| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 24th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1003 E Deodar St, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1978 |
| Units | 32 |
| Transaction Date | 2010-07-01 |
| Transaction Price | $1,650,000 |
| Buyer | Raymond Hung |
| Seller | Conix, Inc. |
1003 E Deodar St Ontario CA Multifamily Value-Add
Neighborhood-level occupancy in the mid-90s and a renter-occupied share above half indicate resilient leasing conditions around the property, according to WDSuite’s CRE market data. Elevated local home values further sustain renter demand; all metrics reference the surrounding neighborhood, not the property.
The property sits within Ontario’s Urban Core where neighborhood occupancy trends are steady and renter demand is reinforced by a renter-occupied share above half of housing units. Median contract rents in the neighborhood have risen over the past five years, while neighborhood occupancy remains healthy, supporting income stability for comparable assets.
Amenities are mixed: grocery access is strong (high national percentile), and restaurants are comparatively dense nationally, but parks, cafes, childcare, and pharmacies are limited within the immediate neighborhood. Investors should underwrite with the expectation that daily needs are largely met by nearby grocers and dining, while some lifestyle amenities may require a wider trade-area draw.
Within a 3-mile radius, demographics show a large working-age base and historically stable population counts, with forecasts indicating more households alongside smaller average household sizes. This combination can expand the tenant base and support occupancy even if population growth softens, as more households typically translate into more prospective renters in comparable submarkets.
Home values in the neighborhood are elevated on a national basis, and the value-to-income ratio ranks among the higher tiers nationally. For multifamily investors, a high-cost ownership market tends to sustain reliance on rentals and can aid lease retention and pricing power, while rent-to-income metrics near typical levels suggest manageable affordability pressure for many renter households.
Neighborhood safety indicators are mixed when compared nationally. Overall crime levels track below the national median (lower national percentile), while violent offense rates are comparatively favorable (higher national percentile). Recent property-crime readings show volatility, so investors should review current trend lines and plan for standard safety measures common to Urban Core locations in the Riverside–San Bernardino–Ontario metro.
Proximity to regional corporate operations supports a broad workforce renter base and commute convenience, led by waste and environmental services, food manufacturing, logistics/fleet, healthcare distribution, and energy infrastructure employers listed below.
- Waste Management — waste & environmental services (6.5 miles)
- General Mills — food manufacturing (7.2 miles)
- Ryder Vehicle Sales — logistics & fleet (7.4 miles)
- Mckesson Medical Surgical — healthcare distribution (8.9 miles)
- Kinder Morgan — energy infrastructure (15.3 miles)
Built in 1978, this 32-unit asset offers value-add potential relative to a neighborhood average vintage from the late 1980s. Modernization of interiors and building systems can enhance competitive positioning against newer stock while supporting rent growth on a compact average unit size of 618 sq. ft. Neighborhood indicators point to steady renter demand: occupancy trends remain healthy, renter-occupied housing is above half, and elevated ownership costs help sustain reliance on multifamily rentals.
According to WDSuite’s commercial real estate analysis, neighborhood-level rents and occupancy remain supportive versus national peers, and 3-mile demographics indicate rising household counts alongside smaller household sizes, which can expand the tenant pool and support leasing stability. Key underwriting considerations include mixed amenity depth, below-average school ratings, and variable property-crime trends typical of Urban Core settings.
- 1978 vintage points to value-add and CapEx planning upside versus newer neighborhood stock
- Healthy neighborhood occupancy and renter concentration support steady leasing
- Elevated local home values reinforce rental demand and potential pricing power
- 3-mile household growth with smaller household sizes broadens the renter pool
- Risks: limited nearby lifestyle amenities, below-average school ratings, and variable property-crime trends