| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 11th | Poor |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15434 Sequoia St, Hesperia, CA, 92345, US |
| Region / Metro | Hesperia |
| Year of Construction | 1992 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15434 Sequoia St, Hesperia CA Multifamily Investment
Stabilized renter demand in Hesperia’s inner-suburban pocket combines with a 1992 vintage that is slightly newer than neighborhood stock, according to WDSuite’s CRE market data.
This inner-suburban neighborhood in the Riverside–San Bernardino–Ontario metro carries a B- neighborhood rating and sits above the metro median in several day-to-day amenities. Cafes and restaurants index well (around the 75th and high-60s national percentiles), and grocery access is competitive versus peers. Park and pharmacy access are limited locally, so residents may rely on nearby corridors for those needs.
Neighborhood occupancy is around the metro average, and the share of housing units that are renter-occupied is competitive among Riverside–San Bernardino–Ontario neighborhoods (ranked 254 of 997). For multifamily investors, that renter concentration points to a durable tenant base and supports leasing stability.
Home values sit in the upper quartile nationally, and the value-to-income ratio is elevated, which indicates a high-cost ownership market. That context typically sustains rental demand and can aid retention and pricing discipline for well-managed assets. At the same time, rent-to-income near 30% suggests affordability pressure that warrants attentive lease management.
The property’s 1992 construction is newer than the neighborhood average (1988). That relative vintage can be competitive versus older stock while still benefiting from targeted modernization to HVAC, interiors, or common areas if not recently updated. Based on multifamily property research from WDSuite, school ratings in the area trend below national norms, which can influence unit mix and marketing toward non-school-dependent renter cohorts.
Demographic statistics are aggregated within a 3-mile radius: population and households expanded over the last five years and are projected to continue growing, with households forecast to increase meaningfully by 2028 as average household size trends lower. This points to a larger tenant base and supports occupancy stability for workforce-oriented assets.
Safety indicators in this neighborhood track below national averages overall (crime around the 37th percentile nationally), and the area sits below the metro median when compared with 997 metro neighborhoods. Recent year-over-year trends show modest declines in both violent and property offenses, which is a constructive directional signal, though investors should still underwrite with conservative assumptions and appropriate security measures.
Regional employment access is anchored by logistics, energy, food manufacturing, healthcare distribution, and transportation firms within commuting range, supporting renter demand and lease retention for workforce housing. Employers noted below reflect the nearest larger corporate operations in these categories.
- Kinder Morgan — energy infrastructure (28.4 miles)
- General Mills — food manufacturing offices (32.9 miles)
- Waste Management — environmental services (38.2 miles)
- Ryder Vehicle Sales — transportation & fleet (38.8 miles)
- Mckesson Medical Surgical — healthcare distribution (40.2 miles)
This 42-unit asset benefits from a renter-anchored neighborhood with occupancy near the metro average and a renter-occupied share that is competitive among 997 Riverside–San Bernardino–Ontario neighborhoods. Elevated home values and a high value-to-income ratio signal a high-cost ownership market, reinforcing reliance on multifamily housing. According to CRE market data from WDSuite, the 3-mile area shows recent population and household growth with further expansion forecast, which supports a larger tenant base and steadier leasing.
Built in 1992, the property is somewhat newer than nearby stock, offering relative competitiveness versus older assets while leaving room for targeted value-add upgrades to drive rent positioning and retention. Investors should balance these strengths against below-average school ratings, thinner park/pharmacy access, and safety metrics that trail national norms, underwriting for affordability pressure where rent-to-income hovers around 30%.
- Renter concentration competitive in the metro, supporting demand depth and leasing stability
- High-cost ownership market reinforces reliance on rentals and potential pricing power
- 1992 vintage offers relative competitiveness with value-add modernization potential
- 3-mile population and household growth expand the tenant base and support occupancy
- Risks: lower school ratings, limited parks/pharmacy access, and below-average safety metrics