| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 25th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14330 Bonanza Rd, Victorville, CA, 92392, US |
| Region / Metro | Victorville |
| Year of Construction | 2012 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14330 Bonanza Rd Victorville Multifamily Investment
This 20-unit property built in 2012 operates in a neighborhood with 82% rental occupancy, well above the metro average. CRE market data from WDSuite indicates strong rental demand fundamentals in the Riverside-San Bernardino region.
The property sits in an inner suburb neighborhood of Victorville, characterized by strong rental demand with 82.2% of housing units occupied by renters—ranking in the top 1% nationally among 997 metro neighborhoods. Built in 2012, this property aligns with the area's relatively newer housing stock, which averages 1987 construction dates and reduces near-term capital expenditure needs compared to older multifamily assets.
Demographic data aggregated within a 3-mile radius shows a population of approximately 82,000 residents, with household growth projected at 48.6% through 2028. The area's median household income of $73,424 supports rental demand, though rent-to-income ratios suggest affordability pressures that require careful lease management considerations. Median contract rents of $1,329 in the broader area position this property competitively within the market.
The neighborhood ranks above metro median for amenity access, with strong grocery store density (89th percentile nationally) and restaurant availability (92nd percentile nationally). However, limited park access and cafe density may impact tenant retention in comparison to more amenity-rich submarkets. School ratings average 2.0 out of 5, which is competitive among metro neighborhoods but below national standards.
Safety metrics show the neighborhood ranking in the lower third among 997 metro neighborhoods for overall crime levels, with property offense rates at approximately 1,077 per 100,000 residents. This ranks 804th out of 997 neighborhoods in the metro area, indicating higher crime levels relative to other local submarkets.
Violent crime rates are estimated at 130 per 100,000 residents, placing the neighborhood at 854th out of 997 metro neighborhoods. However, violent crime trends show a 3.2% decrease year-over-year, suggesting improving conditions that may support tenant retention and property values over time.
The property benefits from proximity to major corporate employers in the broader Riverside-San Bernardino region, supporting workforce housing demand and commute convenience for tenants.
- Kinder Morgan — energy infrastructure (30.7 miles)
- General Mills — food manufacturing (34.7 miles)
- Waste Management — environmental services (39.5 miles)
- Ryder Vehicle Sales — transportation services (39.9 miles)
- Lockheed Martin Aeronautics Co. — defense & aerospace (44.3 miles)
This 2012-built property operates in a rental-dominant market with exceptional tenant demand fundamentals. The neighborhood's 82.2% rental occupancy rate ranks in the top 1% nationally, indicating strong structural rental demand that supports occupancy stability. Demographic projections show significant household growth of 48.6% through 2028, expanding the potential tenant base and supporting long-term absorption.
The property's 2012 construction vintage positions it competitively within the neighborhood's housing stock while minimizing near-term capital expenditure needs. According to multifamily property research, the area's median household income of $73,424 supports rental demand, though rent-to-income ratios require careful lease management to maintain occupancy levels.
- Exceptional rental demand with 82% neighborhood occupancy ranking top 1% nationally
- Strong demographic growth projections with 49% household increase through 2028
- 2012 construction reduces near-term maintenance and capital expenditure requirements
- Risk consideration: Crime levels rank in lower third of metro neighborhoods
- Risk consideration: Rent-to-income ratios suggest affordability pressures requiring active lease management