| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 19th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16599 Muscatel St, Hesperia, CA, 92345, US |
| Region / Metro | Hesperia |
| Year of Construction | 2008 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16599 Muscatel St Hesperia 110-Unit Multifamily
Neighborhood occupancy in the mid-90s and a renter-occupied share near the mid-40s suggest a stable tenant base for this asset, according to WDSuite’s CRE market data.
Constructed in 2008, the property is newer than the neighborhood’s average vintage (1981), positioning it competitively versus older stock in this Inner Suburb setting. For investors, this typically supports leasing and reduces near-term capital planning needs, while still leaving room for targeted modernization to drive rents.
At the neighborhood level, occupancy trends are above the metro median among 997 Riverside–San Bernardino–Ontario neighborhoods, indicating generally steady renter demand. The renter-occupied share is around 46% of housing units, signaling meaningful depth in the tenant pool without relying solely on transient demand.
Within a 3-mile radius, population and household counts have risen over the past five years and are projected to continue growing, pointing to a larger tenant base over the medium term. Rising household incomes and forecast rent growth suggest ongoing support for multifamily absorption; based on commercial real estate analysis from WDSuite, this reinforces prospects for occupancy stability and measured pricing power.
Local amenity density is limited in the immediate area (few cafes, groceries, parks, or restaurants per square mile), and average school ratings trail national norms, which may matter for family renters. However, elevated ownership costs relative to incomes in the neighborhood context can sustain reliance on rental options, supporting lease retention even as renters evaluate trade-offs on location and amenities.
Safety indicators are mixed but comparatively steady versus the broader region. Crime levels are competitive among Riverside–San Bernardino–Ontario neighborhoods (ranked 402 out of 997), with national positioning near the midpoint. Year over year, estimated violent incidents have declined substantially while property-related incidents show modest improvement—trends investors can track as part of ongoing asset management.
In national terms, the neighborhood sits near the 50th percentile for both violent and property crime, suggesting neither a pronounced headwind nor a distinct advantage. For underwriting, consider standard security provisions and market-appropriate loss assumptions, while monitoring trajectory rather than single-period readings.
Regional employers within commuting range support leasing fundamentals and workforce housing demand, including Kinder Morgan, General Mills, Waste Management, Ryder, and McKesson Medical Surgical.
- Kinder Morgan — energy infrastructure (24.5 miles)
- General Mills — food manufacturing (29.7 miles)
- Waste Management — environmental services (35.7 miles)
- Ryder Vehicle Sales — logistics and trucking (36.6 miles)
- McKesson Medical Surgical — medical supply distribution (37.5 miles)
This 110-unit 2008-vintage asset offers relative competitiveness versus older neighborhood stock while tapping into a tenant base supported by above-median neighborhood occupancy within the Riverside–San Bernardino–Ontario metro. Within a 3-mile radius, recent and forecast growth in population and households points to renter pool expansion that can support occupancy stability and measured rent gains over time, according to CRE market data from WDSuite.
Elevated ownership costs relative to incomes help reinforce demand for multifamily units, while the neighborhood’s renter-occupied share around the mid-40s suggests depth without overreliance on transient tenancy. Key watch items include limited nearby amenities and below-average school ratings, which may require thoughtful leasing and resident retention strategies.
- 2008 construction offers competitive positioning versus older neighborhood inventory
- Above-metro-median neighborhood occupancy supports stable leasing
- 3-mile radius growth in population and households expands the tenant base
- Elevated ownership costs in the area reinforce multifamily demand and retention
- Risk: limited amenity density and below-average school ratings may affect family renter appeal