| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 41st | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1043 Santo Antonio Dr, Colton, CA, 92324, US |
| Region / Metro | Colton |
| Year of Construction | 1980 |
| Units | 108 |
| Transaction Date | 1996-06-13 |
| Transaction Price | $5,100,000 |
| Buyer | CASA MEDITERRANIA LLC |
| Seller | HACIENDA INVESTMENT LTD |
1043 Santo Antonio Dr Colton Multifamily Investment
This 108-unit property in Colton's inner suburb neighborhood benefits from strong rental demand, with 97th percentile renter occupancy share nationwide. The neighborhood-level occupancy rate of 90.1% demonstrates solid fundamentals in the Riverside-San Bernardino-Ontario metro, according to WDSuite's CRE market data.
Colton's inner suburb character positions this neighborhood competitively among 997 metro neighborhoods, ranking in the top third overall with a B+ rating. The area demonstrates solid amenity access with grocery stores and restaurants ranking in the 87th percentile nationally, while pharmacy density reaches the 85th percentile, supporting tenant retention through convenient daily needs access.
Built in 1980, this property predates the neighborhood's average construction year of 1991, positioning the asset for targeted renovations and value-add opportunities. The neighborhood's rental market shows stability with a 90.1% occupancy rate and median contract rents of $1,360, reflecting competitive pricing within the broader metro context.
Demographics within a 3-mile radius show a population of approximately 68,700 with modest growth projected through 2028. Household income trends are positive, with median income rising 45% over five years to $75,582, while forecast data suggests continued income growth to $105,502 by 2028. The renter pool expansion supports multifamily demand, with 47.7% of housing units occupied by renters and projected household growth of 44% over the next five years.
The neighborhood's median home value of $216,811 remains attainable relative to rising incomes, though this may create some rental competition as ownership becomes accessible. However, the strong renter share and projected rent growth to $2,248 by 2028 indicates continued rental demand fundamentals.
The neighborhood demonstrates favorable safety metrics, ranking 75th out of 997 metro neighborhoods for overall crime, placing it in the top quartile locally. This translates to the 72nd percentile nationally for safety, indicating above-average conditions compared to neighborhoods nationwide.
Property crime trends show improvement, with rates declining 43% year-over-year, ranking in the 84th percentile nationally for crime reduction. Violent crime rates also decreased 18% annually, contributing to the neighborhood's competitive safety profile within the Riverside-San Bernardino-Ontario metro area.
The employment base centers on corporate offices and industrial operations, providing workforce housing demand from nearby energy, food processing, and distribution sectors.
- Kinder Morgan — energy infrastructure (3.4 miles)
- General Mills — food processing (12.9 miles)
- Mckesson Medical Surgical — healthcare distribution (21.7 miles)
- Waste Management — environmental services (21.8 miles)
- First American Financial — financial services (39.7 miles) — HQ
This 108-unit Colton property offers value-add potential through its 1980 vintage, predating neighborhood norms by over a decade and creating renovation upside opportunities. The neighborhood's 97th percentile renter occupancy share nationwide demonstrates strong rental demand fundamentals, while projected household growth of 44% within a 3-mile radius supports tenant base expansion through 2028.
Income growth trends strengthen the investment case, with median household income rising 45% over five years and forecast to reach $105,502 by 2028. Commercial real estate analysis from WDSuite indicates neighborhood-level occupancy at 90.1%, providing stability while rent projections suggest significant upside to $2,248 by 2028 from current levels of $1,360.
- Strong rental demand with 97th percentile renter occupancy share nationwide
- Value-add opportunity through 1980 vintage predating neighborhood average
- Projected 44% household growth and 66% rent growth through 2028
- Risk: Attainable home values may increase ownership competition