| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 9th | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11252 Lee Ave, Adelanto, CA, 92301, US |
| Region / Metro | Adelanto |
| Year of Construction | 2004 |
| Units | 80 |
| Transaction Date | 2002-10-10 |
| Transaction Price | $800,000 |
| Buyer | ADELANTO DEVELOPMENT PARTNERS LP |
| Seller | DESERT SAGE PROPERTIES LLC |
11252 Lee Ave Adelanto 80-Unit Multifamily Investment
Built in 2004, this property sits in a neighborhood with 95th percentile rental share among metro areas, indicating strong tenant demand fundamentals according to CRE market data from WDSuite.
This Adelanto neighborhood demonstrates strong rental market fundamentals, with 63.6% of housing units occupied by renters—ranking in the 95th percentile nationally. The high rental share reflects established tenant demand in this suburban market within the Riverside-San Bernardino-Ontario metro. Demographics within a 3-mile radius show a stable population base of approximately 12,700 residents, with household growth projected through 2028.
The property's 2004 construction year positions it as newer than the neighborhood average of 1973, potentially reducing near-term capital expenditure requirements compared to older stock. Median contract rents of $926 provide affordable housing options that support occupancy stability, while the neighborhood's 88.9% occupancy rate reflects typical market conditions for the region.
Demographic projections indicate household growth within the 3-mile radius, with forecasted increases in both total households and renter-occupied units through 2028. This expansion of the renter pool supports long-term tenant demand. The area maintains moderate amenity density with grocery stores and restaurants, though park access ranks lower among metro neighborhoods.
Property crime rates in this neighborhood rank 812th among 997 metro neighborhoods, indicating higher crime levels relative to the region. However, recent trends show improvement, with property offense rates declining 12.2% year-over-year. Violent crime rates also decreased 19.3% annually, suggesting positive directional movement in neighborhood safety metrics.
While current crime statistics rank below metro averages, the improving trends may indicate stabilizing conditions. Investors should factor security considerations into property management and tenant retention strategies, while monitoring whether the positive directional changes continue.
The regional employment base includes several major corporate offices within commuting distance, supporting workforce housing demand for the broader Inland Empire market.
- Kinder Morgan — energy infrastructure (36.3 miles)
- General Mills — food manufacturing (39.1 miles)
- Lockheed Martin Aeronautics Co. — defense & aerospace (39.7 miles)
- Waste Management - Palmdale — environmental services (41.6 miles)
This 80-unit property benefits from established rental market dynamics, with the neighborhood's 95th percentile rental share nationally indicating strong tenant demand fundamentals. The 2004 construction vintage provides a competitive advantage over the neighborhood's 1973 average building age, potentially reducing near-term maintenance requirements. Demographic projections show household growth within the 3-mile radius through 2028, expanding the potential renter pool and supporting long-term occupancy stability.
Commercial real estate analysis from WDSuite indicates the property sits in a market with moderate rent levels and established rental tenure patterns. While crime metrics currently rank below regional averages, recent year-over-year improvements in both property and violent crime rates suggest stabilizing neighborhood conditions that warrant monitoring.
- High rental share (95th percentile nationally) supports tenant demand
- 2004 construction reduces near-term capital expenditure needs
- Projected household growth expands renter pool through 2028
- Moderate rent levels support occupancy stability and renewals
- Risk: Crime metrics rank below regional averages, requiring security considerations