| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 20th | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 832 S D St, Perris, CA, 92570, US |
| Region / Metro | Perris |
| Year of Construction | 2012 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
832 S D St Perris Multifamily Investment Opportunity
Neighborhood renter demand is durable, with occupancy and a high renter-occupied share indicating a broad tenant base, according to WDSuite’s CRE market data. Positioned in Perris, the asset benefits from local service amenities and a high-cost ownership market that can support leasing stability.
The Perris address sits in an Inner Suburb pocket that is competitive among Riverside-San Bernardino-Ontario neighborhoods (ranked 349 of 997). Local amenity access is a relative strength: grocery and restaurant density place the area in the top quartile nationally, supporting day-to-day convenience for renters and helping leasing and retention.
The neighborhood’s housing stock skews older (average vintage 1976), while the subject was built in 2012. Newer construction can be competitively positioned versus legacy inventory, though investors should budget for routine system updates and potential repositioning to align with current renter preferences.
Renter concentration at the neighborhood level is high (above the national 90th percentile), which points to a deep pool of renter-occupied units and supports multifamily demand. Nearby home values are elevated versus national norms, which tends to reinforce reliance on rental options and can aid pricing power and lease retention in professionally managed product.
Within a 3-mile radius, demographics show population growth over the last five years, a rising household count, and projections for further gains by 2028. Forecasts also indicate smaller average household sizes, which can expand the renter pool and support occupancy stability for mid-size assets. Median incomes have been improving, and local rent levels (and projected rent growth) appear consistent with sustained demand, based on CRE market data from WDSuite.
School ratings in the neighborhood benchmark below national medians, which may matter for family-oriented leasing strategies, and childcare access is limited. Even so, everyday amenities and park/pharmacy access score above national medians, which supports overall livability for a broad renter profile.
Safety indicators are mixed and should be monitored in underwriting. Relative to the 997 neighborhoods in the Riverside-San Bernardino-Ontario metro, this area trends below the metro median on crime. Nationally, the neighborhood sits below the median as well, but both violent and property offense estimates show year-over-year improvement.
Property offenses have declined over the past year and violent offense estimates have eased, placing recent trend performance above many peers nationally on improvement momentum. Investors may consider practical measures (access control, lighting, partnerships with local safety programs) to support resident comfort and retention without over-relying on neighborhood-wide shifts.
The area’s employment base blends manufacturing, energy infrastructure, healthcare distribution, homebuilding, and tech hardware—employers that can support workforce housing demand and commuting convenience for renters at this location. The list below highlights nearby anchors referenced in this analysis.
- General Mills — consumer packaged goods (4.8 miles)
- Kinder Morgan — energy infrastructure (20.9 miles)
- McKesson Medical Surgical — medical supplies distribution (28.5 miles)
- Lennar Homes — homebuilding (30.1 miles)
- Western Digital — data storage (35.9 miles) — HQ
Built in 2012 with 60 units, the property offers newer-vintage positioning relative to an area where much of the stock dates to the 1970s—an edge for leasing competitiveness while still allowing for targeted value-add and modernization. Neighborhood fundamentals show a high share of renter-occupied units and strong daily-need amenities, while a high-cost ownership market supports renter reliance and potential pricing power. Within a 3-mile radius, population growth, rising household counts, and forecasts for additional gains point to a larger tenant base and support for occupancy stability.
According to CRE market data from WDSuite, amenity access is top quartile nationally and neighborhood rents track with household incomes, suggesting manageable affordability pressure for sustained demand. Key considerations include below-median school metrics and safety indicators that trail metro medians, which call for calibrated underwriting and asset management strategies.
- Newer 2012 vintage competing well against older neighborhood stock, with selective value-add upside
- High renter-occupied share and elevated ownership costs support multifamily demand depth and lease retention
- Strong daily-need amenities (grocery, restaurants, parks/pharmacies) bolster livability and leasing
- 3-mile population and household growth, with smaller household sizes, expands the renter pool
- Risks: below-median school and safety benchmarks; plan for prudent operations and resident experience initiatives