| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1348 E Nocta St, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1987 |
| Units | 50 |
| Transaction Date | 1999-10-15 |
| Transaction Price | $430,500 |
| Buyer | GROUP IV POMONA PROPERTIES LTD |
| Seller | KING JAMES E |
1348 E Nocta St Ontario 50-Unit Multifamily
High neighborhood occupancy and a sizable renter base point to steady leasing fundamentals, according to WDSuite’s CRE market data.
Situated in Ontario within the Riverside–San Bernardino–Ontario metro, the property sits in a neighborhood rated B and ranks 371 of 997, which is competitive among Riverside–San Bernardino–Ontario neighborhoods. Neighborhood occupancy is elevated (near 98%), supporting income stability and lower turnover risk relative to softer submarkets.
Renter concentration in the neighborhood is high (about 58% of housing units are renter-occupied), suggesting a deep tenant pool for multifamily assets. Within a 3-mile radius, households have grown while average household size has trended smaller, expanding the number of households and supporting demand for rental units. Rising median and mean incomes in that 3-mile radius strengthen leasing durability and potential renewal capture.
Daily needs access is a relative strength: grocery density is strong and restaurants are plentiful (both rank in the top decile nationally), while parks are also abundant. By contrast, cafes and pharmacies are sparse locally, so residents rely more on broader trade-area retail for those categories. Average school ratings track below the national midline, which may modestly temper family-driven demand but doesn't typically inhibit workforce renter demand for this location.
Ownership costs are elevated versus national norms, with home values ranking in the top quintile nationally. In practice, a high-cost ownership market tends to reinforce reliance on multifamily, supporting pricing power and retention for well-managed assets. The typical construction vintage nearby averages around 1991; with a 1987 build, this asset is slightly older, indicating potential value-add and systems modernization opportunities that can improve competitive positioning.
Safety indicators in this neighborhood are below the national median, and the area ranks weaker than many parts of the Riverside–San Bernardino–Ontario metro (ranked 900 of 997). Recent year estimates also point to volatility in reported property and violent offenses, so investors should underwrite with conservative assumptions and emphasize operational measures (lighting, access control, and resident engagement) that support tenant retention.
Nearby employment is anchored by industrial and corporate operations that help support workforce renter demand and commute convenience, including Waste Management, General Mills, Ryder Vehicle Sales, McKesson Medical Surgical, and Kinder Morgan.
- Waste Management — environmental services (5.5 miles)
- General Mills — food manufacturing offices (5.9 miles)
- Ryder Vehicle Sales — logistics & fleet services (7.0 miles)
- Mckesson Medical Surgical — healthcare distribution (7.6 miles)
- Kinder Morgan — energy infrastructure offices (14.6 miles)
1348 E Nocta St is a 50-unit, 1987-vintage asset positioned in a high-occupancy Ontario neighborhood where renter concentration and proximity to established employment nodes underpin durable demand. Based on CRE market data from WDSuite, neighborhood occupancy trends remain above national norms, while elevated ownership costs in the area tend to sustain reliance on rental housing, supporting retention and pricing power for well-managed communities.
The 1987 construction suggests clear value-add and capital planning angles—select interior refreshes and targeted system upgrades can improve competitive standing against slightly newer stock. Forward-looking demographics within a 3-mile radius indicate more households even as average household size declines, expanding the renter pool and supporting occupancy stability; investors should balance these strengths against below-median school ratings, limited café/pharmacy density, affordability pressure for some renter cohorts, and safety metrics that warrant prudent on-site management.
- High neighborhood occupancy and sizable renter base support stable cash flow
- Elevated ownership costs bolster rental demand and renewal capture
- 1987 vintage offers value-add and systems modernization potential
- Household growth within 3 miles expands the tenant base, aiding lease-up and retention
- Risks: below-median safety metrics, limited café/pharmacy options, and affordability pressure for some renters