| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 19th | Poor |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9901 9th Ave, Hesperia, CA, 92345, US |
| Region / Metro | Hesperia |
| Year of Construction | 2008 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9901 9th Ave Hesperia 22-Unit Multifamily
Neighborhood occupancy ranks at the top of the metro, according to WDSuite’s CRE market data, supporting durable renter demand; elevated ownership costs in the area further sustain reliance on multifamily rentals.
The Suburban neighborhood around 9901 9th Ave offers practical livability: parks, pharmacies, childcare, and restaurants index above national norms, while cafe density is limited. For investors, this mix favors everyday convenience and resident retention rather than destination retail appeal.
School ratings test low versus national benchmarks, which is a consideration for family-oriented unit mixes. By contrast, housing indicators trend above national midpoints, and elevated home values relative to incomes signal a high-cost ownership market that can reinforce rental demand and lease stability.
The property’s 2008 construction is newer than the neighborhood’s average vintage (1986), which supports competitive positioning versus older stock. Investors should still plan for mid-life system updates and targeted modernization to sustain performance.
Tenure dynamics suggest demand depth: within the immediate neighborhood, the share of housing units that are renter-occupied is about one-third (more owner-occupied), while within a 3-mile radius renter concentration is closer to one-half, expanding the tenant base for multifamily. Neighborhood occupancy is ranked first among 997 metro neighborhoods, a backdrop that supports leasing stability. This commercial real estate analysis leverages market benchmarks from WDSuite.
Safety signals track near the national average overall (around the 50th percentile), and recent data show a meaningful year-over-year decline in property offenses—a constructive trend noted in WDSuite’s CRE data.
Within the Riverside–San Bernardino–Ontario metro (997 neighborhoods), the area sits around the metro midpoint rather than the top quartile. Interpreting ranks: higher national percentiles indicate comparatively safer conditions, while a lower metro rank reflects relatively more reported crime than neighborhoods with higher ranks. Standard property-level measures (lighting, access control, screening) are appropriate underwriting assumptions.
A cluster of regional employers within commuting distance underpins workforce housing demand and supports resident retention, with exposure to energy infrastructure, consumer goods, environmental services, logistics, and healthcare distribution.
- Kinder Morgan — energy infrastructure (25.8 miles)
- General Mills — consumer goods (30.6 miles)
- Waste Management — environmental services (36.3 miles)
- Ryder Vehicle Sales — logistics & fleet services (37.0 miles)
- Mckesson Medical Surgical — healthcare distribution (38.2 miles)
Built in 2008 across 22 units, the property competes well against an older local base, supporting leasing and relative competitiveness on finishes and systems. According to CRE market data from WDSuite, neighborhood occupancy ranks first among 997 metro neighborhoods, indicating strong utilization of existing housing and a backdrop conducive to stable collections.
Within a 3-mile radius, recent population and household growth, plus projections for additional household expansion, point to a larger tenant base over time. Elevated ownership costs at the neighborhood level tend to sustain multifamily demand and lease retention. Investors should budget for mid-life capital items and monitor family renter demand given lower school ratings and limited walkable amenity depth.
- Newer 2008 vintage versus older neighborhood stock supports competitive positioning and rent trade-outs.
- Top-ranked neighborhood occupancy (1 of 997) points to strong leasing stability, per WDSuite data.
- High-cost ownership context reinforces renter reliance, aiding retention and pricing power management.
- Risks: lower school ratings and limited cafe amenity depth; plan for mid-life systems and targeted renovations.