| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 34th | Fair |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1129 E Central Ave, Redlands, CA, 92374, US |
| Region / Metro | Redlands |
| Year of Construction | 1986 |
| Units | 40 |
| Transaction Date | 1996-09-04 |
| Transaction Price | $1,180,000 |
| Buyer | WOODMAN REALTY INC |
| Seller | TORRANCE BANK SSB |
1129 E Central Ave Redlands 40-Unit Multifamily Investment
Neighborhood occupancy runs high and has trended upward, supporting income stability for well-managed assets, according to WDSuite’s CRE market data. Rents in this Redlands inner-suburb location are positioned above national norms, pointing to durable renter demand rather than aggressive lease-up risk.
This Inner Suburb neighborhood in Redlands carries a B- rating and sits roughly mid-pack among 997 metro neighborhoods, with occupancy measuring strong (upper-tier nationally) and trending upward. Median contract rents rank well above national levels, while average NOI per unit benchmarks in the mid-range nationally—supportive for stabilized operations without relying on outsized premiums.
Local amenity access is mixed. Grocery and childcare availability track in the upper national percentiles, which helps day-to-day convenience for residents. By contrast, parks, cafes, and restaurants are thinner in the immediate area, so on-site amenities and thoughtful property programming can play a larger role in resident retention.
Schools in the neighborhood rate below national averages on a five-point scale, which can modestly temper family-driven leasing velocity relative to stronger-rated subareas. Even so, the neighborhood’s elevated home values and a high-cost ownership landscape tend to keep households renting longer, reinforcing retention and reducing turnover pressure for competitively positioned communities.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing over the next five years, indicating a larger tenant base ahead. Median incomes in the 3-mile area have risen meaningfully, and are forecast to climb further, which supports rent collections and mitigates affordability pressure. Construction vintage across the neighborhood skews older (1950s on average), while this asset’s 1986 build is newer than much of the local stock—providing relative competitiveness versus older properties, though systems updates and selective renovations may still be prudent as part of capital planning.
Comparable neighborhood safety data for this specific area is not available in WDSuite’s dataset at this time. Investors typically benchmark property-level risk controls and loss history against Redlands and Riverside–San Bernardino metro trends to contextualize security posture and insurance underwriting.
Practical measures—such as lighting, access control, and visibility along circulation paths—remain standard considerations for maintaining leasing momentum and protecting NOI regardless of broader crime statistics.
The surrounding Inland Empire employment base provides diversified demand, with commuting access to energy infrastructure, food manufacturing, healthcare distribution, waste services, and transportation—supporting workforce housing and resident retention for nearby multifamily.
- Kinder Morgan — energy infrastructure (11.8 miles)
- General Mills — food manufacturing offices (15.1 miles)
- Mckesson Medical Surgical — healthcare distribution (30.0 miles)
- Waste Management — environmental services (30.2 miles)
- Ryder Vehicle Sales — transportation & fleet services (32.9 miles)
Built in 1986 with approximately 40 units, the property competes favorably against an older neighborhood baseline while offering room for targeted value-add. Neighborhood occupancy trends sit above national norms and have improved over the last five years, supporting steady leasing and pricing power for well-maintained assets. Elevated ownership costs in the area reinforce renter reliance on multifamily housing, which can bolster retention and reduce exposure to rapid turnover.
According to commercial real estate analysis from WDSuite, nearby contract rents benchmark above national levels while remaining supported by a growing 3-mile tenant base and rising household incomes. Forward demographic projections indicate continued population and household expansion within the 3-mile radius, pointing to a larger renter pool and stable absorption for competitive communities. At the asset level, modernization of interiors, building systems, and common areas could further differentiate against older local stock while maintaining a prudent approach to capital planning.
- Occupancy in the neighborhood is above national norms, supporting income durability for stabilized operations.
- 1986 vintage offers a relative edge versus older nearby stock, with selective renovation and systems updates creating value-add potential.
- 3-mile population and household growth expands the renter base and supports lease-up and retention.
- Elevated ownership costs sustain reliance on rentals, aiding pricing power for competitive communities.
- Risks: thinner nearby parks/cafes/restaurants and below-average school ratings may modestly weigh on family-driven demand; manage via on-site amenities and resident experience.