| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Poor |
| Demographics | 26th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1017 Coronado St, Needles, CA, 92363, US |
| Region / Metro | Needles |
| Year of Construction | 1985 |
| Units | 22 |
| Transaction Date | 1998-07-01 |
| Transaction Price | $416,000 |
| Buyer | FEDERAL HOME LOAN MORTGAGE CORPORATION |
| Seller | SMITH ROBERT B |
1017 Coronado St Needles Multifamily Investment
Neighborhood occupancy trends in the mid-80s with renter concentration around 43%, supporting a stable tenant base according to WDSuite’s CRE market data. Positioned for pragmatic operations at 22 units, the asset sits in a renter-reliant pocket of San Bernardino County.
This suburban Needles location skews renter-reliant, with about 43% of housing units renter-occupied, indicating a meaningful tenant base for multifamily demand. Neighborhood occupancy has edged up in recent years, helping support leasing stability relative to local alternatives based on CRE market data from WDSuite.
Within a 3-mile radius, population and households have expanded in the last five years, and additional growth is expected through the next planning window. This enlarges the local renter pool and supports sustained absorption, even as household sizes moderate over time.
Amenities are limited—few cafes and childcare options—while parks and pharmacies are closer to national midrange (around the 60th percentile). Average school ratings track below national levels, a consideration for unit mix strategy and family-oriented leasing. These dynamics suggest marketing that emphasizes everyday convenience and value, rather than lifestyle-driven amenity competition.
The 1985 vintage is newer than much of the surrounding stock, which averages from the 1950s. That relative age can be a competitive edge versus older product, while still leaving room for targeted modernization to strengthen positioning and reduce near-term CapEx surprises.
Ownership costs appear elevated relative to local incomes (high national value-to-income standing), which tends to reinforce renter reliance on multifamily housing. At the same time, rent-to-income levels point to some affordability pressure, suggesting disciplined renewals and revenue management to balance pricing power with retention.
Safety indicators for the neighborhood sit near the national midpoint, according to WDSuite’s CRE market data. Both property and violent offense rates have trended lower over the past year, an encouraging direction for long-term leasing outlooks.
Investors should underwrite to neighborhood-level trends rather than block-level assumptions, monitor ongoing changes, and consider standard measures (lighting, access control, and community engagement) that can help support resident retention and operational stability.
1017 Coronado St offers 22 units in a renter-leaning Needles submarket where neighborhood occupancy has improved modestly and renter-occupied housing represents a substantial share of units. The 1985 construction is newer than much of the surrounding housing stock, providing a relative quality advantage while preserving value-add upside through selective interior and systems updates. According to CRE market data from WDSuite, ownership costs remain high relative to incomes in this area, which supports continued reliance on rental housing; however, rent-to-income levels indicate the need for careful lease management to protect retention.
Within a 3-mile radius, recent population and household growth expands the tenant base, with further gains projected. Limited nearby amenities and below-average school ratings suggest a pragmatic positioning strategy focused on reliability, everyday convenience, and cost-conscious renters rather than amenity-led competition.
- Renter concentration and steady neighborhood occupancy support demand and leasing stability.
- 1985 vintage is newer than area norms, with room for targeted modernization to enhance competitiveness.
- Elevated ownership costs versus incomes reinforce reliance on rentals, sustaining the local renter pool.
- 3-mile population and household growth expands the tenant base, aiding absorption and occupancy.
- Risks: limited amenities and below-average schools; manage rent-to-income to support retention and cash flow.