| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 43rd | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 61451 Verbena Rd, Joshua Tree, CA, 92252, US |
| Region / Metro | Joshua Tree |
| Year of Construction | 1992 |
| Units | 50 |
| Transaction Date | 2012-05-30 |
| Transaction Price | $106,500 |
| Buyer | YUCCA TRAILS COMMUNITY PARTNERS LP |
| Seller | YUCCA WARREN VISTA ASSOCIATES LTD |
61451 Verbena Rd Joshua Tree Multifamily Investment
Built in 1992, this 50-unit asset is newer than much of the surrounding stock and positions well for durable renter demand in a high-cost ownership market, according to WDSuite’s CRE market data. The key investor takeaway is relative competitiveness versus older neighborhood product with potential for targeted modernization.
Joshua Tree’s neighborhood performance sits mid-pack within the Riverside–San Bernardino–Ontario metro (B- rating; rank 562 out of 997 neighborhoods), with demand shaped by a high-cost ownership landscape. The neighborhood’s value-to-income ratio is among the highest nationally, which tends to sustain reliance on rentals and can support pricing power for well-managed multifamily assets.
Local amenity density is modest but functional. Grocery access trends near the national middle, while pharmacies and cafes benchmark above average nationally. Parks and licensed childcare are limited in close proximity, which may skew demand toward adult and workforce renters rather than family-focused households.
Tenure patterns indicate a meaningful renter-occupied share (around 37% of units within a 3-mile radius), providing a tangible tenant base for multifamily leasing. Neighborhood occupancy (measured at the neighborhood level, not the property) trends softer than national norms, so operators should emphasize leasing velocity, renewal management, and product differentiation.
Within a 3-mile radius, demographics show recent population contraction with smaller household sizes emerging over time. Projections point to more households despite a slight decrease in total residents, which can expand the addressable renter pool even as unit mix and price points should be calibrated to value-conscious demand. Median contract rents remain comparatively accessible versus coastal California, but a higher rent-to-income ratio locally suggests attention to affordability pressure and retention strategy. These dynamics are based on commercial real estate analysis from WDSuite’s dataset.
Safety metrics for the neighborhood are mixed. The area ranks 628 out of 997 metro neighborhoods for crime and sits below the national median on safety. Recent trends are divergent: estimated property offenses decreased meaningfully year over year, while estimated violent offenses ticked up, according to WDSuite’s CRE market data. Interpreting these signals at the neighborhood level (not the property) suggests operators should maintain standard risk controls and emphasize lighting, access management, and resident engagement.
The employment base within commuting reach is diversified at the regional level, supporting workforce renter demand. Notable nearby employer shown below can contribute to leasing stability for residents seeking predictable commutes.
- Waste Management — environmental services (27.2 miles)
The 1992 vintage offers a competitive edge versus the neighborhood’s older average stock, creating potential for targeted value-add through unit updates and systems modernization. High ownership costs in the area tend to reinforce renter reliance on multifamily housing, while neighborhood-level occupancy softness underscores the importance of differentiated positioning and active renewal strategy. According to CRE market data from WDSuite, amenity access is serviceable, and the renter pool remains material despite shifting demographics.
Within a 3-mile radius, recent population declines coincide with smaller household sizes and a projected increase in household counts, which can support a stable tenant base for well-priced units. Investors should calibrate finishes and rent levels to manage affordability pressure and support retention, leveraging the asset’s relative youth and scale to compete against older properties.
- 1992 construction offers a relative edge versus older neighborhood stock with targeted value-add upside
- High-cost ownership market reinforces reliance on rentals, supporting depth of tenant demand
- Serviceable amenities and regional employment access support leasing for workforce renters
- Risk: softer neighborhood occupancy and affordability pressure call for disciplined leasing and renewal management