| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 52nd | Good |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 73747 Raymond Way, Twentynine Palms, CA, 92277, US |
| Region / Metro | Twentynine Palms |
| Year of Construction | 1986 |
| Units | 35 |
| Transaction Date | 2016-07-29 |
| Transaction Price | $1,675,000 |
| Buyer | AVA AFFORDABLE LP |
| Seller | ADOBE VILLAS APARTMENTS LTD |
73747 Raymond Way Twentynine Palms Multifamily Investment
Neighborhood-level occupancy has trended upward and the 3-mile area shows a deep renter base, supporting steady leasing, according to WDSuite’s CRE market data.
Located in a suburban pocket of Twentynine Palms, the property sits in a car-oriented area with modest everyday convenience. Neighborhood amenity density is below the metro median (amenities rank 678 among 997 metro neighborhoods) and national percentile readings sit on the lower side for cafes, parks, and pharmacies. Grocery access is comparatively better, landing around the national midpoint. For investors, this suggests residents rely on driving for most needs, which can temper walkability-driven rent premiums while keeping expectations focused on value and functionality.
The local housing context supports multifamily demand. Neighborhood renter concentration is near half of housing units (48.9% renter-occupied), indicating a meaningful tenant base. Within a 3-mile radius, renter-occupied share is higher at roughly two-thirds, pointing to deeper demand across the immediate trade area. Neighborhood occupancy is reported at 88.3% and has improved over the last five years, a constructive backdrop for maintaining leased-up conditions and retention strategies.
The property’s 1986 vintage is newer than the area’s average construction year of 1962. That relative vintage advantage can help competitiveness against older stock, while still leaving room for targeted modernization or systems updates to drive rent and retention without overextending capital plans. Home values in the neighborhood sit near national midpoints, and rent-to-income metrics also sit around the middle of national readings, implying balanced affordability pressure that can support lease stability rather than consumer stretch.
Demographic statistics are aggregated within a 3-mile radius and indicate modest recent population growth with a noticeable increase in household counts, effectively expanding the local renter pool. Forward-looking projections point to additional population and household gains alongside rising incomes, which supports sustained multifamily demand. In WDSuite’s commercial real estate analysis context, these dynamics translate to a larger tenant base over time even if amenity density remains limited.
Safety indicators are mixed and should be evaluated comparatively. The neighborhood’s crime rank sits in the lower half of the metro (rank 798 among 997 Riverside–San Bernardino–Ontario neighborhoods), and national placement is below average, indicating higher crime relative to many U.S. neighborhoods. Recent year-over-year readings show property and violent offense rates moving higher, based on WDSuite’s data. Investors should calibrate underwriting and asset management plans accordingly, focusing on visibility, lighting, access control, and partnership with local resources.
Regional employers contribute to the area’s renter base, with commuting patterns extending across the Inland Empire. The following nearby corporate presence can support leasing stability at workforce-oriented price points.
- Waste Management — environmental services (34.3 miles)
This 35-unit, 1986-vintage asset offers a relative age advantage versus the neighborhood’s older housing stock, supporting competitive positioning while leaving room for value-add through targeted renovations. Renter concentration is meaningful at the neighborhood level and even stronger within 3 miles, and occupancy in the neighborhood has trended higher over the past five years—factors that support tenant demand and leasing durability. According to CRE market data from WDSuite, home values and rent-to-income measures sit near national midpoints, which can underpin retention without relying on aggressive rent premiums.
Demographics aggregated within a 3-mile radius show modest recent population gains alongside a larger increase in households, and projections call for continued growth with rising incomes—tailwinds for a broader tenant base and steady absorption. Key watchpoints include limited local amenities and safety metrics that trail national averages; underwriting should account for security, asset upkeep, and a demand story centered on practical value rather than walkability.
- 1986 vintage vs. older local stock supports competitiveness and targeted value-add
- Rising neighborhood occupancy and a deep 3-mile renter pool aid leasing stability
- Mid-range home values and rent-to-income dynamics support retention and pricing discipline
- Demand growth outlook supported by projected household and income gains (3-mile area)
- Risks: lower amenity density and below-average safety require proactive management and security planning