| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 24th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16975 San Bernardino Ave, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | 2002-06-04 |
| Transaction Price | $1,650,000 |
| Buyer | NIJJAR SABRAJ |
| Seller | SKYBALL PROPERTIES LLC |
16975 San Bernardino Ave Fontana Multifamily Investment
This 48-unit property built in 1972 offers value-add potential in a neighborhood with strong renter demand, where 51% of housing units are renter-occupied according to CRE market data from WDSuite.
This inner suburb neighborhood demonstrates competitive rental fundamentals with 95.1% occupancy rates and median rents of $1,316, positioning above the 70th percentile nationally. The area's 51% renter share ranks in the 89th percentile among 997 metro neighborhoods, indicating strong rental housing demand that supports multifamily investments.
Demographics within a 3-mile radius show a stable tenant base with average household sizes of 3.8 people and median household income of $74,665. Projected household growth of 35% through 2028 suggests expanding renter demand, while forecast median rents are expected to reach $2,078, representing 46% growth potential.
The neighborhood benefits from exceptional grocery store access with 6.72 stores per square mile, ranking in the 98th percentile nationally, along with strong restaurant and pharmacy density. However, limited parks and childcare facilities may affect tenant retention in family-oriented segments. The area's construction vintage averages 1971, aligning with this property's 1972 build date and suggesting potential for coordinated value-add strategies across the neighborhood.
Home values average $159,610 with relatively affordable ownership costs, creating potential competition for rental demand. Investors should monitor lease renewal rates and consider competitive positioning as ownership remains accessible for qualified households in this market.
Property crime rates of 328 incidents per 100,000 residents place the neighborhood near the metro median, ranking 467th among 997 neighborhoods in the Riverside-San Bernardino region. Recent trends show property crime declining 8.9% year-over-year, indicating improving conditions for tenant retention and property management.
Violent crime rates remain moderate at 41 incidents per 100,000 residents, though recent increases of 21% warrant monitoring. Overall crime metrics rank in the 44th percentile nationally, suggesting average safety conditions compared to multifamily neighborhoods nationwide.
The employment base includes several corporate offices within reasonable commuting distance, supporting workforce housing demand in this Fontana location.
- Kinder Morgan — energy infrastructure (3.9 miles)
- General Mills — food manufacturing (6.8 miles)
- Waste Management — environmental services (15.4 miles)
- Mckesson Medical Surgical — healthcare distribution (15.9 miles)
This 1972-built property presents value-add opportunities in a neighborhood with strong rental fundamentals, including 95.1% occupancy rates and a renter share ranking in the 89th percentile among metro neighborhoods. Household growth projections of 35% through 2028 support expanding tenant demand, while current median rents of $1,316 offer upside potential toward forecast levels of $2,078.
The property's vintage aligns with neighborhood averages, suggesting coordinated improvement potential across the area. Strong grocery and restaurant access supports tenant satisfaction, though limited recreational amenities may require strategic positioning. Commercial real estate analysis from WDSuite indicates stable occupancy trends and rent growth potential in this inner suburb market.
- High renter demand with 51% of housing units renter-occupied
- Strong occupancy at 95.1% neighborhood-wide
- 35% projected household growth through 2028
- Value-add potential in 1972 vintage property
- Risk: Accessible ownership costs may create rental competition