| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 37th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 928 S Cypress Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | 2005-06-01 |
| Transaction Price | $3,200,000 |
| Buyer | DU STELLA |
| Seller | PFA HOLDINGS LLC |
928 S Cypress Ave Ontario Multifamily Investment
This 22-unit property built in 1988 sits in a neighborhood with 92.7% occupancy and strong rental demand fundamentals. Commercial real estate analysis from WDSuite indicates the area benefits from high renter concentration and proximity to major employment centers.
The Ontario neighborhood maintains solid fundamentals for multifamily investors, with 92.7% occupancy rates and a substantial 43% renter share among housing units. Demographics within a 3-mile radius show a stable population of approximately 168,400 residents, with household incomes averaging $82,212 and projected to reach $120,354 by 2028.
Built in 1988, this property aligns with the neighborhood's average construction year of 1979, indicating consistent building stock that may present value-add renovation opportunities. The area ranks in the 84th percentile nationally for contract rents at $1,688 median, while maintaining reasonable rent-to-income ratios that support tenant retention.
Amenity density strengthens tenant appeal, with the neighborhood ranking in the 95th percentile nationally for both cafe and grocery store access per square mile. However, investors should note limited childcare and park amenities, which rank at the bottom percentile regionally among 997 metro neighborhoods.
Looking forward, demographic projections indicate household growth of 34.7% through 2028, supporting expansion of the renter pool and sustained demand for multifamily housing. The area's Urban Core designation and high renter concentration create a stable foundation for occupancy and lease renewals.
The neighborhood's safety profile presents mixed signals that warrant investor consideration. Property crime rates rank around the middle tier among 997 metro neighborhoods, placing in the 53rd percentile nationally. Violent crime rates perform somewhat better, ranking in the 57th percentile nationwide.
Investors should note that recent crime trend data shows significant volatility, though this may reflect reporting methodology changes rather than underlying conditions. The overall crime environment appears competitive with similar Urban Core neighborhoods in the Riverside-San Bernardino-Ontario metro area.
The property benefits from proximity to diversified corporate employment, with major employers spanning logistics, healthcare, and industrial sectors within reasonable commuting distance.
- Waste Management — waste services (3.7 miles)
- Ryder Vehicle Sales — transportation services (4.6 miles)
- McKesson Medical Surgical — healthcare distribution (6.3 miles)
- General Mills — food manufacturing (7.8 miles)
This 22-unit Ontario property offers investors exposure to a neighborhood with above-average occupancy stability and strong rental demand fundamentals. The 43% renter share among housing units, combined with projected 34.7% household growth through 2028, supports sustained tenant demand. According to CRE market data from WDSuite, the area's median rents rank in the 84th percentile nationally while maintaining manageable rent-to-income ratios.
Built in 1988, the property presents potential value-add opportunities typical of properties from this vintage, while benefiting from proximity to diversified employment including Waste Management, Ryder, and McKesson Medical Surgical. The Urban Core location provides strong amenity access, ranking in the 95th percentile for grocery and cafe density, though investors should budget for potential capital improvements given the property's age.
- Strong occupancy fundamentals with 92.7% neighborhood rate and high renter concentration
- Projected 34.7% household growth supporting rental demand through 2028
- Proximity to diversified employment base spanning logistics and healthcare sectors
- Value-add potential given 1988 construction and neighborhood renovation trends
- Risk consideration: Mixed safety profile and potential capital expenditure needs