| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 48th | Good |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 302 W G St, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1985 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
302 W G St, Ontario CA Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep for this 60-unit asset, according to WDSuite’s CRE market data. Investors should focus on steady leasing dynamics supported by high renter concentration and solid access to daily amenities.
Located in Ontario’s Urban Core within the Riverside–San Bernardino–Ontario metro, the neighborhood ranks 94 of 997 locally, making it competitive among Riverside–San Bernardino–Ontario neighborhoods. Daily-needs access is a standout: groceries, pharmacies, parks, and restaurants index in the top tier nationally, supporting convenience-driven retention and leasing.
Neighborhood occupancy is 96.7% (neighborhood metric, not property-level), placing it above national norms and reinforcing stability potential for multifamily operators. The renter-occupied share is high (about four out of five units), signaling a deep tenant base and dependable demand for professionally managed rentals.
Home values are elevated relative to incomes in this area, which can sustain reliance on rental housing and help preserve pricing power and lease-up velocity for well-managed communities. At the same time, rent-to-income measures suggest room for disciplined revenue management without outsized affordability pressure compared with high-cost coastal submarkets.
Within a 3-mile radius, demographics show a modest decline in population over the last five years alongside a slight reduction in household counts, while forward-looking estimates indicate smaller average household sizes and a notable increase in households. This mix can expand the renter pool and support occupancy stability even if population growth softens, particularly for well-located workforce and mid-market product.
The property’s 1985 vintage is newer than the neighborhood’s average construction year, offering relative competitiveness versus older housing stock. Investors should still plan for targeted modernization and building system updates appropriate for 1980s construction to sustain rents and reduce capex surprises.
Safety indicators for the neighborhood are mixed. Overall crime benchmarks sit below national averages (lower national percentiles), while violent offense measures are closer to mid-national levels. This suggests investors should underwrite with standard security measures and active property management to support resident experience and retention.
Year-over-year readings show volatility in reported offense rates. Rather than relying on a single period, investors typically evaluate multi-year trends and compare against metro peers to calibrate operating practices, insurance assumptions, and partnership with local community resources.
Nearby employers provide a diversified employment base and convenient commutes that support renter demand and retention. Notable names within a short drive include Waste Management, Ryder, McKesson Medical Surgical, General Mills, and United Technologies.
- Waste Management — environmental services (5.1 miles)
- Ryder Vehicle Sales — logistics & fleet (5.8 miles)
- Mckesson Medical Surgical — healthcare distribution (7.6 miles)
- General Mills — food manufacturing & distribution (7.6 miles)
- United Technologies — aerospace & industrial (16.2 miles)
This 60-unit, 1985-built asset benefits from a high renter-occupied neighborhood, strong occupancy at the neighborhood level, and exceptional access to daily amenities that aid leasing and retention. Elevated local home values reinforce renter reliance on multifamily housing, supporting long-term demand for well-managed units. According to CRE market data from WDSuite, neighborhood occupancy trends outperform national norms, aligning with a durable tenant base for mid-market product.
Forward-looking demographics within a 3-mile radius point to smaller household sizes and an increase in household counts, which can expand the effective renter pool even if total population growth is muted. Relative to older housing stock nearby, a 1980s vintage offers competitive positioning, though investors should plan for targeted modernization to sustain performance.
- High neighborhood occupancy supports leasing stability and rent realization
- Deep renter concentration indicates strong tenant base for multifamily
- Elevated home values in the area reinforce sustained rental demand
- 1985 vintage is competitive versus older local stock with value-add upside
- Risks: mixed safety readings and soft population trends warrant prudent underwriting and active management