| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 24th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9760 Alder Ave, Bloomington, CA, 92316, US |
| Region / Metro | Bloomington |
| Year of Construction | 1990 |
| Units | 60 |
| Transaction Date | 2003-10-27 |
| Transaction Price | $4,500,000 |
| Buyer | BAGHDADY HANY H |
| Seller | EMPIRE INCOME GROUP LLC |
9760 Alder Ave Bloomington Workforce Multifamily Opportunity
Neighborhood occupancy is elevated and renter demand appears durable relative to the metro, according to WDSuite’s CRE market data. This positions the area for steady leasing performance at 9760 Alder Ave while investors monitor broader Inland Empire trends.
Bloomington sits in the Inland Empire’s inner suburbs, drawing steady renter demand from regional logistics and service employment. Neighborhood occupancy is above the national median (72nd percentile), and renter-occupied housing accounts for roughly half of units (high nationally at the 89th percentile), signaling a deep tenant base rather than owner-weighted turnover risk. These metrics reflect neighborhood conditions, not the property’s individual performance.
Daily-needs retail is a relative strength: grocery access ranks in the top national percentiles (98th), with pharmacies also strong (93rd). Dining density is competitive (91st percentile for restaurants). By contrast, park and café density are limited, which may reduce lifestyle appeal but tends to focus demand around practical, commute-oriented renters.
Within a 3-mile radius, population has expanded modestly in recent years with further population growth projected, while household counts are set to rise faster than headcount, implying smaller average household sizes and a larger renter pool. Median contract rents in the neighborhood sit around the 70th national percentile, and the rent-to-income ratio near 0.21 indicates manageable affordability pressure that can support retention and measured rent growth for professionally managed assets.
Relative to the metro’s housing stock, the neighborhood’s average construction year skews older (1971), which can make 1990-vintage assets comparatively competitive on systems and layouts after targeted updates. Home values trend below national medians (24th percentile), a high-cost ownership market is not the story here; instead, more accessible ownership options may create some competition at the margin, but the strong renter concentration and occupancy suggest stable multifamily demand.
Safety indicators for the neighborhood are near the national midpoint overall (crime around the mid-40s national percentiles), placing it roughly in the middle of the pack among 997 Riverside–San Bernardino–Ontario metro neighborhoods. Recent trends show property offenses declining by about 8.9% year over year, while violent offense estimates have edged higher, so investors should underwrite with standard operating procedures for security and lighting and evaluate property-level controls rather than relying solely on area averages.
Nearby employers support a broad workforce renter base and commute convenience, with energy infrastructure, food manufacturing, waste services, healthcare distribution, and transportation sales represented below. This employment mix can help underpin leasing stability for workforce-oriented units.
- Kinder Morgan — energy infrastructure (3.2 miles)
- General Mills — food manufacturing offices (7.5 miles)
- Waste Management — waste services (16.1 miles)
- Mckesson Medical Surgical — healthcare distribution (16.5 miles)
- Ryder Vehicle Sales — transportation sales (18.5 miles)
The 60-unit property at 9760 Alder Ave benefits from a renter-leaning neighborhood with above-median occupancy and solid daily-needs retail access, supporting consistent leasing. Built in 1990—newer than the area’s 1970s-weighted stock—the asset can compete well against older comparables while investors plan for mid-life system updates or selective value-add to drive rent positioning. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends sit above national midpoints, reinforcing an underwriting case for stable collections rather than outsized lease-up assumptions.
Demand fundamentals are further supported by 3-mile demographics: population growth is modest while households are expanding faster, which typically enlarges the renter pool and supports occupancy stability. Neighborhood rent levels are around the 70th national percentile with a rent-to-income ratio near 0.21, suggesting manageable affordability pressure that can aid retention, though competition from relatively accessible ownership options should be considered in pricing strategy.
- Renter-occupied share is high nationally, supporting a deep tenant base and steady absorption.
- Neighborhood occupancy sits above national medians, aiding collections stability.
- 1990 vintage offers competitive positioning versus older local stock; targeted updates can unlock value-add.
- Strong grocery/pharmacy access supports livability for workforce renters and retention.
- Risks: limited parks/cafés, mid-pack safety metrics, and potential competition from accessible ownership options.