| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 20th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16733 Sunhill Dr, Victorville, CA, 92395, US |
| Region / Metro | Victorville |
| Year of Construction | 2001 |
| Units | 83 |
| Transaction Date | 1998-10-22 |
| Transaction Price | $150,000 |
| Buyer | NORTHSIDE COMMONS LP |
| Seller | 83 NORTHSIDE COMMONS LP |
16733 Sunhill Dr, Victorville CA Multifamily Investment
Stabilizing renter demand in Victorville’s inner suburb supports durable leasing prospects, according to WDSuite’s CRE market data, with newer product often competing well against older local stock. Expect steady workforce appeal with room for operational optimization.
Located in Victorville’s Inner Suburb, the area scores a B- neighborhood rating and sits near the metro midpoint (ranked 500 of 997) in the Riverside–San Bernardino–Ontario market, per WDSuite. Amenity access is competitive among metro peers (ranked 102 of 997) and above national averages, with restaurants and grocery options testing in the upper national percentiles. These fundamentals help support day-to-day convenience important for leasing and retention.
The neighborhood skews renter-oriented: the share of housing units that are renter-occupied is in the top quartile among 997 metro neighborhoods, signaling a meaningful tenant base for multifamily. Neighborhood occupancy has moderated versus five years ago, so investors should underwrite to active leasing management while recognizing that renter concentration supports demand depth rather than individual preference.
Vintage context matters: area housing skews older (average 1973), while this property was built in 2001. Newer construction can be relatively competitive on unit layouts and systems versus older stock, though a 2001 asset may still benefit from targeted refreshes to sustain positioning.
Within a 3-mile radius, demographics indicate population growth over the last five years and a projected increase ahead, alongside a rising household count and a slightly smaller average household size. This points to a larger tenant base and more renters entering the market, which can support occupancy stability and lease-up velocity for well-managed assets. Median contract rents in the 3-mile area are rising from a comparatively accessible base, which can be constructive for value-oriented product.
Ownership costs are elevated for the region (home values test above national norms and the value-to-income ratio is in a high national percentile), which tends to reinforce renter reliance on multifamily housing and can aid lease retention and pricing power for competitively positioned properties, based on commercial real estate analysis from WDSuite.
Neighborhood safety indicators sit around the middle of the pack locally and below average nationally. The area ranks near the metro midpoint (568 of 997) and trends suggest recent improvement in violent offense rates, with one-year declines noted, according to WDSuite. Property offense measures remain a consideration but have also edged down year over year. Investors should frame risk as neighborhood-level and monitor trend direction rather than block-level assumptions.
The commute shed includes regional distribution, energy infrastructure, consumer goods, and healthcare supply employers that can support renter demand and retention through diversified job bases. The list below highlights notable names within driving distance.
- Kinder Morgan — energy infrastructure (31.1 miles)
- General Mills — consumer goods (35.9 miles)
- Waste Management — environmental services (41.2 miles)
- Ryder Vehicle Sales — transportation & logistics (41.8 miles)
- Mckesson Medical Surgical — medical distribution (43.2 miles)
This 83-unit property built in 2001 offers relative competitiveness versus the neighborhood’s older housing stock, with potential to capture renter demand from households seeking larger, more functional layouts common to newer-vintage assets. According to CRE market data from WDSuite, the surrounding neighborhood maintains a meaningful renter-occupied share and amenity access that ranks competitively within the metro, helping support day-to-day livability and leasing stability.
Within a 3-mile radius, population growth and a projected increase in households expand the tenant base, while elevated ownership costs at the neighborhood level reinforce reliance on rental options. Neighborhood occupancy has eased versus five years ago, so the near-term thesis favors disciplined leasing and targeted upgrades to sustain absorption and retention, with value-add upside where finishes and systems modernization can improve positioning.
- 2001 vintage positioned against older local stock, with selective renovation potential to enhance competitiveness.
- Renter-occupied share in the top quartile among 997 metro neighborhoods supports depth of demand for multifamily.
- 3-mile population and household growth expand the tenant base, aiding occupancy stability and lease retention.
- Elevated ownership costs locally tend to sustain rental demand and support pricing power for well-positioned units.
- Risks: neighborhood occupancy has softened and safety metrics are middling; plan for active leasing management and resident-experience investments.