| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 31st | Fair |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1621 N Baker Ave, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1973 |
| Units | 48 |
| Transaction Date | 1996-12-13 |
| Transaction Price | $1,100,000 |
| Buyer | YUAN PETER LIE MING |
| Seller | PI PROPERTIES #34 |
1621 N Baker Ave Ontario, CA Multifamily Investment
Neighborhood occupancy is holding in the low-90s and amenity access is strong, supporting renter demand according to WDSuite’s CRE market data. High ownership costs in the area tend to sustain multifamily reliance, which can aid pricing power while requiring careful affordability management.
This Urban Core location in Ontario ranks 184th out of 997 metro neighborhoods, making it competitive within the Riverside–San Bernardino–Ontario area. Amenity density is a clear strength: grocery and pharmacy access sit in the top national percentiles, with restaurants and cafés also well represented. These features bolster day-to-day livability and reduce friction for residents, supporting lease retention.
At the neighborhood level, occupancy is roughly 93.7%, trending in the mid-to-upper range locally and supportive of income stability. Median asking rents are elevated versus many U.S. areas and have risen materially over the last five years, while the renter-occupied share in this neighborhood is closer to one-third of housing units. For investors, that suggests depth from nearby renter concentrations and potential to pull demand from surrounding submarkets.
Within a 3-mile radius, populations and households have expanded over the past five years, and forecasts indicate a larger household count alongside smaller average household sizes. That combination generally expands the renter pool and supports occupancy, although it may shift unit mix preferences over time. Average school ratings sit modestly above the national midpoint, which can aid family-oriented retention without being the primary draw.
Home values are high for the region and nationally, and the value-to-income ratio is in an elevated range. In practice, a high-cost ownership market tends to reinforce renter reliance on multifamily housing and can support pricing power, though a rent-to-income profile near one-third warrants active lease management to mitigate affordability pressure and turnover risk.
Safety indicators are mixed. The neighborhood’s overall crime rank places it below the metro average (898th out of 997 metro neighborhoods), signaling a weaker relative position locally. Nationally, the area performs around the middle for property-related offenses and slightly better than average for violent offenses, pointing to a nuanced risk profile rather than a single directional trend.
Recent year-over-year readings indicate increases across several categories, so investors should underwrite with conservative assumptions and consider measures that support resident safety and retention. Comparisons should be made against peer neighborhoods across the Inland Empire to contextualize risk-adjusted pricing.
- General Mills — food & consumer goods (6.2 miles)
- Waste Management — environmental services (6.5 miles)
- Ryder Vehicle Sales — transportation & logistics (7.8 miles)
- Mckesson Medical Surgical — healthcare distribution (8.7 miles)
- Kinder Morgan — energy infrastructure (14.4 miles)
Proximity to these distribution, logistics, and consumer-goods employers supports a steady workforce renter base and commute convenience, which can aid leasing velocity and retention.
Positioned in a competitive Ontario neighborhood with strong daily-needs access, the property benefits from stable neighborhood occupancy, elevated regional home values, and a deepening workforce base. Within a 3-mile radius, recent gains in households and a trend toward smaller household sizes point to gradual renter pool expansion and support for steady lease-up and renewal activity.
High ownership costs in the Inland Empire reinforce multifamily demand, and median rents in this neighborhood have moved upward over the past five years. According to CRE market data from WDSuite, amenity density is a relative strength here, which can bolster retention and support modest pricing power. Balanced underwriting should account for affordability pressure and local safety considerations when framing hold and renovation strategies.
- Competitive neighborhood standing with strong daily-needs access supporting retention
- Stable neighborhood occupancy with upward rent trajectory aiding income durability
- High-cost ownership market sustains renter reliance and supports pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: below-metro safety standing and affordability pressure require active management