| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 29th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1040 May Ln, Barstow, CA, 92311, US |
| Region / Metro | Barstow |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | 2016-05-03 |
| Transaction Price | $1,770,000 |
| Buyer | Yifei Wang |
| Seller | --- |
1040 May Ln Barstow Multifamily Investment
This 30-unit property built in 1986 operates in a neighborhood with 72.2% renter occupancy, ranking in the top quartile among 997 metro neighborhoods. Market fundamentals suggest sustained rental demand in this inner suburb location.
The property sits in an inner suburb neighborhood within the Riverside-San Bernardino-Ontario metro area, serving a population of approximately 22,700 residents within a 3-mile radius. With 72.2% of housing units occupied by renters, this neighborhood ranks in the top quartile nationally for rental tenure, indicating strong structural demand for multifamily housing.
Built in 1986, the property's vintage is newer than the neighborhood average construction year of 1961, potentially offering reduced near-term capital expenditure requirements compared to older area stock. Current median contract rents of $867 in the immediate neighborhood reflect affordability relative to higher-cost metro areas, while demographic projections show household income growth of 34.8% expected through 2028.
Neighborhood occupancy rates of 94.8% rank above the 70th percentile nationally, supporting lease-up stability. The area maintains adequate grocery access with 1.56 stores per square mile ranking in the 79th percentile nationally, while restaurant density provides moderate dining options at 2.35 establishments per square mile.
According to CRE market data from WDSuite, projected household growth of 50.4% through 2028 within the 3-mile radius could expand the local renter pool, potentially supporting sustained occupancy levels. However, lower educational attainment levels and modest household income levels may limit rent growth potential compared to higher-income submarkets.
The neighborhood demonstrates relatively favorable safety metrics compared to other areas in the Riverside-San Bernardino-Ontario metro. Property crime rates rank 124th among 997 metro neighborhoods, placing it in the 78th percentile nationally for property crime performance.
Violent crime rates show similar positioning at the 70th percentile nationally among metro neighborhoods. Recent trends indicate property crime declined 33.3% year-over-year, suggesting improving conditions. These safety metrics may support tenant retention and property appeal within the local rental market.
Employment data for specific anchor employers near this Barstow location is limited in available datasets. The broader San Bernardino County economy includes logistics, government services, and retail sectors that support regional workforce housing demand.
This 30-unit property offers exposure to a high-renter-occupancy neighborhood with 94.8% occupancy rates and projected household growth of 50.4% through 2028 within a 3-mile radius. The 1986 construction provides a newer vintage relative to the 1961 neighborhood average, potentially reducing immediate capital expenditure needs while maintaining competitive positioning.
Multifamily property research indicates the area's 72.2% renter tenure ranks in the top quartile nationally, supporting structural rental demand. Recent property crime improvements of 33.3% year-over-year and above-average grocery access may enhance tenant appeal and retention prospects.
- High renter occupancy neighborhood ranking top quartile nationally at 72.2%
- Projected 50.4% household growth through 2028 supporting renter pool expansion
- Newer 1986 vintage versus 1961 neighborhood average reducing near-term capital needs
- Neighborhood occupancy of 94.8% ranking 70th percentile nationally
- Risk: Lower educational attainment and modest incomes may constrain rent growth potential