| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 23rd | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17627 McWethy Dr, Fontana, CA, 92336, US |
| Region / Metro | Fontana |
| Year of Construction | 1979 |
| Units | 22 |
| Transaction Date | 2005-08-30 |
| Transaction Price | $2,300,000 |
| Buyer | HR GLOBAL GROUP LLC |
| Seller | HEWANG INC |
17627 McWethy Dr, Fontana CA Multifamily Investment
Neighborhood data point to steady renter demand and occupancy stability, according to WDSuite s CRE market data, with a majority of nearby housing units renter-occupied at the neighborhood level. Positioned in Fontana s inner suburbs, the asset benefits from strong retail and service access that supports day-to-day livability for tenants.
The property sits in an Inner Suburb location with an A- neighborhood rating and ranks 203 out of 997 among Riverside San Bernardino neighborhoods a top-quartile position that signals competitive fundamentals for multifamily. Local occupancy in the neighborhood sits in the low 90s and trends near national medians, while the share of renter-occupied housing is above metro norms, indicating a deep tenant base and consistent leasing velocity (based on CRE market data from WDSuite). Note that these occupancy and tenure metrics are measured for the neighborhood, not the property.
Daily needs are well-covered: grocery, restaurants, and pharmacies score in the upper decile nationally, and cafes are similarly strong. This concentration of amenities typically supports leasing retention and reduces friction in day-to-day living. Childcare access is comparatively thin in the immediate area, which may matter for some family renters.
Within a 3-mile radius, demographics indicate population growth over the last five years with an increase in households and a moderating average household size. Forward-looking projections also point to additional household growth, which translates to a larger tenant base and supports occupancy stability for multifamily landlords.
Home values in the neighborhood test higher relative to income (high national percentile for value-to-income), creating a high-cost ownership market that tends to reinforce reliance on rental housing. Median asking rents trend in the upper range for the metro, while rent-to-income levels near the mid-20s suggest manageable affordability pressure and room for disciplined pricing, subject to property quality and value proposition.
School ratings in the neighborhood score near the lower end of national comparisons on average, which investors should consider when targeting family-oriented unit mixes. Construction across the area skews 1970s; with a 1979 vintage, this asset is slightly newer than the neighborhood average, suggesting competitive positioning while still warranting attention to systems upgrades and value-add modernization.
Public crime metrics specific to this neighborhood are limited in the current WDSuite dataset, so comparative statements at the block level are not available. Investors typically benchmark safety using multi-year city and county trend data alongside property-level measures (lighting, access control, and tenant screening) to contextualize risk and retention in relation to the broader Riverside San Bernardino metro.
- Kinder Morgan energy infrastructure (4.6 miles)
- General Mills food manufacturing (8.8 miles)
- Waste Management waste services (17.0 miles)
- Mckesson Medical Surgical medical distribution (17.7 miles)
- Ryder Vehicle Sales transportation & logistics (19.1 miles)
Proximity to regional employers supports a broad workforce renter pool and commute convenience, with nearby operations in energy infrastructure, food manufacturing, waste services, medical distribution, and transportation/logistics.
This 22-unit, late-1970s multifamily asset benefits from a top-quartile neighborhood rank within the Riverside San Bernardino metro and strong amenity access that supports tenant retention. The neighborhood s renter-occupied share is elevated, indicating a deep tenant base, while occupancy trends in the low 90s point to stable leasing conditions relative to national norms. According to CRE market data from WDSuite, higher home values versus income in the area reinforce sustained reliance on rental housing, supporting long-run demand for well-maintained units.
Built in 1979, the property is slightly newer than the area s average housing stock, offering competitive positioning with clear value-add pathways through systems modernization and interior refreshes. Within a 3-mile radius, recent and projected household growth expands the renter pool, which can underpin occupancy stability and measured rent growth, provided operators manage affordability and unit finishes to market expectations.
- Top-quartile neighborhood rank in the metro supports durable renter demand and leasing stability.
- Elevated renter-occupied share and strong amenity access contribute to tenant retention and depth of demand.
- 1979 vintage allows targeted value-add upgrades to enhance competitiveness versus older local stock.
- High-cost ownership market reinforces multifamily reliance, supporting pricing power when paired with quality operations.
- Risks: lower neighborhood school ratings and limited childcare options may affect family-renter appeal; capex planning is essential for a late-1970s asset.