| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 45th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9068 Sycamore Ave, Montclair, CA, 91763, US |
| Region / Metro | Montclair |
| Year of Construction | 2013 |
| Units | 27 |
| Transaction Date | 2015-04-08 |
| Transaction Price | $108,500,000 |
| Buyer | PASEOS CYPRESS LLC |
| Seller | 4914 OLIVE STREET PROPERTIES LLC |
9068 Sycamore Ave, Montclair CA Multifamily Opportunity
Newer 2013 construction in an inner-suburb location where renter demand is reinforced by elevated ownership costs and stable neighborhood occupancy, according to WDSuite s commercial real estate analysis.
The property sits in an Inner Suburb neighborhood rated A and positioned in the top quartile among 997 metro neighborhoods in Riverside San Bernardino Ontario. Dining and caf e9 density is a local strength (restaurants and caf e9s benchmark in the high national percentiles), while grocery and pharmacy access compares favorably to U.S. norms. Average school ratings trend above national averages, supporting family-oriented renter demand.
Vintage matters here: with an average neighborhood construction year of 1986, the subject a02013 build is newer than much of the local stock. That typically enhances leasing competitiveness versus older assets, though investors should still underwrite routine modernization over the hold.
Renter concentration is roughly six in ten housing units, indicating a deep tenant base that supports leasing continuity. Neighborhood occupancy is above the national median, and median contract rents sit in the upper national percentiles; combined with a low rent-to-income ratio locally, this suggests manageable affordability pressure that can aid retention.
Within a 3-mile radius, WDSuite e2 80 99s multifamily property research shows steady population and household growth with rising household incomes. Forward-looking projections point to additional household gains through 2028, which implies a larger renter pool and supports occupancy stability.
Neighborhood safety benchmarks compare favorably at the national level, with violent-offense indicators in a high national percentile (safer than most U.S. neighborhoods). Property-offense measures also rate better than national norms, though investors should note a recent uptick in property incidents year over year and plan for practical measures such as lighting, access control, and package management.
On a metro basis, results are competitive among Riverside San Bernardino Ontario neighborhoods, but conditions can vary block to block. Use on-the-ground diligence alongside WDSuite e2 80 99s trending data to calibrate operating practices and insurance assumptions.
Nearby employers span transportation, environmental services, healthcare distribution, consumer foods, and utilities e2 80 94a diverse base that supports workforce housing demand and commuting convenience.
- Ryder Vehicle Sales a0 transportation & logistics sales (5.2 miles)
- Waste Management a0 environmental services (6.0 miles)
- Mckesson Medical Surgical a0 medical distribution (8.9 miles)
- General Mills a0 consumer foods (10.4 miles)
- Edison International a0 utility holding company (22.1 miles) a0 HQ
Built in 2013, this 27-unit asset offers newer-vintage positioning relative to a neighborhood where the average build year trends older, supporting leasing competitiveness versus legacy stock. Elevated home values and a high value-to-income profile in the area reinforce renter reliance on multifamily housing, while neighborhood occupancy remains above national medians. Within a 3-mile radius, population and households are growing alongside higher median incomes, expanding the tenant base and supporting rent durability.
According to CRE market data from WDSuite, local rents benchmark in upper national percentiles while rent-to-income levels indicate manageable affordability pressure e2 80 94a constructive setup for retention and steady cash flow. Investors should still underwrite routine capital for modernization and monitor recent property-crime trends, but the combination of newer construction, diversified nearby employment, and steady demographic tailwinds presents a balanced long-term thesis.
- Newer 2013 construction competes well versus older neighborhood stock
- High ownership costs support sustained multifamily rental demand
- Occupancy above national medians with growing 3-mile renter pool
- Diverse nearby employers underpin workforce housing demand
- Risk: monitor property-crime trends and plan pragmatic security measures