| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 40th | Good |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 922 N Vine Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1979 |
| Units | 32 |
| Transaction Date | 2009-02-13 |
| Transaction Price | $3,261,000 |
| Buyer | SDS Real Estate |
| Seller | Mesa Hacienda LLC |
922 N Vine Ave, Ontario CA Multifamily Investment
High-cost ownership in Ontario sustains renter demand and supports steady neighborhood occupancy, according to WDSuite s CRE market data. Positioned for durable leasing with proximity to Inland Empire job centers, this asset offers operational upside through targeted upgrades.
Located in an inner-suburb pocket of Ontario, the neighborhood rates B- and shows leasing fundamentals that are slightly above national norms. Neighborhood occupancy sits modestly above the national median, indicating demand stability at the area level (this reflects neighborhood conditions, not the property). Elevated home values relative to incomes signal a high-cost ownership market, which tends to reinforce multifamily reliance and can aid pricing power and lease retention.
Livability is anchored by strong access to parks and open space (near the top decile nationally) and a deep base of childcare options, while sit-down dining density is competitive versus national norms. However, neighborhood-level counts for cafes, pharmacies, and grocery stores are limited, so resident convenience may depend on short drives to adjacent corridors. Average school ratings in the area trail national benchmarks, a factor to consider for family-oriented unit mixes and retention strategies.
Within a 3-mile radius, data indicate a renter-occupied share around half of housing units, providing a sizable tenant base for multifamily owners. Population has edged down in recent years, but household incomes have risen and forecasts point to more households alongside smaller average household sizes, which can expand the renter pool and support occupancy stability. Area contract rents have trended upward, and combined with a median rent-to-income profile near national averages, owners should balance revenue growth with affordability pressure in renewal planning.
Relative to the Riverside San Bernardino Ontario metro, the neighborhood s housing stock skews older on average; a 1979-vintage asset can compete well against pre-war buildings while benefitting from targeted modernization of interiors and systems to meet current renter expectations. These dynamics, paired with Inland Empire employment access, create a practical foundation for long-term operations and measured value-add.
Safety indicators are mixed at the neighborhood level. Recent data show property-related incidents have moved higher year over year, while violent incident rates compare better than many neighborhoods nationwide. Overall, conditions sit below the national median for safety, but not at the bottom of the distribution. Owners should underwrite routine security measures (lighting, access control, and vendor coordination) and monitor city and metro trends over time rather than relying on block-level snapshots.
All safety references reflect neighborhood comparisons within the Riverside San Bernardino Ontario metro and national benchmarks, not conditions specific to the property or parcel. Investors may wish to consult local law enforcement reporting and insurance guidance for more granular, operating-level risk management.
Proximity to logistics, services, and distribution employers supports a broad workforce renter base and commute convenience for residents. Nearby anchors include Waste Management, Ryder Vehicle Sales, General Mills, and McKesson Medical Surgical, with additional corporate operations within regional reach.
- Waste Management environmental services (5.3 miles)
- Ryder Vehicle Sales transportation & fleet (5.9 miles)
- General Mills food distribution (7.8 miles)
- Mckesson Medical Surgical medical distribution (7.9 miles)
- United Technologies corporate offices (16.3 miles)
This 32-unit, 1979-vintage community in Ontario offers durable renter demand supported by a high-cost ownership market and neighborhood occupancy that trends slightly above national norms, based on CRE market data from WDSuite. The asset s vintage is newer than much of the surrounding housing stock, positioning it to compete effectively with strategic renovations that modernize interiors and address aging systems.
Within a 3-mile radius, a majority-renter housing mix and rising household incomes underpin a sizable tenant base. While population growth has been flat to slightly negative, projections indicate more households and smaller average household sizes, which can sustain leasing velocity. Park access and proximity to regional employers add to livability, though limited nearby daily retail and below-average school ratings, along with mixed safety trends, warrant conservative underwriting and active management.
- High-cost ownership market supports rental demand and pricing power
- Neighborhood occupancy sits modestly above national norms (neighborhood-level)
- 1979 vintage is competitive versus older local stock with value-add potential
- Workforce access to regional employers supports tenant retention
- Risks: limited walkable daily retail, below-average school ratings, and mixed safety trends