| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 18th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17219 Sequoia St, Hesperia, CA, 92345, US |
| Region / Metro | Hesperia |
| Year of Construction | 2005 |
| Units | 56 |
| Transaction Date | 2002-07-05 |
| Transaction Price | $88,000 |
| Buyer | RIM PROPERTIES |
| Seller | GARCIA JOSE |
17219 Sequoia St, Hesperia CA Multifamily Investment
2005 construction and a mid-size unit count position this asset to compete against older local stock while serving steady renter demand, according to WDSuite’s CRE market data.
Located in Hesperia within the Riverside–San Bernardino–Ontario metro, the property sits in an Inner Suburb neighborhood rated C+. Neighborhood occupancy is in the mid-90s and trends near the national upper tier, indicating stable leasing conditions at the neighborhood level per WDSuite’s CRE market data. Renter concentration is competitive among Riverside–San Bernardino–Ontario neighborhoods, supporting a deeper tenant base for multifamily operators.
Relative to metro peers, overall amenities track around the metro median, with restaurants represented while everyday conveniences like grocery and cafes are thinner in the immediate area; pharmacies are comparatively well represented. For investors, that mix suggests residents may rely on short drives for certain errands, but basic services are accessible within the broader trade area.
The local housing stock skews older than this property (neighborhood average construction year is 1986), which gives 2005-vintage assets a competitive edge in finishes and systems relative to many nearby alternatives. This positioning can aid leasing and reduce near-term capital exposure compared with older comparables, though targeted modernization can still sharpen appeal.
Within a 3-mile radius, the population and household counts have expanded and are projected to continue growing over the next five years, pointing to renter pool expansion. Rising household incomes in the same radius further support demand durability, while a rent-to-income ratio around 29% suggests room for disciplined revenue management without overextending affordability. Elevated home values in the region relative to incomes indicate a high-cost ownership market, which tends to sustain reliance on rental housing and can support pricing power and retention.
Safety trends in the immediate neighborhood are mixed. Compared with neighborhoods nationwide, the area sits below the national midline for safety, while within the Riverside–San Bernardino–Ontario metro it ranks in the lower half of the 997 neighborhoods. Recent data indicate a modest year-over-year decline in violent offense rates alongside a small increase in property offenses, signaling a nuanced picture rather than a single-direction trend.
For investors, the takeaway is to incorporate standard security design and operating practices and to evaluate property-level measures and historical incident data during diligence. Monitoring metro and neighborhood trendlines can help align asset plans with evolving conditions.
Regional employment access is anchored by logistics, energy, manufacturing, and healthcare-related employers within commuting range, which can support renter demand and lease retention for workforce-oriented units. The list below reflects notable nearby corporate operations relevant to the property’s commute shed.
- Kinder Morgan — energy infrastructure (28.6 miles)
- General Mills — food manufacturing offices (33.7 miles)
- Waste Management — environmental services (39.4 miles)
- Ryder Vehicle Sales — transportation & logistics (40.1 miles)
- Mckesson Medical Surgical — healthcare distribution (41.3 miles)
This 56-unit, 2005-vintage property benefits from a neighborhood where occupancy sits in the mid-90s and renter concentration is competitive among metro peers, supporting demand stability. The vintage is newer than the neighborhood average, offering competitive positioning versus older stock and potentially lower near-term capital needs, while selective upgrades can enhance rentability. Elevated ownership costs relative to incomes in the area tend to reinforce reliance on rental housing, and within a 3-mile radius both population and household counts are projected to grow, expanding the tenant base. According to CRE market data from WDSuite, neighborhood-level fundamentals align with steady leasing and disciplined revenue management rather than outsized volatility.
Key considerations include thinner immediate amenities and safety metrics that trail national averages, which warrant active property management, resident experience programming, and prudent underwriting. Even so, the combination of growth in the local renter pool, a mid-2000s vintage, and metro-level demand drivers provides a balanced long-term thesis.
- 2005 vintage competes well against older neighborhood stock; targeted upgrades can add value
- Neighborhood occupancy near the national upper tier supports leasing stability
- Expanding 3-mile population and households point to renter pool expansion and retention potential
- Elevated ownership costs underpin rental demand and pricing discipline
- Risks: amenity density is limited nearby and safety ranks below national averages—underwrite security and operations accordingly