| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 18th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17175 Sequoia St, Hesperia, CA, 92345, US |
| Region / Metro | Hesperia |
| Year of Construction | 2003 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17175 Sequoia St, Hesperia CA Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s and a solid renter base supports leasing durability, according to WDSuite s CRE market data. Investors screening High Desert assets will find stable demand dynamics with room for value-add differentiation at this location.
This Inner Suburb location in Hesperia presents steady fundamentals for workforce-oriented multifamily. Neighborhood occupancy is 94.2% (above the national median), and renter-occupied housing accounts for 41.7% of units both measured at the neighborhood level which suggests a meaningful tenant pool and support for leasing stability. The property s 2003 construction is newer than the neighborhood s average vintage of 1986, indicating relative competitiveness versus older stock, though near-term capital planning should consider aging systems and targeted upgrades to capture rents.
Local amenities are mixed. Pharmacy access ranks among the top quartile in the metro (71 of 997 neighborhoods; 92nd percentile nationally), and restaurants are above the metro median (277 of 997; 78th percentile nationally). By contrast, cafes, groceries, and parks register at the low end for the metro (near the bottom of 997 neighborhoods), so residents typically rely on broader trade-area options. These dynamics point to day-to-day convenience for essentials, with some reliance on short drives for variety.
Demographic statistics aggregated within a 3-mile radius show population growth of roughly 9% over the last five years, while households expanded about 14%, pointing to a larger tenant base and more renters entering the market. Forward-looking estimates indicate further expansion by 2028, with households projected to grow approximately 44%, reinforcing demand for rental units and supporting occupancy stability as new households form.
Home values in the neighborhood sit in a higher-cost ownership context relative to local incomes (value-to-income ranks in the upper national percentiles), which typically sustains multifamily reliance and supports retention. At the same time, the rent-to-income ratio is comparatively moderate around 0.29, suggesting manageable affordability pressure that can aid renewals, while limiting near-term pricing power. Taken together, these neighborhood indicators align with a durable, needs-based renter profile that can underpin consistent performance, based on commercial real estate analysis validated by WDSuite.
Safety indicators for the neighborhood are below both metro and national medians, with crime ranked in the lower half of Riverside San Bernardino Ontario neighborhoods (719 out of 997) and national percentiles in the high-30s. This suggests investors should underwrite with prudent security and lighting plans and consider tenant communication around property-level safety practices.
Recent trends are mixed: estimated violent offenses show a slight year-over-year decline, while property offenses show a small uptick. These are neighborhood-level signals rather than property-specific, and continued monitoring can help align operating budgets and tenant retention strategies.
The commuting shed connects residents to a diversified base of corporate offices that can support renter demand and retention, including energy infrastructure, consumer foods, waste services, logistics, and medical supplies distribution.
- Kinder Morgan energy infrastructure (28.6 miles)
- General Mills consumer foods (33.7 miles)
- Waste Management waste services (39.3 miles)
- Ryder Vehicle Sales transport & logistics sales (40.1 miles)
- Mckesson Medical Surgical medical supplies distribution (41.3 miles)
17175 Sequoia St is a 25-unit, 2003-vintage asset positioned in a neighborhood with solid occupancy and a sizable renter base. The vintage is newer than the area s typical 1980s stock, offering relative competitiveness while leaving room for selective upgrades to drive rents and retention. According to CRE market data from WDSuite, neighborhood occupancy trends near the mid-90s and renter concentration is meaningful, supporting demand durability.
Within a 3-mile radius, recent population and household growth, along with projections for continued household expansion by 2028, point to a larger tenant base and sustained leasing activity. A higher-cost ownership landscape relative to incomes reinforces reliance on multifamily, while a moderate rent-to-income ratio suggests manageable affordability pressure that can aid renewals. Key underwriting considerations include amenity gaps within the immediate neighborhood and safety metrics that trail metro and national medians.
- Newer 2003 vintage versus neighborhood average, with light value-add potential for rent lift
- Neighborhood occupancy in the mid-90s and a meaningful renter-occupied share support leasing stability
- 3-mile household growth and projected expansion through 2028 broaden the tenant base
- Ownership costs relative to income sustain multifamily reliance; moderate rent-to-income aids renewals
- Risks: limited nearby cafes/groceries/parks and safety metrics below metro/national medians