| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 41st | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5829 Riverside Dr, Chino, CA, 91710, US |
| Region / Metro | Chino |
| Year of Construction | 1983 |
| Units | 40 |
| Transaction Date | 2015-11-24 |
| Transaction Price | $6,500,000 |
| Buyer | PRESERVATION VISTA PARK CHINO II LP |
| Seller | PRESERVATION VISTA PARK CHINO LP |
5829 Riverside Dr, Chino CA — Multifamily with Stable Demand
Neighborhood occupancy is strong and rising, supporting steady leasing and retention according to WDSuite’s CRE market data, with the high-cost ownership landscape reinforcing renter reliance on multifamily.
Located in Chino within the Riverside–San Bernardino–Ontario metro, the neighborhood shows above-median occupancy performance among 997 metro neighborhoods and sits in the top decile nationally for occupied housing. These are neighborhood-level indicators of stability, not property-specific results, but they suggest support for steady tenancy and lower downtime relative to many U.S. locations.
The area’s renter-occupied share is roughly one-third of housing units, indicating a meaningful renter base while still drawing from a large pool of owner households for move-down or transitional demand. Median contract rents in the neighborhood track in the upper quartile nationally, while the rent-to-income ratio sits in a lower national decile, a combination that can support pricing power with moderated affordability pressure and help retention during renewals.
Within a 3-mile radius, demographic trends show population growth over the last five years and a notable increase in households, with forecasts pointing to further household gains and slightly smaller average household sizes. For investors, this points to a larger tenant base and continued renter pool expansion that can support occupancy stability and leasing velocity.
Local amenity density immediately around the block is limited, and average school ratings in the neighborhood are below national norms, which may temper appeal for some family renters. However, the submarket benefits from proximity to industrial and logistics employment nodes across the Inland Empire. The property’s 1983 vintage is somewhat newer than the neighborhood’s average 1976 construction year, implying better relative competitiveness versus older stock while still warranting capital planning for aging systems or select value-add upgrades.
Neighborhood safety indicators compare favorably in the metro and nationally. Overall crime ranks toward the safer end among 997 metro neighborhoods, and national comparisons place the area around the 70th percentile, signaling comparatively lower crime versus many U.S. neighborhoods.
Category trends are mixed: property offenses track in the top decile nationally for safety and have improved sharply year over year, while violent offense measures are in the top quartile nationally but have shown recent upward movement. For investors, this mix suggests generally supportive safety context with a need to monitor short-term violent crime trends at the neighborhood level.
Nearby corporate and logistics employers provide a diversified employment base that supports renter demand and commute convenience for residents, including Waste Management, Ryder Vehicle Sales, McKesson Medical Surgical, General Mills, and United Technologies.
- Waste Management — environmental services (1.2 miles)
- Ryder Vehicle Sales — transportation/logistics (3.3 miles)
- McKesson Medical Surgical — healthcare distribution (3.9 miles)
- General Mills — food manufacturing/distribution (8.3 miles)
- United Technologies — aerospace/industrial offices (12.8 miles)
5829 Riverside Dr is a 40-unit, 1983-vintage asset positioned in a neighborhood with metro-above occupancy and nationally strong stability signals. The surrounding ownership market is high-cost by national standards, which tends to sustain multifamily demand and deepen the renter pool, while neighborhood rent-to-income metrics indicate moderated affordability pressure that can aid lease retention. According to CRE market data from WDSuite, the neighborhood’s occupied housing share sits in the top decile nationally, reinforcing the case for consistent tenancy.
Within a 3-mile radius, recent and forecast gains in households indicate a growing addressable tenant base, and the 1983 vintage offers relative competitiveness versus older nearby stock along with potential value-add through targeted interior or system updates. Risks to underwrite include limited immediate amenity density, below-average school ratings, and mixed short-term safety trends despite favorable national comparisons.
- Occupancy context: top-decile neighborhood stability supports steady leasing and lower downtime risk.
- High-cost ownership market reinforces rental demand and pricing power potential.
- Expanding household counts within 3 miles grow the tenant base and support renewal performance.
- 1983 vintage offers competitive positioning with value-add and capital planning opportunities.
- Risks: limited nearby amenities, below-average school ratings, and recent uptick in violent offense metrics to monitor.