| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 25th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1951 S Euclid Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | 2017-08-09 |
| Transaction Price | $4,850,000 |
| Buyer | PEPERWOOD VILLAS LLC |
| Seller | VOIGHT KEN |
1951 S Euclid Ave Ontario Multifamily Investment
Neighborhood occupancy has held firm and sits above the metro median, supporting stable cash flow potential, according to WDSuite’s CRE market data. With renter demand reinforced by a high-cost ownership market in Ontario, investor focus centers on durable leasing and measured rent growth.
Located in Ontario within the Riverside–San Bernardino–Ontario metro, the property benefits from neighborhood fundamentals that are generally supportive for multifamily. Neighborhood occupancy is above the metro median among 997 neighborhoods and in the top quartile nationally, indicating a stable leasing backdrop rather than outsized vacancy risk. Median contract rents benchmark above national norms, suggesting some pricing power when units are well-positioned.
The 1988 vintage is newer than the neighborhood’s average construction year (1959). This should improve competitive positioning versus older stock, while still warranting targeted modernization or systems upgrades to capture value-add upside and support retention.
Tenure patterns point to depth in the renter pool: an estimated 60.6% of housing units in the neighborhood are renter-occupied. For investors, this renter concentration supports day-one demand and ongoing leasing velocity, particularly for well-maintained, practical floor plans.
Local amenities are mixed. Grocery access scores competitively (around the upper tier nationally), while cafes, restaurants, parks, and pharmacies are comparatively sparse in the immediate neighborhood. Average school ratings sit near the national middle, which can support family-oriented demand but may not be a distinctive advantage. Home values rank in a higher national percentile and the value-to-income ratio is among the stronger readings nationally; in practice, this high-cost ownership landscape tends to sustain reliance on multifamily rentals and can aid lease retention.
Within a 3-mile radius, demographics show steady conditions for renter demand: recent years reflect flat population but growth in households, with projections calling for additional household gains by 2028. Rising incomes at this radius and forecast rent increases indicate a larger, more qualified tenant base forming over time, which supports occupancy stability and measured rent trade-outs when paired with prudent asset management based on multifamily property research.
Safety indicators are mixed and should be underwritten with care. Relative to national benchmarks, overall crime performance trends below average, yet violent-offense metrics compare favorably (high national percentile) and property-offense measures are closer to mid-range. Within the metro context of 997 neighborhoods, the area reads as competitive to above the median on several dimensions, but investors should focus on recent trend lines and on-the-ground management practices.
Year-over-year changes indicate recent upticks in reported incidents in the neighborhood statistics. Rather than extrapolating from a single period, prudent underwriting would incorporate updated comps, security measures, and coordination with local property management to maintain tenant confidence and lease stability.
The area draws on a diversified employment base spanning waste services, logistics, medical distribution, packaged foods, and utilities—supporting commuter convenience and renter demand for workforce housing. The employers listed below reflect nearby anchors likely to influence leasing and retention.
- Waste Management — waste & environmental services (3.2 miles)
- Ryder Vehicle Sales — logistics & transportation (5.0 miles)
- Mckesson Medical Surgical — medical distribution (5.4 miles)
- General Mills — packaged foods (6.8 miles)
- Edison International — utilities (24.7 miles) — HQ
This 24-unit, 1988-vintage asset sits in a neighborhood where occupancy is above the metro median among 997 neighborhoods and in the top quartile nationally, signaling a supportive backdrop for stable collections. The property’s newer vintage versus the local 1959 average improves competitive positioning, while selective renovations can enhance rentability and bolster retention. According to CRE market data from WDSuite, neighborhood home values and ownership costs are elevated relative to incomes, which typically reinforces reliance on multifamily housing and supports steady renter demand.
Within a 3-mile radius, households have been increasing and are projected to grow further by 2028, pointing to a larger tenant base over time. Neighborhood rent levels trend above national norms, yet rent-to-income indicators at the neighborhood level suggest manageable affordability pressures, supporting lease stability when paired with disciplined renewals and targeted turns.
- Occupancy above the metro median and top quartile nationally supports stable leasing
- 1988 vintage offers competitive position versus older local stock with value-add potential
- High-cost ownership market sustains renter demand and aids retention
- 3-mile household growth and income gains underpin a deepening tenant base
- Risk: amenity scarcity and mixed safety trends warrant focused management and underwriting