| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1673 E G St, Ontario, CA, 91764, US |
| Region / Metro | Ontario |
| Year of Construction | 1984 |
| Units | 29 |
| Transaction Date | 2016-02-18 |
| Transaction Price | $27,500,000 |
| Buyer | CLEAR WATERFORD LLC |
| Seller | ML CASA III LP |
1673 E G St Ontario Multifamily Investment
This 29-unit property built in 1984 offers value-add potential in an established neighborhood with strong occupancy fundamentals, according to CRE market data from WDSuite.
This Ontario neighborhood demonstrates solid fundamentals for multifamily investors, with neighborhood-level occupancy at 98.0% and renter-occupied units comprising 58.4% of the housing stock. The area ranks in the top quartile nationally for park access and restaurant density, supporting tenant appeal and retention.
Built in 1984, this property aligns with the neighborhood's average construction vintage of 1991, suggesting opportunities for value-add improvements to enhance competitive positioning. Median contract rents of $1,556 provide a baseline for rental income projections, while the neighborhood's 89th percentile occupancy ranking among 997 metro neighborhoods indicates stable demand dynamics.
Demographics within a 3-mile radius show a population of approximately 123,400 with household growth of 5.0% over five years. The area's 52.6% renter share supports sustained multifamily demand, though investors should monitor the rent-to-income ratio which suggests affordability considerations for lease management and renewal strategies.
Home values averaging $506,000 with 52.8% five-year appreciation reinforce rental demand by maintaining elevated ownership costs relative to household incomes. The neighborhood's housing ranking in the 84th percentile nationally reflects these strong fundamentals, while amenity access including grocery stores ranking in the 93rd percentile supports tenant satisfaction and retention.
Safety metrics for this neighborhood show mixed trends that warrant investor attention. Property crime rates rank around the metro median among 997 neighborhoods, while violent crime rates remain moderate at approximately 34 incidents per 100,000 residents.
Recent crime data indicates significant year-over-year increases in both property and violent offense rates, though these changes may reflect reporting adjustments or data collection methodology shifts rather than fundamental deterioration. Investors should monitor local crime trends and consider security enhancements as part of property improvement strategies.
The surrounding employment base includes diverse corporate offices within reasonable commuting distance, supporting workforce housing demand for this multifamily property.
- General Mills — food manufacturing (5.8 miles)
- Waste Management — waste services (6.2 miles)
- Ryder Vehicle Sales — transportation services (7.6 miles)
- McKesson Medical Surgical — healthcare distribution (8.2 miles)
- Kinder Morgan — energy infrastructure (14.3 miles)
This 29-unit Ontario property presents a value-add opportunity in a neighborhood with demonstrated occupancy stability and strong renter demand fundamentals. Built in 1984, the property offers potential for strategic improvements to capture rent growth in a market where neighborhood occupancy reaches 98.0% and renter-occupied units comprise 58.4% of housing stock.
Demographic trends within a 3-mile radius support sustained multifamily demand, with household growth and elevated home values reinforcing rental market dynamics. However, multifamily property research indicates affordability pressures that require careful lease management and competitive positioning strategies.
- Strong neighborhood occupancy at 98.0% ranking in 89th percentile among metro areas
- Value-add potential through strategic improvements to 1984 vintage property
- Diverse employment base within commuting distance supporting workforce housing demand
- High amenity access including top-quartile park and restaurant density
- Risk consideration: Rent-to-income ratios require careful lease management strategies