| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 16th | Poor |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16424 Ceres Ave, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 2011 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16424 Ceres Ave, Fontana 60-Unit Multifamily Investment
Neighborhood occupancy remains strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this 2011-built asset for consistent leasing performance relative to older local stock.
Local dynamics and livability
The surrounding neighborhood shows durable renter demand with a reported neighborhood occupancy of 98.1% and a renter-occupied share of housing units at 76.1%. These statistics refer to the neighborhood, not the property, and indicate a broad tenant base that can support leasing stability across cycles.
Built in 2011, the property is newer than the neighborhood’s average construction year of 1984. Newer vintage can enhance competitive positioning versus older buildings on finishes and major systems, while investors should still plan for periodic modernization as the asset ages.
Amenities are comparatively accessible for an Urban Core location: restaurants, cafes, parks, childcare, and grocery options rank in higher national percentiles, supporting daily convenience for residents. However, pharmacy access ranks at the bottom locally, which may reduce some walkable convenience.
Home values in the neighborhood are elevated relative to incomes (high value-to-income ratio), a pattern that tends to reinforce renter reliance on multifamily housing and can support pricing power. Median contract rents in the neighborhood have also risen over the past five years, while the rent-to-income ratio remains moderate, suggesting manageable affordability pressure and potential for retention with disciplined lease management.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and households increased over the last five years, and households are projected to grow further as average household size trends lower. This supports a broader renter pool and can aid occupancy stability even as unit mix and product positioning evolve.
School ratings in the neighborhood track below national averages, which could be a consideration for family-oriented renters; investors may see stronger traction with workforce households prioritizing space and commute access. Overall, the neighborhood ranks above the metro median on several housing and amenity measures, indicating competitive fundamentals among Riverside–San Bernardino–Ontario submarkets.
Comparable, property-level crime data is not available in WDSuite for this neighborhood. Investors should review city and county public safety sources and trend reports to benchmark the area against regional norms and to understand any recent shifts at the neighborhood level.
As with any Urban Core location, evaluating on-site security practices, lighting, and visibility, as well as recent trend data for the broader Riverside–San Bernardino–Ontario metro, can help contextualize risk and inform operating plans.
Proximity to established employers supports a steady workforce renter base and convenient commutes, including Kinder Morgan, General Mills, Waste Management, McKesson Medical Surgical, and Ryder Vehicle Sales.
- Kinder Morgan — energy infrastructure (5.1 miles)
- General Mills — food manufacturing (6.9 miles)
- Waste Management — waste services (15.1 miles)
- McKesson Medical Surgical — medical distribution (15.9 miles)
- Ryder Vehicle Sales — fleet services (17.3 miles)
Investment thesis
This 60-unit 2011 vintage asset sits in a neighborhood with high reported occupancy and a large share of renter-occupied housing units, indicating a deep tenant base and support for lease-up and retention. Elevated ownership costs in the area reinforce renter reliance on multifamily, while a moderate rent-to-income profile suggests room for disciplined revenue management without undue retention risk. According to CRE market data from WDSuite, the neighborhood’s amenity access is comparatively strong, which can enhance livability and resident satisfaction.
Relative to the neighborhood’s older average stock, the property’s newer vintage can provide competitive positioning and near-term capex efficiency, though investors should plan for selective modernization as systems age. Within a 3-mile radius, recent and projected household growth—alongside smaller average household sizes—points to a broader renter pool over time, supporting occupancy stability. Key watch items include below-average school ratings and limited nearby pharmacy access, which may influence unit mix appeal and marketing strategy.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 2011 vintage competes well versus older local stock; plan for targeted modernization
- Elevated ownership costs sustain multifamily demand and pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: low school ratings and limited pharmacy access may temper family appeal