| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 37th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 S San Antonio Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 2002-01-17 |
| Transaction Price | $1,275,000 |
| Buyer | JEFFREY & COLLEEN COURTS FAMILY TRUST |
| Seller | HAYNES JAMES T |
1200 S San Antonio Ave Ontario Multifamily Value-Add Opportunity
Neighborhood occupancy is steady with a solid renter base, and daily amenities are close by, according to WDSuite’s CRE market data. The combination points to durable renter demand with potential to enhance income through targeted upgrades.
This Urban Core pocket of Ontario offers everyday convenience and commute access that support renter retention. Amenity access is competitive among Riverside–San Bernardino–Ontario neighborhoods (ranked 323rd of 997), with a notably dense mix of cafes and groceries placing the area in the top quartile nationally. By contrast, parks and pharmacies are limited nearby, which may matter for some tenant profiles.
For the neighborhood (not this property), occupancy is 92.7%, a level that suggests generally stable leasing conditions. The renter-occupied share stands near 43%, indicating meaningful renter concentration and a deeper tenant base for multifamily. Median contract rents in the neighborhood track in the upper-$1,600s, while the rent-to-income ratio and household incomes point to manageable rent burdens that can aid lease retention.
Within a 3-mile radius, demographics show population largely flat in recent years, while household counts increased and are projected to continue rising. This pattern implies smaller household sizes and a modest expansion of the renter pool, which can support occupancy stability and leasing velocity. School ratings in the neighborhood trend below national averages, so family-oriented demand may be more price- and location-sensitive than in higher-rated school clusters.
The property’s 1986 vintage is newer than the neighborhood’s average construction year (1979). That positioning can be advantageous versus older stock, with a practical path to value-add through common-area refreshes and in-unit modernization, balanced against typical mid-1980s systems that may require selective capital planning over a hold period.
Safety indicators for the neighborhood are mixed when compared with broader benchmarks. Relative to the Riverside–San Bernardino–Ontario metro, the area’s overall crime rank is 866th of 997 neighborhoods, indicating below-median safety within the region. Nationally, the composite sits below average (around the 28th percentile), though violent and property offense rates align closer to the national midrange.
Year-over-year trends have shown volatility, so investors may want to underwrite with conservative assumptions, focus on on-site lighting and access controls, and monitor recent comparables rather than relying solely on long-run averages.
Nearby corporate nodes support a broad employment base and commute convenience that can reinforce renter demand, including Waste Management, Ryder Vehicle Sales, McKesson Medical Surgical, General Mills, and United Technologies.
- Waste Management — environmental services (3.6 miles)
- Ryder Vehicle Sales — transportation & logistics (4.7 miles)
- Mckesson Medical Surgical — healthcare distribution (6.2 miles)
- General Mills — food manufacturing & distribution (7.6 miles)
- United Technologies — aerospace & industrial (15.0 miles)
1200 S San Antonio Ave is a 20-unit asset built in 1986, positioning it newer than much of the surrounding housing stock. The neighborhood posts steady occupancy and a meaningful renter-occupied share, while strong access to daily amenities (notably cafes and groceries) helps support day-to-day livability and leasing resilience. Home values in the area are elevated relative to incomes, which tends to sustain reliance on multifamily rentals, and rent-to-income levels suggest manageable affordability that can aid retention.
Based on commercial real estate analysis from WDSuite, neighborhood occupancy stability, a broad employment base within short drive times, and household growth within a 3-mile radius point to a durable tenant base. The vintage creates a practical path for value-add through targeted unit and common-area upgrades, with underwritten allowances for mid-1980s building systems. Key watch items include below-median safety versus the metro and limited park/pharmacy access, which can be addressed through on-site enhancements and operations.
- Steady neighborhood occupancy and meaningful renter concentration support income durability
- 1986 vintage offers value-add upside versus older nearby stock with targeted capex
- Amenity-rich daily needs (cafes, groceries) bolster livability and leasing
- Elevated ownership costs reinforce multifamily demand and pricing power potential
- Risks: below-metro safety ranking and limited parks/pharmacies; mitigate via security, tenant mix, and on-site improvements