| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 41st | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5951 Riverside Dr, Chino, CA, 91710, US |
| Region / Metro | Chino |
| Year of Construction | 1987 |
| Units | 80 |
| Transaction Date | 1996-11-19 |
| Transaction Price | $2,925,000 |
| Buyer | POTLOC II LP |
| Seller | GOODELL LINDA |
5951 Riverside Dr, Chino CA Multifamily Investment
Neighborhood occupancy is elevated with steady renter demand, according to WDSuite’s CRE market data, while high-cost ownership in San Bernardino County supports durable reliance on rental housing.
Positioned in Chino within the Riverside–San Bernardino–Ontario metro, the property benefits from neighborhood-level occupancy that ranks competitive among metro peers (179 of 997) and in the top quartile nationally (92nd percentile), per WDSuite’s CRE market data. For investors, this suggests a larger tenant base and support for leasing stability at the neighborhood level, though asset-specific performance will depend on operations and finish quality.
The 3-mile radius shows population and household growth alongside rising incomes, indicating a broadening renter pool and support for absorption. Median contract rents have trended upward over the past five years locally, and the neighborhood’s renter-occupied housing share (about 36% of units) signals a meaningful base of multifamily demand without being saturated. Elevated home values in the area (upper-national-percentile) generally reinforce renter reliance on multifamily, aiding retention and pricing power when units are well-positioned.
Vintage matters for competitive positioning: the asset’s 1987 construction is newer than the neighborhood average stock from the 1970s. That relative youth can reduce near-term obsolescence versus older comparables, while still warranting selective modernization (systems, exteriors, and interiors) to meet renter expectations and support rent premiums.
Local walkable amenities within the immediate neighborhood are limited in the dataset (very low counts for grocery, parks, cafes, and restaurants among 997 metro neighborhoods). Investors should underwrite to car-oriented living and emphasize on-site features, access, and operations. Average school ratings in the neighborhood track below national norms, which may temper appeal for some family renters; however, broader metro accessibility and stable occupancy trends continue to support multifamily demand.
Safety indicators at the neighborhood level compare favorably on property and violent offense rates relative to neighborhoods nationwide, according to WDSuite’s CRE market data. Property offense levels are in the higher national percentile ranges (stronger relative safety), and violent offense is also above national median safety levels.
Recent trends are mixed: estimated property offenses show a notable year-over-year decrease, while estimated violent offenses increased in the most recent reading. Investors should monitor trend direction and compare against city and metro benchmarks during due diligence rather than relying on block-level assumptions.
Nearby corporate operations provide a diversified employment base that supports renter demand and commute convenience, including waste services, logistics and vehicle sales, medical supply distribution, food manufacturing offices, and industrial/aerospace offices.
- Waste Management — waste services (1.2 miles)
- Ryder Vehicle Sales — logistics/vehicle sales (3.4 miles)
- Mckesson Medical Surgical — medical supply distribution (3.9 miles)
- General Mills — food manufacturing offices (8.1 miles)
- United Technologies — industrial/aerospace offices (13.0 miles)
This 80-unit 1987-vintage asset sits in a neighborhood with historically strong occupancy and rising renter demand supported by a high-cost ownership market. According to CRE market data from WDSuite, neighborhood occupancy trends are competitive within the metro and strong nationally, which can underpin leasing stability for well-operated assets. Within a 3-mile radius, population and household growth point to a larger tenant base, while increasing incomes support rent achievement when units are kept competitive.
Relative to older local stock, the 1987 construction can offer a competitive edge, with targeted upgrades providing value-add upside. Limited immediate-walkability and below-average school ratings should be considered in marketing and amenity programming, but diversified nearby employers and metro connectivity help sustain renter demand over the long term.
- Strong neighborhood occupancy supports leasing stability and retention
- High ownership costs reinforce multifamily demand and pricing power
- 1987 vintage offers competitive positioning with value-add potential
- Expanding 3-mile renter base and rising incomes support absorption
- Risks: limited walkable amenities and mixed safety trend require underwriting focus