| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 23rd | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1408 N Riverside Ave, Rialto, CA, 92376, US |
| Region / Metro | Rialto |
| Year of Construction | 1990 |
| Units | 98 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1408 N Riverside Ave, Rialto CA Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy in the mid-90s, according to WDSuite’s CRE market data. Positioned in San Bernardino County, the asset benefits from a deep renter base and strong amenity access that can support leasing stability.
The surrounding neighborhood is rated A- and ranks 166 out of 997 metro neighborhoods, placing it in the top quartile among Riverside–San Bernardino–Ontario submarkets. Amenity access is a relative strength: cafes, groceries, and pharmacies all index well above national medians (each in the mid-90s+ national percentiles), supporting daily convenience and renter retention.
Multifamily demand is underpinned by a high renter concentration: roughly two-thirds of housing units are renter-occupied (97th percentile nationally). Neighborhood occupancy is around the mid-90s with a national percentile near the low-70s, indicating generally stable leasing conditions compared with many U.S. neighborhoods.
Within a 3-mile radius, households have grown in recent years and are projected to increase further even as average household size trends lower, which expands the number of households and can broaden the tenant base. Median household incomes have risen materially and are forecast to continue increasing through 2028, which can support rent levels and reduce turnover risk.
Ownership costs in the area are elevated relative to incomes (value-to-income metrics track in the mid-80s national percentiles), which tends to reinforce reliance on multifamily rentals and supports pricing power. By contrast, average public school ratings track below national norms, and local park access is limited, both of which are softer livability points to consider in underwriting and positioning.
Vintage context: the neighborhood’s average construction year skews older (1970s), while the subject’s 1990 build vintage is newer than local stock, offering competitive positioning versus legacy assets. Investors should still plan for system modernization and selective renovations to meet renter expectations and sustain occupancy.
Comparable safety metrics for this neighborhood are not available in WDSuite for the current period. Investors typically benchmark property operations against city and metro trends, review multi-year patterns, and incorporate on-site measures and management practices when evaluating risk and mitigation.
Proximity to regional corporate operations supports a broad workforce renter base and commute convenience for residents. Notable nearby employers span energy infrastructure, food manufacturing and distribution, waste services, medical supply distribution, and fleet services.
- Kinder Morgan — energy infrastructure (4.65 miles)
- General Mills — food manufacturing/distribution (11.70 miles)
- Waste Management — waste services (20.01 miles)
- Mckesson Medical Surgical — medical supply distribution (20.71 miles)
- Ryder Vehicle Sales — fleet services (22.12 miles)
This 98-unit property, built in 1990, is positioned ahead of much of the local 1970s-era stock, providing a competitive edge while still offering value-add potential through targeted modernization. Neighborhood occupancy trends in the mid-90s and a high share of renter-occupied units indicate depth of tenant demand and support for stable cash flows, based on CRE market data from WDSuite.
Amenity access is strong and daily-needs retail is abundant, aiding retention. Elevated ownership costs relative to incomes tend to keep households in the rental market, while 3-mile household growth and rising incomes point to a larger, more qualified renter pool over the medium term. Key underwriting considerations include below-average school ratings and limited park access, which may influence positioning and resident profile rather than overall demand.
- 1990 vintage versus older local stock supports competitiveness; targeted upgrades can unlock value-add
- Mid-90s neighborhood occupancy and strong renter concentration support leasing stability
- Strong amenity access and nearby employers bolster retention and demand
- Elevated ownership costs reinforce reliance on rentals, aiding pricing power
- Risks: below-average school ratings and limited park access may narrow target renter segments