| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 9th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2085 Central Ave, Highland, CA, 92346, US |
| Region / Metro | Highland |
| Year of Construction | 1985 |
| Units | 92 |
| Transaction Date | 2012-03-01 |
| Transaction Price | $4,525,000 |
| Buyer | John & Shiangling Lin Wong |
| Seller | Higland Club |
2085 Central Ave Highland Multifamily Investment
This 92-unit property built in 1985 benefits from strong neighborhood occupancy at 95.4% and high rental demand in an area where 66.5% of housing units are renter-occupied, according to CRE market data from WDSuite.
Highland's Inner Suburb neighborhood demonstrates solid rental fundamentals with 95.4% occupancy and strong renter demand, where 66.5% of housing units are renter-occupied—ranking in the top 4% of neighborhoods nationally. The median contract rent of $1,398 positions the area competitively within the Riverside-San Bernardino-Ontario metro market.
Demographics within a 3-mile radius show a stable tenant base with 88,086 residents and moderate household growth of 3.8% over five years. The median household income of $70,943 provides rental affordability, while projected income growth to $90,281 by 2028 suggests strengthening tenant purchasing power. The area maintains a balanced age distribution with 27% of residents aged 18-34, supporting sustained rental demand.
The 1985 construction year aligns with the neighborhood average vintage of 1968, indicating opportunities for value-add improvements and modernization to capture rent premiums. Grocery store density ranks in the top 7% nationally with 3.99 stores per square mile, enhancing tenant convenience and retention appeal, though the area shows limited cafe and park amenities that could affect competitive positioning.
The neighborhood demonstrates exceptionally strong safety metrics with violent crime rates ranking 3rd lowest among 997 metro neighborhoods, placing it in the 98th percentile nationally. Property crime rates also perform well, ranking 66th of 997 neighborhoods and achieving the 85th percentile compared to neighborhoods nationwide.
Recent crime trends show significant improvement, with violent offenses declining 77.3% year-over-year, ranking 24th best among metro neighborhoods for crime reduction. These safety fundamentals support tenant retention and can justify competitive rental rates in the Highland market.
The area benefits from proximity to established corporate employers within reasonable commuting distance, supporting workforce housing demand and tenant stability.
- Kinder Morgan — energy infrastructure (10.2 miles)
- General Mills — food manufacturing (19.7 miles)
- Waste Management — environmental services (28.4 miles)
- Mckesson Medical Surgical — healthcare distribution (28.7 miles)
This Highland property presents a compelling value-add opportunity with strong rental fundamentals underpinning investment potential. The neighborhood's 95.4% occupancy rate and 66.5% renter-occupied housing stock demonstrate consistent demand, while the 1985 vintage offers renovation upside to capture higher rents. Demographics within a 3-mile radius show household income growth from $70,943 to a projected $90,281 by 2028, supporting rent growth potential alongside forecast rental market expansion.
According to multifamily property research from WDSuite, the area combines affordability with safety appeal, ranking in the top 2% nationally for low violent crime. However, investors should monitor the limited amenity base and below-average school ratings that may impact tenant attraction compared to competing submarkets.
- Strong occupancy at 95.4% with high rental demand in renter-dominant market
- Value-add potential from 1985 vintage with renovation upside opportunity
- Projected household income growth of 27% supports rent appreciation
- Exceptional safety profile ranking in top 2% nationally for violent crime
- Limited amenities and below-average schools may constrain tenant pool expansion