| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 27th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8015 Citrus Ave, Fontana, CA, 92336, US |
| Region / Metro | Fontana |
| Year of Construction | 1987 |
| Units | 53 |
| Transaction Date | 2001-06-29 |
| Transaction Price | $2,000,000 |
| Buyer | FOUNTAIN CREST LP |
| Seller | CHANG J S |
8015 Citrus Ave Fontana Multifamily Investment
This 53-unit property built in 1987 sits in a neighborhood with 96.3% occupancy and strong rental demand fundamentals. CRE market data from WDSuite indicates the area maintains above-average occupancy rates despite broader market pressures.
This Fontana neighborhood ranks in the top quartile nationally for amenity density, with grocery stores, restaurants, and pharmacy access supporting tenant retention. The area demonstrates strong occupancy fundamentals at 96.3%, ranking above the metro median among 997 neighborhoods in the Riverside-San Bernardino-Ontario region. Renter-occupied units represent 68.7% of housing stock, placing this neighborhood in the 97th percentile nationally for rental concentration.
The 1987 construction year aligns with the neighborhood's average vintage, suggesting consistent building stock that may offer value-add renovation opportunities for investors seeking to modernize unit features. Current median rents of $1,160 provide affordability relative to regional standards, while home values averaging $404,513 help sustain rental demand by keeping ownership costs elevated for many households.
Demographics within a 3-mile radius show a population of approximately 152,000 with household income growth of 46% over five years, reaching a median of $91,672. The area maintains larger household sizes averaging 3.8 persons, supporting demand for family-oriented rental units. Projected household growth of 39% through 2028 indicates expanding renter pools that could strengthen occupancy and renewal rates.
Local amenities rank in the 78th percentile nationally, with particularly strong pharmacy and grocery store density that enhances day-to-day convenience for residents. The neighborhood's inner suburb classification and established retail infrastructure contribute to tenant satisfaction and retention potential.
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 regionally and reaching the 93rd percentile compared to neighborhoods nationwide.
While property crime showed a recent uptick, the neighborhood maintains substantially lower violent crime rates than regional averages. These safety fundamentals support tenant retention and can contribute to stable occupancy patterns over time.
The property benefits from proximity to established corporate employers that provide workforce housing demand, with major companies located within reasonable commuting distance of the Fontana area.
- Kinder Morgan — energy infrastructure (5.9 miles)
- General Mills — food manufacturing (7.5 miles)
- Waste Management — environmental services (15.3 miles)
- Mckesson Medical Surgical — healthcare distribution (16.2 miles)
This 53-unit property offers exposure to strong rental market fundamentals in San Bernardino County. The neighborhood's 96.3% occupancy rate and 68.7% renter concentration provide stability indicators, while demographic growth projecting 39% household expansion through 2028 supports long-term demand. The 1987 vintage presents value-add renovation opportunities to capture rent premiums through unit upgrades and modernization.
According to commercial real estate analysis from WDSuite, the area's amenity density ranks in the 78th percentile nationally, supporting tenant satisfaction and retention. Median household income growth of 46% over five years demonstrates improving renter profiles, while home values above $400,000 help maintain rental demand by limiting ownership accessibility for many households.
- Strong occupancy fundamentals at 96.3% with high rental concentration
- Demographic growth projecting 39% household expansion through 2028
- Value-add potential through 1987 vintage modernization opportunities
- Top quartile amenity density supporting tenant retention
- Risk: Monitor rent-to-income ratios and potential affordability pressure