| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 24th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17797 San Bernardino Ave, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 1993 |
| Units | 42 |
| Transaction Date | 2002-09-12 |
| Transaction Price | $2,583,500 |
| Buyer | SHAMUILIAN ED |
| Seller | SHAMOLIAN HOMAYOON |
17797 San Bernardino Ave, Fontana CA Multifamily Investment
Neighborhood occupancy is steady and renter demand is balanced for this inner-suburban Fontana location, according to WDSuite s CRE market data. The area s tenant base supports stable operations while leaving room for targeted value-add to capture future demand.
This inner-suburban location in the Riverside San Bernardino Ontario metro shows solid operating fundamentals for workforce housing. Neighborhood occupancy is above the national average and has improved over the last five years, supporting revenue stability for professionally managed assets. The neighborhood s net operating income per unit tracks near the national median, indicating competitive performance potential without relying on outsized rent premiums.
Amenities skew practical: grocery and pharmacy access rank in the top decile nationally, while restaurants are plentiful. Conversely, parks, cafes, and childcare options are sparse in the immediate area, which can modestly reduce lifestyle appeal but also aligns with budget-conscious renter profiles typical of Inland Empire submarkets. Within the metro, overall amenities place the neighborhood competitive among Riverside San Bernardino Ontario neighborhoods (rank 262 of 997), reflecting day-to-day convenience rather than destination retail.
Vintage and asset positioning matter here. The average neighborhood construction year is 1971, while this property was built in 1993. Being newer than much of the local stock can enhance leasing competitiveness; however, investors should still plan for system updates and selective modernization to meet current renter expectations and sustain occupancy.
Tenure dynamics suggest depth for multifamily: about half of neighborhood housing units are renter-occupied, indicating a broad tenant base that supports demand across economic cycles. Within a 3-mile radius, population and households have expanded and are projected to continue growing, with household sizes gradually edging lower. This points to a larger, more diverse renter pool and demand for well-managed, mid-size units, which supports occupancy stability and lease retention.
Home values in the neighborhood sit below national norms, creating a more accessible ownership market than many coastal California locations. For investors, that means some competition from entry-level ownership, but median rents relative to incomes remain manageable locally, which helps sustain renter reliance on multifamily housing and reduces turnover pressure in professionally operated properties.
Safety indicators are mixed but broadly mid-pack. Compared with neighborhoods nationwide, the area sits near the middle of the distribution, and within the Riverside San Bernardino Ontario metro it ranks 581 out of 997 neighborhoods. Recent trends show estimated property offenses declining year over year, while estimated violent offenses increased; investors should evaluate block-level data and liaise with local management to track any continued shifts.
From an underwriting perspective, the takeaway is comparative rather than absolute: the neighborhood is not among the highest-risk areas regionally, but ongoing monitoring, lighting and access controls, and coordination with community resources can help support resident retention and minimize non-revenue risk.
Nearby employment is anchored by logistics, energy, consumer goods, healthcare distribution, and vehicle services sectors that support a broad base of renters seeking commute convenience. The following employers illustrate the local job nodes that can aid leasing stability and retention.
- Kinder Morgan energy infrastructure (2.99 miles)
- General Mills consumer packaged goods (7.65 miles)
- Waste Management environmental services (16.32 miles)
- Mckesson Medical Surgical healthcare distribution (16.72 miles)
- Ryder Vehicle Sales transportation services (18.68 miles)
This 42-unit asset, built in 1993, benefits from neighborhood occupancy that trends above national norms, strong everyday amenities (notably groceries and pharmacies), and a renter share near half of local housing units all supportive of durable leasing. Being newer than much of the surrounding 1970s housing stock offers a competitive edge, while targeted interior and systems upgrades can position the property to capture steady renter demand.
Within a 3-mile radius, population and households have grown and are expected to continue expanding, with slightly smaller household sizes pointing to a larger pool of multifamily renters. According to CRE market data from WDSuite, rent levels track with local incomes, reinforcing demand depth while leaving room for disciplined value-add to enhance rent roll without overextending affordability.
- Neighborhood occupancy above national norms supports stable cash flow potential
- 1993 vintage is newer than local average, enabling competitive positioning with selective upgrades
- Expanding 3-mile renter pool and practical amenity access aid leasing and retention
- Rents aligned with incomes provide a base for measured value-add execution
- Risk: accessible ownership options locally may compete with renting; focus on product quality and management to sustain pricing power