| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 20th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14243 Rodeo Dr, Victorville, CA, 92395, US |
| Region / Metro | Victorville |
| Year of Construction | 1986 |
| Units | 60 |
| Transaction Date | 2014-09-10 |
| Transaction Price | $3,200,000 |
| Buyer | R & S STRATEGIC MANAGEMENT LLC |
| Seller | ETERNITY PROPERTIES II LLC |
14243 Rodeo Dr Victorville Multifamily Investment
Neighborhood indicators point to durable renter demand supported by a high-cost ownership market and steady household growth within 3 miles, according to WDSuite’s CRE market data. Occupancy figures cited are for the neighborhood, not the property, and suggest investors should underwrite toward operational execution and retention.
Located in Victorville’s inner suburb context, the neighborhood rates around the metro median (ranked 500 among 997 Riverside–San Bernardino–Ontario neighborhoods), signaling balanced fundamentals rather than a momentum outlier. Retail convenience is a relative strength: groceries, pharmacies, cafes and restaurants score above national medians, which supports day‑to‑day livability and leasing appeal. Park access is limited locally, an underwriting consideration for amenities and on‑site open space.
Renter-occupied housing represents an estimated 44% of neighborhood units (share of housing units that are renter-occupied), indicating a meaningful tenant base and demand depth for multifamily. Neighborhood occupancy is measured at the neighborhood level (not the property) and trends slightly below national medians, so asset performance will lean on management discipline and product positioning.
Within a 3‑mile radius, recent population and household growth have expanded the renter pool, with forecasts pointing to further gains and a modest decrease in average household size—conditions that typically support absorption and occupancy stability for well‑run assets. Median home values sit in a higher national percentile locally, which, alongside a neighborhood rent‑to‑income profile around the national midpoint, suggests a high‑cost ownership market that can sustain multifamily reliance without extreme affordability pressure. These dynamics, based on CRE market data from WDSuite, indicate pricing power will depend on property quality and lease management rather than outsized market tailwinds.
Vintage context matters: the average neighborhood construction year skews older than 1986. This property’s 1986 vintage is newer than the local average, offering relative competitiveness versus older stock while still warranting selective system updates or amenity modernization to support rent positioning.
Safety indicators for the neighborhood track slightly below the national median, while trending directionally better year over year. Violent offense rates have declined materially in the latest year and property offense rates have eased modestly, according to WDSuite’s market data. These are neighborhood-level measures and can vary by block; investors typically address them through lighting, access control, and resident engagement.
Within the metro, the neighborhood’s crime rank sits in the lower half among 997 neighborhoods, signaling a comparative headwind versus stronger‑ranked subareas but with improvement momentum that reduces downside risk if supported by on‑site operations and partnerships.
Regional employment anchors within commuting range contribute to demand from logistics, energy infrastructure, food manufacturing, waste services, and medical distribution workers, supporting workforce housing and lease retention.
- Kinder Morgan — energy infrastructure (31.3 miles)
- General Mills — food manufacturing (36.0 miles)
- Waste Management — waste services (41.3 miles)
- Ryder Vehicle Sales — logistics & trucking (41.8 miles)
- Mckesson Medical Surgical — medical supply distribution (43.3 miles)
The 60‑unit property at 14243 Rodeo Dr, built in 1986 with average unit sizes around 812 square feet, benefits from a renter base supported by a high‑cost ownership market and expanding households within 3 miles. Neighborhood renter concentration near mid‑range levels (share of housing units that are renter‑occupied) suggests a stable tenant pool, while retail access outperforms national medians. According to CRE market data from WDSuite, neighborhood occupancy sits below national medians and has softened over five years, making asset‑level execution—renewals, turns, and expense control—critical to outperformance.
The 1986 vintage is newer than the area’s average stock, offering competitive positioning versus older assets and potential to drive rents through targeted renovations and system updates. Elevated home values relative to income reinforce renter reliance on multifamily, and projected growth in households within 3 miles indicates a larger tenant base over time. Investors should also account for limited park access, below‑median safety metrics at the neighborhood level, and neighborhood NOI per unit that trails national medians—factors that increase the importance of amenities, security practices, and operational efficiency.
- High‑cost ownership market supports sustained renter dependence and lease retention
- 1986 vintage newer than local average—value‑add via targeted updates
- Growing households within 3 miles expand the tenant base and support occupancy
- Retail convenience above national medians enhances day‑to‑day livability
- Risks: below‑median neighborhood occupancy and safety, limited parks, and lower neighborhood NOI per unit