| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 23rd | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1525 N Palm Ave, Rialto, CA, 92376, US |
| Region / Metro | Rialto |
| Year of Construction | 2008 |
| Units | 20 |
| Transaction Date | 2004-01-26 |
| Transaction Price | $225,000 |
| Buyer | SAAD PIERRE |
| Seller | PALM VILLA INC |
1525 N Palm Ave Rialto Multifamily Investment
Stabilized renter demand in the surrounding neighborhood, with occupancy trending in the mid‑90% range according to WDSuite’s CRE market data, supports consistent performance for a 20‑unit asset. Location fundamentals and an urban-core setting favor steady leasing over cyclical turns.
The property sits in an Urban Core neighborhood ranked 166 out of 997 metro neighborhoods, placing it in the top quartile locally for overall fundamentals. Amenity access is a relative strength (rank 35 of 997), with dense coverage of groceries, pharmacies, and cafes that supports daily convenience and leasing appeal. While restaurant and cafe density test well versus national peers, park access is limited, which may matter for family‑oriented renters.
With a neighborhood occupancy level near the mid‑90% range and renter‑occupied housing share elevated, the area offers a deep tenant base and supports occupancy stability. Median contract rents are positioned above many national peers, but neighborhood rent‑to‑income levels indicate manageable affordability pressure, which can aid retention and pricing discipline. Elevated home values relative to local incomes signal a high‑cost ownership market, reinforcing reliance on multifamily housing and helping sustain demand.
Within a 3‑mile radius, population has edged up and households have grown over the past five years, pointing to a larger tenant base; projections call for further household increases and slightly smaller average household size, which typically adds to multifamily demand. Income growth in the same 3‑mile area has been solid, expanding the pool of renters able to support mid‑market rents. These trends, based on CRE market data from WDSuite, align with steady leasing fundamentals rather than outsized volatility.
The asset’s 2008 vintage is newer than the neighborhood’s average construction year (1973), providing relative competitiveness versus older stock and potential savings on near‑term capital expenditures. Investors should still plan for mid‑life system updates and select upgrades to meet current renter expectations, but the vintage positions the property well against much of the local inventory.
Comparable, neighborhood‑level crime data are not available in this release for precise benchmarking. Investors commonly track safety by comparing neighborhood trends to metro and national baselines and by monitoring changes over time alongside leasing performance.
Given the absence of a current rank or percentile, prudent underwriting would incorporate third‑party sources and property‑level history to assess resident experience and potential impacts on retention.
Nearby corporate offices provide a diversified employment base that supports renter demand through commute convenience, including energy infrastructure, consumer foods, waste services, medical supplies distribution, and transport logistics.
- Kinder Morgan — energy infrastructure (4.8 miles)
- General Mills — consumer foods (11.7 miles)
- Waste Management — waste services (20.0 miles)
- Mckesson Medical Surgical — medical supplies distribution (20.7 miles)
- Ryder Vehicle Sales — transport logistics/sales (22.1 miles)
This 20‑unit, 2008‑built asset benefits from a neighborhood that screens in the top quartile among 997 metro neighborhoods for overall fundamentals, with strong amenity access and occupancy stability near the mid‑90% range. Elevated local home values relative to incomes indicate a high‑cost ownership market, which tends to sustain renter reliance on multifamily housing and support lease retention. According to CRE market data from WDSuite, the surrounding area’s renter base is sizable and daily‑needs amenities are competitive versus national peers.
Within a 3‑mile radius, households have grown and are projected to continue increasing, while incomes have trended higher—signals that typically expand the tenant pool and underpin steady absorption. The property’s newer vintage versus much of the local stock offers competitive positioning and moderates near‑term capex needs, though investors should budget for targeted mid‑life system replacements. Trade‑offs include limited park access and lower average school ratings, which may temper appeal for some family renters.
- Occupancy near mid‑90% and strong amenity access support leasing stability
- High‑cost ownership market reinforces multifamily rental demand and retention
- 2008 vintage offers competitive positioning versus older neighborhood stock
- 3‑mile household and income growth expands the renter pool over time
- Risks: limited park access and lower average school ratings may constrain some family demand