| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 27th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16946 Ceres Ave, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 2005 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16946 Ceres Ave Fontana Multifamily Investment
This 93-unit property built in 2005 benefits from strong neighborhood occupancy rates at 96.3% and above-metro rental demand fundamentals, according to CRE market data from WDSuite.
Located in Fontana's inner suburban core, this neighborhood demonstrates solid multifamily fundamentals with 96.3% occupancy rates ranking in the top quartile nationally among 997 metro neighborhoods. The area maintains a strong rental base with 68.7% of housing units renter-occupied, supporting consistent tenant demand and lease-up velocity.
Built in 2005, the property represents newer construction compared to the neighborhood average of 1962, positioning it competitively for reduced near-term capital expenditures and maintenance costs. Median contract rents of $1,160 have grown 29.4% over five years, indicating healthy rent progression while maintaining affordability relative to area incomes.
Demographics within a 3-mile radius show a population of 155,367 with household income growth of 46.8% over five years, reaching a median of $80,640. Projected household formation through 2028 anticipates 36.8% growth in total households, expanding the potential tenant base. The area's amenity density ranks in the 78th percentile nationally, with strong access to grocery stores, restaurants, and parks supporting tenant retention appeal.
Home values averaging $404,513 with 27.8% five-year appreciation reinforce rental demand as elevated ownership costs keep households in the multifamily market. The rent-to-income ratio suggests manageable affordability for area renters, supporting occupancy stability and renewal rates.
The neighborhood demonstrates favorable safety metrics with violent crime rates ranking 6th among 997 metro neighborhoods, placing it in the 98th percentile nationally for low violent crime. Property crime rates also perform well, ranking 16th metro-wide and in the 93rd percentile compared to neighborhoods nationwide.
While property crime showed a temporary increase over the past year, the neighborhood maintains strong relative safety positioning within the broader San Bernardino metro area. The low violent crime environment supports tenant retention and can be a positive factor for lease marketing and property management.
The property benefits from proximity to established corporate employers that provide workforce housing demand, with several major companies within commutable distance supporting tenant stability.
- Kinder Morgan — energy infrastructure (4.5 miles)
- General Mills — food manufacturing (7.5 miles)
- Waste Management — environmental services (15.8 miles)
- McKesson Medical Surgical — healthcare distribution (16.5 miles)
This 93-unit property offers stable cash flow potential with neighborhood occupancy rates of 96.3% ranking in the top quartile nationally, supported by strong rental demand fundamentals. The 2005 construction year provides a competitive advantage with reduced near-term capital expenditure needs compared to the area's average 1962 vintage, while demographic projections show 36.8% household growth through 2028 expanding the tenant base.
Commercial real estate analysis from WDSuite indicates favorable rental market dynamics with 68.7% of area housing units renter-occupied and home values that reinforce multifamily demand. The property's positioning in Fontana's inner suburban market benefits from established employment centers and strong amenity access, supporting tenant retention and lease-up velocity.
- Strong occupancy fundamentals with 96.3% neighborhood rates ranking top quartile nationally
- 2005 construction provides competitive positioning with reduced maintenance costs
- Projected 36.8% household growth through 2028 expanding potential tenant base
- Recent property crime increases require monitoring for tenant retention impact