| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 12th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14152 Rodeo Dr, Victorville, CA, 92395, US |
| Region / Metro | Victorville |
| Year of Construction | 2011 |
| Units | 48 |
| Transaction Date | 2005-04-04 |
| Transaction Price | $650,000 |
| Buyer | VICTORVILLE PACIFIC ASSOCIATES |
| Seller | PACIFIC WEST COMMUNITIES INC |
14152 Rodeo Dr Victorville Multifamily Investment
This 48-unit property built in 2011 benefits from strong neighborhood-level occupancy at 99.4%, ranking in the top 15% nationally and supporting stable rental income in the Riverside-San Bernardino metro.
Located in Victorville's inner suburb environment, this neighborhood demonstrates solid fundamentals for multifamily investors. The area maintains exceptional occupancy rates at 99.4%, ranking 132nd among 997 metro neighborhoods and placing in the top quartile nationally for occupancy stability. With 66.5% of housing units renter-occupied, the neighborhood provides a substantial rental market that supports consistent tenant demand.
Demographic data within a 3-mile radius shows a population of approximately 65,600 residents, with household growth of 12% over the past five years. The area features larger household sizes averaging 3.2 people, supporting demand for multifamily units. Median household income sits at $58,753, with projections indicating growth to $70,166 by 2028, suggesting improving tenant income stability over time.
The 2011 construction year positions this property as newer than the neighborhood average of 1973, potentially reducing near-term capital expenditure needs compared to older area properties. Contract rents in the neighborhood median at $1,077, though broader 3-mile demographics show median rents at $1,194, indicating potential pricing flexibility. The neighborhood ranks competitively for housing metrics overall, with strong park access ranking in the top 5% nationally at 1.84 parks per square mile.
Amenity density remains limited with minimal retail and service establishments per square mile, though restaurant access ranks well at 13.77 per square mile. This suburban setting appeals to families seeking space and parks while maintaining reasonable access to dining options that support tenant retention in multifamily properties.
Safety metrics for this neighborhood show mixed performance relative to the broader Riverside-San Bernardino metro area. Property crime rates of 625 incidents per 100,000 residents rank 658th among 997 metro neighborhoods, placing in the 32nd percentile nationally. However, the area has experienced a 9.3% decline in property crime over the past year, indicating improving trends that may support tenant retention.
Violent crime rates remain relatively contained at 86 incidents per 100,000 residents, though this represents a 45.4% increase year-over-year. Investors should monitor these trends as part of ongoing property management and tenant relations strategies. The overall crime ranking of 749th among metro neighborhoods suggests performance near the regional median, requiring standard security considerations typical for suburban multifamily properties.
The property benefits from proximity to several major corporate employers that provide workforce stability for the broader region, supporting tenant demand from commuting professionals.
- Kinder Morgan — energy infrastructure (31.2 miles)
- General Mills — food manufacturing (35.8 miles)
- Waste Management — environmental services (41.1 miles)
- Ryder Vehicle Sales — transportation services (41.6 miles)
- McKesson Medical Surgical — healthcare distribution (43.1 miles)
This 48-unit property presents a compelling investment opportunity anchored by exceptional neighborhood-level occupancy fundamentals. According to CRE market data from WDSuite, the 99.4% occupancy rate ranks in the top 15% nationally, providing income stability that outperforms most multifamily markets. The 2011 construction vintage positions the asset newer than the 1973 neighborhood average, potentially reducing capital expenditure requirements while maintaining competitive appeal.
Demographics within a 3-mile radius support long-term rental demand, with population growth of 7.5% over five years and projected household formation continuing through 2028. The high renter-occupied share of 66.5% demonstrates established rental market dynamics, while median household income growth from $58,753 to a projected $70,166 suggests improving tenant income stability. These fundamentals, combined with strong park access and reasonable restaurant density, create a foundation for sustained occupancy performance.
- Exceptional 99.4% neighborhood occupancy ranking top 15% nationally
- 2011 construction reduces near-term capital expenditure needs
- Growing demographic base with 12% household growth over five years
- Strong rental market with 66.5% renter-occupied housing units
- Monitor crime trends and limited retail amenity density for tenant retention impacts