| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 9th | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6787 Cole Ave, Highland, CA, 92346, US |
| Region / Metro | Highland |
| Year of Construction | 1988 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6787 Cole Ave Highland Multifamily Investment
This 76-unit Highland property operates in a neighborhood with strong occupancy fundamentals and established rental demand. According to CRE market data from WDSuite, neighborhood-level occupancy rates remain above metro averages at 95.4%.
Highland's Inner Suburb classification reflects an established residential community with stable rental dynamics. The neighborhood demonstrates strong occupancy fundamentals with 95.4% neighborhood-level occupancy rates, ranking in the 73rd percentile nationally. Renter-occupied units comprise 66.5% of housing stock, placing the area in the top quartile nationally for rental concentration and supporting consistent tenant demand.
The property's 1988 construction year aligns with neighborhood averages, suggesting potential value-add opportunities through strategic renovations and unit upgrades. Within a 3-mile radius, demographic data shows a population of approximately 80,700 residents with median household income of $77,705. Five-year projections indicate household growth of 38.9%, with median rents expected to increase 46.8% to over $2,000, supporting future rental income potential.
Grocery access ranks in the 93rd percentile nationally with nearly 4 stores per square mile, while childcare availability places in the 79th percentile. However, the neighborhood shows limited amenity density in dining and entertainment options, ranking in the 40th percentile nationally for overall amenities. School ratings average 0.5 out of 5, which may influence family tenant retention and should be considered in leasing strategies.
Current median contract rents of $1,398 maintain affordability relative to area incomes, though rent-to-income ratios suggest monitoring for potential affordability pressures as projected rent increases materialize. The combination of strong occupancy rates, rental concentration, and projected household growth supports the neighborhood's rental housing demand fundamentals.
Highland demonstrates favorable safety metrics for multifamily investors, with property crime rates of 16.8 incidents per 100,000 residents ranking in the 85th percentile nationally among neighborhoods. Violent crime rates are exceptionally low at 1.3 incidents per 100,000 residents, placing the neighborhood in the 98th percentile nationwide and indicating strong personal safety conditions that support tenant retention.
Recent crime trends show improvement, with violent crime decreasing 77.3% year-over-year, ranking in the 96th percentile nationally for crime reduction. These safety fundamentals contribute to the neighborhood's overall investment appeal and may support stable occupancy and renewal rates over time.
Highland benefits from proximity to diversified corporate employment, with major employers within commuting distance supporting workforce housing demand.
- Kinder Morgan — energy infrastructure (10.4 miles)
- General Mills — consumer goods manufacturing (19.6 miles)
- Waste Management — environmental services (28.7 miles)
- Mckesson Medical Surgical — healthcare distribution (29.0 miles)
This Highland multifamily asset presents stable fundamentals supported by strong neighborhood occupancy rates and established rental demand. The property's 1988 vintage offers value-add potential through strategic renovations, while the area's 66.5% rental concentration provides a deep tenant pool. Projected household growth of 38.9% over five years, combined with median rent increases expected to reach $2,024, supports long-term income growth potential.
According to multifamily property research from WDSuite, the neighborhood's safety profile ranks in the top quartile nationally, with violent crime at exceptionally low levels. However, investors should consider the limited amenity base and below-average school ratings when evaluating tenant demographics and retention strategies. The combination of stable occupancy fundamentals and renovation upside positions this asset for both income stability and value enhancement.
- Neighborhood occupancy rates at 95.4% rank in 73rd percentile nationally
- Strong rental concentration with 66.5% of units renter-occupied
- 1988 construction offers value-add renovation opportunities
- Projected 38.9% household growth supports tenant demand expansion
- Limited amenities and below-average schools may impact family tenant retention