| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 62nd | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 520 Hibiscus Dr, Redlands, CA, 92373, US |
| Region / Metro | Redlands |
| Year of Construction | 1972 |
| Units | 109 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
520 Hibiscus Dr, Redlands CA Multifamily Investment
Neighborhood occupancy trends point to stable renter demand and steady leasing performance, according to WDSuite’s CRE market data. Position within an A+ rated inner-suburb pocket supports durable cash flow relative to broader metro conditions.
This A+ rated neighborhood ranks 14 out of 997 in the Riverside–San Bernardino–Ontario metro, placing it well above the metro median for overall fundamentals. Amenity access is a differentiator: parks and pharmacies track in the top decile nationally, while restaurants, cafes, and grocery options are also above national medians. These features typically help with resident retention and day-to-day convenience for a workforce renter profile.
For investors evaluating rent and occupancy dynamics, neighborhood occupancy sits in the mid-90s and is above national medians, with net operating income per unit benchmarking in the top quintile nationally. Median contract rents in the area trend above national levels, but WDSuite notes a rent-to-income ratio consistent with manageable affordability pressure, suggesting room for disciplined rent management without overextending tenants.
Ownership costs are elevated for the area relative to incomes, a high-cost ownership market characteristic that tends to sustain multifamily demand and support lease retention. Average school ratings are around the metro middle, offering broad appeal without being a primary driver; this reinforces a renter base motivated by proximity to jobs and daily services rather than school-district premiums.
Within a 3-mile radius, demographics indicate population growth with a noticeable increase in households and rising incomes over recent years, with projections pointing to further household expansion by 2028. That trajectory implies a larger tenant base and supports occupancy stability for well-positioned properties.
Safety signals are comparatively favorable versus both metro peers and many U.S. neighborhoods. The area’s crime profile ranks 95 out of 997 metro neighborhoods, indicating performance above the metro average, and national comparisons place the neighborhood in a higher safety tier overall.
WDSuite’s data shows violent offense rates benchmarking in the top percentile nationally with a downward year-over-year trend, while property-related incidents, although comparatively favorable versus many areas nationwide, showed a sharp increase over the past year. Investors should view this as a mixed but monitorable signal: broader safety remains strong, yet recent property-crime momentum warrants routine review of security measures and insurance assumptions.
Nearby corporate presences help anchor employment and support renter demand through commute convenience. The list below highlights regional roles in energy infrastructure, food manufacturing, medical distribution, and environmental services that are relevant to the local renter base.
- Kinder Morgan — energy infrastructure (11.2 miles)
- General Mills — food manufacturing (14.4 miles)
- Mckesson Medical Surgical — medical distribution (29.3 miles)
- Waste Management — environmental services (29.6 miles)
520 Hibiscus Dr is positioned in one of the metro’s stronger inner-suburb neighborhoods where amenities, commute access, and above-median occupancy support durable renter demand. Elevated home values relative to income levels reinforce reliance on multifamily housing, while neighborhood rent-to-income readings suggest manageable affordability, aiding retention and pricing discipline. Based on CRE market data from WDSuite, local occupancy and NOI benchmarks compare favorably with national norms, indicating a supportive backdrop for steady operations.
Built in 1972, the asset is newer than much of the area’s older housing stock, which can help competitive positioning versus vintage properties, though investors should underwrite ongoing system upgrades and modernization to sustain performance. Within a 3-mile radius, population growth, rising incomes, and projected household expansion by 2028 point to a larger renter pool over time, reinforcing the long-term leasing thesis while leaving room for value-add strategies calibrated to local affordability.
- A+ inner-suburb location with amenity depth supports retention and lease stability.
- Above-median neighborhood occupancy and favorable NOI benchmarks per WDSuite.
- High-cost ownership market sustains renter demand and pricing power.
- 1972 vintage offers competitive edge versus older stock, with scope for targeted upgrades.
- Risk: recent uptick in property-related incidents warrants proactive security and insurance review.