| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 15th | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 87 E Jarvis St, Perris, CA, 92571, US |
| Region / Metro | Perris |
| Year of Construction | 2000 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
87 E Jarvis St Perris Multifamily Investment Outlook
Neighborhood occupancy trends and a high renter concentration point to steady leasing fundamentals, according to WDSuite’s CRE market data, while local amenity mix and schools warrant targeted asset management in this Inner Suburb.
This Inner Suburb location in Perris balances renter demand with day-to-day livability drivers that matter to workforce tenants. Neighborhood occupancy is competitive versus the metro and sits in the upper half of areas nationwide, signaling stable renewal potential rather than volatile lease-up risk, per commercial real estate analysis from WDSuite. Parks and restaurants index well against national peers (top quartile nationally), while cafes, groceries, and pharmacies are comparatively sparse, suggesting residents rely on a broader trade area for errands.
The neighborhood skews heavily renter-occupied relative to the Riverside–San Bernardino–Ontario metro (ranked near the top of metro neighborhoods for renter concentration). For investors, that depth of renter-occupied housing supports a consistent tenant pipeline. Within a 3-mile radius, demographics point to a growing renter pool: population expanded over the last five years, households rose at a faster clip, and projections call for further household growth alongside smaller average household sizes. These trends typically broaden the tenant base and can support occupancy stability.
Home values in the immediate area are elevated relative to local incomes (above the national median on value-to-income), which often sustains reliance on rental options and can aid pricing power for well-maintained assets. Median contract rents in the surrounding area have trended upward historically and are forecast to continue growing, reinforcing the case for income durability when paired with asset-specific renovations.
Schools in the neighborhood rate below average, which investors should factor into marketing and retention strategy. Vintage-wise, 87 E Jarvis St was built in 2000 versus a neighborhood average stock from the late 1970s, offering a relative competitive edge versus older properties; investors should still plan for system updates and cosmetic repositioning typical for assets of this era.
Neighborhood safety indicators sit below national medians overall, with the area ranking in the lower half among 997 metro neighborhoods. That said, recent data show year-over-year improvement in violent offense rates that is competitive versus many U.S. neighborhoods, indicating a favorable directional trend to monitor. Investors should underwrite with conservative assumptions while recognizing the potential for continued normalization if recent improvements persist.
Proximity to diversified employers supports workforce housing demand and commute convenience for residents, notably in food manufacturing, energy infrastructure, healthcare distribution, waste services, and technology hardware.
- General Mills — food manufacturing (3.9 miles)
- Kinder Morgan — energy infrastructure (20.2 miles)
- Mckesson Medical Surgical — healthcare distribution (28.3 miles)
- Waste Management — environmental & waste services (30.3 miles)
- Western Digital — technology hardware (36.4 miles) — HQ
Built in 2000 with 70 units, 87 E Jarvis St competes well against a neighborhood inventory that skews late-1970s. The vintage positions the asset to outperform older stock with targeted upgrades, while neighborhood occupancy remains above the metro median and in the upper half nationally, supporting cash flow stability. Within a 3-mile radius, population and household growth have been solid and are projected to continue, implying a larger tenant base and steadier absorption. Elevated ownership costs relative to incomes in the immediate area tend to sustain renter reliance on multifamily housing, and median rents have shown upward momentum, according to CRE market data from WDSuite.
Key underwriting considerations include a sparse nearby retail mix for daily needs, below-average school ratings, and safety indicators that trail national medians despite recent improvement. These factors argue for pragmatic capital planning: prioritize unit interiors and curb appeal to capture rent growth, while managing affordability pressure and renewal strategies to support retention.
- 2000 vintage vs. older neighborhood stock supports competitive positioning with targeted renovations
- Occupancy in the area tracks above metro median, aiding income durability
- 3-mile household and population growth expand the tenant base and support absorption
- Elevated ownership costs reinforce renter demand; rents show positive trajectory
- Risks: limited nearby daily retail, below-average schools, and safety metrics below national medians