| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 66th | Best |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9600 19th St, Rancho Cucamonga, CA, 91737, US |
| Region / Metro | Rancho Cucamonga |
| Year of Construction | 1987 |
| Units | 120 |
| Transaction Date | 2016-02-17 |
| Transaction Price | $25,650,000 |
| Buyer | NNC Apartment Ventures LLC |
| Seller | Pacific Urban Residential |
9600 19th St Rancho Cucamonga Multifamily Investment
This 120-unit property benefits from strong neighborhood-level occupancy at 97.1% and solid rental demand in a market with 66.2% renter-occupied units, according to CRE market data from WDSuite.
This Rancho Cucamonga neighborhood demonstrates solid rental fundamentals with 97.1% occupancy and strong renter density at 66.2% of housing units. The area ranks in the top quartile nationally for rental share among 997 metro neighborhoods, indicating sustained multifamily demand. Median household income of $76,304 supports rental affordability, while demographic statistics aggregated within a 3-mile radius show a stable population base of approximately 111,700 residents.
Built in 1987, this property aligns with the neighborhood's average construction year of 1984, suggesting potential value-add opportunities through targeted renovations and unit upgrades. The area's median rent of $1,920 reflects competitive positioning, with rent growth of 39.4% over the past five years demonstrating pricing power. Housing costs create rental demand depth, as home values averaging $515,848 can sustain renter reliance on multifamily housing.
The neighborhood offers practical amenities including 3.45 grocery stores per square mile, ranking in the 92nd percentile nationally for grocery access. Restaurant density of 12.08 per square mile supports tenant retention through dining convenience. Schools average a 3.0 rating, providing adequate educational options for families. The area maintains above-average demographics with 25.5% of residents holding bachelor's degrees, ranking in the 75th percentile nationally.
Safety metrics show the neighborhood performing competitively among Riverside-San Bernardino metro neighborhoods. Property crime rates have declined 32.3% year-over-year, ranking in the 75th percentile nationally for crime reduction trends. Violent crime rates also decreased 44.1% annually, placing the area in the 83rd percentile for violent crime improvement nationwide.
Current property crime rates of 193.5 incidents per 100,000 residents rank above metro median among 997 neighborhoods, while violent crime rates of 14.6 per 100,000 residents demonstrate stability. The improving crime trends support tenant retention and property management efficiency, with declining incident rates creating a more favorable operating environment.
The property benefits from proximity to major corporate employers within the Inland Empire corridor, supporting workforce housing demand and commute convenience for professional tenants.
- General Mills — food manufacturing (8.4 miles)
- Waste Management — environmental services (10.4 miles)
- Ryder Vehicle Sales — transportation services (11.2 miles)
- McKesson Medical Surgical — healthcare distribution (12.6 miles)
- Kinder Morgan — energy infrastructure (14.0 miles)
This 120-unit Rancho Cucamonga property offers stable cash flow potential through strong neighborhood fundamentals and rental demand drivers. The area's 97.1% occupancy rate exceeds typical market performance, while 66.2% renter-occupied housing units create sustained multifamily demand. Built in 1987, the property presents value-add opportunities through strategic renovations and unit improvements to capture additional rent growth.
Demographic projections within a 3-mile radius indicate household growth of 31.6% through 2028, expanding the potential tenant base. Rising household incomes, with median levels projected to increase 42.5% to $147,592, support rent growth capacity. However, investors should monitor the rent-to-income ratio of 0.28, which ranks in the 7th percentile nationally, requiring careful lease management and retention strategies.
- Strong neighborhood occupancy at 97.1% with high renter density supporting demand stability
- Value-add potential through renovations of 1987-vintage units in improving market
- Projected household growth of 31.6% through 2028 expanding tenant base
- Proximity to major employers including General Mills and Waste Management
- Risk consideration: Low rent-to-income ratio requires careful lease management strategies