| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 28th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 N San Antonio Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1980 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
320 N San Antonio Ave Ontario Multifamily Investment
This 28-unit property built in 1980 benefits from strong neighborhood rental demand with 69% renter occupancy and 96% occupancy rates. Commercial real estate analysis from WDSuite shows the area maintains above-average rental stability in the Riverside-San Bernardino metro.
The property sits in an urban core neighborhood rated B- among 997 metro neighborhoods, with housing fundamentals ranking in the 75th national percentile. With 69% of housing units renter-occupied compared to metro averages, the area demonstrates strong rental market depth. Neighborhood occupancy rates of 96% reflect stable tenant retention, while median contract rents of $1,730 position above metro norms.
Demographics within a 3-mile radius show a population of 172,460 with household incomes averaging $93,779 and growing 74% over five years. The area maintains larger household sizes of 3.4 people, supporting demand for family-oriented multifamily housing. Forecasts project median household income rising to $114,307 by 2028, indicating strengthening tenant purchasing power.
Built in 1980, this property aligns with the neighborhood's average construction year of 1968, suggesting potential value-add opportunities through strategic capital improvements. The area offers strong grocery access with 6.5 stores per square mile ranking in the 98th national percentile, plus restaurant density supporting tenant lifestyle preferences. Limited childcare and park amenities may require consideration for family-focused marketing strategies.
The neighborhood's crime metrics show mixed performance relative to the broader Riverside-San Bernardino metro. Property offense rates of 489 per 100,000 residents place the area in the middle tier among 997 metro neighborhoods, while violent crime rates of 42 per 100,000 residents perform slightly below metro medians.
Recent crime trend data indicates significant year-over-year increases in reported incidents, though this may reflect changes in reporting methodologies rather than actual crime patterns. Investors should monitor local safety initiatives and consider security features as potential value-adds for tenant retention and lease-up velocity.
The property benefits from proximity to major corporate employers that provide workforce housing demand, with several Fortune 500 companies maintaining operations within reasonable commuting distance.
- Waste Management — corporate offices (4.7 miles)
- Ryder Vehicle Sales — corporate offices (5.4 miles)
- McKesson Medical Surgical — healthcare services (7.3 miles)
- General Mills — corporate offices (7.8 miles)
This 28-unit Ontario property offers stable cash flow fundamentals anchored by strong neighborhood rental demand and occupancy performance. The 1980 construction vintage presents value-add opportunities through strategic improvements, while the urban core location benefits from established rental market dynamics. CRE market data from WDSuite indicates neighborhood rents of $1,730 exceed metro benchmarks, supporting pricing power for quality units.
Demographic projections show household income growth of 48% through 2028, strengthening the tenant base's rent-paying capacity. The high renter occupancy rate of 69% reflects sustained rental demand, while proximity to major employers like Waste Management and General Mills provides workforce housing appeal. However, investors should factor recent crime trend volatility and limited neighborhood amenities into renovation and marketing strategies.
- Strong rental market with 96% neighborhood occupancy and 69% renter-occupied units
- Above-market rents of $1,730 with projected household income growth to $114,307 by 2028
- Value-add potential through 1980s vintage property improvements
- Proximity to Fortune 500 employers supporting workforce housing demand
- Risk factor: Recent crime trend volatility requires security consideration in capital planning