| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 32nd | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8430 Baker Ave, Rancho Cucamonga, CA, 91730, US |
| Region / Metro | Rancho Cucamonga |
| Year of Construction | 2009 |
| Units | 41 |
| Transaction Date | 2009-03-13 |
| Transaction Price | $7,000,000 |
| Buyer | Sycamore |
| Seller | East West Bank |
8430 Baker Ave, Rancho Cucamonga Multifamily Investment
Neighborhood fundamentals point to steady renter demand and mid-90s occupancy that has held resilient, according to WDSuite’s CRE market data. This positioning supports stable leasing and cash flow management near core Inland Empire job nodes.
Located in Rancho Cucamonga’s Urban Core, the property sits in a neighborhood rated A- and above the metro median (ranked 155 among 997 metro neighborhoods). Amenity access is a relative strength: restaurants and cafes rank in the top decile nationally, and grocery access is also strong, supporting daily convenience and leasing appeal.
The asset’s 2009 construction is newer than the neighborhood’s average vintage of 1974, which can provide competitive positioning against older stock. Investors should still plan for selective modernization and system refresh cycles typical at this age to maintain renter appeal and manage long-term capital needs.
Renter-occupied housing is prevalent in the neighborhood (high national percentile), indicating a deep tenant base for multifamily operators and supporting demand stability over time. Neighborhood occupancy has remained elevated compared with many U.S. locations, which can aid retention and reduce downtime between turns.
Within a 3-mile radius, population has inched up while household counts have grown faster, and projections show further increases in households alongside slightly smaller average household sizes. This pattern generally expands the renter pool and supports occupancy stability, particularly for larger floor plans that can capture family and roommate demand. Elevated home values relative to incomes (high national percentile value-to-income ratio) signal a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and can support pricing power when managed carefully.
School ratings in the neighborhood benchmark below national averages, which some households weigh in location decisions; investors can offset this with amenity-forward unit features, professional management, and value positioning. Park access is limited locally, making proximity to private on-site or nearby recreational amenities a potential differentiator for leasing.
Safety metrics benchmark favorably versus national peers: the neighborhood sits in the top quartile nationally on WDSuite’s composite crime measure. Recent year-over-year estimates indicate meaningful declines in both property and violent offense rates, a constructive trend investors often associate with residential stability and retention.
As always, conditions vary by block and over time. Comparing multiple periods and cross-checking trends across the Riverside–San Bernardino–Ontario metro helps calibrate risk and underwriting assumptions without relying on single-year snapshots.
- General Mills — food manufacturing offices (7.3 miles)
- Waste Management — environmental services offices (7.7 miles)
- Ryder Vehicle Sales — logistics/vehicle sales (8.6 miles)
- McKesson Medical Surgical — medical distribution (10.0 miles)
- Edison International — electric utility (26.6 miles) — HQ
Nearby corporate offices support a broad employment base and commute convenience, which can help sustain renter demand and lease retention. Key employers include General Mills, Waste Management, Ryder Vehicle Sales, McKesson Medical Surgical, and Edison International.
This 41-unit, 2009-vintage asset offers larger-than-typical floor plans for the area, aligning with household patterns that favor family and roommate configurations. Newer construction relative to the neighborhood’s older stock can translate to competitive positioning and manageable near-term capital planning, while neighborhood occupancy has remained strong and renter concentration is elevated—signals that support leasing stability. Elevated ownership costs in the area further sustain multifamily demand and can underpin rent growth when paired with disciplined lease management.
According to CRE market data from WDSuite, amenity access ranks well above national norms, while household counts within a 3-mile radius have expanded with projections for further gains and modestly smaller household sizes—dynamics that typically enlarge the renter pool. Near-term strategy can focus on light renovations and operational execution to capture demand from nearby employment nodes and households prioritizing space and convenience.
- Newer 2009 vintage versus older neighborhood stock supports competitive positioning and measured capex
- Strong neighborhood occupancy and high renter-occupied share indicate demand depth and retention potential
- High-cost ownership market reinforces renter reliance, aiding pricing power when managed carefully
- Amenity-rich location and nearby employers support ongoing leasing and absorption
- Risks: below-average school ratings and limited parks; monitor affordability pressure as rents trend higher