| 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 | 1985 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1255 N University St Redlands Multifamily Investment
This 50-unit property built in 1985 sits in a neighborhood with strong household income fundamentals and stable occupancy metrics. According to CRE market data from WDSuite, the area maintains above-average rental demand with median household income in the top decile nationally.
The property operates within an inner suburb neighborhood in the Riverside-San Bernardino-Ontario metro that ranks in the top quartile nationally for household income, with median earnings of $138,671 significantly outpacing regional averages. Demographic data aggregated within a 3-mile radius shows a stable population of approximately 71,800 residents with projected growth of 5.3% through 2028, supporting continued rental demand.
Built in 1985, this asset predates the neighborhood's average construction year of 1967 by nearly two decades, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older competing properties. The area maintains a 92.5% occupancy rate at the neighborhood level, indicating solid absorption and tenant retention dynamics.
The rental market shows strength with median contract rents of $2,060 ranking in the 92nd percentile nationally, while maintaining reasonable affordability with rent-to-income ratios in the top quartile. Approximately 23.7% of housing units are renter-occupied, providing a stable tenant base. Essential amenities include adequate grocery access with 1.28 stores per square mile and strong childcare density ranking in the 95th percentile nationally, supporting family-oriented tenant retention.
Demographic projections through 2028 indicate household growth of 40.1% and median income increases to $154,660, suggesting an expanding and strengthening renter pool. The forecast anticipates rent growth to $2,353, representing a 43.2% increase that could support revenue optimization strategies for well-positioned assets.
Crime data for this specific neighborhood is not available in current reporting systems, limiting direct safety assessments. Investors should conduct independent due diligence including local crime statistics, police reports, and on-site security evaluations when evaluating this market.
The broader Redlands area generally maintains suburban characteristics typical of San Bernardino County's inner suburban neighborhoods. Property-level security features, lighting, and access controls remain important considerations for tenant retention and asset protection in any multifamily investment.
The regional employment base includes several major corporate offices within commuting distance, providing workforce housing opportunities for professional tenants.
- Kinder Morgan — energy infrastructure (11.6 miles)
- General Mills — consumer goods (15.8 miles)
- General Mills — consumer goods (21.3 miles)
- Mckesson Medical Surgical — healthcare services (30.0 miles)
- Waste Management — environmental services (30.2 miles)
This 1985-vintage property benefits from a neighborhood with exceptional income demographics and stable rental fundamentals. The area's median household income of $138,671 ranks in the top decile nationally, while projected household growth of 40.1% through 2028 indicates expanding rental demand. Based on multifamily property research from WDSuite, the neighborhood maintains competitive occupancy at 92.5% with rent levels in the 92nd percentile nationally, suggesting strong pricing power and tenant quality.
The property's 1985 construction date positions it as newer than the neighborhood average, potentially reducing near-term capital expenditure needs while offering value-add opportunities through unit upgrades and amenity enhancements. Forecast rent growth to $2,353 represents significant revenue upside, though investors should monitor competitive supply and renewal strategies given the area's higher income profile may create homeownership competition.
- Top-decile household income supports premium rent levels and tenant stability
- 40% projected household growth through 2028 expands rental demand pool
- Newer vintage relative to neighborhood average reduces immediate capital needs
- Strong forecast rent growth potential with 43% projected increases
- Risk: High income levels may increase homeownership competition and turnover