| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 34th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1075 W State St, Redlands, CA, 92373, US |
| Region / Metro | Redlands |
| Year of Construction | 1979 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1075 W State St Redlands Multifamily Near Strong Amenities
Neighboring blocks show deep renter demand and a wide amenity base, according to WDSuite’s CRE market data, suggesting consistent leasing interest even as metro occupancy fluctuates. The thesis here centers on durable renter concentration supported by nearby services and employers.
Positioned in Redlands’ inner suburb context, the neighborhood ranks 159 out of 997 within the Riverside–San Bernardino–Ontario metro—competitive among metro neighborhoods—reflecting balanced fundamentals for multifamily investors. Restaurants and cafes are a standout strength, with local densities among the top tier nationally, while grocery and pharmacy access also test above national norms. Park access is limited within the neighborhood, so residents rely more on private/community amenities and nearby open spaces outside the immediate blocks.
The area skews renter-heavy at the neighborhood level, with a high share of housing units renter-occupied. For investors, this signals a larger tenant base and potential leasing depth for a property of this scale. By contrast, neighborhood occupancy has trended softer than many peer areas in recent years, which calls for active lease management and thoughtful unit positioning to maintain stability.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, pointing to a larger tenant base over time. Household incomes have moved higher as well, which can support rent levels and retention for well-managed assets. These demographic tailwinds, based on CRE market data from WDSuite, are constructive for demand even as competitive supply across the metro ebbs and flows.
Home values in the neighborhood sit on the higher side for the Inland Empire, indicating a high-cost ownership market that tends to reinforce rental demand and support lease retention. At the same time, rent-to-income levels appear manageable in this location, which can moderate affordability pressure and aid renewal strategies.
Built in 1979, the asset is newer than the surrounding neighborhood’s mid-century housing stock. That vintage positioning may provide a competitive edge over older properties while still offering value-add potential through targeted renovations and system updates over the hold.
Safety indicators present a mixed but generally favorable picture when viewed across scales. Nationally, the neighborhood compares well—overall crime metrics land in the top quartile for safety, and violent offense measures test in the top decile nationwide. However, within the Riverside–San Bernardino–Ontario metro, its crime rank sits at 44 out of 997 neighborhoods, a position that suggests higher crime concentration relative to many local peers. Recent trend data shows violent offense rates improving on a year-over-year basis, which supports a more constructive near-term outlook.
For investors, the takeaway is to underwrite standard security, lighting, and access-control measures typical for the submarket, and to emphasize onsite management presence. The combination of nationally favorable comparisons with a more mixed metro standing warrants pragmatic operating protocols rather than outsized risk assumptions.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for workforce households. Notable employers include Kinder Morgan, General Mills, McKesson Medical Surgical, and Waste Management—each within a commutable radius.
- Kinder Morgan — corporate offices (9.9 miles)
- General Mills — corporate offices (14.4 miles)
- General Mills — corporate offices (19.4 miles)
- Mckesson Medical Surgical — corporate offices (28.0 miles)
- Waste Management — corporate offices (28.3 miles)
1075 W State St offers a 1979-vintage, garden-style profile in a neighborhood that is competitive within the Riverside–San Bernardino–Ontario metro. The surrounding area shows strong amenity density and a high renter-occupied share, indicating depth of tenant demand. Within a 3-mile radius, population and households have been expanding and are expected to continue growing, supporting a larger renter pool and aiding occupancy stability over time. According to CRE market data from WDSuite, rents in the area have trended upward, while a manageable rent-to-income backdrop can help with renewal strategies.
From an operations standpoint, the asset’s vintage is newer than much of the nearby housing stock, providing relative competitiveness while preserving value-add potential via interior upgrades and modernization of building systems. Key risks include softer neighborhood occupancy versus national benchmarks and limited park access, both manageable with targeted positioning, amenities, and marketing.
- Strong amenity and service access supports daily convenience and renter appeal
- High renter-occupied share signals depth of tenant demand for multifamily
- 1979 vintage offers value-add and modernization upside versus older local stock
- 3-mile population and household growth expand the renter pool, supporting leasing
- Risk: neighborhood occupancy runs softer; active leasing and amenity upgrades recommended