| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 23rd | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17442 Arrow Blvd, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 1991 |
| Units | 36 |
| Transaction Date | 1996-10-07 |
| Transaction Price | $96,000 |
| Buyer | LAKRITZ LEOR |
| Seller | CR LEASING |
17442 Arrow Blvd Fontana Multifamily Value-Add Opportunity
Neighborhood-level indicators point to durable renter demand and average occupancy stability, according to WDSuite’s CRE market data. Metrics referenced below reflect neighborhood conditions rather than this specific property.
Situated in Fontana’s inner suburban fabric of the Riverside–San Bernardino–Ontario metro, the neighborhood ranks 203 of 997 locally (A- rating), placing it competitive among metro neighborhoods and in the top quartile nationally on overall amenity access. Grocery, restaurant, and cafe density index well above U.S. norms, supporting day-to-day convenience that helps leasing and retention.
The local housing stock skews older than this asset (area average 1971 versus the property’s 1991), giving a 1991 vintage relative competitive positioning versus older comparables; investors should still plan for selective modernization and building system updates typical of early-1990s construction. Neighborhood occupancy is around the national midpoint with modest softening over five years, suggesting stable yet competitive leasing dynamics rather than outsized pricing power.
Tenure patterns indicate a substantial renter-occupied share (neighborhood-level renter concentration above half), which broadens the tenant base and supports demand depth for multifamily. Median home values sit elevated for the area and the value-to-income ratio ranks high nationally, a high-cost ownership backdrop that tends to reinforce reliance on rental housing and can support lease retention.
Within a 3-mile radius, demographics show recent population growth alongside an increase in households and a forecast for further gains, implying a larger tenant base over time. Average household size is trending lower on a forward basis, which can translate into incremental renter pool expansion, while rent levels and rent-to-income ratios warrant active lease management to balance occupancy and rent objectives. School ratings in the neighborhood are comparatively low versus national benchmarks, a factor to consider for family-oriented demand.
Comparable, neighborhood-level crime metrics are not available in WDSuite for this location, so direct rank or percentile comparisons within the Riverside–San Bernardino–Ontario metro and nationally cannot be provided. Investors should review multiple sources and trend-based reports to contextualize safety as part of broader underwriting and asset management planning.
Proximity to regional corporate nodes supports workforce housing demand and commute convenience, with nearby employers spanning energy infrastructure, packaged foods, waste services, medical distribution, and transportation.
- Kinder Morgan — energy infrastructure (4.3 miles)
- General Mills — packaged foods (8.2 miles)
- Waste Management — waste services (16.5 miles)
- Mckesson Medical Surgical — medical distribution (17.2 miles)
- Ryder Vehicle Sales — transportation and fleet services (18.7 miles)
This 36-unit, 1991-vintage multifamily asset with average unit sizes near 710 sq. ft. is positioned against an older neighborhood baseline, offering relative competitiveness versus 1970s-era stock while leaving room for targeted value-add and system upgrades. Neighborhood occupancy trends sit near the national midpoint and have eased slightly over five years, indicating steady but competitive leasing conditions. Elevated home values and a high value-to-income ratio suggest a high-cost ownership market that sustains renter reliance; within a 3-mile radius, population and household growth point to a gradually expanding tenant base, supporting long-run demand and occupancy stability.
Amenity access is strong for groceries and dining, aiding day-to-day livability that supports retention. At the same time, comparatively low school ratings and rent-to-income pressures call for thoughtful lease management and amenity-led differentiation rather than pure price-driven strategies. According to CRE market data from WDSuite, the neighborhood’s renter concentration and amenity strengths are balanced by average occupancy and family-demand considerations, framing a clear operational value-add thesis.
- 1991 vintage versus older area stock supports competitive positioning with targeted renovation upside
- High-cost ownership context reinforces renter reliance and can aid retention
- 3-mile radius shows population and household growth, expanding the tenant base over time
- Strong grocery and dining access supports livability and leasing
- Risks: average occupancy with recent softening, rent-to-income pressure, and comparatively low school ratings