| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 23rd | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1624 W Rialto Ave, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 2008 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1624 W Rialto Ave Fontana Multifamily Investment
Stabilized renter demand in the surrounding neighborhood, with occupancy at 95.3% for the area, supports consistent operations, according to WDSuite’s CRE market data. Built in 2008 with 120 units, the asset competes well against older local stock while allowing for targeted modernization over time.
Located in Fontana within the Riverside–San Bernardino–Ontario metro, the neighborhood carries a B rating and ranks 443 of 997 metro neighborhoods—above the metro median—signaling balanced fundamentals for long-term holding. Neighborhood occupancy of 95.3% (top quartile nationally) points to steady leasing conditions rather than lease-up volatility.
Local living needs are well served by everyday retail: grocery density is strong (96th percentile nationally) and childcare access is also high (95th percentile). Restaurant options are competitive for the metro (71st percentile nationally), while cafes, parks, and pharmacies are limited nearby—useful for positioning amenities on site to improve retention and differentiation.
The property’s 2008 vintage is newer than the neighborhood’s average construction year of 1978. That relative youth can reduce near-term capital exposure versus older peers, while still offering value-add potential via unit and common-area updates as systems age.
Tenure dynamics favor multifamily demand: an estimated 70.5% of occupied housing units in the neighborhood are renter-occupied (97th percentile nationally), indicating a deep tenant base. Within a 3-mile radius, households have grown in the last five years and are projected to increase further by 2028 alongside a modest decline in average household size—both supportive of a larger renter pool and occupancy stability.
Pricing context is supportive for rentals: elevated home values relative to incomes (88th percentile nationally for value-to-income) reinforce reliance on multifamily housing, while neighborhood rents sit above national norms (85th percentile). At the same time, a rent-to-income ratio near 0.29 (low national percentile) suggests affordability pressure to watch, with implications for renewal strategies and concessions management.
Safety indicators are competitive among Riverside–San Bernardino–Ontario neighborhoods, with the area ranking 277 out of 997—above the metro median and modestly safer than the national middle (58th percentile). This suggests conditions that generally support workforce housing and lease retention without implying block-level conclusions.
Category detail is mixed: estimated property offense rates benchmark favorably (top decile nationally), and violent offense rates also compare well (roughly top quintile nationally). However, recent year-over-year property offense trends have weakened relative to national peers. Investors should underwrite with prudent security measures and monitor trendlines rather than relying on point-in-time readings.
Nearby corporate nodes anchor a diverse employment base that supports renter demand and commute convenience, led by energy infrastructure, food manufacturing, environmental services, and healthcare distribution.
- Kinder Morgan — energy infrastructure (3.5 miles)
- General Mills — food manufacturing (9.1 miles)
- Waste Management — environmental services (17.6 miles)
- Mckesson Medical Surgical — healthcare distribution (18.2 miles)
- Ryder Vehicle Sales — logistics & fleet services (19.8 miles)
1624 W Rialto Ave offers a 120-unit, 2008-vintage footprint in a neighborhood with above-median metro positioning and steady occupancy around 95%. According to CRE market data from WDSuite, renter concentration is among the highest nationally, everyday retail access is strong, and homeownership remains a high-cost alternative—factors that support tenant demand and pricing resiliency with thoughtful lease management.
Forward drivers include projected household growth within a 3-mile radius and the asset’s relative youth versus local stock, creating flexibility for targeted value-add. Balanced underwriting should account for affordability pressure and mixed safety trendlines, using amenity and security investments to sustain retention.
- Above-median metro rank with neighborhood occupancy near 95%, supporting stable leasing
- High renter-occupied share signals a deep tenant base for multifamily demand
- 2008 vintage positioned for selective value-add against older local inventory
- Everyday retail access (groceries/childcare) enhances resident convenience and retention
- Risks: affordability pressure and mixed crime trendlines warrant conservative renewals and security planning