| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 40th | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 955 N Palmetto Ave, Ontario, CA, 91762, US |
| Region / Metro | Ontario |
| Year of Construction | 1998 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
955 N Palmetto Ave Ontario 80-Unit Multifamily
Neighborhood occupancy is exceptionally tight and has trended higher, according to WDSuite’s CRE market data, supporting leasing stability in this Ontario submarket. Built in 1998, the asset’s newer vintage versus area norms positions it competitively while leaving room for targeted modernization.
Ontario’s Urban Core pocket around 955 N Palmetto Ave rates B+ and is above the metro median (293 of 997 neighborhoods), based on CRE market data from WDSuite. Neighborhood occupancy is at the high end locally and has improved over the past five years; this reflects durable renter demand at the neighborhood level rather than at the property.
Daily-needs access is a relative strength: grocery options are solid and pharmacies are dense compared with most neighborhoods nationally, while restaurants are plentiful. By contrast, parks and cafes are limited in the immediate area. Average school ratings trend below national norms, which can matter for certain renter cohorts, but workforce and location convenience remain demand drivers for multifamily.
Renter-occupied housing makes up roughly a third of units within the neighborhood, indicating a more ownership-leaning block mix; however, within a 3-mile radius the renter share is higher, broadening the tenant base for an 80-unit community. Median neighborhood rents sit above national medians, and rent-to-income metrics are near mid-range nationally, balancing pricing power with retention considerations for operators.
Vintage is a differentiator: the area’s average construction year skews older (1960s), while this property’s 1998 build offers competitive positioning versus legacy stock. Investors should still plan for aging systems and potential value-add modernization to match current renter expectations.
Safety indicators are mixed. Relative to the Riverside–San Bernardino–Ontario metro, the neighborhood’s crime standing is below average (ranked 884 out of 997), placing it on the less safe end locally. Nationally, composite crime measures sit in the lower quartiles, though violent-offense comparisons are closer to midpack. Recent year-over-year shifts show volatility, so trend monitoring remains prudent for underwriting and operations.
Investors typically respond to this profile with property-level measures, community engagement, and leasing practices calibrated to sustain occupancy while managing risk. Always evaluate current, property-specific security measures and recent local trends alongside these neighborhood-level indicators.
The area draws on a diversified employment base spanning waste services, logistics and vehicle sales, medical distribution, and food manufacturing, supporting workforce housing demand and commute convenience for renters near the property.
- Waste Management — waste services (5.1 miles)
- Ryder Vehicle Sales — logistics & vehicle sales (5.4 miles)
- Mckesson Medical Surgical — medical distribution (7.8 miles)
- General Mills — food manufacturing (8.5 miles)
- United Technologies — industrial & aerospace offices (15.8 miles)
955 N Palmetto Ave combines tight neighborhood occupancy with an 80-unit scale and a 1998 vintage, creating a practical platform for stabilized operations with selective value-add. Neighborhood-level rents trend above national medians, while mid-range rent-to-income metrics support balanced pricing and retention. According to CRE market data from WDSuite, this Ontario location ranks above the metro median overall, with strong access to daily-needs retail and a broad 3-mile renter pool.
Relative to older surrounding stock, the 1998 construction should compete well for workforce renters, though planning for system updates and targeted interior upgrades can enhance yield. Forward-looking demographics within a 3-mile radius point to a shift toward more households and smaller household sizes, which can expand the effective renter base even if population growth is modest.
- Tight neighborhood occupancy supports leasing stability and reduces downtime risk
- 1998 vintage competes well versus older area stock with value-add modernization potential
- Above-median neighborhood standing in the metro with strong daily-needs access
- 3-mile demand drivers include a sizable renter base and shifting toward smaller households
- Risks: safety metrics below metro average and limited parks/cafes warrant operational focus