| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 58th | Best |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24530 University Ave, Loma Linda, CA, 92354, US |
| Region / Metro | Loma Linda |
| Year of Construction | 1977 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
24530 University Ave, Loma Linda CA Multifamily Investment
Neighborhood-level data points to a deep renter base and improving crime trends, according to WDSuite’s CRE market data. These indicators support demand resilience for a 60-unit asset while signaling careful leasing management given submarket-level occupancy readings are neighborhood metrics, not property performance.
This Inner Suburb location in the Riverside–San Bernardino–Ontario metro rates a B overall and is competitive among 997 metro neighborhoods (ranked 379). Daily needs are convenient, with grocery and pharmacy access in the top quartile nationally, while restaurants also track in the top quartile. By contrast, the neighborhood has limited park, cafe, and childcare density, so onsite amenities and thoughtful placemaking can help with retention.
The renter-occupied share in the neighborhood is high (about 73% of housing units), indicating a sizable tenant base and steady leasing funnel for multifamily. However, neighborhood occupancy is below national medians and has eased over five years, so underwriting should emphasize leasing cadence and renewal strategy as neighborhood statistics can differ from property performance.
Within a 3-mile radius, demographics point to a stable and expanding renter pool: population and household counts have grown and are projected to increase further over the next five years, with household growth outpacing population, which typically supports multifamily absorption and lease-up velocity. Median contract rents in this 3-mile area have risen and are forecast to continue advancing, and multifamily property research from WDSuite suggests this momentum aligns with rising household incomes in the area.
Ownership costs in the neighborhood sit on the higher end nationally, which tends to reinforce reliance on rental housing and support pricing power for well-positioned assets. The property’s 1977 vintage is newer than the neighborhood’s average construction year, supporting competitive positioning versus older stock; investors should still plan for system modernization and targeted value-add to capture rent premiums.
Safety indicators are mixed but trending better. The neighborhood is competitive among Riverside–San Bernardino–Ontario neighborhoods (rank 286 of 997) and sits modestly above the national middle in overall safety (around the 57th percentile). Property offenses have declined sharply year over year, placing that improvement in the upper tier nationally, while violent offense rates are slightly below the national middle but also improving. Interpreting these as neighborhood-level trends, investors can position on security, lighting, and community engagement to support tenant retention.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience. Key employers include Kinder Morgan, General Mills, McKesson Medical Surgical, and Waste Management.
- Kinder Morgan — energy infrastructure offices (5.7 miles)
- General Mills — food products offices (14.3 miles)
- General Mills — food products offices (15.3 miles)
- Mckesson Medical Surgical — healthcare distribution offices (24.0 miles)
- Waste Management — environmental services offices (24.2 miles)
This 60-unit, 1977-vintage asset benefits from a large renter pool in a neighborhood with strong daily-needs access and rising incomes. Within a 3-mile radius, population and households are expanding, which supports absorption and renewal prospects. According to CRE market data from WDSuite, neighborhood-level occupancy runs below national medians, so asset-specific leasing execution and amenity programming will be important to sustain stability.
Elevated neighborhood home values underpin sustained rental reliance, and the property’s vintage is newer than the area’s average, offering a platform for targeted renovations to enhance competitiveness versus older stock. Safety metrics are improving, and proximity to regional employers helps diversify the tenant base and support lease retention.
- Deep neighborhood renter concentration supports demand for a 60-unit community
- 1977 vintage offers value-add and system modernization potential versus older local stock
- Daily-needs access (grocery, pharmacy, restaurants) in top quartile nationally aids retention
- Expanding 3-mile household base and rising incomes support rent growth and occupancy
- Risk: neighborhood-level occupancy trails national norms; active leasing and amenity strategy recommended