| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Fair |
| Demographics | 36th | Fair |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1051 E 4th St, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1989 |
| Units | 101 |
| Transaction Date | 2019-11-08 |
| Transaction Price | $1,550,000 |
| Buyer | CINNAMON RIDGE APTS LP |
| Seller | CINNAMON RIDGE APARTMENTS LP |
1051 E 4th St, Ontario CA Multifamily Investment
Neighborhood occupancy trends are above national medians and homeownership costs are elevated for the metro, supporting durable renter demand according to WDSuite s CRE market data. Positioning in Ontario provides access to Inland Empire employment nodes and a broad renter pool.
This Inner Suburb location in Ontario sits within the Riverside San Bernardino Ontario metro, where the neighborhood is rated C+ and performs around the middle of the pack among 997 metro neighborhoods. Rents in the surrounding area run higher than national medians, and neighborhood occupancy is above the national midpoint, indicating steady renter demand at the submarket level (metrics reflect the neighborhood, not this property).
Local amenity density is mixed: restaurants are reasonably represented, while everyday retail like groceries, parks, and pharmacies are thinner within the immediate neighborhood. Childcare availability is comparatively strong, which can help with retention among family renters. Average school ratings in the neighborhood trail national medians, a factor to monitor for family-oriented leasing.
Within a 3-mile radius, demographics show a large, diverse renter base. The area is roughly balanced between owner- and renter-occupied housing, which supports depth of demand for multifamily. Recent years show a largely flat population trend, while forecasts point to more households by 2028 alongside smaller average household sizes a pattern that can sustain rental need even with modest population slippage.
Home values are high for the region relative to incomes, characteristic of a high-cost ownership market that tends to reinforce reliance on multifamily rentals. For investors, that backdrop can aid pricing power and lease retention, though rent-to-income management remains important for renewal strategy.
Safety indicators are mixed when compared nationally and across the 997 metro neighborhoods. The neighborhood s overall crime positioning trends below the national median and is below the metro average, warranting prudent underwriting and attention to on-site security and lighting standards.
Within the components, violent-offense positioning is comparatively stronger (above the national median), while property-crime readings sit closer to mid-to-weaker tiers and can fluctuate year to year. Investors should rely on block-to-corridor due diligence, time-of-day patterns, and comparable asset operations rather than point-in-time figures.
Proximity to Inland Empire corporate and logistics nodes supports a broad workforce renter base and commuting convenience, with nearby operations from Waste Management, General Mills, Ryder Vehicle Sales, McKesson Medical Surgical, and Kinder Morgan.
- Waste Management environmental services (6.1 miles)
- General Mills food manufacturing offices (6.8 miles)
- Ryder Vehicle Sales transportation & fleet services (7.1 miles)
- McKesson Medical Surgical healthcare distribution (8.4 miles)
- Kinder Morgan energy infrastructure (15.2 miles)
Built in 1989, the asset is newer than much of the nearby housing stock, offering a competitive edge versus older product while leaving room for targeted upgrades to modernize interiors, common areas, and building systems. Neighborhood-level occupancy sits above national medians and the surrounding ownership market is high-cost relative to incomes, both supportive of steady renter demand and lease retention. Based on commercial real estate analysis from WDSuite, the broader zip-to-metro trends signal stable fundamentals with room for value-add execution.
Within a 3-mile radius, the renter pool is deep, household incomes are trending higher, and forecasts point to more households and smaller average household sizes dynamics that can keep demand resilient even if population growth is flat. Amenity coverage is uneven and school ratings are below average locally, but proximity to regional employment hubs helps underpin leasing velocity and day-one occupancy stability.
- 1989 vintage provides competitive positioning versus older stock with clear modernization and value-add levers
- Neighborhood occupancy above national medians supports pricing power and reduces downtime risk (neighborhood metric)
- High-cost ownership context reinforces renter reliance on multifamily, aiding retention
- 3-mile outlook shows more households and smaller sizes, supporting a larger tenant base over time
- Risks: uneven neighborhood amenities, below-average school ratings, and variable property-crime trends require disciplined operations and underwriting