| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 20th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14469 Rodeo Dr, Victorville, CA, 92395, US |
| Region / Metro | Victorville |
| Year of Construction | 1987 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14469 Rodeo Dr Victorville Multifamily Investment
Positioned in an inner-suburb pocket of Victorville, this asset benefits from a sizable renter base and steady neighborhood occupancy trends, according to WDSuite’s CRE market data. Neighborhood statistics reflect area-level dynamics (not the property), pointing to durable renter demand supported by local amenities and a high-cost ownership market.
Victorville’s inner-suburb location offers daily convenience, with grocery, restaurant, and pharmacy access performing above national norms and competitive among Riverside–San Bernardino–Ontario neighborhoods. Cafes and dining rank well nationally, indicating lifestyle coverage that helps leasing and retention, while a scarcity of parks may limit outdoor amenity appeal.
The neighborhood shows a renter-occupied share around the mid-40% range and sits in the higher national percentiles for renter concentration. For multifamily investors, that implies a deep tenant base and consistent demand for professionally managed units even as neighborhood occupancy is closer to metro medians.
Within a 3-mile radius, population grew roughly 11% over the last five years and is projected to expand further by about 13% through 2028. Households increased meaningfully and are expected to rise again, signaling a larger tenant pool that can support occupancy stability and absorption.
Home values trend elevated for the region (upper national percentiles), which generally sustains reliance on rental housing and supports pricing power for well-managed assets. At the same time, rent-to-income levels track near national midpoints, a combination that can aid lease retention while allowing measured rent growth.
Neighborhood safety indicators place the area around the metro midpoint, with crime ranks near the center of the 997 Riverside–San Bernardino–Ontario neighborhoods. Compared with neighborhoods nationwide, safety percentiles are below average; however, recent year-over-year data show improving violent-offense trends, indicating some positive momentum.
Investors should underwrite with standard precautions—favoring security-aware property operations and market-appropriate screening—while recognizing that the broader trend direction has improved relative to the prior year.
Regional employment anchors across the Inland Empire and greater LA logistics corridor support workforce renter demand and commute-based retention, including energy infrastructure, food manufacturing, waste services, transportation, and medical supply distribution.
- Kinder Morgan — energy infrastructure (31.6 miles)
- General Mills — food manufacturing (36.3 miles)
- Waste Management — waste services (41.5 miles)
- Ryder Vehicle Sales — transportation/fleet (42.0 miles)
- Mckesson Medical Surgical — medical supplies distribution (43.5 miles)
Built in 1987, the property is newer than much of the surrounding housing stock, positioning it competitively versus older inventory while leaving room for targeted system updates or cosmetic upgrades to enhance yield. Amenity access is strong for daily needs, and elevated home values in the neighborhood reinforce renter reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood occupancy sits near metro medians, with a renter base supportive of stable leasing.
Within 3 miles, population growth over the past five years and further projected expansion point to a larger tenant base and continued renter pool expansion. Rent-to-income levels trend around national midpoints, aiding retention, while the submarket’s logistics- and services-oriented employment base underpins demand from commuting households.
- 1987 vintage offers competitive positioning versus older stock, with selective upgrade potential for NOI lift.
- Above-average access to groceries, restaurants, and services supports leasing velocity and renewals.
- 3-mile population and household growth expand the tenant base, supporting occupancy stability.
- Elevated ownership costs in the area sustain multifamily demand and measured pricing power.
- Risks: below-average national safety percentiles and limited parkland; active management and amenity enhancements can help mitigate.