| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1315 E Holt Blvd, Ontario, CA, 91761, US |
| Region / Metro | Ontario |
| Year of Construction | 1989 |
| Units | 53 |
| Transaction Date | 1994-06-28 |
| Transaction Price | $372,000 |
| Buyer | KIKUMOTO HIDEO |
| Seller | FROST ROC M |
1315 E Holt Blvd, Ontario CA Multifamily Opportunity
Neighborhood occupancy remains strong and renter demand is deep, according to CRE market data from WDSuite, suggesting stable cash flow potential in this Ontario, CA corridor.
Situated in Ontario’s Urban Core, the property benefits from a renter-driven neighborhood profile and steady occupancy. The neighborhood s occupancy rate is competitive among the 997 Riverside San Bernardino Ontario metro neighborhoods and ranks in the upper tiers nationally, indicating durable leasing conditions. Renter-occupied housing represents a large share of units locally, reinforcing the depth of the tenant base and supporting multifamily absorption and retention over time.
Local access to daily needs is a relative strength. Grocery availability sits in the top quartile nationally, and restaurants are also strong compared with neighborhoods nationwide. Parks coverage is similarly high, adding livability benefits. By contrast, cafes and pharmacies are limited within the immediate neighborhood, so residents typically rely on broader trade-area options for those services.
For investors assessing rent growth and pricing power, nearby home values are elevated relative to incomes at the neighborhood level, placing the area in a high-cost ownership market. This context generally supports renter reliance on multifamily housing and can aid lease retention, though rent-to-income ratios indicate some affordability pressure that warrants proactive renewal and concession strategy.
Vintage also matters for positioning. The average neighborhood construction year is around the early 1990s; this asset s 1989 vintage is modestly older, which can present value-add potential through unit and system updates while remaining competitive versus much older stock. Neighborhood-level NOI per unit trends are solid compared with national peers, according to WDSuite s CRE market data.
Demographic statistics aggregated within a 3-mile radius indicate recent increases in households alongside relatively flat population counts, expanding the local household base. Forward-looking projections show smaller average household sizes and a shift toward higher-income cohorts, which can translate into a broader renter pool and support occupancy stability even if population growth is modest.
Safety metrics are mixed when viewed against both metro and national baselines. Compared with the 997 neighborhoods in the Riverside San Bernardino Ontario metro, the area ranks in the weaker tier for crime, indicating that investors should underwrite prudent security and operating practices. Nationally, indicators trend closer to the middle of the pack for violent incidents, while property-related offenses sit below the national median for safety. Recent year-over-year readings point to variability, so tracking trend direction is advisable as part of ongoing asset management.
Nearby corporate operations across waste services, food manufacturing, logistics, and medical supply provide a broad employment base that supports renter demand and commute convenience for workforce housing.
- Waste Management waste services (5.5 miles)
- General Mills food manufacturing (6.0 miles)
- Ryder Vehicle Sales logistics & fleet services (6.9 miles)
- Mckesson Medical Surgical medical supply distribution (7.6 miles)
- Kinder Morgan energy infrastructure (14.7 miles)
This 53-unit, 1989-vintage multifamily asset is positioned in a neighborhood with strong occupancy and a high share of renter-occupied housing units, supporting a stable tenant base. Elevated ownership costs in the surrounding area underpin renter reliance on apartments, while restaurants, parks, and grocery access enhance day-to-day livability. According to CRE market data from WDSuite, the neighborhood s housing fundamentals and NOI profile compare favorably to national benchmarks, suggesting resilient performance if operations are managed with attention to affordability and security.
Forward-looking demographics within a 3-mile radius point to more households and smaller average household sizes, which can broaden the renter pool even if population growth is modest. Given the 1989 vintage, a targeted value-add program focused on interior updates and building systems could capture upside and sustain competitiveness against newer product.
- Strong neighborhood occupancy and high renter-occupied share support demand and leasing stability.
- Elevated ownership costs reinforce multifamily reliance, aiding retention and pricing power.
- 1989 vintage offers value-add potential through selective renovations and system upgrades.
- Expanding household counts and smaller household sizes within 3 miles can widen the renter pool.
- Risks: safety metrics trail metro peers and rent-to-income pressure requires attentive renewal strategy.