| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 40th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8414 Turner Ave, Rancho Cucamonga, CA, 91730, US |
| Region / Metro | Rancho Cucamonga |
| Year of Construction | 1993 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8414 Turner Ave Rancho Cucamonga Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy at the submarket level, according to WDSuite’s CRE market data. Metrics cited below reflect the surrounding neighborhood, not this specific property.
Positioned in Rancho Cucamonga’s Urban Core, the surrounding neighborhood carries a B+ rating and ranks competitive among Riverside–San Bernardino neighborhoods (291 out of 997), suggesting balanced livability and investment fundamentals for multifamily. Parks access scores strong while dining depth is respectable; daily-needs retail like grocery and pharmacies are thinner within immediate blocks, which can influence walkability but is typically offset by short-drive convenience in this metro.
The local renter base is substantial: roughly six in ten housing units in the neighborhood are renter-occupied, supporting a deeper tenant pool and leasing stability relative to more owner-heavy areas. At the same time, the neighborhood occupancy rate trends in the top quartile nationally, reinforcing the case for consistent absorption and renewal prospects in comparable assets.
Within a 3-mile radius, demographics indicate population growth over the last five years with a further increase expected by 2028, and households have expanded with projections for additional gains as average household size trends lower. This combination typically expands the tenant base and supports occupancy stability for rental communities.
Construction vintage matters for competitiveness: built in 1993, the asset skews newer than the neighborhood’s 1985 average, which can be advantageous versus older stock. Investors should still plan for targeted modernization and system upgrades as part of capital planning to sustain leasing velocity and pricing power.
Home values in the neighborhood are elevated for the Inland Empire context while rent-to-income measures sit at a manageable level, a mix that can sustain rental demand and support retention without overreliance on aggressive rent steps. For investors, this points to balanced pricing opportunities while monitoring any competition from ownership alternatives.
Public safety trends are mixed and broadly around the metro average for Riverside–San Bernardino. Compared with neighborhoods nationwide, violent incidents trend in a relatively better position (higher national percentile indicates comparatively safer conditions), while property incidents also sit modestly above the national midpoint. Year over year, estimated property offenses eased slightly, while violent incidents ticked up, underscoring the importance of steady security and lighting standards for long-term operations.
These metrics reflect the neighborhood context (ranked against 997 metro neighborhoods) rather than the property itself. Investors typically underwrite with comparative comps and ongoing monitoring rather than block-level assumptions.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including General Mills, Waste Management, Ryder Vehicle Sales, McKesson Medical Surgical, and Kinder Morgan.
- General Mills — consumer foods (6.1 miles)
- Waste Management — waste services (8.9 miles)
- Ryder Vehicle Sales — logistics & fleet (10.2 miles)
- Mckesson Medical Surgical — medical distribution (10.8 miles)
- Kinder Morgan — energy infrastructure (12.7 miles)
This 76-unit, 1993-vintage asset benefits from a renter-concentrated neighborhood and occupancy that trends in the top quartile nationally, supporting resilient lease-up and renewals. The submarket’s B+ neighborhood rating and competitive rank within the Riverside–San Bernardino metro point to balanced fundamentals, while newer-than-average vintage versus local stock can enhance positioning against older comparables with focused renovations.
Within a 3-mile radius, population growth and a notable increase in households—alongside smaller average household sizes—suggest a larger tenant base over the next few years. Based on commercial real estate analysis informed by WDSuite’s CRE market data, ownership costs remain elevated enough to sustain multifamily demand, while rent-to-income levels imply room for disciplined pricing without unduly pressuring retention.
- Renter-occupied concentration in the neighborhood supports steady multifamily demand and renewal depth.
- Occupancy trends in the top quartile nationally, reinforcing leasing stability for comparable assets.
- 1993 vintage offers competitive positioning versus older local stock with targeted value-add upside.
- 3-mile demographics indicate renter pool expansion as households grow and sizes decline.
- Risk: amenity gaps (e.g., limited immediate grocery/pharmacy options) and mixed safety trends warrant operational focus.