| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 24th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1135 N Baker Ave, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1983 |
| Units | 38 |
| Transaction Date | 2016-01-29 |
| Transaction Price | $4,909,000 |
| Buyer | GOLDEN GATE BAPTIST THEOLOGICAL SEMINARY |
| Seller | GRANDWAY CAPITAL HOLDINGS LLC |
1135 N Baker Ave Ontario Multifamily Investment
This 38-unit property offers access to a neighborhood with 94.2% occupancy rates and strong rental demand, supported by a 51% renter-occupied housing base according to CRE market data from WDSuite.
Located in Ontario's urban core, this property sits within a neighborhood ranked in the top quartile nationally for housing metrics among the 997 neighborhoods in the Riverside-San Bernardino-Ontario metro. The area maintains a 94.2% occupancy rate with 53.3% of housing units renter-occupied, placing it in the 90th percentile nationally for rental share. Median contract rents of $1,540 reflect stable pricing power in a market where demographics within a 3-mile radius show 50.8% of households are renters.
Built in 1983, this property aligns with the neighborhood's average construction year of 1988, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to modernize units and capture rent premiums. The area benefits from strong grocery access with 2.22 stores per square mile, ranking in the 85th percentile nationally, supporting tenant retention through convenient daily amenities.
Demographic trends within the 3-mile radius support multifamily demand, with household income growth of 38.4% over five years reaching a median of $77,459. Forecasted data suggests continued household formation with a projected 33.7% increase in total households through 2028, expanding the potential renter pool. However, investors should monitor the rent-to-income ratio of 0.28, which ranks in the bottom quartile nationally and may indicate affordability pressure affecting lease renewal rates.
Safety metrics for this neighborhood show property crime rates of 232.4 incidents per 100,000 residents, placing it near the metro median among 997 neighborhoods in the region. Violent crime rates are relatively moderate at 17.7 incidents per 100,000 residents, ranking in the 61st percentile nationally. While property crime showed a significant year-over-year increase, this metric should be evaluated alongside broader regional crime trends and local law enforcement initiatives that may affect long-term patterns.
For multifamily investors, these safety statistics suggest the need for standard security measures and tenant screening protocols. The neighborhood's urban core designation typically correlates with higher activity levels, which can be managed through appropriate property management practices and community engagement strategies.
The property benefits from proximity to major corporate employers that provide workforce housing demand, with several Fortune 500 companies and logistics operations within commuting distance.
- General Mills — food manufacturing (6.3 miles)
- Waste Management — environmental services (6.5 miles)
- Ryder Vehicle Sales — transportation services (7.7 miles)
- McKesson Medical Surgical — healthcare distribution (8.6 miles)
- Kinder Morgan — energy infrastructure (14.5 miles)
This 1983-built, 38-unit property represents a value-add opportunity in Ontario's stable rental market. The neighborhood's 94.2% occupancy rate and 53.3% rental share indicate strong multifamily fundamentals, while the property's vintage suggests potential for unit renovations to capture rent premiums. Demographics within a 3-mile radius show positive household income growth and projected household formation through 2028, supporting long-term tenant demand.
Commercial real estate analysis from WDSuite reveals this location benefits from above-average housing metrics and grocery accessibility, factors that enhance tenant retention. However, investors should plan for potential capital improvements given the property's age and monitor rent-to-income ratios that may limit aggressive rent growth strategies.
- Neighborhood occupancy rate of 94.2% indicates stable rental demand
- Top quartile housing metrics among 997 metro neighborhoods
- Value-add potential through unit renovations and modernization
- Projected 33.7% household growth supports long-term demand
- Risk consideration: Low rent-to-income ratios may limit aggressive rent growth