| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 28th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 W B St, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1972 |
| Units | 28 |
| Transaction Date | 2005-01-28 |
| Transaction Price | $15,100,000 |
| Buyer | DEFALCO JOHN A |
| Seller | PALMETTO VILLAS INVESTORS LLC |
1015 W B St, Ontario CA Multifamily Investment
Renter demand is deep and occupancy has trended stable for the surrounding neighborhood, according to WDSuite’s CRE market data, supporting steady leasing for a 28-unit asset in Ontario. Pricing power will hinge on balancing high local home values with rent-to-income levels that remain manageable for many households.
The property sits in Ontario’s Urban Core within the Riverside–San Bernardino–Ontario metro, where neighborhood occupancy is in the top quartile nationally (ranked against 997 metro neighborhoods). A high share of units are renter-occupied locally (also top percentile nationally), which indicates a large tenant base and supports demand depth for multifamily.
Everyday convenience is a relative strength: grocery access scores in the 98th percentile nationwide and restaurants are competitive (90th percentile), while cafés, parks, childcare, and pharmacies are less dense. For investors, this mix suggests solid daily-needs coverage that can aid retention, though limited park and café options may temper lifestyle appeal versus amenity-rich submarkets.
Within a 3-mile radius, population has been broadly stable over the past five years while household counts have held roughly flat, and WDSuite data points to a forecast increase in households alongside smaller average household size. That combination typically expands the renter pool and can support occupancy stability and leasing velocity.
Home values are elevated versus national norms, which often sustains reliance on rental housing; at the same time, neighborhood rent-to-income levels are comparatively moderate, helping mitigate affordability pressure and supporting lease retention. These dynamics, based on commercial real estate analysis from WDSuite, frame a market where renewal strategies and modest renovations can translate into consistent cashflow.
Relative to other neighborhoods in the Riverside–San Bernardino–Ontario metro (997 total), this area sits below the metro median on safety and tracks below the national median as well. National percentiles indicate mid-to-lower safety positioning, so prudent operators often emphasize lighting, access control, and resident engagement to support retention.
Recent year-over-year estimates suggest some volatility in reported offense rates. For investors, the takeaway is to underwrite with conservative assumptions, align security measures with property scale, and monitor submarket trendlines rather than block-level anecdotes.
Nearby employment includes waste services, logistics and vehicle sales, healthcare distribution, food manufacturing, and aerospace/industrial offices—providing a diverse commuter base that supports renter demand and lease stability.
- Waste Management — waste services (4.4 miles)
- Ryder Vehicle Sales — logistics & vehicle sales (4.9 miles)
- Mckesson Medical Surgical — medical distribution (7.1 miles)
- General Mills — food manufacturing (8.2 miles)
- United Technologies — aerospace/industrial offices (15.3 miles)
- Edison International — utility holding company (23.7 miles) — HQ
This Ontario asset benefits from a neighborhood with top-quartile occupancy nationally and a very high share of renter-occupied housing, pointing to durable demand and a deep tenant base. Elevated local home values reinforce reliance on rental product, while rent-to-income levels that are comparatively moderate support renewal strategies without overextending residents. According to CRE market data from WDSuite, grocery and restaurant access is strong, adding to everyday convenience that can aid retention.
Forward-looking demographics within a 3-mile radius show broadly stable population with forecasts for more households and smaller average household size—conditions that typically expand the renter pool and support leasing. Operators should still account for below-median safety positioning and selective amenity gaps (parks and cafés) when planning capital and management programs.
- Strong occupancy and high renter concentration support demand depth
- Elevated home values sustain rental reliance and pricing resilience
- Stable 3-mile population with projected household growth supports leasing
- Daily-needs retail access (grocers, restaurants) assists retention
- Risk: Below-median safety and limited park/café density warrant proactive management