| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 34th | Fair |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1203 E Central Ave, Redlands, CA, 92374, US |
| Region / Metro | Redlands |
| Year of Construction | 1987 |
| Units | 60 |
| Transaction Date | 1995-03-14 |
| Transaction Price | $2,000,000 |
| Buyer | OCOTILLO REDLANDS LLC |
| Seller | WHEELER PLACE PARTNERS |
1203 E Central Ave, Redlands CA Multifamily Investment
Neighborhood occupancy remains tight with stable renter demand, according to WDSuite s CRE market data, supporting sustained leasing fundamentals around this address. Elevated ownership costs across the area further underpin renter reliance on multifamily housing.
Situated in Redlands inner-suburban fabric, the property benefits from steady renter demand and tight neighborhood occupancy measured at 97.0% (neighborhood metric, not the property), which ranks above the metro median among 997 Riverside San Bernardino Ontario neighborhoods. Based on commercial real estate analysis from WDSuite, this backdrop generally supports income stability and lowers lease-up risk when units turn.
Local living needs are serviceable: grocery access is comparatively strong (nationally high percentile), and childcare density ranks competitively within the metro, while restaurants, cafes, parks, and pharmacies are thinner nearby. Average school ratings in the neighborhood track below national norms, which may influence bedroom mix and marketing toward workforce renters rather than school-driven demand.
Ownership costs in the neighborhood are elevated versus incomes (high national percentile for value-to-income and home values), which tends to reinforce renter reliance on multifamily units and can aid pricing power and retention. At the same time, the neighborhood s rent-to-income positioning suggests manageable affordability pressure relative to many U.S. areas, which can support renewals and reduce turnover risk.
Within a 3-mile radius (aggregated demographics), population and household counts have grown over the past five years, with projections indicating additional population and household gains ahead. This points to a larger tenant base and incremental demand for rental housing in the submarket, supporting occupancy stability and long-run absorption potential. The neighborhood s average NOI per unit ranks in the upper half nationally, indicating competitive income performance relative to peers, per WDSuite s CRE dataset.
The asset s 1987 vintage is newer than much of the local housing stock (neighborhood average construction year is 1954). For investors, this generally implies a more competitive position versus older comparables, while still warranting targeted modernization or systems upgrades to sustain rents and reduce long-term capital surprises.
Comparable, property-level crime metrics are not available in the provided dataset for this neighborhood. Investors typically benchmark city and county trendlines to understand relative safety dynamics and to assess whether conditions are improving or deteriorating around the asset. Where possible, pairing third-party data with on-the-ground observations and historical leasing performance can contextualize resident retention and marketing strategy.
Nearby employers in energy infrastructure, food manufacturing and distribution, healthcare distribution, environmental services, and transportation/logistics support a broad workforce renter base and commute convenience for residents. The following employers illustrate the diversified demand drivers in proximity to the property:
- Kinder Morgan energy infrastructure (11.9 miles)
- General Mills food manufacturing/distribution (15.2 miles)
- Mckesson Medical Surgical healthcare distribution (30.1 miles)
- Waste Management environmental services (30.3 miles)
- Ryder Vehicle Sales transportation & logistics (33.0 miles)
This 60-unit, 1987-vintage asset sits in a neighborhood with tight occupancy and resilient renter demand, aided by a high-cost ownership landscape that supports reliance on multifamily housing. According to CRE market data from WDSuite, the neighborhood s occupancy trend is above the metro median and has strengthened over the past five years, a backdrop that typically supports rent collections and limits downtime on turns. The property s vintage is newer than much of the surrounding housing stock, which can enhance its competitive position versus older comparables while leaving room for targeted value-add through interior refreshes and systems modernization.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, pointing to a larger tenant base and potential for sustained absorption. Grocery and childcare access are positives for day-to-day livability, while thinner restaurant, park, and pharmacy options and below-average school ratings should be considered in marketing and amenity strategy.
- Tight neighborhood occupancy and durable renter demand support income stability
- 1987 construction offers competitive positioning vs. older local stock with value-add potential
- Growing 3-mile population and household counts expand the tenant base and leasing runway
- Elevated ownership costs in the area reinforce reliance on rentals and pricing power
- Risks: thinner dining/park amenities and lower school ratings may affect family-driven demand