| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1360 E D St, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1972 |
| Units | 86 |
| Transaction Date | 2018-04-19 |
| Transaction Price | $26,000,000 |
| Buyer | ONTARIO TH RENEWAL LP |
| Seller | ONTARIO TH AFFORDABLE LLC |
1360 E D St Ontario Multifamily Investment
Neighborhood occupancy remains tight and renter demand is durable, according to WDSuite s commercial real estate analysis for the Riverside San Bernardino Ontario metro.
Location fundamentals and renter demand
The property sits in Ontario California within an Urban Core neighborhood rated B and ranked 371 of 997 in the Riverside San Bernardino Ontario metro which is competitive among metro neighborhoods. According to CRE market data from WDSuite, neighborhood occupancy is about 98% (top decile nationally), supporting income stability and reducing lease-up risk.
Local retail access is a mixed picture. Grocery and dining density test well with grocery options sitting in the 93rd percentile nationally and restaurants around the 95th percentile while cafes and pharmacies are comparatively sparse. Parks score in the 97th percentile providing nearby open space that supports quality-of-life for residents.
Renter concentration is elevated for the metro: an estimated 58.4% of housing units are renter-occupied which deepens the tenant base for multifamily assets. Median asking rents in the neighborhood place around the upper quintile nationally and the rent-to-income profile signals some affordability pressure suggesting attention to renewals and lease management to sustain occupancy and limit turnover.
Within a 3-mile radius, population has been broadly stable in recent years while household counts have increased and average household size has edged lower. Forward-looking data indicates more households even as population growth moderates which typically expands the renter pool and can support occupancy stability. Home values are elevated relative to incomes (high national percentile for value-to-income), indicating a high-cost ownership market that tends to reinforce reliance on rental housing.
The average construction year in the immediate neighborhood is 1991. With a 1972 vintage this asset is older than the surrounding stock pointing to potential capital planning and a value-add path (exterior systems or interior modernization) to remain competitive against newer comparables.
Safety context
WDSuite s neighborhood crime metrics place this area at rank 900 of 997 within the Riverside San Bernardino Ontario metro and around the 24th percentile nationally for safety indicating conditions that are below the metro average. Recent year-over-year volatility in reported offense estimates suggests investors should underwrite for enhanced on-site management and security measures to support resident retention and asset performance.
As with any urban submarket crime dynamics can vary by block and over time. Operators typically mitigate risk through lighting access control camera coverage and partnerships with local public safety resources.
Nearby employers support a diversified workforce renter base with short commutes, led by Waste Management General Mills Ryder Vehicle Sales McKesson Medical Surgical and Kinder Morgan.
- Waste Management environmental services (5.6 miles)
- General Mills food manufacturing/offices (6.0 miles)
- Ryder Vehicle Sales transportation & logistics (7.1 miles)
- McKesson Medical Surgical healthcare distribution (7.7 miles)
- Kinder Morgan energy infrastructure offices (14.7 miles)
1360 E D St offers scale at 86 units in a neighborhood with tight occupancy and a solid renter base. Based on CRE market data from WDSuite, neighborhood occupancy trends are elevated versus national norms and the local renter-occupied share supports depth of demand. Elevated home values relative to incomes suggest a high-cost ownership market which tends to sustain multifamily demand and bolster renewal prospects.
Built in 1972, the asset is older than the neighborhood average (1991) creating a value-add or modernization angle to defend rent positioning against newer stock. Within a 3-mile radius, households are increasing and average household size is drifting lower a pattern that typically expands the renter pool and supports occupancy stability even if headline population growth moderates. Operators should account for affordability pressure in leasing strategies and for neighborhood safety considerations in OPEX planning.
- Tight neighborhood occupancy supports income durability
- Elevated renter concentration deepens the tenant base
- 1972 vintage offers clear value-add and modernization potential
- High-cost ownership market underpins sustained rental demand
- Risks: below-metro safety metrics and affordability pressure warrant proactive management