| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 43rd | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1255 N University St, Redlands, CA, 92374, US |
| Region / Metro | Redlands |
| Year of Construction | 1986 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1255 N University St, Redlands CA Multifamily Investment
Neighborhood fundamentals point to steady renter demand and leasing durability, according to WDSuite’s CRE market data. The immediate area shows stable occupancy and income depth, suggesting resilience through cycles.
This inner-suburban Redlands location rates B+ and is competitive among Riverside–San Bernardino–Ontario neighborhoods (269 out of 997), per WDSuite. Neighborhood occupancy is near metro norms, supporting predictable cash flow at scale for a 50-unit asset. Nearby grocery and pharmacy access trend above national norms, while restaurants are comparatively dense; parks and cafés are limited, so the renter experience leans more toward daily convenience than recreation.
With a median household income that ranks high nationally at the neighborhood level and a rent-to-income ratio of 0.12, the area supports pricing without outsized affordability pressure, which can aid lease retention. Elevated home values (81st percentile nationally) indicate a high-cost ownership market, which typically sustains reliance on multifamily housing and reinforces depth of the renter pool.
Tenure patterns are mixed: within the neighborhood, the share of housing units that are renter-occupied is modest, implying a thinner immediate renter base; within a 3-mile radius, renters represent a larger share of households, broadening the capture area for leasing. Population and households within 3 miles have grown over the past five years, with households up about 5.5%, and are projected to expand further by 2028, supporting occupancy stability and ongoing renter pool expansion.
The property’s 1986 vintage is newer than the neighborhood’s average construction year (1967), providing a competitive edge versus older stock. Investors should still plan for targeted modernization and systems upgrades to align with current renter expectations, but the vintage supports positioning against many legacy assets in the submarket.
Comparable safety metrics for this neighborhood are not published in the current WDSuite release. Investors typically benchmark neighborhood safety against metro and national trends when available and incorporate property-level controls (lighting, access, and visibility) into operations to support resident retention.
The employment base within commuting distance includes logistics and consumer goods offices, which can underpin steady renter demand and leasing retention for workforce-oriented units.
- Kinder Morgan — energy infrastructure offices (11.6 miles)
- General Mills — consumer packaged goods offices (15.8 miles)
- Mckesson Medical Surgical — healthcare distribution offices (29.9 miles)
- Waste Management — environmental services offices (30.1 miles)
Positioned in a B+ rated, inner-suburban Redlands neighborhood, 1255 N University St benefits from income depth, above-average neighborhood convenience, and occupancy that sits near metro norms, according to CRE market data from WDSuite. Elevated ownership costs in the area and a broader 3-mile renter base support demand durability and pricing power, while the property’s 1986 construction is relatively newer than much of the local stock—creating an avenue to compete effectively with targeted renovations.
Household and population growth within a 3-mile radius, alongside nationally strong neighborhood NOI per unit trends, point to sustained tenant demand over the medium term. Key watch items include limited nearby parks and café density and a modest renter-occupied share within the immediate neighborhood, suggesting leasing strategies should engage the wider catchment.
- B+ neighborhood, competitive within the Riverside–San Bernardino–Ontario metro supports occupancy stability
- High-cost ownership market reinforces multifamily demand and potential pricing power
- 1986 vintage offers relative competitiveness versus older local stock with value-add upside
- 3-mile household growth and income depth support a larger tenant base and retention
- Risk: limited parks/café density and a modest immediate renter share may require broader marketing