| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 40th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9904 Placer St, Rancho Cucamonga, CA, 91730, US |
| Region / Metro | Rancho Cucamonga |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9904 Placer St Rancho Cucamonga Multifamily Investment
This 48-unit property built in 1977 sits in a neighborhood with 95.7% occupancy and strong renter demand, supported by commercial real estate analysis from WDSuite that shows 59.4% of local housing units are renter-occupied.
The property occupies a B+ rated neighborhood that ranks in the top third among 997 metro neighborhoods for housing fundamentals. Built in 1977, this vintage aligns with the neighborhood average construction year of 1985, suggesting consistent building stock that may offer value-add renovation opportunities for investors focused on capital improvements and rent optimization.
Neighborhood-level occupancy reaches 95.7%, ranking in the 75th percentile nationally and indicating strong tenant retention dynamics. With 59.4% of housing units renter-occupied—placing this area in the 93rd percentile nationally—the local market demonstrates substantial rental demand depth. Demographics within a 3-mile radius show a median household income of $86,926 with 48% of households earning above $75,000, supporting rental rate stability.
The area benefits from high childcare density ranking 10th among metro neighborhoods, appealing to family renters, while restaurant access ranks in the 82nd percentile nationally. However, limited grocery and pharmacy access may require tenants to travel for essential services. Median contract rents of $1,995 within the 3-mile radius reflect competitive pricing, with rent growth of 31.1% over five years indicating sustained demand pressure.
Population projections show 3.9% growth through 2028 with household formation increasing 35.7%, expanding the potential tenant base. Forecast median household income is expected to rise 47.5% to $128,233, while median rents are projected to grow 30.1% to $2,596, suggesting continued rental demand and pricing power for well-positioned properties.
Property crime rates in the neighborhood track at 211 incidents per 100,000 residents annually, ranking 330th among 997 metro neighborhoods and placing in the 55th percentile nationally. This positions the area near metro median for property crime, with recent trends showing a 2.4% decrease year-over-year, indicating modest improvement in property security conditions.
Violent crime rates register at 22.4 incidents per 100,000 residents, ranking 398th among metro neighborhoods and in the 57th percentile nationally. While violent crime increased 6.1% over the past year, the absolute rates remain relatively low compared to urban core averages. Investors should monitor these trends as part of ongoing tenant retention and property management considerations.
The employment base includes major corporate offices within commuting distance, providing workforce housing demand from diverse industries including food manufacturing, waste management, and healthcare distribution.
- General Mills — food manufacturing (6.3 miles)
- Waste Management — environmental services (8.9 miles)
- Ryder Vehicle Sales — transportation services (10.1 miles)
- Mckesson Medical Surgical — healthcare distribution (10.8 miles)
- Kinder Morgan — energy infrastructure (13.0 miles)
This 48-unit property presents a value-add opportunity in a stable rental market with 95.7% neighborhood occupancy and 59.4% renter-occupied housing units. The 1977 construction year offers potential for strategic capital improvements to capture rent premiums in a market where median rents have grown 31.1% over five years. According to CRE market data from WDSuite, demographic projections show 35.7% household growth through 2028, expanding the tenant pool while forecast median incomes are expected to rise 47.5% to $128,233.
The San Bernardino County location benefits from proximity to major employers like General Mills and Waste Management, supporting workforce housing demand. However, investors should consider the property's vintage when planning capital expenditures and monitor recent violent crime increases as part of tenant retention strategies.
- Strong occupancy fundamentals with 95.7% neighborhood rate and high renter concentration
- Value-add potential from 1977 vintage in market with 31.1% rent growth
- Expanding tenant base with 35.7% projected household growth through 2028
- Diversified employment base with major corporate offices within 15 miles
- Risk consideration: Recent uptick in violent crime requires ongoing security assessment