| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 46th | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1908 S Mountain Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | 2016-11-30 |
| Transaction Price | $4,010,000 |
| Buyer | D & C INVESTMENT PROPERTIES LP |
| Seller | MCCOY CARL L |
1908 S Mountain Ave Ontario Multifamily Investment
Neighborhood occupancy is high with stable renter demand in Ontario a profile supported by amenity access and income growth, according to WDSuite s CRE market data. Built in 1986, the asset s vintage positions it competitively versus older local stock while allowing for targeted upgrades.
Located in Ontario an Inner Suburb of the Riverside San Bernardino Ontario metro the neighborhood carries an A- rating and ranks 211 out of 997 metro neighborhoods, placing it in the top quartile locally. Restaurants are a clear strength (nationally around the mid-90th percentile), while cafes and parks are limited, so day-to-day convenience leans on grocery access, which tracks above national averages. Average school ratings sit above many peer areas (rank 106 of 997 in the metro), which can support family retention.
Renter-occupied housing comprises a meaningful share of the neighborhood (ranked 279 of 997 in the metro; upper-tier nationally), indicating depth in the tenant base for small and mid-size multifamily. Neighborhood occupancy is also competitive among metro peers (rank 375 of 997), which supports leasing stability for well-managed assets. Median asking rents benchmark in the upper national percentiles, signaling pricing power when units are well-finished and properly managed.
Within a 3-mile radius, population has grown modestly over the last five years with households expanding faster and average household size trending lower a setup that typically increases the number of housing decision-makers and can expand the renter pool. Forward-looking estimates point to continued household growth alongside a smaller average household size, which generally supports absorption for appropriately priced rentals.
Home values in the area sit in the high national percentiles and the value-to-income ratio is elevated, denoting a high-cost ownership market that tends to reinforce reliance on rental housing and support lease retention. At the same time, rent-to-income sits around the upper-20s percent range locally, suggesting manageable affordability pressure that owners can monitor through disciplined lease management and renewal strategies based on multifamily property research from WDSuite.
The property s 1986 construction is slightly newer than the neighborhood s average vintage (early 1980s). That positioning can provide a competitive edge versus older buildings while still leaving room for targeted capital upgrades (systems modernization, common-area refreshes, and unit interiors) to meet current renter expectations.
Safety indicators are mixed when viewed against regional and national benchmarks. The neighborhood s overall crime ranking sits below the metro median (rank 852 of 997), warranting attentive property operations and lighting/security planning. However, violent-offense metrics compare favorably to many areas nationwide (around the mid-60th percentile for safety), and property-offense measures track near national averages. Investors should focus on practical mitigation onsite visibility, access control, and resident engagement rather than block-level assumptions.
The immediate area draws from a diversified employment base across waste services, transportation sales, medical supply distribution, food manufacturing/distribution, and aerospace/industrial offices, supporting steady renter demand and practical commute times for workforce households.
- Waste Management waste services (2.6 miles)
- Ryder Vehicle Sales fleet and transportation sales (3.9 miles)
- Mckesson Medical Surgical medical supply distribution (5.3 miles)
- General Mills food manufacturing/distribution (7.9 miles)
- United Technologies aerospace/industrial offices (14.0 miles)
This 22-unit property at 1908 S Mountain Ave sits in a top-quartile Ontario neighborhood for overall quality within the metro (211 of 997), combining solid tenant depth with competitive neighborhood occupancy. Elevated home values and a high value-to-income ratio point to a high-cost ownership market, which typically sustains multifamily demand and supports lease retention. According to CRE market data from WDSuite, local rents benchmark in the upper national percentiles, reinforcing pricing power when unit finishes and operations are tuned to demand.
Constructed in 1986, the asset is slightly newer than the neighborhood s early-1980s average, offering a platform that can compete with older stock while presenting value-add potential through selective systems updates and interior/common-area enhancements. Within a 3-mile radius, households have been increasing and are projected to continue rising as average household size trends lower, expanding the pool of renters and supporting occupancy stability for well-priced units.
- Top-quartile neighborhood within the metro (211 of 997) supporting demand and retention
- High-cost ownership market reinforces renter reliance and pricing power
- 1986 vintage offers competitive position plus targeted value-add upside
- 3-mile household growth and smaller household size expand the renter base
- Risks: safety ranks below metro median and limited parks/cafes necessitating proactive operations and amenities strategy