| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 43rd | Good |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6215 Ocotillo Ave, Twentynine Palms, CA, 92277, US |
| Region / Metro | Twentynine Palms |
| Year of Construction | 1993 |
| Units | 65 |
| Transaction Date | 2015-11-30 |
| Transaction Price | $2,555,500 |
| Buyer | SWM AFFORDABLE LP |
| Seller | OLD SAGE WOOD ASSOCIATES LTD |
6215 Ocotillo Ave Twentynine Palms Multifamily Investment
This 65-unit property built in 1993 operates in a rental-dominant market where nearly 73% of housing units are renter-occupied, supporting multifamily property research in the broader Riverside-San Bernardino metro.
Located in Twentynine Palms, this inner suburb neighborhood ranks in the top third among 997 metro neighborhoods with a B+ rating. The area demonstrates strong rental fundamentals, with 72.9% renter occupancy placing it in the 98th percentile nationally—indicating robust demand for multifamily housing. Current neighborhood occupancy of 91% reflects market stability, while median contract rents of $1,053 provide an affordability advantage compared to broader metro trends.
The property's 1993 construction year aligns with the neighborhood average of 1972, positioning it as newer stock that may require fewer immediate capital expenditures while maintaining competitive appeal. Demographics within a 3-mile radius show a stable population base of approximately 11,200 residents, with 64% renter-occupied housing units supporting sustained rental demand. Household income projections suggest growth from current median levels of $56,713 to over $104,000 by 2028, potentially strengthening tenant quality and retention.
The neighborhood offers solid amenity access with grocery stores and restaurants above the 70th percentile nationally, while parks rank in the 84th percentile for density. However, limited childcare and pharmacy options may affect tenant appeal for certain demographics. Educational ratings average 1.0 out of 5, which could influence family-oriented rental demand but may support workforce housing positioning for the substantial military presence in the region.
Safety metrics place this neighborhood at moderate levels within the Riverside-San Bernardino metro. Property crime rates rank 781st among 997 metro neighborhoods, indicating higher-than-average incidents, though violent crime trends show improvement with a 17.8% decrease over the past year. This reduction places the area in the 67th percentile nationally for violent crime improvement, suggesting positive momentum in public safety conditions.
While property crime remains a consideration for investor due diligence, the declining violent crime trend and the area's proximity to military installations may provide additional security benefits. Investors should factor crime statistics into tenant screening processes and consider security enhancements as part of value-add strategies to support resident retention and attract quality tenants.
The employment base is anchored by corporate operations within reasonable commuting distance, though the immediate area relies heavily on military and service sector employment from nearby installations.
- Waste Management — Corporate Offices (32.5 miles)
This 65-unit property capitalizes on exceptional rental market fundamentals, with the neighborhood's 98th percentile national ranking for renter occupancy demonstrating sustained multifamily demand. The 1993 construction provides a balanced position—newer than neighborhood averages while avoiding the premium pricing of recent construction. According to CRE market data from WDSuite, demographic projections show significant household income growth potential, with median incomes forecast to nearly double by 2028, supporting long-term rent growth and tenant quality improvements.
The property benefits from Twentynine Palms' unique position as a military-adjacent community, providing employment stability through the Marine Corps base while maintaining affordable rent levels that support occupancy. Current median rents of $1,053 offer competitive positioning within the broader Riverside-San Bernardino market, while the high renter occupancy rate indicates limited ownership competition and sustained rental demand.
- 98th percentile nationally for renter occupancy supports stable multifamily demand
- 1993 construction balances capital efficiency with competitive positioning
- Projected household income growth to $104K median by 2028 supports rent escalation
- Military employment base provides tenant stability and consistent demand
- Property crime levels require enhanced security considerations and tenant screening