| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 16th | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16370 Arrow Blvd, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 1986 |
| Units | 64 |
| Transaction Date | 1994-08-10 |
| Transaction Price | $1,300,000 |
| Buyer | H K REALTY INC |
| Seller | ZAPATA LUIS |
16370 Arrow Blvd Fontana Multifamily Investment
This 64-unit property built in 1986 sits in a neighborhood with 98% occupancy rates and strong rental demand fundamentals. The area demonstrates resilient multifamily performance according to CRE market data from WDSuite.
The property is located in an Urban Core neighborhood rated A- among 997 metro neighborhoods in the Riverside-San Bernardino-Ontario region. The neighborhood achieves 98% occupancy rates, ranking in the top quartile nationally and demonstrating consistent rental demand stability that supports investor confidence in absorption and renewal rates.
With 76% of housing units renter-occupied compared to the metro average, this area maintains strong rental market dynamics. Demographics within a 3-mile radius show 156,270 residents with median household income of $85,293, supporting sustained renter demand. The area's rental share ranks in the top 2% nationally, indicating robust multifamily fundamentals.
The neighborhood offers solid amenity access with grocery stores, restaurants, parks, and childcare facilities that enhance tenant retention potential. Contract rents average $1,518 with moderate 25% growth over five years, suggesting balanced pricing power without affordability pressure that could impact lease renewals.
Built in 1986, this property aligns with the neighborhood's average construction vintage of 1984, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and capture rent premiums in this stable occupancy environment.
Crime data for this specific neighborhood is not available in current reporting systems, which limits direct safety comparisons within the Riverside-San Bernardino-Ontario metro area. Investors should conduct independent due diligence on local crime trends and consider security enhancements as part of property management planning.
The neighborhood's Urban Core designation and high occupancy rates suggest established residential activity, though investors may want to evaluate lighting, security systems, and tenant screening protocols as standard risk management practices for multifamily properties in this market segment.
The area benefits from proximity to several major corporate offices that provide employment stability for the local workforce and support renter demand within commuting distance.
- Kinder Morgan — energy infrastructure (5.4 miles)
- General Mills — consumer goods (7.2 miles)
- Waste Management — environmental services (15.3 miles)
- McKesson Medical Surgical — healthcare distribution (16.1 miles)
- Ryder Vehicle Sales — transportation services (17.4 miles)
This 64-unit property presents a compelling multifamily investment opportunity anchored by exceptional neighborhood-level occupancy of 98% that ranks in the top quartile nationally. The Urban Core location benefits from 76% renter-occupied housing units, creating deep rental market fundamentals that support consistent absorption and lease renewal rates.
Built in 1986, the property offers potential value-add opportunities through unit renovations and common area improvements to capture rent premiums in a market showing moderate but consistent rent growth. Demographics within a 3-mile radius indicate household income growth of 45% over five years with projected continued expansion, supporting sustainable rental demand from an expanding renter pool.
- Exceptional 98% neighborhood occupancy rates ranking top quartile nationally
- Strong rental market with 76% renter-occupied units supporting demand depth
- Value-add potential through renovations in established Urban Core location
- Growing household income base with projected renter pool expansion
- Risk consideration: 1986 vintage requires capital planning for deferred maintenance