| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 35th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15450 Nisqualli Rd, Victorville, CA, 92395, US |
| Region / Metro | Victorville |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15450 Nisqualli Rd Victorville Multifamily Investment
Neighborhood occupancy is steady and the renter-occupied share is sizable, supporting day-to-day leasing fundamentals according to WDSuite’s CRE market data. Elevated ownership costs in the area further reinforce reliance on rentals, which can aid retention and pricing discipline.
The property sits in Victorville’s Inner Suburb area, rated B+ and competitive among Riverside–San Bernardino–Ontario neighborhoods (ranked 346 of 997). Neighborhood occupancy is reported at the neighborhood level and trends in a stable range, while a renter-occupied share near one-half indicates a broad tenant base for multifamily demand.
Local amenity access is mixed. Dining density is strong — top quartile nationally — and grocery and pharmacy access are also comparatively robust. At the same time, parks, cafés, and childcare are limited in the immediate neighborhood, so residents rely more on regional options. Average school ratings are around the middle of the pack, offering basic coverage without being a key differentiator.
Within a 3-mile radius, recent population growth and a notable increase in households point to a larger tenant pool ahead, with forecasts indicating further household expansion and modestly smaller household sizes. These dynamics tend to support occupancy stability and absorption for well-managed assets, as highlighted in WDSuite’s multifamily property research.
Vintage also matters for competitiveness. The neighborhood’s housing stock skews newer than this 1985-built asset, which implies potential value-add through targeted renovations and systems upgrades to narrow the gap with late-1990s inventory and enhance leasing appeal.
From a housing cost perspective, elevated home values relative to incomes characterize a high-cost ownership market. That context generally sustains rental demand and can bolster lease retention, though a rent-to-income profile near the upper-20s implies some affordability pressure to manage during renewals.
Safety indicators are mixed but improving. The neighborhood’s crime standing is competitive among Riverside–San Bernardino–Ontario neighborhoods (358 of 997) and around the middle of the pack nationally. Year over year, both property and violent offense rates in the area declined materially (approximately -22% and -26%, respectively), signaling constructive momentum. Conditions can vary within sub-areas, so customary diligence and local trend review remain prudent.
The broader commuter shed includes established corporate offices that help anchor employment and support renter demand. Notable nearby employers include Kinder Morgan, General Mills, Waste Management, Ryder Vehicle Sales, and McKesson Medical Surgical.
- Kinder Morgan — energy infrastructure (29.6 miles)
- General Mills — consumer foods (34.1 miles)
- Waste Management — waste services (39.2 miles)
- Ryder Vehicle Sales — logistics & fleet (39.8 miles)
- Mckesson Medical Surgical — medical distribution (41.3 miles)
This 40-unit, 1985-built property positions as a durable workforce housing play within a neighborhood that shows stable occupancy and a meaningful renter-occupied share. Elevated ownership costs relative to incomes in the area tend to sustain rental reliance, while restaurant, grocery, and pharmacy access help support day-to-day livability. Based on commercial real estate analysis from WDSuite, the submarket’s fundamentals point to steady tenant demand with room for thoughtful value-add positioning.
Within a 3-mile radius, population and household growth have been constructive, with forecasts indicating continued household expansion alongside gradually smaller household sizes — factors that generally expand the tenant pool and support occupancy stability. The asset’s earlier vintage versus the neighborhood’s late-1990s average suggests targeted renovations and system upgrades could enhance competitiveness and support rent attainment, balanced against prudent capital planning.
- Stable neighborhood occupancy and sizable renter base support day-to-day leasing
- High-cost ownership market reinforces rental demand and retention potential
- 3-mile population and household growth expand the tenant pool, aiding absorption
- 1985 vintage offers value-add and systems-upgrade potential versus newer nearby stock
- Risks: limited nearby parks/cafés, affordability pressure to manage at renewal, and commuting distances to major employers