| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 20th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16711 Chalon Rd, Victorville, CA, 92395, US |
| Region / Metro | Victorville |
| Year of Construction | 2004 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16711 Chalon Rd Victorville Multifamily Investment
This 81-unit property built in 2004 benefits from strong rental demand fundamentals in an inner suburb market where 44% of housing units are renter-occupied. Neighborhood-level commercial real estate analysis from WDSuite indicates above-average rent growth potential with median contract rents at $1,100.
The Victorville inner suburb neighborhood demonstrates solid fundamentals for multifamily investment, ranking in the middle tier among 997 metro neighborhoods with a B- rating. Built in 2004, this property is notably newer than the neighborhood average construction year of 1973, positioning it competitively with reduced near-term maintenance requirements and modern appeal to tenants.
Rental demand dynamics favor investor positioning, with 44% of housing units renter-occupied compared to typical suburban markets. Neighborhood-level occupancy stands at 89.1%, while median contract rents of $1,100 have increased 47.8% over five years. The rent-to-income ratio of 0.16 suggests manageable affordability for area renters, supporting tenant retention and lease renewal rates.
Demographics within a 3-mile radius show population growth of 8% over five years, reaching 62,247 residents, with household growth of 12.6% indicating expansion in the renter pool. Median household income of $82,847 has grown 116.9% over five years, strengthening the tenant base's payment capacity. Forward projections suggest continued household formation with 39.1% growth expected through 2028.
The neighborhood provides adequate amenities for tenant retention, with grocery stores at 1.61 per square mile ranking in the 79th percentile nationally, and restaurant density of 5.22 per square mile in the 81st percentile. Home values at $414,647 with strong appreciation trends reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing options.
Property crime rates in the neighborhood show recent improvement trends, with estimated rates declining 5.8% year-over-year. The area ranks in the middle tier among 997 metro neighborhoods for overall crime metrics, placing it at the 45th percentile nationally for safety considerations.
Violent crime rates have decreased significantly by 38.5% over the past year, ranking in the 80th percentile nationally for crime reduction trends. While property crime rates remain above metro averages, the improving trajectory supports neighborhood stability and tenant retention considerations for multifamily operators.
The employment base draws from regional corporate offices within commuting distance, supporting workforce housing demand for area renters. Major employers include energy infrastructure, consumer goods, and logistics companies positioned throughout the broader Riverside-San Bernardino metro area.
- Kinder Morgan — energy infrastructure (31.0 miles)
- General Mills — consumer goods (35.7 miles)
- Waste Management — environmental services (41.1 miles)
- Ryder Vehicle Sales — transportation (41.7 miles)
- Mckesson Medical Surgical — healthcare distribution (43.1 miles)
This 81-unit property presents a solid foundation for multifamily investment with construction vintage from 2004 providing competitive positioning against the neighborhood's 1973 average building age. Strong rental fundamentals include 44% renter-occupied units and improving occupancy trends, while demographic growth of 8% population increase and 12.6% household expansion over five years supports tenant demand. According to CRE market data from WDSuite, the area demonstrates above-metro rent growth with median household income strengthening 116.9% over five years, enhancing tenant payment capacity.
Forward-looking metrics indicate continued household formation with 39.1% growth projected through 2028, expanding the renter pool. The property's newer vintage relative to neighborhood norms reduces near-term capital expenditure requirements while maintaining competitive appeal. However, investors should monitor occupancy management as neighborhood-level rates of 89.1% suggest some absorption challenges, and crime metrics require ongoing assessment despite recent improvement trends.
- Modern 2004 construction provides competitive advantage over neighborhood average of 1973
- Strong demographic fundamentals with 8% population growth and 12.6% household expansion
- Rent growth potential supported by 47.8% increase over five years and improving household incomes
- Solid rental demand with 44% renter-occupied units in suburban market
- Risk consideration: Monitor occupancy trends and crime metrics despite recent improvements