| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 43rd | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 764 Pine Knot Blvd, Big Bear Lake, CA, 92315, US |
| Region / Metro | Big Bear Lake |
| Year of Construction | 1998 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
764 Pine Knot Blvd, Big Bear Lake CA Multifamily Investment
1998-vintage, 25-unit asset positioned in a high-cost ownership market where sustained renter demand supports stable operations, according to WDSuite’s CRE market data. Newer construction relative to local housing stock can enhance leasing competitiveness with thoughtful capital planning.
Livability and demand drivers in the immediate neighborhood are mixed but serviceable for multifamily. Neighborhood scoring sits near the metro middle (B-; rank 535 out of 997 Riverside–San Bernardino–Ontario neighborhoods), indicating balanced fundamentals without outsized volatility. Dining density is a clear positive, with restaurants measuring in the top decile nationally, while access to parks also benchmarks strongly. Grocery options are better than average for similarly sized areas, though cafes, childcare, and pharmacies are relatively sparse.
For investors, location amenities translate to day-to-day convenience and resident retention potential: parks and recreation (national ~92nd percentile for parks) and a strong dining cluster (national ~95th percentile for restaurants) help offset fewer specialty services. This combination can support leasing durability even as the submarket evolves, based on commercial real estate analysis from WDSuite.
Tenure signals suggest a small immediate renter base at the neighborhood level (renter-occupied share is low), which implies a thinner pool directly around the property. However, demographics aggregated within a 3-mile radius indicate a broader tenant catchment with an estimated 37% renter-occupied share, providing additional leasing depth beyond the block-level view. Framing demand at both scales supports a cautious but constructive outlook on absorption.
Ownership costs in the neighborhood benchmark high versus national peers (home values around the 79th percentile and a value-to-income ratio near the top nationally). In practice, a high-cost ownership market tends to reinforce reliance on multifamily housing, which can aid tenant retention and provide measured pricing power. Rent-to-income indicators appear moderate locally, suggesting room for disciplined revenue management without overextending affordability.
Vintage matters: the average neighborhood construction year trends older (around 1970), whereas the subject’s 1998 build is newer. That positioning can be a competitive advantage versus aging stock, while still warranting ongoing systems upkeep and selective modernization to sustain performance and reduce near-term capex surprises, based on WDSuite’s CRE market data.
Safety trends are mixed and should be viewed comparatively. Overall crime ranks around the metro middle (rank 534 out of 997 neighborhoods), which indicates conditions broadly in line with many Riverside–San Bernardino–Ontario sub-areas. Nationally, the neighborhood sits near the middle of peers on violent incidents, while property incidents benchmark weaker than average but are improving.
Property offense rates trend below the national median for safety (around the lower third by percentile), yet the most recent year shows a meaningful decline, placing the neighborhood above average nationally for improvement momentum. Violent offense levels sit close to national mid-range with relatively flat year-over-year change. Investors should underwrite with standard loss-prevention and security measures and monitor trend direction rather than single-year snapshots.
Regional employment access is supported by commutable corporate offices that can underpin renter demand and retention, notably Kinder Morgan and General Mills.
- Kinder Morgan — energy infrastructure (29.0 miles)
- General Mills — consumer packaged goods (32.8 miles)
- General Mills — consumer packaged goods (38.6 miles)
This 25-unit, 1998-built property offers a relative age advantage versus nearby housing stock, supporting competitive positioning while keeping capital needs manageable through targeted modernization. Amenities favor resident lifestyle — strong restaurant and park access — and high ownership costs in the area tend to sustain reliance on rentals. Demographics aggregated within a 3-mile radius point to a broader tenant pool than the immediate neighborhood, which can support occupancy stability.
According to CRE market data from WDSuite, neighborhood-level renter concentration is low, but the surrounding radius expands the addressable renter base. Home values benchmark high versus national peers, reinforcing the case for renting, while recent crime data show property offenses trending downward — factors that, together with prudent asset management, support a constructive long-term outlook.
- 1998 vintage is newer than local averages, offering competitive positioning with focused modernization rather than heavy redevelopment.
- High-cost ownership market supports renter reliance, aiding lease retention and measured pricing power.
- 3-mile demographics indicate a wider tenant base than the immediate neighborhood, supporting absorption and occupancy stability.
- Property offense trends show recent improvement; maintain standard security and risk controls in underwriting.
- Risk: low neighborhood renter-occupied share may limit walk-up demand; marketing should target the broader commuter and service workforce catchment.