| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 3rd | Poor |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11610 Chamberlaine(crippen Way, Adelanto, CA, 92301, US |
| Region / Metro | Adelanto |
| Year of Construction | 1982 |
| Units | 38 |
| Transaction Date | 1999-09-07 |
| Transaction Price | $428,000 |
| Buyer | SWASSING JAMES |
| Seller | UNIVERSAL BANK FSB |
Adelanto, CA Multifamily Investment Near High Renter Demand
Neighborhood metrics point to a deep renter base and occupancy near national medians, according to CRE market data from WDSuite. Investors should evaluate tenant retention strategies alongside operational efficiencies to capture stable income in a renter-driven submarket.
The property sits in Adelanto within the Riverside–San Bernardino–Ontario metro, an inner-suburb setting with renter-driven dynamics. Neighborhood occupancy trends are around the national midrange, and renter concentration is notably high (measured at the neighborhood level), supporting a larger tenant pool and potential leasing stability for workforce-oriented units.
Amenities are mixed: cafes per square mile rank competitive nationally while parks, pharmacies, and childcare options are limited. Grocer access tracks above national midrange, but restaurants are sparse locally. For investors, this mix suggests demand supported by daily-needs retail with fewer lifestyle draws in the immediate area, placing a premium on on-site amenities and property management quality.
Home values in the neighborhood sit near national midrange, a sign of a more accessible ownership market relative to high-cost California coastal metros. That can temper pricing power but also broadens the resident pool seeking more attainable rental options; lease management should balance rent growth with retention to mitigate affordability pressure. The building’s 1982 vintage is newer than the neighborhood’s average housing stock from 1969, which can be a competitive advantage versus older assets while still warranting targeted system upgrades and cosmetic improvements to sharpen positioning.
Demographics aggregated within a 3-mile radius indicate recent population and household softness, but forecasts point to expansion in both households and incomes alongside a smaller average household size. This shift implies a larger tenant base and potential renter pool expansion over the next cycle, which, if realized, could support occupancy stability and measured rent growth based on CRE market data from WDSuite.
Safety indicators for the neighborhood are below national medians, with crime measures sitting in lower national percentiles compared with neighborhoods nationwide. Recent year-over-year estimates also show upward movement in both property and violent offense rates at the neighborhood level. Investors often underwrite to these conditions by planning appropriate site-level security, lighting, and community engagement to support resident comfort and retention.
Regional employment is diversified across energy infrastructure, food manufacturing, aerospace, and environmental services, providing a broad commuter base that can support renter demand and lease stability for workforce housing.
- Kinder Morgan — energy infrastructure (36.5 miles)
- General Mills — food manufacturing (39.5 miles)
- Lockheed Martin Aeronautics Co. — aerospace (40.2 miles)
- Waste Management - Palmdale — environmental services (42.1 miles)
- Waste Management — environmental services (43.3 miles)
This 38-unit multifamily asset in Adelanto is positioned within a renter-heavy neighborhood where occupancy sits near national norms and the renter-occupied share is elevated, supporting depth of tenant demand. The 1982 vintage is newer than much of the local housing stock, suggesting competitive positioning versus older assets with potential value-add through targeted renovations and system updates. According to CRE market data from WDSuite, neighborhood-level ownership costs are moderate relative to high-cost California markets, which can broaden the renter pool but may limit outsized pricing power, favoring steady, retention-focused revenue management.
Forward-looking neighborhood and 3-mile demographic indicators point to growth in households and incomes with smaller average household sizes, which could expand the renter pool and support occupancy stability over time. Offsetting considerations include below-median safety indicators and limited nearby amenities, making on-site experience, security planning, and operational execution key to performance.
- High neighborhood renter concentration supports a larger tenant base and leasing stability
- 1982 vintage offers value-add potential versus older local stock
- Household and income growth forecasts (3-mile radius) point to renter pool expansion
- Ownership costs near national midrange favor steady, retention-focused pricing
- Risks: below-median safety indicators and limited amenity density require proactive management