies.
Within a 3-mile radius, population and households have grown and are projected to continue increasing, with average household size gradually trending lower. This points to a larger tenant base and ongoing demand for rental units. Elevated home values (top decile nationally) indicate a high-cost ownership market that tends to reinforce renter reliance on multifamily housing and can support pricing power when operations are well-managed.
Safety indicators for the neighborhood sit below the national median (about the 41st percentile nationwide) and trend in the middle tier locally (rank 649 out of 997 among metro neighborhoods). Recent data shows year-over-year declines in both property and violent offenses, which is a constructive direction, but investors should still benchmark security measures and operating practices against peer assets in similar submarkets.
Use comparative comps from the Riverside–San Bernardino–Ontario metro to calibrate underwriting assumptions, and consider how onsite visibility, lighting, and resident engagement programs can support retention and leasing in an area that is improving but not top quartile nationally.
Nearby employment spans food manufacturing, energy infrastructure, healthcare distribution, and environmental services, supporting a diverse renter base and commute-friendly housing demand. The employers below represent realistic commute sheds for residents.
- General Mills — food manufacturing (5.3 miles)
- Kinder Morgan — energy infrastructure (11.2 miles)
- Mckesson Medical Surgical — healthcare distribution (23.5 miles)
- Waste Management — environmental services (24.8 miles)
Built in 2007 with 61 units, 22717 Bay Ave offers relatively newer-vintage positioning versus much of the local stock, which can enhance competitiveness against older assets while leaving room for targeted value-add through systems refresh and common-area upgrades. Elevated neighborhood home values and a high share of renter-occupied housing units point to a deep tenant base and resilient multifamily demand. Based on CRE market data from WDSuite, the surrounding area shows moderate amenity access and improving crime trends; underwriting should balance demand depth with prudent operating assumptions.
Within a 3-mile radius, past and projected gains in population and households indicate continued renter pool expansion, while gradually smaller household sizes may support sustained absorption of multifamily units. Affordability pressure implied by rent-to-income ratios suggests careful lease management and renewal strategies, but also supports retention where well-executed community operations and value-focused unit finishes are provided.
- Newer 2007 vintage relative to neighborhood average, with value-add potential via targeted modernization
- Deep renter base and high-cost ownership market support ongoing multifamily demand
- 3-mile demographics show population and household growth, expanding the tenant pool
- Amenity access is moderate; childcare and pharmacies are thinner locally—plan accordingly for resident services
- Risks: neighborhood safety is below national median and occupancy trends are mixed; emphasize security, leasing discipline, and renewal management