| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 13th | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 W Merrill Ave, Rialto, CA, 92376, US |
| Region / Metro | Rialto |
| Year of Construction | 2006 |
| Units | 70 |
| Transaction Date | 2005-08-23 |
| Transaction Price | $500,000 |
| Buyer | TELACU HOUSING RIALTO INC |
| Seller | BIOLA UNIVERSITY INC |
200 W Merrill Ave Rialto Multifamily Investment
This 70-unit property built in 2006 positions investors in a renter-dominated neighborhood with 96.5% occupancy rates. According to WDSuite's CRE market data, the area demonstrates strong tenant retention dynamics in the Riverside-San Bernardino metro.
The Rialto neighborhood ranks in the top quartile nationally for grocery access and restaurant density, supporting tenant appeal and retention. With 79.6% of housing units occupied by renters—ranking 19th among 997 metro neighborhoods—the area maintains a stable rental market foundation. Neighborhood-level occupancy of 96.5% indicates strong absorption and lease renewal patterns.
Built in 2006, this property is notably newer than the neighborhood average construction year of 1967, potentially reducing near-term capital expenditure needs while maintaining competitive positioning. Demographics within a 3-mile radius show household income growth of 41.9% over five years, with projections indicating continued expansion in the renter pool through 2028.
Median home values of approximately $392,000 with 68% appreciation over five years create affordability challenges for potential homebuyers, supporting rental demand stability. The rent-to-income ratio suggests manageable housing costs for area renters, while the high ownership cost barrier helps retain households in the rental market longer.
Comprehensive crime data for this neighborhood is not available through current reporting systems. Investors should conduct independent due diligence on local safety conditions and consider factors such as proximity to municipal services, lighting, and community engagement when evaluating tenant appeal and retention potential.
The surrounding employment base includes energy infrastructure and consumer goods companies that support workforce housing demand in the greater San Bernardino area.
- Kinder Morgan — energy infrastructure (2.4 miles)
- General Mills — consumer goods manufacturing (10.4 miles)
- Waste Management — environmental services (19.1 miles)
- McKesson Medical Surgical — healthcare distribution (19.5 miles)
This 70-unit property offers exposure to a rental-concentrated submarket where nearly 80% of housing units are renter-occupied, supporting consistent tenant demand. The 2006 construction vintage positions the asset with reduced immediate capital needs compared to the neighborhood's older housing stock. According to multifamily property research from WDSuite, neighborhood-level occupancy of 96.5% indicates strong fundamentals, while projected household growth within a 3-mile radius supports expanded renter pool through 2028.
Rising home values and ownership costs in the broader market help maintain rental demand, as higher purchase prices keep potential buyers in the rental market longer. The area's strong grocery and restaurant access—ranking in the top quartile nationally—enhances tenant appeal and supports lease renewal rates.
- High renter concentration at 79.6% supports consistent tenant demand
- 2006 construction reduces near-term capital expenditure requirements
- Neighborhood occupancy of 96.5% indicates strong absorption dynamics
- Rising ownership costs create rental demand tailwinds
- Monitor income growth sustainability and potential rent ceiling constraints