| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 25th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14250 Borego Rd, Victorville, CA, 92392, US |
| Region / Metro | Victorville |
| Year of Construction | 1992 |
| Units | 57 |
| Transaction Date | 2007-11-07 |
| Transaction Price | $5,375,000 |
| Buyer | US BUSINESS & INVESTMENT GROUP LLC |
| Seller | CASA DEL SOL INVESTMENTS LLC |
14250 Borego Rd Victorville Multifamily Investment
This 57-unit property benefits from exceptional rental market fundamentals, with neighborhood-level renter occupancy reaching 82.2% of all housing units, according to CRE market data from WDSuite.
Built in 1992, this property sits in an inner suburb neighborhood with strong rental market characteristics. The area maintains a renter-occupied housing unit share of 82.2%, ranking in the top 1% nationally and indicating robust demand for multifamily housing. Current neighborhood-level occupancy stands at 89.3%, while median contract rents reach $1,174.
Demographics within a 3-mile radius show a population of approximately 84,200 residents with median household income of $65,529. The area is experiencing modest population growth of 0.2% over the past five years, with projections indicating continued expansion to 91,700 residents by 2028. This growth supports tenant base expansion and occupancy stability for rental properties.
The neighborhood offers practical amenities supporting tenant retention, including 2.84 grocery stores per square mile (89th percentile nationally) and 1.89 pharmacies per square mile (93rd percentile nationally). However, recreational amenities are limited, with no parks or cafes per square mile recorded in the immediate area. School ratings average 2.0 out of 5, which may influence family tenant demographics.
Home ownership costs in the broader market contribute to sustained rental demand, as elevated ownership barriers maintain renter reliance on multifamily housing. The rent-to-income ratio of 0.37 suggests manageable affordability for area renters, supporting lease retention and renewal rates.
Safety metrics for this neighborhood show mixed performance within the Riverside-San Bernardino-Ontario metro area. Property crime rates are estimated at 1,076.7 incidents per 100,000 residents, ranking 804th among 997 metro neighborhoods, placing it in the lower quartile for property crime performance. However, property crime showed a 6.4% increase over the past year.
Violent crime rates are more favorable, with an estimated 129.8 incidents per 100,000 residents, and notably showing a 3.2% decrease over the past year. The overall crime ranking of 790th among 997 neighborhoods indicates below-average safety performance compared to other areas in the metro region, which investors should factor into tenant screening and property management considerations.
The employment base includes major corporate operations within commuting distance, providing workforce housing opportunities for area professionals.
- Kinder Morgan — energy infrastructure (31.2 miles)
- General Mills — food manufacturing (35.4 miles)
- Waste Management — environmental services (40.3 miles)
- Ryder Vehicle Sales — transportation services (40.8 miles)
- Mckesson Medical Surgical — healthcare distribution (42.5 miles)
This 57-unit property from 1992 offers exposure to one of the most rental-intensive neighborhoods in the Riverside-San Bernardino-Ontario metro, with 82.2% of housing units occupied by renters. The vintage suggests potential value-add opportunities through selective capital improvements while benefiting from an established tenant base. Demographics within a 3-mile radius show steady population growth supporting rental demand, with household formation projected to increase 42.8% by 2028.
According to multifamily property research from WDSuite, the neighborhood maintains occupancy rates of 89.3% despite being in a lower-income area with median household income of $38,324. The exceptional renter occupancy share provides a deep tenant pool, while projected income growth of 48.1% over five years could support rent advancement opportunities. However, investors should account for below-average safety metrics and limited recreational amenities in their underwriting.
- Exceptional rental market fundamentals with 82.2% renter occupancy (top 1% nationally)
- Strong demographic growth projections supporting tenant base expansion
- Value-add potential through selective improvements to 1992 vintage property
- Practical amenity access with grocery and pharmacy density above national averages
- Risk considerations include below-average safety metrics and limited recreational amenities