| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 18th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17502 Sequoia St, Hesperia, CA, 92345, US |
| Region / Metro | Hesperia |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2005-01-13 |
| Transaction Price | $1,262,500 |
| Buyer | ZHANG YANTING |
| Seller | ASHER RONALD D |
17502 Sequoia St Hesperia Multifamily Investment
This 20-unit property in Hesperia offers exposure to an inner suburb neighborhood with high rental housing share and growing regional rental demand, according to CRE market data from WDSuite.
Located in Hesperia's inner suburb environment, this property sits within a neighborhood that ranks in the top quartile nationally for rental housing concentration, with 41.7% of units occupied by renters. The neighborhood's 94.2% occupancy rate demonstrates stable rental demand fundamentals, while demographic data aggregated within a 3-mile radius shows a growing population base of 46,832 residents projected to reach 56,796 by 2028.
Built in 1988, this property aligns with the neighborhood's average construction vintage of 1986, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to modernize units. The area's median contract rent of $1,473 has grown 65.2% over five years, reflecting strong rental pricing momentum in this San Bernardino County submarket.
The neighborhood's housing fundamentals rank in the 73rd national percentile, supported by a rent-to-income ratio of 0.29 that suggests affordable rental options for the local workforce. Projected household growth from 15,383 to 21,819 units by 2028 indicates expanding renter pool potential, while forecast median rent increases to $2,348 suggest continued pricing power for well-positioned multifamily assets.
Amenity density remains limited with minimal walkable retail and dining options, though pharmacy access ranks in the 92nd national percentile. The neighborhood's inner suburb character appeals to families seeking affordable housing options, with average household size of 3.4 persons supporting demand for larger unit configurations.
The neighborhood's crime metrics reflect moderate safety conditions relative to the broader Riverside-San Bernardino metro area. Property crime rates rank 721st among 997 metro neighborhoods, placing it in the lower-middle tier for property offenses, while violent crime rates rank 736th, indicating similar positioning within the regional context.
Year-over-year trends show property crime increased 1.6% while violent crime decreased 0.8%, suggesting mixed directional movement. These safety metrics should be considered alongside broader market fundamentals when evaluating tenant appeal and retention strategies for this inner suburb location.
The broader San Bernardino region provides access to major corporate employers, though distances require commute considerations for tenant targeting strategies.
- Kinder Morgan — energy infrastructure (28.8 miles)
- General Mills — food manufacturing (34.0 miles)
- Waste Management — environmental services (39.7 miles)
- Ryder Vehicle Sales — transportation services (40.4 miles)
- McKesson Medical Surgical — healthcare distribution (41.6 miles)
This 20-unit Hesperia property offers investors exposure to a neighborhood with strong rental housing fundamentals, including 94.2% occupancy rates and a high 41.7% renter-occupied unit share that ranks in the 82nd national percentile. Built in 1988, the property aligns with neighborhood vintage averages while presenting potential value-add renovation opportunities to capture growing rental demand from projected household expansion.
Demographics within a 3-mile radius support multifamily investment thesis, with population growth from 46,832 to 56,796 residents forecast through 2028 and household formation increasing by 41.8%. Commercial real estate analysis from WDSuite indicates rent growth momentum, with neighborhood median rents rising 65.2% over five years and forecast to reach $2,348, suggesting continued pricing power in this San Bernardino County submarket.
- High rental concentration neighborhood with 94.2% occupancy stability
- Strong demographic growth trajectory with 21% population increase projected by 2028
- Value-add renovation potential given 1988 construction vintage
- Affordable rent-to-income ratio supporting workforce housing demand
- Risk consideration: Limited walkable amenities may impact tenant retention strategies