| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 52nd | Good |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5228 Adobe Rd, Twentynine Palms, CA, 92277, US |
| Region / Metro | Twentynine Palms |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2006-09-29 |
| Transaction Price | $1,750,000 |
| Buyer | MPSN HOLDINGS NO 1 LP |
| Seller | YERKES FAMILY TRUST |
5228 Adobe Rd, Twentynine Palms Multifamily Investment
Positioned for workforce demand with a 1987 vintage that competes well against older local stock, according to WDSuite’s CRE market data. Neighborhood occupancy is steady, and renter depth in the broader 3‑mile area supports leasing resilience.
Twentynine Palms offers a primarily suburban setting where daily needs are met but nonessential amenities are limited. Grocery access is around the national middle, while cafes, parks, and pharmacies are sparse in this neighborhood. For investors, the amenity profile points to a value-oriented renter base and an emphasis on practical housing over lifestyle offerings.
The neighborhood’s average school rating trends below national medians (around 2 out of 5), which suggests family-oriented demand may prioritize affordability and commute convenience over school-driven location choices. Within the Riverside–San Bernardino–Ontario metro, the neighborhood’s overall rank falls below the metro median (710 out of 997 neighborhoods), indicating more of a workforce housing dynamic rather than a premium location.
Rents sit near national midpoints based on neighborhood metrics, and neighborhood occupancy has improved over the past five years. These are neighborhood-level indicators, not property figures, but they point to reasonably stable leasing conditions for well-managed assets. Construction in the area skews older on average (1962), so a 1987 asset can compete on functionality while still benefiting from thoughtful updates to systems and finishes.
Tenant base depth looks supportive for multifamily. In the immediate neighborhood, roughly half of housing units are renter-occupied, whereas demographics aggregated within a 3‑mile radius indicate a higher renter concentration (about two-thirds). Over the past five years, household counts within 3 miles increased while average household size declined, expanding the pool of renting households and supporting occupancy stability.
Home values sit around the national middle locally. In this kind of ownership cost environment, some households can consider buying, but the sizable renter pool and practical rent levels help sustain rental demand and lease retention. Based on CRE market data from WDSuite, these dynamics align with a value-focused renter profile rather than discretionary luxury demand.
Safety indicators are below national medians in this neighborhood and rank below the metro median (crime rank 798 out of 997 metro neighborhoods), signaling a need for active property and vendor management. Nationally, the neighborhood sits in lower safety percentiles, and recent data show an uptick in property offenses year over year.
For investors, this calls for standard risk mitigation: lighting, access control, and responsive onsite policies. Framed appropriately, assets can still maintain leasing performance by focusing on value, operations, and resident service.
The broader labor base includes regional services that support workforce housing demand; proximity to these employers can aid leasing stability for value-oriented units.
- Waste Management — environmental services (33.5 miles)
5228 Adobe Rd is a 20‑unit, 1987‑built asset that competes favorably against an area stock that skews older, offering a practical edge on functionality while leaving room for targeted modernization. Neighborhood indicators point to steady renter demand at value price points, and 3‑mile demographics show growing household counts and smaller household sizes, which expand the renter pool and support occupancy stability.
According to CRE market data from WDSuite, neighborhood-level occupancy has trended upward, and rent levels are near national midpoints—conditions that can suit durable, need-based housing. Investors should underwrite to a workforce profile, with attention to operating controls given below-median safety metrics and a local ownership market that is more accessible than coastal California, which can modestly temper pricing power.
- 1987 vintage competes against older area stock, with value-add potential via systems and interior updates.
- Renter depth supported by 3‑mile household growth and smaller household sizes, aiding occupancy stability.
- Neighborhood rents near national midpoints and improving occupancy support consistent leasing for need-based units.
- Risk: below-median safety requires proactive management and budgeting for security and maintenance.
- Risk: relatively accessible ownership options in the area may limit rent growth, favoring a value-driven strategy.