| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 58th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24740 Jefferson Ave, Murrieta, CA, 92562, US |
| Region / Metro | Murrieta |
| Year of Construction | 2004 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
24740 Jefferson Ave Murrieta Multifamily Investment
Neighborhood occupancy trends are in the national top tier and a majority renter-occupied housing base supports leasing stability, based on commercial real estate analysis from WDSuite’s CRE market data.
Positioned in Murrieta’s inner-suburban corridor, the property benefits from a neighborhood rated A and ranked within the top quartile among 997 metro neighborhoods. According to WDSuite’s CRE market data, neighborhood occupancy runs in the national top quintile, pointing to steady renter demand and fewer lease-up frictions for well-positioned assets.
Local livability supports retention: restaurants and cafes are dense relative to peers (both above national medians), and grocery access outperforms the national average. Public park and pharmacy density are limited, which may require operators to lean on on-site amenities and service convenience. Average school ratings sit slightly above the national midpoint, which can bolster appeal for households prioritizing education.
Tenure data indicates a majority of housing units in the neighborhood are renter-occupied, signaling a deep tenant base for multifamily. Within a 3-mile radius, recent growth in population and households — with projections calling for continued increases through 2028 — suggests a larger renter pool over time, supporting occupancy stability. Elevated home values relative to many U.S. neighborhoods reinforce reliance on rental housing, while rent-to-income levels warrant routine lease management to protect retention. These dynamics, together with the submarket’s competitive ranking, frame a pragmatic but positive outlook for multifamily property research.
Safety indicators are mixed but generally constructive for investors. Violent- and property-offense measures place the neighborhood in the higher national percentiles (i.e., stronger safety versus many U.S. neighborhoods), while the metro-relative crime rank (measured among 997 Riverside–San Bernardino–Ontario neighborhoods) indicates some pockets that merit monitoring. Recent declines in estimated property offenses further support a cautiously positive trend. Operators should align security standards with resident expectations and submarket norms.
Commuting access connects residents to a diversified employer base across consumer goods, life sciences, energy, homebuilding, and technology, supporting workforce housing demand and lease stability for nearby multifamily.
- General Mills — consumer goods offices (19.9 miles)
- Gilead Sciences — life sciences (24.8 miles)
- NRG Energy — energy (30.5 miles)
- Lennar Homes — homebuilding (30.7 miles)
- Western Digital — technology (37.2 miles) — HQ
This 64-unit asset is positioned in a neighborhood that ranks competitively within the Riverside–San Bernardino–Ontario metro and posts top-quintile national occupancy — a favorable backdrop for minimizing downtime and supporting pricing discipline. A majority renter-occupied housing mix indicates depth in the tenant base, while elevated home values versus many U.S. neighborhoods sustain renter reliance on multifamily. Within a 3-mile radius, population and household growth, with projections for further expansion through 2028, point to a gradually widening renter pool that can underpin leasing and renewals.
According to CRE market data from WDSuite, restaurants, cafes, and grocery access compare well nationally, aiding resident satisfaction and retention, though limited public park and pharmacy density warrants attention to on-site offerings. Affordability signals suggest some pressure on rent-to-income, so operators should emphasize renewals and targeted concessions where needed to protect occupancy.
- Top-quintile neighborhood occupancy supports leasing stability and pricing power
- Majority renter-occupied housing base indicates depth of demand for multifamily
- 3-mile growth and forecasts point to a larger tenant pool through 2028
- Strong restaurant/cafe/grocery density aids retention; limited parks/pharmacies require operational focus
- Risk: Rent-to-income pressure and mixed metro-relative safety warrant proactive lease and security management