| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 67th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1335 Springfield St, Upland, CA, 91786, US |
| Region / Metro | Upland |
| Year of Construction | 1984 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1335 Springfield St Upland Multifamily Investment
This 72-unit property positions investors in a suburban neighborhood ranking in the top 10% nationally for demographics and violent crime safety metrics.
This suburban Upland neighborhood demonstrates strong fundamentals for multifamily investment, ranking 81st among 997 metro neighborhoods with an A rating. The area ranks in the 89th national percentile for median household income at $130,048, significantly above both metro and national averages. Demographic data aggregated within a 3-mile radius shows a stable population base of approximately 123,000 residents, with projections indicating 5.5% population growth through 2028 that supports expanding renter demand.
The property's 1984 construction year aligns with the neighborhood's average vintage of 1994, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to modernize units. Neighborhood-level occupancy rates reach 96.8%, ranking in the 82nd national percentile and demonstrating strong tenant retention dynamics. With 14.9% of housing units renter-occupied, the area maintains moderate rental penetration while elevated home values at $651,462 median can reinforce rental demand by keeping households in the multifamily market.
Rent trends show neighborhood median contract rents at $1,835, representing 41.5% growth over five years and ranking in the 89th national percentile nationally. The rent-to-income ratio of 0.16 suggests manageable affordability for tenants, supporting lease renewal stability. Forward-looking projections indicate median rents could reach $2,524 by 2028, a 40% increase that reflects continued pricing power in this suburban market according to CRE market data from WDSuite.
Safety metrics present a favorable profile for this Upland neighborhood, with violent crime rates ranking 20th among 997 metro neighborhoods and reaching the 97th national percentile. The violent offense rate of 1.45 incidents per 100,000 residents represents exceptional performance compared to national averages, with a 77% year-over-year decline indicating improving conditions.
Property crime metrics show more mixed results, with rates ranking 97th among metro neighborhoods but still achieving the 81st national percentile. While property offense rates increased significantly year-over-year, the neighborhood's overall crime ranking of 100th among 997 metro areas places it in the 69th national percentile, indicating above-average safety conditions that support tenant appeal and retention.
The employment base features diversified corporate operations within commuting distance, anchored by logistics, manufacturing, and energy sector offices that support workforce housing demand.
- Ryder Vehicle Sales — logistics and transportation (7.1 miles)
- Waste Management — waste services (7.3 miles)
- General Mills — food manufacturing (9.9 miles)
- Mckesson Medical Surgical — healthcare distribution (10.1 miles)
- United Technologies — aerospace and defense (17.3 miles)
This 72-unit Upland property offers exposure to a high-performing suburban market with neighborhood-level occupancy at 96.8% and demographic fundamentals ranking in the top quartile nationally. The 1984 construction vintage presents potential value-add opportunities through unit renovations and amenity upgrades, while projected population growth of 5.5% through 2028 supports expanding tenant demand. Median household incomes at $130,048 provide strong rent-paying capacity, with forward rent projections suggesting 40% growth potential through 2028.
Commercial real estate analysis from WDSuite indicates this neighborhood's combination of safety metrics in the 97th national percentile for violent crime and income demographics in the 89th percentile creates a compelling investment profile. However, investors should monitor property crime trends and evaluate capital expenditure requirements given the property's 40-year vintage and potential competition from newer construction in the broader metro area.
- Neighborhood occupancy at 96.8% ranks in 82nd national percentile
- Demographics rank in top quartile nationally with $130K median income
- 5.5% projected population growth through 2028 supports rental demand
- 1984 vintage presents value-add renovation opportunities
- Risk: Property crime trends require monitoring and 40-year building age may increase capital expenditure needs