| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 66th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1460 Marshall St, Redlands, CA, 92374, US |
| Region / Metro | Redlands |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1460 Marshall St Redlands Multifamily Investment
Renter demand is supported by high neighborhood incomes and mid-90s occupancy at the neighborhood level, according to WDSuite’s CRE market data. For a 1973, 72-unit asset, the thesis centers on stable tenancy with potential value-add upside.
Located in suburban Redlands within the Riverside–San Bernardino–Ontario metro, the neighborhood scores an A rating and ranks 117 out of 997 metro neighborhoods, indicating competitive positioning among local subareas. Neighborhood occupancy is 94.4% (neighborhood level, not the property), trending above many U.S. submarkets and supportive of leasing stability.
Daily essentials are accessible, with grocery, pharmacy, parks, and childcare density benchmarking in the upper half nationally; childcare and parks sit near the top quartile. Dining and cafe densities are thinner, which tempers walkability but keeps traffic lighter and favors a residential feel.
Schools are a bright spot: the average school rating is 4.0 and benchmarks in the mid‑80s national percentile, a positive signal for family-oriented renter demand. Median home values are elevated relative to national norms, which typically sustains reliance on multifamily rentals and can support pricing power without overextending renters given the area’s favorable rent‑to‑income positioning.
Within a 3‑mile radius, demographics show modest population growth and a recent increase in households, expanding the tenant base. Renter-occupied housing units account for roughly two-fifths of the area’s housing stock within this radius, indicating a meaningful renter concentration that supports depth of demand for multifamily. These dynamics align with WDSuite’s multifamily property research showing steady renter pool expansion and healthy lease retention potential.
Vintage considerations matter: the neighborhood’s average construction year skews newer (1990s), while the subject was built in 1973. Investors should underwrite ongoing capital planning and targeted renovations to stay competitive against younger comparables; the flip side is potential to capture value-add returns through interior and systems upgrades.
Safety indicators are mixed but generally favorable on severe incidents: the neighborhood benchmarks in a high national percentile for lower violent offenses, and recent trends show a meaningful decline in that category. This supports renter confidence and lease retention relative to many peer areas.
Property-related offenses have shown a recent uptick and benchmark lower nationally, which warrants pragmatic measures such as lighting, access control, and package management. Overall, the profile suggests comparatively strong performance on violent crime with operational attention needed for property offense risks. All statements reference neighborhood-level trends, not the property.
The employment base within commuting range includes energy infrastructure, food manufacturing, medical distribution, waste services, and logistics operations, supporting workforce housing demand and commute convenience for renters.
- Kinder Morgan — energy infrastructure (12.1 miles)
- General Mills — food manufacturing (14.3 miles)
- Mckesson Medical Surgical — medical distribution (30.1 miles)
- Waste Management — waste services (30.5 miles)
- Ryder Vehicle Sales — logistics and fleet services (33.1 miles)
1460 Marshall St is a 72‑unit, 1973-vintage asset positioned in a competitive Redlands neighborhood where occupancy at the neighborhood level remains in the mid‑90s. Elevated local incomes and a favorable rent‑to‑income profile point to manageable affordability pressure, supporting lease stability and collections. The asset’s older vintage versus predominantly 1990s neighborhood stock suggests a clear value‑add path via unit modernization and building systems updates to defend and enhance competitive standing.
Population and household counts within a 3‑mile radius have been growing and are projected to continue rising, expanding the renter pool and supporting steady demand. Elevated home values in the area reinforce reliance on multifamily rentals, while strong school benchmarks add appeal for family renters. According to CRE market data from WDSuite, these fundamentals compare well to many national peers and underpin a steady, operations‑first thesis with targeted capital improvements.
- Neighborhood occupancy and incomes support stable tenancy
- Value‑add upside from 1973 vintage versus newer nearby stock
- Expanding 3‑mile renter base and strong school benchmarks aid retention
- High home values sustain multifamily demand and pricing power
- Risks: rising property offenses and limited dining/cafe density require operational focus