| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 20th | Poor |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 W Lorraine Pl, Rialto, CA, 92376, US |
| Region / Metro | Rialto |
| Year of Construction | 1973 |
| Units | 58 |
| Transaction Date | 2001-02-22 |
| Transaction Price | $3,800,000 |
| Buyer | NORTH SPRUCE LLC |
| Seller | SOL BROS LLC |
900 W Lorraine Pl Rialto Multifamily Investment
Neighborhood occupancy is in the upper range locally and renter-occupied housing is prevalent, supporting demand stability according to WDSuite’s CRE market data.
Positioned in Rialto’s inner-suburban fabric, the property benefits from a renter-leaning neighborhood profile and steady occupancy. The neighborhood’s occupancy rate sits in the top quartile nationally and is above the metro median among 997 Riverside–San Bernardino–Ontario neighborhoods, indicating a stable leasing backdrop rather than a lease-up story.
At the neighborhood level, 59.7% of housing units are renter-occupied, signaling a deep tenant base and ongoing demand for multifamily. Within a 3-mile radius, population has edged up in recent years and households increased, with forecasts pointing to further household growth and slightly smaller average household sizes. For investors, this points to a gradually expanding renter pool and supports occupancy durability over time.
Elevated home values relative to incomes in the neighborhood (high value-to-income reading and ownership costs) reinforce reliance on multifamily rentals, which can aid retention and pricing power when managed carefully. Median contract rents benchmark in the upper tiers nationally, while rent-to-income around 21% suggests affordability pressure is manageable but worth monitoring for lease management.
Built in 1973, the asset is older than the neighborhood’s average vintage (1990). That age profile implies capital planning for systems and common-area modernization, but also potential value-add upside versus newer, higher-rent stock. Amenity access skews practical rather than lifestyle-driven—grocery access is comparatively solid at the neighborhood level, while parks, pharmacies, and cafes are limited; restaurants are comparatively dense—factors to consider when positioning unit finishes and amenities.
Neighborhood-level safety indicators are comparatively favorable in national context, with both property and violent offense measures landing in the top quartile nationally. Recent year-over-year readings show material declines in estimated offense rates, suggesting improving conditions rather than deterioration.
These are neighborhood statistics, not property-specific measures, and can vary by block and over time. Investors typically account for such trends through on-site security practices and resident screening, while monitoring city and metro-level patterns as part of ongoing risk management.
Nearby employment anchors span energy infrastructure, food manufacturing, waste services, and medical distribution, supporting workforce housing demand and commute convenience for residents.
- Kinder Morgan — energy infrastructure (3.5 miles)
- General Mills — food manufacturing (10.0 miles)
- Waste Management — waste services (18.5 miles)
- Mckesson Medical Surgical — medical distribution (19.0 miles)
This 58-unit, 1973-vintage asset offers exposure to a renter-centric neighborhood with occupancy performance that is above the metro median and competitive nationally. Elevated ownership costs in the area bolster multifamily reliance, while within a 3-mile radius households have been growing and are projected to expand further, supporting a broader tenant base and occupancy stability.
The building’s older vintage points to targeted capex and value-add potential to sharpen competitiveness against newer stock. Neighborhood amenities skew functional over lifestyle, and school quality trends are mixed, so underwriting should assume thoughtful positioning and active asset management. According to WDSuite’s commercial real estate analysis, these dynamics align with a durable, demand-supported strategy rather than a speculative lease-up thesis.
- Renter-occupied share is high locally, supporting depth of tenant demand and leasing stability.
- Occupancy stands in the top national tiers and above the metro median among 997 neighborhoods, indicating stable performance.
- Elevated ownership costs reinforce reliance on rentals, aiding retention and pricing power when managed carefully.
- 1973 vintage offers value-add potential through modernization and selective capital improvements.
- Risk: older systems, limited lifestyle amenities, and mixed school ratings require proactive asset management and resident experience focus.