| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 30th | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2020 S Euclid Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 2005 |
| Units | 24 |
| Transaction Date | 2002-03-22 |
| Transaction Price | $435,000 |
| Buyer | COUNTRY OAKS PROPERTIES |
| Seller | ROUMBOS JOHN P |
2020 S Euclid Ave Ontario Multifamily Investment
Built in 2005 with 24 units, this asset benefits from a high-cost ownership market that supports renter demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends are roughly in line with national norms, suggesting stable lease-up potential rather than outsized vacancy risk.
The property sits in an Inner Suburb of Ontario with a B+ neighborhood rating and is competitive among Riverside–San Bernardino–Ontario neighborhoods (ranked 342 out of 997). Local fundamentals point to steady renter demand: neighborhood occupancy is near the national mid-point, and the share of renter-occupied housing units indicates a meaningful tenant base without excessive concentration.
Retail access is a relative strength. Grocery availability ranks 18 out of 997 metro neighborhoods (top quartile), and restaurants rank 54 out of 997 (also top quartile). By contrast, cafes, parks, and pharmacies rank at the bottom of the metro distribution, so day-to-day convenience skews toward essentials rather than lifestyle amenities. Average school ratings in the surrounding area hover near the metro middle, supporting broad-based family appeal without commanding premium school-driven pricing.
Home values in the neighborhood are elevated versus many U.S. areas, and the region’s value-to-income ratio sits in a high national percentile. For multifamily investors, this high-cost ownership market tends to reinforce reliance on rental housing, supporting retention and pricing power when managed thoughtfully. Rent-to-income signals are tighter here than in most places nationwide, so proactive lease management and renewal strategies remain important.
Within a 3-mile radius, demographics show modest population growth in recent years, a larger increase in households, and forecasts calling for further household gains alongside a gradual reduction in average household size. For investors, that points to a larger tenant base and potential renter pool expansion that can support occupancy stability over the medium term, based on commercial real estate analysis from WDSuite.
Safety outcomes are mixed when viewed against metro and national baselines. Overall crime places this neighborhood in the lower half of the metro (ranked 885 out of 997), indicating higher reported crime than many Riverside–San Bernardino–Ontario neighborhoods. Nationally, violent offenses benchmark in the upper half by percentile, while property-related measures sit closer to the middle of the national distribution.
Year-over-year readings indicate recent volatility in both violent and property offense rates. Investors should underwrite with conservative assumptions, emphasize on-site security best practices, and monitor trend direction rather than relying on a single period. Comparisons are neighborhood-level and intended for contextual screening, not block-specific conclusions.
Nearby employment is diversified across industrial services, logistics, medical distribution, and food manufacturing, supporting workforce housing demand and commute convenience for renters. Notable employers include Waste Management, Ryder Vehicle Sales, McKesson Medical Surgical, General Mills, and United Technologies.
- Waste Management — waste services (3.1 miles)
- Ryder Vehicle Sales — logistics & vehicle sales (4.9 miles)
- Mckesson Medical Surgical — medical supplies distribution (5.3 miles)
- General Mills — food manufacturing (6.9 miles)
- United Technologies — aerospace & industrial (14.8 miles)
This 24-unit, 2005-vintage asset is newer than the average neighborhood stock, giving it a competitive edge versus older properties while still offering potential to modernize systems and finishes over time. Ownership costs in the surrounding area are elevated, which generally sustains renter reliance on multifamily housing and supports occupancy stability. According to CRE market data from WDSuite, neighborhood occupancy trends are around national norms, aligning expectations toward steady performance rather than outsized vacancy risk.
Within a 3-mile radius, recent increases in households and a projected rise through the mid-term point to a larger tenant base and potential renter pool expansion. Amenity access favors essentials like groceries and dining, which helps daily convenience for residents, though limited parks and cafes suggest lifestyle offerings are more modest. Investors should also account for tighter rent-to-income dynamics and monitor neighborhood-level safety volatility when setting renewal strategies and capital plans.
- 2005 vintage offers relative competitiveness vs. older local stock, with value-add potential through targeted upgrades
- High-cost ownership market supports rental demand and can aid retention and pricing power
- Household growth within 3 miles expands the tenant base and supports occupancy stability
- Strong access to essentials (top-quartile groceries and restaurants in the metro) supports livability
- Risks: neighborhood-level safety volatility and tighter rent-to-income ratios call for prudent lease and capital planning