| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 65th | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26300 Redlands Blvd, Redlands, CA, 92373, US |
| Region / Metro | Redlands |
| Year of Construction | 1981 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
26300 Redlands Blvd Multifamily Investment Opportunity
This 24-unit property in Redlands benefits from strong renter demand with 65.8% of neighborhood housing units being renter-occupied, ranking in the top quartile among 997 metro neighborhoods according to WDSuite's CRE market data.
The Redlands neighborhood demonstrates solid fundamentals for multifamily investors, ranking 15th out of 997 neighborhoods in the Riverside-San Bernardino-Ontario metro with an A+ rating. The area maintains strong rental demand with 65.8% of housing units being renter-occupied, placing it in the 96th national percentile. Neighborhood-level occupancy stands at 87.9%, though this reflects recent softening compared to historical levels.
Built in 1981, this property aligns with the neighborhood's average construction year of 1991, suggesting consistent building stock without significant capital expenditure disadvantages. The area's median contract rent of $2,034 ranks 203rd among metro neighborhoods while sitting in the 92nd national percentile, indicating strong pricing power relative to national standards. However, rent-to-income ratios present affordability pressure at 0.35, ranking in the bottom quartile nationally, which requires careful lease management considerations.
Demographics within a 3-mile radius show a population of approximately 46,800 with modest growth of 3.9% over the past five years. Household formation has outpaced population growth at 9.7%, expanding the potential tenant base. Income levels support rental demand with median household income of $80,243, though home values averaging $584,521 create elevated ownership costs that reinforce renter reliance on multifamily housing. The area offers solid amenity access with restaurant density ranking in the 91st national percentile and grocery stores in the 79th percentile, supporting tenant retention.
Safety metrics for the neighborhood present a mixed profile that warrants investor attention. The area ranks 442nd out of 997 metro neighborhoods for overall crime, placing it near the median among regional markets and at the 50th national percentile. Property crime rates show improvement with a 12.4% decline over the past year, though the current rate remains elevated at approximately 633 incidents per 100,000 residents.
Violent crime trends are more encouraging, with rates declining 20.4% year-over-year and ranking in the 69th national percentile for improvement. The current violent crime rate of 47.4 per 100,000 residents ranks 615th among metro neighborhoods, indicating above-average safety compared to the broader region. These trends suggest stabilizing conditions that support tenant retention, though continued monitoring of local safety initiatives remains prudent for long-term investment planning.
The employment base surrounding this property includes major corporate offices that support workforce housing demand and commute convenience for potential tenants.
- Kinder Morgan — energy infrastructure (7.9 miles)
- General Mills — food manufacturing (14.9 miles)
- General Mills — food manufacturing (17.5 miles)
- Mckesson Medical Surgical — healthcare distribution (26.3 miles)
- Waste Management — environmental services (26.4 miles)
This 24-unit Redlands property offers compelling fundamentals in a high-demand rental market, with 65.8% of neighborhood housing units being renter-occupied and ranking in the top quartile regionally. The 1981 construction year aligns with neighborhood norms while elevated home values averaging $584,521 sustain rental demand by reinforcing renter reliance on multifamily housing. Demographics within a 3-mile radius show household growth outpacing population growth, expanding the potential tenant base, while strong amenity density supports tenant retention.
Net operating income per unit averages $12,870 in the neighborhood, ranking 16th out of 997 metro neighborhoods and placing in the 90th national percentile. However, current neighborhood-level occupancy of 87.9% reflects recent market softening, and rent-to-income ratios present affordability pressure that requires active lease management. According to multifamily property research from WDSuite, these fundamentals position the property for stable cash flow with careful attention to market dynamics.
- Strong rental market with 96th percentile renter occupancy share nationwide
- NOI per unit ranking in top quartile among metro neighborhoods
- Household formation outpacing population growth, expanding tenant base
- Elevated home values reinforce renter reliance on multifamily housing
- Risk: Affordability pressure with rent-to-income ratios in bottom quartile nationally