| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 28th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1031 W B St, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1972 |
| Units | 35 |
| Transaction Date | 2005-01-28 |
| Transaction Price | $15,100,000 |
| Buyer | DEFALCO JOHN A |
| Seller | PALMETTO VILLAS INVESTORS LLC |
1031 W B St Ontario Multifamily Investment Opportunity
Renter demand is supported by a deep tenant base and steady neighborhood occupancy, based on CRE market data from WDSuite. Positioned for durable cash flow in Ontario’s Inland Empire corridor, with room to optimize operations over time.
Ontario’s Urban Core setting delivers everyday convenience and a broad renter pool. Neighborhood occupancy is in the mid-90s and has trended higher over the past five years, pointing to stable lease-up and retention dynamics. The area’s renter-occupied share is high (roughly seven in ten housing units), indicating a deep tenant base for multifamily operators.
Access to necessities is a relative strength: grocery options are dense (top decile nationally), and restaurant availability is also strong. However, within the immediate neighborhood footprint, cafes, parks, childcare, and pharmacies are limited, so investors should assume residents rely on nearby corridors for these amenities.
Within a 3-mile radius, population has been broadly stable while forecasts point to a modest increase in households by 2028, implying slightly smaller household sizes and a gradual expansion of the renter pool. Median incomes sit above national medians, and the rent-to-income profile suggests manageable affordability pressure, supporting lease retention and pricing discipline. Home values rank in the upper quintile nationally, reflecting a high-cost ownership market that tends to sustain demand for rental housing.
Relative to the Riverside–San Bernardino–Ontario metro, this neighborhood is above the metro median on housing fundamentals and competitive on amenity access, though broader demographic indicators are mixed. These local dynamics, combined with steady occupancy, provide a pragmatic backdrop for multifamily property research and underwriting.
Safety trends sit below national averages for comparable neighborhoods. The area ranks 911 out of 997 metro neighborhoods on WDSuite’s crime index, placing it below the metro average and around the lower fifth nationally. Recent year estimates indicate an uptick in reported incidents, so investors should underwrite to enhanced property-level security, lighting, and tenant engagement, and consider the effect on insurance and operating expenses.
As always, crime patterns vary block to block and over time. Monitoring updated local reports and coordinating with community programs can help support resident retention and overall operating stability.
Nearby employers provide a diversified blue- and white-collar employment base that supports renter demand and commute convenience. Key employers within commuting distance include Waste Management, Ryder Vehicle Sales, McKesson Medical Surgical, General Mills, and United Technologies.
- Waste Management — environmental services (4.3 miles)
- Ryder Vehicle Sales — transportation services (4.8 miles)
- Mckesson Medical Surgical — healthcare distribution (7.1 miles)
- General Mills — consumer foods (8.3 miles)
- United Technologies — industrial and aerospace offices (15.2 miles)
1031 W B St benefits from a renter-heavy neighborhood, steady high-90s occupancy, and dense daily-needs retail nearby, supporting durable demand and predictable leasing. According to CRE market data from WDSuite, the neighborhood’s housing fundamentals sit above the metro median, and a stable 3-mile population with projected household growth points to a gradually expanding tenant base over the next cycle.
Elevated ownership costs relative to national norms reinforce reliance on rental housing, while the rent-to-income profile indicates manageable affordability pressure that can support retention and measured rent growth. Amenity gaps (limited parks and cafes) and below-metro safety rankings are underwriting considerations, but proximity to a diversified employment base provides a counterbalance for occupancy stability.
- Renter-heavy neighborhood and mid-90s occupancy support stable leasing and renewals
- Dense grocery and strong restaurant access bolster day-to-day livability for tenants
- High-cost ownership market sustains rental demand and pricing power potential
- Risks: below-metro safety rankings, limited parks/cafes, and potential for higher operating costs tied to security