| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 43rd | Good |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5862 Bagley Ave, Twentynine Palms, CA, 92277, US |
| Region / Metro | Twentynine Palms |
| Year of Construction | 1982 |
| Units | 48 |
| Transaction Date | 2023-08-18 |
| Transaction Price | $4,400,000 |
| Buyer | HPD TWENTYNINE PALMS II LP |
| Seller | HPD TWENTYNINE PALMS LP |
5862 Bagley Ave, Twentynine Palms Multifamily Opportunity
The surrounding neighborhood shows steady occupancy and a deep renter-occupied housing base, supporting tenant demand and lease stability, according to WDSuite s CRE market data. With a 1982 vintage, the asset stands newer than the area s average stock, offering competitive positioning with potential to modernize systems as part of a focused capital plan.
Livability indicators are mixed but serviceable for workforce housing. Neighborhood amenities track near the national middle overall, with restaurants and cafes performing in the upper-national tiers while parks access is strong. By contrast, limited childcare and pharmacy presence suggests fewer daily-service options nearby. These are neighborhood-level dynamics, not property specifics, and they can influence tenant retention and leasing convenience.
For investors, the tenure profile is notable: a high share of neighborhood housing units are renter-occupied, signaling depth in the tenant base and supporting demand for multifamily. Neighborhood occupancy trends sit around the national midpoint, which typically aligns with manageable leasing risk and an emphasis on asset-level operations to sustain performance, based on CRE market data from WDSuite.
Relative to the Riverside San Bernardino Ontario metro, the neighborhood ranks 353 out of 997, placing it above the metro median on overall neighborhood quality. Amenity access lands competitively among metro peers and in the top quartile nationally for parks and near the top for food and beverage options, while schools score weaker versus national peers. This mix points to renter appeal for convenience and recreation, with families more sensitive to school ratings potentially weighing alternatives.
Vintage context matters: the average neighborhood construction year is 1972, and the subject s 1982 build is newer than the prevailing stock. That positioning can aid leasing against older comparables, while still leaving room for targeted renovations or system upgrades to enhance durability, energy efficiency, and rentability.
Demographics within a 3-mile radius show modest recent population growth, a larger increase in households, and forecasts calling for continued expansion alongside smaller average household sizes. This points to a growing renter pool and more one- and two-person households, which typically supports occupancy stability and absorption for well-managed properties. Home values are relatively elevated versus local incomes on a national basis, which can sustain reliance on rental options and aid pricing power, while rent-to-income levels suggest room for disciplined rent management without outsized retention risk.
Safety indicators are mixed when compared with metro and national peers. The neighborhood s crime rank sits at 666 out of 997 metro neighborhoods, indicating weaker standing than the metro median. Nationally, the area falls below the midpoint for safety; however, recent trends show violent offenses declining year over year, signaling some improvement in trajectory.
Investors should underwrite with a focus on on-site security practices and resident experience. Trend improvement can help leasing and retention, but positioning remains relatively softer than many metro subareas, so operational measures and targeted upgrades may be prudent to support long-term performance.
5862 Bagley Ave offers a practical workforce housing thesis in a renter-heavy neighborhood where occupancy is steady and amenity access leans toward food, beverage, and parks. Built in 1982, the property is newer than much of the surrounding stock, giving it competitive footing versus older assets while preserving value-add potential through selective renovations and system modernization. Demographic trends within a 3-mile radius point to household growth and a larger renter pool ahead, supporting absorption and lease-up fundamentals. According to CRE market data from WDSuite, ownership costs relative to local incomes are elevated on a national basis, which tends to reinforce reliance on multifamily housing and supports disciplined rent strategies.
Key considerations include school quality and limited nearby daily services such as childcare and pharmacies, along with a safety profile that trails the metro median despite recent improvement trends. These factors argue for conservative underwriting on rent growth and an operational plan focused on retention, resident services, and curb appeal to capture demand from the area s sizable renter base.
- Renter-heavy neighborhood supports tenant demand and occupancy stability.
- 1982 vintage is newer than local average, with value-add and modernization upside.
- Household growth within 3 miles indicates a larger renter pool and leasing depth.
- Elevated ownership costs versus incomes bolster reliance on rental housing and pricing power.
- Risks: softer school ratings, limited daily services, and below-median safety warrant conservative underwriting.