| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 43rd | Good |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 72952 El Paseo Dr, Twentynine Palms, CA, 92277, US |
| Region / Metro | Twentynine Palms |
| Year of Construction | 1984 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
72952 El Paseo Dr, Twentynine Palms Multifamily Investment
Positioned in San Bernardino County with steady neighborhood occupancy and a deep renter base, this 48-unit, 1984 vintage asset aligns with workforce demand patterns according to WDSuite s CRE market data.
Twentynine Palms offers everyday convenience for renters, with dining density competitive among Riverside San Bernardino Ontario neighborhoods and a cafe presence that sits in the top quartile nationally. Park access also ranks in the top quartile nationally, supporting livability for residents who value outdoor amenities.
Neighborhood occupancy is stable around the low-90s, while renter concentration is high at roughly three-quarters of housing units being renter-occupied. For investors, this indicates a broad tenant base and supports leasing continuity, though active renewal management remains important where rent-to-income ratios trend higher.
Within a 3-mile radius, recent population and household growth, alongside a smaller average household size, point to a gradually expanding renter pool. Forward-looking projections indicate additional household growth, which can sustain demand for multifamily units; this aligns with balanced supply-demand conditions noted in WDSuite s commercial real estate analysis.
The property s 1984 construction is newer than the neighborhood s average vintage (1970s). That typically enhances competitive positioning versus older stock, while still warranting targeted capital planning for aging systems and common-area updates to capture value-add upside.
Home values are relatively more accessible in a regional context, which can create some competition from entry-level ownership. However, the high share of renter-occupied units and consistent neighborhood renter demand support retention and occupancy, particularly for well-managed, updated product.
School ratings in the area trend below national averages, which can modestly narrow the appeal for family renters; positioning toward workforce households and value-driven amenities may help maintain leasing velocity.
Safety indicators for the neighborhood track below metro averages among 997 Riverside San Bernardino Ontario neighborhoods, with national positioning closer to the lower half. That said, recent data show an improvement in violent offense trends year over year, suggesting some easing in the most serious categories.
For underwriting, investors often account for elevated property crime exposure with pragmatic measures like lighting, access control, and monitoring. Framed comparatively, the area is not among the top quartile nationally for safety, but declining violent offense rates offer a cautiously constructive trend to watch.
- Waste Management environmental services (32.1 miles)
This 48-unit community built in 1984 offers a practical entry to the Twentynine Palms rental market, where neighborhood occupancy is steady and the renter-occupied share is high. The vintage is newer than the local average, indicating competitive positioning versus older stock and a clear path for selective renovations, common-area refreshes, and system updates to enhance rents and retention. According to CRE market data from WDSuite, renter demand is supported by a strong neighborhood renter concentration and stable local occupancy.
Demographics aggregated within a 3-mile radius point to population growth and a notable increase in households alongside smaller household sizes, which generally expands the renter pool and supports occupancy stability. Ownership remains relatively accessible in this submarket, so operators should balance value-driven amenities and lease management to mitigate competition from entry-level ownership while leveraging workforce demand fundamentals.
- High renter-occupied share supports a deeper tenant base and leasing stability.
- 1984 vintage offers value-add potential via targeted unit and systems upgrades.
- 3-mile population and household growth indicate ongoing renter pool expansion.
- Parks, dining, and cafe access enhance livability and support retention.
- Risks: below-metro safety positioning and competition from entry-level ownership require active asset and lease management.