| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 31st | Fair |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9040 Date St, Fontana, CA, 92335, US |
| Region / Metro | Fontana |
| Year of Construction | 1979 |
| Units | 20 |
| Transaction Date | 1996-11-14 |
| Transaction Price | $515,000 |
| Buyer | GROUP II AZUSA PROPERTIES LTD |
| Seller | DATE PALM PARTNERS LP |
9040 Date St, Fontana Multifamily Investment Opportunity
Neighborhood occupancy is steady and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. For investors, this points to durable leasing with room to optimize operations rather than relying on outsized rent growth.
Located in Fontana’s inner-suburban fabric, the neighborhood holds a B- rating within the Riverside–San Bernardino–Ontario metro. Occupancy in the neighborhood is above the national median, and while it has eased modestly in recent years, the level remains consistent with stable, working-household demand.
Daily-needs access is a relative strength: restaurant and grocery density are competitive among metro neighborhoods (top quartile nationally), while cafes, parks, and pharmacies are comparatively limited. Average school ratings track near the national midpoint, suggesting neither a strong tailwind nor a material drag for family-oriented renters.
Tenure data indicates a renter-occupied share near half of housing units in the neighborhood, which supports a deep tenant base for multifamily owners. In the 3-mile radius, households have grown and are projected to increase further, with slightly smaller household sizes over time—factors that typically expand the renter pool and support occupancy stability.
Home values in the area rank in a higher national tier, creating a high-cost ownership market that sustains reliance on rental housing. Combined with rent levels that sit near the national upper middle, this suggests manageable affordability pressure and potential for steady lease retention rather than frequent turnover.
Safety indicators compare favorably in a national context. Both violent and property offense measures place the neighborhood in the top quartile nationally for safety, and recent trends point to a meaningful decline in violent incidents over the past year. Within the Riverside–San Bernardino–Ontario metro’s 997 neighborhoods, this area performs above metro averages rather than at the high-crime end of the spectrum.
As with any urban-suburban setting, conditions can vary block to block, but the comparative data suggests a supportive backdrop for renter retention and property operations when benchmarked against regional peers and national norms.
A diversified employment base nearby supports workforce housing demand and commute convenience, led by energy infrastructure, consumer foods, waste services, medical distribution, and fleet logistics. These employers help deepen the regional renter pool and can bolster leasing stability.
- Kinder Morgan — energy infrastructure (4.9 miles)
- General Mills — consumer foods (6.7 miles)
- Waste Management — waste services (15.0 miles)
- Mckesson Medical Surgical — medical distribution (15.7 miles)
- Ryder Vehicle Sales — fleet & logistics (17.2 miles)
This 20-unit property’s positioning in an inner-suburban Fontana neighborhood offers durable renter demand, with occupancy above national medians and a renter-occupied share near half of local housing units. According to CRE market data from WDSuite, the area’s higher national tier for home values reinforces reliance on rental housing, while rent levels and incomes point to manageable affordability pressure that can support lease retention.
Within a 3-mile radius, household counts have been rising and are projected to increase further, with gradually smaller household sizes—dynamics that generally expand the tenant base and support stable absorption. Local amenities skew toward restaurants and groceries (competitive among metro peers), though limited parks and cafes may temper lifestyle appeal, making operations and value-add execution the primary levers for outperformance.
- Occupancy above national median supports stable cash flow
- High-cost ownership market sustains renter reliance and depth of demand
- 3-mile household growth and smaller household sizes expand the renter pool
- Restaurant and grocery access competitive among metro peers
- Risk: amenity gaps (parks/cafes) and recent occupancy softening may cap near-term pricing power