| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 24th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1004 E Deodar St, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1978 |
| Units | 26 |
| Transaction Date | 2013-09-09 |
| Transaction Price | $2,580,000 |
| Buyer | PLAN MADE 1140 LLC |
| Seller | YU MING INVESTMENT LLC |
1004 E Deodar St Ontario Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and above-median occupancy for the area, according to WDSuite’s CRE market data. These are neighborhood-level metrics, not property performance, and they point to durable leasing supported by a deep renter base.
The property sits in Ontario’s Urban Core, where neighborhood occupancy trends are above the national median and have been relatively stable over the past five years (neighborhood measure, not the asset). Renter concentration is high for the neighborhood, which supports depth of tenant demand and helps underpin leasing durability through cycles.
Daily-needs access is a relative strength: grocery options are dense for the neighborhood compared with national benchmarks, while cafes, parks, and pharmacies are limited. For investors, this mix points to practical livability that supports retention, with some amenity gaps that may make on-site features more important.
At a 3-mile radius, demographics show a broadly stable population with households expected to increase alongside smaller average household sizes, which can expand the effective renter pool and support occupancy stability. Income levels have been rising in the area, and median contract rents in the neighborhood sit above national norms, signaling pricing power where unit quality and management execution justify it.
The asset’s 1978 vintage is older than the neighborhood average year built, implying capital planning for systems and interiors. That age profile can also create straightforward value-add pathways where renovations align with local rent ceilings. Elevated home values in the neighborhood relative to incomes indicate a high-cost ownership market, which tends to reinforce multifamily reliance and supports tenant retention for well-managed properties.
Safety indicators are mixed at the neighborhood level. Overall safety sits below the national median, yet violent-offense metrics trend stronger than average compared with neighborhoods nationwide. Property-offense estimates recently showed a noticeable year-over-year increase, so prudent operators may wish to monitor near-term trends and incorporate lighting, access control, and resident engagement into management plans. These comparisons reflect the neighborhood versus regional and national patterns, not block-level conditions.
Nearby employers span logistics, food manufacturing, medical distribution, energy infrastructure, and environmental services, supporting a diversified workforce renter base and commute-friendly housing demand for this neighborhood.
- Waste Management — environmental services (6.5 miles)
- General Mills — food manufacturing (7.2 miles)
- Ryder Vehicle Sales — logistics & vehicle sales (7.3 miles)
- Mckesson Medical Surgical — medical supply distribution (8.8 miles)
- Kinder Morgan — energy infrastructure (15.3 miles)
1004 E Deodar St offers exposure to an Ontario submarket with above-median neighborhood occupancy and a notably high share of renter-occupied housing units, reinforcing depth of tenant demand. The 1978 construction suggests actionable value-add and modernization opportunities, with renovations positioned to capture neighborhood rent levels where operations and quality merit. Elevated ownership costs locally help sustain reliance on rental housing, supporting retention and pricing power for well-run assets.
Based on CRE market data from WDSuite, neighborhood-level rents and home values trend above national baselines while grocery access is strong and discretionary amenities are thinner—placing more emphasis on on-site features and professional management. Demographics within a 3-mile radius point to stable population trends and growth in household counts alongside smaller household sizes, which can widen the renter pool and support occupancy stability over a multi-year hold.
- High neighborhood renter concentration supports a deep tenant base and leasing durability.
- Above-median neighborhood occupancy and rising area incomes underpin rent and retention potential.
- 1978 vintage allows value-add through systems updates and interior renovations aligned to local rent ceilings.
- Elevated ownership costs in the neighborhood reinforce multifamily demand and pricing power for quality assets.
- Risks: mixed safety signals and limited neighborhood amenities (beyond groceries) call for proactive management and on-site feature differentiation.