| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 26th | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1843 S Santa Fe Ave, San Jacinto, CA, 92583, US |
| Region / Metro | San Jacinto |
| Year of Construction | 2011 |
| Units | 20 |
| Transaction Date | 2010-09-20 |
| Transaction Price | $2,022,596 |
| Buyer | 1881 SANTA FE PALMS LLC |
| Seller | SANTA FE PALMS II LLC |
1843 S Santa Fe Ave San Jacinto Multifamily Investment
This 20-unit property built in 2011 benefits from strong neighborhood occupancy rates at 97%, well above national averages according to CRE market data from WDSuite.
San Jacinto's Inner Suburb neighborhood demonstrates solid fundamentals for multifamily investors, with occupancy rates reaching 97% and ranking in the 83rd percentile nationally among 997 metro neighborhoods. The area maintains a balanced housing tenure mix, with 53% of units occupied by renters, supporting consistent rental demand in the Riverside-San Bernardino-Ontario metro.
Built in 2011, this property represents newer construction compared to the neighborhood average of 1979, positioning it competitively for reduced near-term maintenance needs and stronger tenant appeal. Demographics within a 3-mile radius show a population of approximately 102,000 residents with projected growth to 117,000 by 2028, supporting expansion of the renter pool and sustained occupancy fundamentals.
The neighborhood's median contract rent of $930 reflects affordable housing costs relative to the broader metro, while household incomes are projected to increase from $55,716 to $88,367 over the next five years. This income growth trajectory, combined with median home values of $169,109, sustains rental demand as elevated ownership costs limit accessibility to homeownership for many households.
Local amenities include above-average restaurant density at 2.77 per square mile and pharmacy access at 1.11 per square mile, both ranking in upper percentiles nationally. However, the area shows limited childcare and park facilities, which investors should consider for family-oriented tenant retention strategies.
Safety metrics present mixed indicators for this San Jacinto neighborhood. Property crime rates of 3,237 per 100,000 residents rank in the lower percentiles nationally, though recent trends show a 16% year-over-year decline. Violent crime rates at 224 per 100,000 residents also rank below national medians among the 997 metro neighborhoods.
While crime statistics suggest areas for improvement, investors should note that safety perceptions can vary significantly within neighborhoods, and the declining property crime trend indicates potential stabilization. Due diligence should include recent local crime mapping and consultation with area property managers regarding tenant experiences and retention patterns.
The San Jacinto area benefits from proximity to several major corporate employers within commuting distance, supporting workforce housing demand for professional tenants.
- General Mills — food manufacturing (16.7 miles)
- Kinder Morgan — energy infrastructure (30.8 miles)
- Waste Management — environmental services (34.8 miles)
- McKesson Medical Surgical — healthcare distribution (43.0 miles)
- Gilead Sciences — biotechnology (43.1 miles)
This 20-unit San Jacinto property offers investors exposure to a stabilizing Inner Suburb market with demonstrated occupancy strength. The 2011 construction year positions the asset favorably relative to the neighborhood's 1979 average vintage, reducing near-term capital expenditure requirements while maintaining competitive appeal. Neighborhood-level occupancy at 97% significantly exceeds national benchmarks, supported by a substantial renter base comprising 53% of local housing units.
Demographic projections within a 3-mile radius indicate population growth from 102,000 to 117,000 residents by 2028, with household income increases from $55,716 to $88,367 supporting rent growth potential. The area's median home values of $169,109 sustain rental demand by limiting ownership accessibility, while proximity to major employers including General Mills and Kinder Morgan provides workforce housing opportunities.
- Strong occupancy fundamentals at 97% neighborhood rate, ranking 83rd percentile nationally
- 2011 vintage provides competitive positioning with reduced maintenance compared to 1979 area average
- Population growth projections support expanding renter pool through 2028
- Projected household income growth from $55,716 to $88,367 supports rent escalation potential
- Crime rates present management considerations requiring active tenant screening and property security measures