| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 24th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17623 Marygold Ave, Bloomington, CA, 92316, US |
| Region / Metro | Bloomington |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17623 Marygold Ave Bloomington 24-Unit Multifamily
Neighborhood occupancy is above the metro median, supporting steady renter demand, according to WDSuite’s CRE market data. These metrics reflect neighborhood conditions rather than performance at the property level.
Positioned in Bloomington’s inner-suburban fabric of the Riverside–San Bernardino–Ontario metro, the property benefits from a renter base that is competitive among metro neighborhoods (renter-occupied share ranks within the stronger tier locally out of 997). That depth helps underpin leasing and retention for workforce-oriented product, while neighborhood occupancy trends sit above the metro median, indicating stable demand at the area level.
Daily-needs access is a relative strength: grocery and pharmacy availability ranks in the top decile nationally, while restaurant density is also high. By contrast, park and café options are limited, so lifestyle amenities skew practical rather than leisure-oriented—an important consideration for marketing and tenant mix.
Within a 3-mile radius, population and households have expanded and are projected to continue growing over the next five years, pointing to a larger tenant base and potential renter pool expansion. Median household incomes have risen meaningfully, and neighborhood rent levels have trended upward in recent years; together with a rent-to-income profile around the national middle, this suggests manageable affordability pressure that can support lease stability and measured pricing power.
From a metro and national lens, the neighborhood’s overall rating (C+) and mid-pack housing metrics indicate performance near broader benchmarks. For investors, that mix—balanced renter concentration, above-median occupancy, and strong daily-needs retail—supports durable demand, with the main trade-off being fewer discretionary amenities nearby.
Safety indicators trend around the metro middle, with the neighborhood ranked 581 out of 997 metro neighborhoods for overall crime—roughly in line with broader area conditions. Nationally, results are near the midpoint as well.
Recent year-over-year patterns are mixed: property-related incidents have eased, while estimated violent offense rates increased. Investors should consider standard security practices and lighting improvements, and monitor local trendlines as part of ongoing asset management, rather than relying on block-level assumptions.
Proximity to regional distribution and corporate operations supports workforce housing demand and commute convenience for residents, anchored by Kinder Morgan, General Mills, Waste Management, McKesson Medical-Surgical, and Ryder Vehicle Sales.
- Kinder Morgan — energy infrastructure (3.1 miles)
- General Mills — food manufacturing/distribution (7.4 miles)
- Waste Management — environmental services (16.0 miles)
- Mckesson Medical Surgical — medical supply distribution (16.4 miles)
- Ryder Vehicle Sales — transportation/logistics services (18.4 miles)
This 24-unit asset aligns with neighborhood fundamentals that support stable multifamily operations: renter-occupied share is competitive within the metro, and neighborhood occupancy trends sit above the metro median. Strong daily-needs access (notably groceries and pharmacies) reinforces convenience, while limited parks and cafés mean resident appeal is driven more by practicality than leisure. Within a 3-mile radius, population and households are projected to increase over the next five years, expanding the tenant base and supporting occupancy stability and leasing velocity.
From an underwriting perspective, a rent-to-income profile near the national middle suggests manageable affordability pressure and scope for disciplined rent management as renewals cycle, based on commercial real estate analysis from WDSuite. Operating performance indicators track close to national medians, pointing to steady—not speculative—expectations, with attention warranted on amenity-light positioning and mixed safety trendlines.
- Above-metro neighborhood occupancy supports lease stability and renewal capture
- Competitive renter concentration in the submarket deepens the tenant pool
- Strong grocery/pharmacy access underpins daily-needs convenience for residents
- 3-mile household growth outlook supports demand and measured pricing power
- Risks: fewer leisure amenities nearby and mixed safety trends require active management