| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 14th | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 23967 Eucalyptus Ave, Moreno Valley, CA, 92553, US |
| Region / Metro | Moreno Valley |
| Year of Construction | 1986 |
| Units | 96 |
| Transaction Date | 2013-08-01 |
| Transaction Price | $9,700,000 |
| Buyer | Alpha Property Investments |
| Seller | MV North Woods Partners, LLC |
23967 Eucalyptus Ave Moreno Valley Multifamily Investment
Neighborhood occupancy trends indicate durable renter demand around the asset, according to WDSuite’s CRE market data, supporting stable tenancy for well-managed units. Focused operational execution should capture this stability while monitoring affordability and retention.
Located in Moreno Valley s inner suburb of the Riverside San Bernardino Ontario metro, the property sits in a neighborhood rated B- that is competitive among 997 metro neighborhoods on occupancy. Neighborhood occupancy is high and has trended upward over the past five years, a favorable backdrop for lease stability and renewal capture.
Daily needs are generally accessible: neighborhood grocery presence tracks above national norms, while restaurants are comparatively dense (nationally strong), though cafes, parks, and pharmacies are limited locally. For family renters, average school ratings in the neighborhood skew toward the lower end versus national peers, but the area shows a notably high concentration of childcare centers a mix that can still sustain workforce housing demand.
Renter-occupied housing accounts for a meaningful share of neighborhood units, indicating depth in the tenant base without overwhelming exposure to turnover. Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, pointing to a larger tenant pool and support for occupancy. Median home values in the neighborhood sit on the higher side relative to incomes, which tends to reinforce reliance on multifamily rentals and can aid lease retention and pricing power when paired with disciplined renewal management.
The asset s 1986 vintage is slightly older than the neighborhood s average construction year, suggesting practical value-add or selective CapEx opportunities (interiors, common areas, and systems) to enhance competitiveness against newer stock while maintaining operational resilience.
Safety conditions compare below the national median for neighborhoods, with property-related offenses elevated relative to nationwide benchmarks. That said, recent trends show a modest improvement in violent incidents year over year, which investors can incorporate into underwriting as a directional but not definitive signal.
From an operations standpoint, budgeting for on-site security measures, lighting, access controls, and resident engagement can help support retention and protect common areas. Investors should benchmark performance against submarket peers rather than block-level anecdotes and track trendlines over multiple periods.
The surrounding Inland Empire employment base offers a mix of logistics, energy infrastructure, and healthcare distribution that supports workforce renter demand and commute convenience. Nearby employers include General Mills, Kinder Morgan, McKesson Medical Surgical, Waste Management, and Ryder Vehicle Sales.
- General Mills consumer packaged goods offices (5.8 miles)
- Kinder Morgan energy infrastructure offices (11.3 miles)
- McKesson Medical Surgical healthcare distribution (24.7 miles)
- Waste Management environmental services (25.8 miles)
- Ryder Vehicle Sales transportation & logistics (28.8 miles)
This 96-unit, 1986-vintage property in Moreno Valley benefits from a neighborhood with consistently high occupancy and a renter base supported by a growing three-mile population and household count. Elevated ownership costs locally tend to sustain multifamily demand, while selective renovations can position the asset competitively versus newer stock.
Based on commercial real estate analysis from WDSuite, neighborhood occupancy is strong relative to metro peers, restaurants and grocery access are favorable for daily living, and renter concentration provides depth to the tenant pool. The key underwriting watch items are affordability pressure (rents versus incomes), below-median school ratings for family households, and prudent security planning.
- High neighborhood occupancy supports renewal capture and lease stability
- 3-mile population and household growth expand the tenant pool
- Elevated home values versus incomes reinforce reliance on rentals
- 1986 vintage offers value-add and selective CapEx upside
- Risks: affordability pressure, lower school ratings, and security costs