| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 34th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1076 Brookside Ave, Redlands, CA, 92373, US |
| Region / Metro | Redlands |
| Year of Construction | 1980 |
| Units | 64 |
| Transaction Date | 1995-05-10 |
| Transaction Price | $425,500 |
| Buyer | CHANG LORENE ANASTASI |
| Seller | BROOKSIDE PALMS INVESTMENT GROUP |
1076 Brookside Ave Redlands Multifamily Near Amenity Core
In a top-quartile inner-suburban node, the neighborhood s high renter concentration and ownership costs point to steady renter demand, according to WDSuite s CRE market data.
The property sits in Redlands Inner Suburb, rated A- and ranked 159 out of 997 metro neighborhoods, placing it in the top quartile among Riverside San Bernardino Ontario submarkets. For investors, that positioning signals competitive fundamentals relative to the metro, with a deep tenant base and strong amenity access supporting leasing velocity.
Amenity density is a clear strength. Neighborhood-level data show restaurant and cafe concentrations among the highest nationally (both in the 99th percentile), alongside solid grocery and pharmacy access. While park access within the immediate neighborhood is limited, the overall daily-needs mix supports tenant convenience and retention.
At the neighborhood level, renter-occupied share is high, indicating a sizable pool of multifamily users and depth for tenant sourcing. By contrast, neighborhood occupancy trends have been softer in recent years, so execution around leasing and renewals remains important for asset performance. Notably, the area s high-cost ownership profile (elevated value-to-income ratios) tends to reinforce reliance on rental housing, which can underpin pricing power for well-located assets.
Demographics aggregated within a 3-mile radius point to population growth over the last five years with additional increases in households projected over the next five, expanding the local renter pool. Household incomes have trended higher in the area, which can support rent levels for competitive product. Built in 1980, the asset is newer than the neighborhood s average vintage, positioning it competitively versus older stock, though investors should still plan for systems modernization and targeted renovations to meet current renter expectations.
Neighborhood safety metrics compare favorably. Crime is ranked 44 out of 997 metro neighborhoods, which is top quartile among Riverside San Bernardino Ontario neighborhoods, and national comparisons place the area above average for safety. Violent offense indicators are particularly strong, landing in a high national percentile and showing improvement year over year. Property offense measures are also better than many areas nationwide.
As always, safety can vary by micro-location and time, so investors should validate site-specific conditions and recent trends during diligence, but the comparative data suggest supportive neighborhood-level safety dynamics for multifamily operations.
Nearby corporate offices contribute to a diversified employment base that supports renter demand and commute convenience, including energy infrastructure, consumer foods, medical distribution, waste services, and logistics.
- Kinder Morgan energy infrastructure (9.9 miles)
- General Mills consumer foods (14.2 miles)
- McKesson Medical Surgical medical supply distribution (28.0 miles)
- Waste Management waste services (28.3 miles)
- Ryder Vehicle Sales logistics & fleet sales (31.0 miles)
This 64-unit 1980-vintage asset offers exposure to a top-quartile Redlands neighborhood with exceptional amenity access and a deep renter base. The area s high-cost ownership landscape tends to sustain reliance on multifamily housing, while population and household growth within 3 miles point to a gradually expanding tenant pool. According to CRE market data from WDSuite, neighborhood occupancy has been softer, making leasing execution and renewals an important focus but the combination of renter concentration and location fundamentals supports long-run demand.
Relative to older neighborhood stock, the 1980 construction provides a competitive position with potential value-add through system updates and targeted interior improvements. For investors seeking durable demand drivers in the Inland Empire s inner suburbs, this location offers a balanced risk-reward profile grounded in neighborhood strengths.
- Top-quartile neighborhood rank among 997 metro areas supports competitive leasing fundamentals
- High renter-occupied share and high-cost ownership market reinforce multifamily demand
- Amenity-rich setting (restaurants, cafes, daily needs) aids retention and pricing power
- 1980 vintage offers value-add potential versus older neighborhood stock
- Risk: neighborhood occupancy has been softer; requires focused leasing and renewal strategy