| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 16th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16743 San Bernardino Ave, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 1987 |
| Units | 60 |
| Transaction Date | 2005-09-21 |
| Transaction Price | $5,386,500 |
| Buyer | Three Peach, LLC |
| Seller | Fontana-Whispering Palms Apartments |
16743 San Bernardino Ave Fontana Multifamily Investment
Neighborhood occupancy trends and a high renter-occupied share point to a durable tenant base for a 60-unit asset, according to WDSuite s CRE market data. This location offers steady renter demand relative to the metro, with fundamentals driven by local services and proximity to regional employment.
The property sits in an Inner Suburb of the Riverside San Bernardino Ontario metro with a neighborhood rating of B-. Compared with metro peers, restaurant density is a clear strength (top national percentile), while grocery and pharmacy access are also strong (upper percentiles nationally). In contrast, parks, cafes, and childcare options are limited locally, which investors should weigh when targeting family-oriented renter segments.
For rental dynamics, the neighborhood s occupancy is above the national median (65th percentile), and the share of housing units that are renter-occupied ranks in the top decile nationally. Together, these indicators suggest depth in the tenant pool and support for leasing stability, though asset-level performance will still depend on execution and property condition.
The building s 1987 vintage is newer than the neighborhood s average construction year (1973), which typically helps competitiveness against older stock. Investors should still plan for ongoing system modernization and select value-add updates to meet current renter expectations.
Within a 3-mile radius, household counts have grown in recent years and are projected to rise further, even as population trends flatten, indicating smaller household sizes and potential renter pool expansion. Elevated home values and a high value-to-income ratio at the neighborhood level point to a high-cost ownership market, which generally sustains reliance on multifamily rentals and can bolster retention.
School ratings in the neighborhood track below national averages, which may factor into leasing strategy for family households. Overall, the combination of strong everyday amenities (grocery, pharmacy), regional job access, and established renter concentration makes the area competitive among metro neighborhoods for workforce housing.
Safety indicators compare favorably against many neighborhoods nationwide: overall crime sits above the national median for safety, with violent and property offense measures positioned in higher (safer) national percentiles. That said, year-over-year movements can vary by category, so investors should monitor trends alongside on-the-ground management practices.
Within the Riverside San Bernardino Ontario metro (997 neighborhoods), the area performs competitively relative to peers rather than at the very top. For underwriting, consider the current comparative positioning as supportive for renter retention, while planning for standard security and lighting enhancements common to Inner Suburb assets.
Nearby employers span energy infrastructure, packaged foods, waste services, medical distribution, and fleet logistics a mix that supports blue- and white-collar renter demand and commute convenience for workforce housing.
- Kinder Morgan energy infrastructure (4.2 miles)
- General Mills packaged foods (6.5 miles)
- Waste Management waste services (15.1 miles)
- Mckesson Medical Surgical medical distribution (15.6 miles)
- Ryder Vehicle Sales fleet & logistics (17.4 miles)
This 60-unit, 1987-vintage asset is positioned in a renter-heavy neighborhood where occupancy trends sit above national medians and everyday services are strong. Elevated home values and a high value-to-income ratio at the neighborhood level indicate a high-cost ownership market that can reinforce reliance on rentals and support lease retention. According to CRE market data from WDSuite, restaurant, grocery, and pharmacy access outperforms national averages, while the share of housing units that are renter-occupied ranks among the highest nationally a constructive backdrop for stabilized multifamily.
Within a 3-mile radius, household counts have increased and are projected to grow further alongside smaller average household sizes, which can expand the renter pool and help sustain occupancy. The 1987 construction is newer than much of the local stock, offering competitive positioning versus older assets, though investors should plan for targeted capital to refresh interiors, address aging systems, and capture value-add potential.
- Renter-occupied share is high, supporting depth of tenant demand and leasing stability.
- Above-median neighborhood occupancy with strong restaurant, grocery, and pharmacy access.
- High-cost ownership market reinforces rental reliance and potential retention.
- 1987 vintage offers competitive positioning vs. older stock with value-add upgrade paths.
- Risks: below-average school ratings and limited parks/cafes; maintain standard safety, lighting, and management focus.