| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 34th | Fair |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1340 Stillman Ave, Redlands, CA, 92374, US |
| Region / Metro | Redlands |
| Year of Construction | 1981 |
| Units | 36 |
| Transaction Date | 2016-01-06 |
| Transaction Price | $5,100,000 |
| Buyer | AANENSON PROPERTIES |
| Seller | HARVEY ESTATES LLC |
1340 Stillman Ave Redlands Multifamily Investment
Neighborhood occupancy trends indicate steady renter demand in Redlands, according to WDSuite s CRE market data, supporting income stability for well-run assets. These references describe the surrounding neighborhood, not the property s own occupancy.
Located in Redlands inner suburb within the Riverside San Bernardino Ontario metro, the neighborhood posts high occupancy and stable renter demand. With a neighborhood occupancy rate in the top quartile nationally (ranked 326 among 997 metro neighborhoods), the area has demonstrated resilient leasing conditions relative to broader U.S. trends, per WDSuite s CRE market data.
Renter concentration is notably high, placing among the very highest shares of renter-occupied units in the metro (ranked 5 out of 997). For investors, this depth of the tenant base can support leasing velocity and renewal potential across cycles, though it underscores the importance of competitive finishes and professional management to retain residents.
Livability signals are mixed. Daily needs are supported by above-median access to groceries and strong childcare density (both nationally above the 80th percentile), while cafes, restaurants, parks, and pharmacies are relatively sparse nearby. Average school ratings sit below national medians (around the 37th percentile), which may influence family-oriented retention strategies and amenity positioning.
Home values in the area trend above national norms (roughly the 75th percentile) and the value-to-income ratio skews higher (mid-80s percentile). In investor terms, this high-cost ownership market tends to sustain reliance on multifamily housing, reinforcing rental demand and supporting occupancy stability. Median contract rents are above national medians and have risen over the last five years, aligning with solid neighborhood housing fundamentals (above the 70th national percentile).
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding by 2028. This points to a gradually enlarging renter pool and supports the case for durable demand and pricing power when paired with appropriate unit mix and finish levels.
Safety data for this specific neighborhood are limited in WDSuite for the most recent period, so no comparative crime rank is cited here. Investors should consider broader inner-suburb dynamics and conduct on-the-ground diligence (e.g., property management feedback and local public records) to assess trends and how they may affect leasing, insurance, and operating procedures.
Commuting access to regional corporate offices helps support renter demand and renewal prospects. Nearby employers include energy infrastructure, consumer goods, healthcare distribution, waste services, and logistics operations listed below.
- Kinder Morgan energy infrastructure (12.1 miles)
- General Mills consumer goods (15.4 miles)
- Mckesson Medical Surgical healthcare distribution (30.3 miles)
- Waste Management waste services (30.6 miles)
- Ryder Vehicle Sales logistics (33.2 miles)
Built in 1981, the 36-unit property can compete well against an older neighborhood housing stock while leaving room for targeted modernization to enhance rent positioning and reduce near-term capex surprises. Neighborhood fundamentals including top-quartile occupancy performance and a very high renter-occupied share among metro peers suggest a deep tenant base and solid renewal potential relative to the broader market.
Elevated home values and higher value-to-income ratios in the area support continued reliance on multifamily rentals, while 3-mile population and household growth indicate an expanding renter pool over the next several years. According to CRE market data from WDSuite, neighborhood housing metrics sit above national medians, supporting a case for steady leasing with disciplined expense control and amenity alignment.
- Occupancy strength in the neighborhood supports income stability and leasing resilience.
- 1981 vintage offers competitive positioning versus older stock with value-add modernization potential.
- High-cost ownership context reinforces renter reliance, aiding retention and pricing power.
- Growing 3-mile population and households expand the tenant base over the forecast period.
- Risks: below-median school ratings and thinner lifestyle amenities nearby may require targeted leasing and amenity strategies.