| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 76th | Best |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1408 Orange Ave, Redlands, CA, 92373, US |
| Region / Metro | Redlands |
| Year of Construction | 1990 |
| Units | 68 |
| Transaction Date | 2002-09-27 |
| Transaction Price | $6,025,000 |
| Buyer | CHAFFEE DOUGLAS B |
| Seller | SOUTHERN CALIFORNIA IBEW NECA PENSION PL |
1408 Orange Ave Redlands CA Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and strong occupancy at the neighborhood level, according to WDSuite’s CRE market data. These signals point to stable leasing conditions for a professionally managed asset in Redlands.
The property sits in an A-rated Inner Suburb pocket of Redlands that is competitive among Riverside–San Bernardino–Ontario neighborhoods (ranked 103 out of 997), based on WDSuite’s CRE market data. At the neighborhood level, occupancy trends sit in the top tier metro-wide, supporting an expectation of steadier lease-up and lower downtime relative to softer submarkets. These are neighborhood indicators, not property-specific performance.
Livability is anchored by strong daily-needs access: grocery availability ranks in the upper national percentiles, and restaurant density is high compared with neighborhoods nationwide. By contrast, parks, pharmacies, cafes, and childcare options register as limited within the immediate neighborhood, so residents may rely on nearby Redlands corridors for lifestyle amenities.
Housing and income metrics at the neighborhood level skew stronger than national norms, and median contract rent ranks high nationally while rent-to-income sits comparatively lower, suggesting manageable affordability pressure that can aid retention and reduce turnover risk. Elevated home values in the area signal a higher-cost ownership market, which typically sustains reliance on multifamily rentals and supports pricing power for well-run assets.
Within a 3-mile radius, demographics point to a growing tenant base: population and households have increased over the past five years and are projected to continue expanding, indicating a larger pool of prospective renters and support for occupancy stability. The renter-occupied share of housing units is just over half in this radius, reinforcing depth for multifamily demand. These figures are aggregated within a 3-mile radius and reflect the surrounding market rather than the specific property.
Neighborhood-level safety metrics are not available in WDSuite for this location, so investors should evaluate multiple sources and observe trend direction at the city and submarket level. When comparing options, prioritize consistent patterns over single-year shifts and consider property-level measures (access control, lighting, and management practices) that influence resident experience and retention.
Nearby employers provide a diversified white-collar and operations-oriented employment base that supports renter demand through commute convenience. Notable names within driving distance include Kinder Morgan, General Mills, McKesson Medical Surgical, Waste Management, and Ryder Vehicle Sales.
- Kinder Morgan — energy infrastructure (9.4 miles)
- General Mills — consumer packaged goods (14.2 miles)
- Mckesson Medical Surgical — healthcare distribution (27.6 miles)
- Waste Management — environmental services (27.9 miles)
- Ryder Vehicle Sales — transportation services (30.5 miles)
With 68 units, the asset offers institutionally relevant scale in an A-rated Redlands neighborhood where WDSuite indicates top-tier neighborhood occupancy and strong renter demand. Elevated neighborhood income and housing metrics relative to national benchmarks, combined with a renter pool that is expanding within the surrounding 3-mile radius, support expectations for steady absorption and lease retention. According to WDSuite’s commercial real estate analysis, neighborhood occupancy and rent positioning compare favorably to many metro peers, reinforcing a case for durable cash flow under capable management.
Operationally, high restaurant and grocery density bolster daily convenience, while the higher-cost ownership landscape tends to sustain multifamily demand and pricing power. Key considerations include relatively limited immediate neighborhood parks, pharmacies, and cafe/childcare options, and the need to continuously compete on operations and finishes to capture households with rising incomes.
- A-rated, competitive neighborhood standing within the metro supports occupancy stability
- Expanding 3-mile renter pool and strong neighborhood income trends aid retention
- Higher-cost ownership market reinforces multifamily reliance and pricing power
- Scale of 68 units enables professional management and operational efficiency
- Risk: amenity-light immediate pocket (parks/pharmacies/cafes) and ongoing need to compete on finishes