| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 56th | Good |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 619 E Riverside Dr, Ontario, CA, 91761, US |
| Region / Metro | Ontario |
| Year of Construction | 1988 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
619 E Riverside Dr Ontario Multifamily Investment
Strong neighborhood occupancy and an ownership-leaning housing mix point to steady multifamily demand in Ontario’s inner suburb, according to WDSuite’s CRE market data. Neighborhood statistics reflect local dynamics around the property, not the asset itself.
The property sits in an Inner Suburb pocket of Ontario that ranks 37th of 997 metro neighborhoods (A+). For investors, that positioning signals competitive fundamentals within the Riverside–San Bernardino–Ontario metro and solid support for renter demand.
Daily-life amenities are a relative strength: neighborhood measures for restaurants, cafes, groceries, parks, and schools trend in the upper national percentiles, with average school ratings around the top quartile nationally. This mix can aid leasing velocity and retention, particularly for workforce households.
Neighborhood occupancy is high and has inched up over the past five years, indicating resilient demand through cycles. While the neighborhood’s renter-occupied share is on the lower side (around 27% of housing units), a mostly owner-occupied base can translate into a stable environment with a somewhat smaller but committed tenant pool.
Within a 3-mile radius, recent commercial real estate analysis shows households have grown while average household size edged lower, expanding the addressable renter base. Over the next five years, forecasts point to further increases in households alongside rising incomes, a combination that typically supports occupancy stability and measured rent growth.
Home values in the neighborhood are elevated relative to national norms, which tends to reinforce reliance on multifamily housing for many households and can support pricing power when paired with prudent lease management.
Safety conditions are mixed when viewed against multiple benchmarks. The neighborhood’s crime rank sits in the less favorable half among 997 metro neighborhoods, suggesting investors should underwrite routine security and operational oversight.
Nationally, violent offense indicators track in a higher (safer) percentile, while property offenses align closer to the national middle and recently trended upward. The directional takeaway is to monitor property offense trends and incorporate practical measures—lighting, access control, and coordination with local resources—without assuming block-level risk uniformity.
Proximity to logistics and corporate operations underpins workforce housing demand, with commuters accessing Waste Management, McKesson Medical-Surgical, Ryder, and General Mills within a short drive.
- Waste Management — waste services (2.8 miles)
- Mckesson Medical Surgical — medical distribution (4.4 miles)
- Ryder Vehicle Sales — fleet sales & logistics (5.3 miles)
- General Mills — food manufacturing/distribution (6.3 miles)
Built in 1988, the asset is slightly older than the neighborhood average vintage, which points to manageable capital planning needs and potential value-add through targeted renovations to stay competitive versus newer stock. According to CRE market data from WDSuite, the surrounding neighborhood shows high occupancy and strong amenity access, both constructive for leasing stability.
Investor focus should be on capturing steady demand from a deepening 3-mile household base while balancing a lower neighborhood renter concentration with elevated ownership costs that sustain multifamily reliance. Monitoring property offense trends and maintaining sound security practices can help preserve performance in an otherwise solid inner-suburban location.
- High neighborhood occupancy with amenity depth supports leasing stability
- 1988 vintage offers value-add potential via focused upgrades
- 3-mile household growth and rising incomes expand the tenant base
- Elevated ownership costs help sustain rental demand and pricing power
- Risk: mixed safety signals with recent property offense uptick warrant ongoing monitoring