| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Fair |
| Demographics | 34th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 930 Palmbrook Dr, Redlands, CA, 92373, US |
| Region / Metro | Redlands |
| Year of Construction | 1977 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
930 Palmbrook Dr, Redlands CA Multifamily Investment
High renter concentration in the surrounding neighborhood supports a deep tenant base, while local amenities drive daily convenience, according to WDSuite’s CRE market data. Investors should underwrite to current leasing conditions but note durable renter demand in this Inner Suburb of the Inland Empire.
The immediate area offers strong daily-life convenience for tenants. Restaurant and cafe density is competitive among Riverside–San Bernardino–Ontario neighborhoods (ranked near the top of 997), and both grocery and pharmacy access track in the top quartile nationally. These amenity strengths can support leasing and retention by providing walkable options for dining and essentials.
Renter-occupied housing share in the neighborhood is high, indicating a sizable tenant pool for a 29-unit asset. This depth of renter demand helps backfill units and can support occupancy over time, though investors should still plan for marketing and operations that address local competition. Home values trend elevated for the region, which tends to reinforce renter reliance on multifamily housing and can aid lease retention.
The property’s 1977 vintage is newer than the neighborhood’s average construction year, which skews mid‑century. That positioning can be an advantage versus older stock, while still leaving room for targeted system upgrades and value‑add improvements to compete effectively on finishes and energy efficiency.
Within a 3‑mile radius, population and household counts have grown in recent years, with projections indicating further household expansion. This points to a gradually expanding renter pool and supports long‑run demand for units. Median contract rents in the 3‑mile area have trended upward and are projected to continue rising by 2028, which, combined with a moderate rent-to-income backdrop, suggests manageable affordability pressure and potential for steady pricing power with disciplined lease management.
One tradeoff to note is limited park presence reported in the immediate neighborhood. While not a primary driver of leasing in this submarket, operators may wish to emphasize on‑site green space or nearby recreational alternatives in marketing to offset this gap.
Safety indicators benchmark favorably in national comparisons. The neighborhood sits in the top quartile nationally for lower property offenses, and violent‑offense measures are even stronger by percentile, according to WDSuite’s CRE market data. Year‑over‑year trends show improvement in violent‑offense rates, reinforcing a constructive trajectory relative to nationwide peers.
While localized conditions can vary by block and over time, the broader read is supportive for workforce stability and leasing. Investors should pair these directional metrics with customary diligence (e.g., on‑site visits and recent incident reviews) to calibrate operating plans.
Regional employment access is diversified across energy, food manufacturing, healthcare distribution, waste services, and logistics—supporting renter demand through commute convenience to nearby corporate offices listed below.
- Kinder Morgan — energy infrastructure (10.0 miles)
- General Mills — food manufacturing offices (14.3 miles)
- Mckesson Medical Surgical — healthcare distribution (28.2 miles)
- Waste Management — waste services (28.4 miles)
- Ryder Vehicle Sales — logistics/services (31.1 miles)
930 Palmbrook Dr offers a 29‑unit scale in an Inner Suburb location with strong amenity access and a deep renter base. Based on CRE market data from WDSuite, the neighborhood’s renter‑occupied share is high, homeownership costs trend elevated, and 3‑mile demographics point to population and household growth—factors that collectively support demand, leasing velocity, and retention. The 1977 vintage is newer than much of the surrounding mid‑century stock, creating a clear value‑add path via targeted renovations and system upgrades while maintaining competitive positioning.
Counterbalancing these positives, neighborhood occupancy trends trail stronger metros, implying the need for hands‑on leasing and asset management. Limited park access is another consideration, though nearby amenity density helps offset lifestyle needs. Income performance in the area sits around the national midpoint, suggesting outcomes will hinge on execution—capturing amenity‑driven renter demand and calibrating rents to maintain affordability and retention.
- Deep renter pool and elevated ownership costs support sustained multifamily demand and lease retention.
- 1977 vintage newer than neighborhood average, with practical value‑add and modernization upside.
- Amenity‑rich environment (dining, groceries, pharmacy) aids leasing velocity and resident satisfaction.
- Demographic growth within 3 miles expands the prospective renter base over the medium term.
- Risks: softer neighborhood occupancy and limited park access require active leasing, marketing, and asset upgrades.