| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 28th | Fair |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 302 W Merrill Ave, Rialto, CA, 92376, US |
| Region / Metro | Rialto |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
302 W Merrill Ave, Rialto CA Multifamily Investment
Steady renter demand and an above-median neighborhood occupancy backdrop point to durable income, according to WDSuite s CRE market data. The property s 1980 vintage offers competitive positioning versus older local stock while leaving room for targeted modernization.
This Inner Suburb neighborhood carries a B- rating and shows fundamentals that support stable operations. Neighborhood occupancy sits in the upper half nationally, indicating generally consistent lease-up and retention conditions rather than outsized volatility. Renter-occupied housing comprises roughly two-fifths of units, suggesting a meaningful tenant base for multifamily without oversaturation.
Amenity access is mixed but serviceable for workforce renters. Parks and grocery options land in the top quartile nationally, while restaurants are also above the national median. By contrast, cafes and pharmacies are comparatively sparse, which may slightly reduce convenience scores but typically has limited impact on core leasing for value-focused properties.
Within a 3-mile radius, households have grown over the last five years and are projected to expand further, even as average household size trends lower; this combination supports a larger tenant base over time and can aid occupancy stability. Median home values are elevated relative to many U.S. neighborhoods, which tends to sustain rental reliance and bolster retention. Rent-to-income levels point to manageable affordability pressure, supporting ongoing lease performance, though it may temper aggressive near-term pricing.
School ratings in the area trail national averages, which may modestly influence family-oriented demand; however, proximity to everyday services and commuting corridors typically anchors renter interest in this part of the Riverside San Bernardino Ontario metro. Overall, the neighborhood s standing is above the metro median on several housing and amenity measures, based on commercial real estate analysis from WDSuite.
Neighborhood-level crime metrics are not published in the provided WDSuite dataset for this location. Investors typically benchmark city and police department reports alongside metro comparisons to assess trend direction and volatility rather than block-level conditions. As with any Inner Suburb setting, prudent diligence includes reviewing recent trend reports, daytime versus nighttime activity, and property-level measures (lighting, access control) to understand how safety perceptions may influence leasing and retention.
Nearby employers provide a diversified employment base that supports renter demand and retention through commute convenience, including Kinder Morgan, General Mills, Waste Management, McKesson Medical Surgical, and Ryder Vehicle Sales.
- Kinder Morgan energy infrastructure (2.4 miles)
- General Mills food manufacturing/distribution (10.2 miles)
- Waste Management environmental services (18.9 miles)
- Mckesson Medical Surgical healthcare distribution (19.3 miles)
- Ryder Vehicle Sales transportation/logistics (21.2 miles)
Built in 1980, this 100-unit asset is newer than much of the surrounding housing stock, positioning it competitively against older properties while still offering scope for targeted capital improvements that can enhance rentability and retention. Neighborhood occupancy trends sit above the national median and renter concentration is material, pointing to a stable tenant base and consistent leasing. Elevated local home values reinforce reliance on multifamily, and within a 3-mile radius, increasing household counts and projected growth indicate a larger renter pool ahead. According to CRE market data from WDSuite, amenity access is strongest for parks, groceries, and restaurants, supporting day-to-day livability for workforce renters.
Key considerations include modestly easing neighborhood occupancy in recent years and school ratings below national averages, which may influence certain renter cohorts. Affordability appears manageable, favoring retention, though it can moderate near-term pricing power making value-add and operational execution important levers.
- 1980 vintage offers competitive positioning versus older local stock with clear modernization upside
- Above-median neighborhood occupancy and meaningful renter concentration support stable demand
- Elevated home values in the area sustain renter reliance and bolster lease retention
- 3-mile household growth and projected expansion point to a larger tenant base over time
- Risks: occupancy eased modestly in recent years; school ratings below national averages may affect some family renters