| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17251 Dante St, Victorville, CA, 92394, US |
| Region / Metro | Victorville |
| Year of Construction | 1991 |
| Units | 44 |
| Transaction Date | 2005-12-13 |
| Transaction Price | $1,473,000 |
| Buyer | THE SOUTHERN CA HSNG DEVELOPMENT CORP |
| Seller | VICTORVILLE PUBLIC DEVELOPMENT CORP |
17251 Dante St Victorville Multifamily Investment
This 44-unit property built in 1991 operates in a neighborhood with 100% occupancy rate, ranking first among 997 metro neighborhoods. Demographics within a 3-mile radius show household income growth of 79.3% over five years, according to CRE market data from WDSuite.
The Victorville neighborhood demonstrates exceptional occupancy fundamentals, with 100% occupancy rate ranking first among 997 metro neighborhoods and placing in the 100th national percentile. The high rental share of 69.6% of housing units (97th national percentile) indicates strong rental demand dynamics in this suburban market.
Demographics within a 3-mile radius support multifamily investment fundamentals. The area has experienced substantial household income growth, with median household income increasing 44.2% over five years to $61,618, while mean household income surged 79.3% to $76,609. Forecasts project continued income growth, with median household income expected to reach $92,637 by 2028, representing a 50.3% increase that should support rental pricing power.
The property's 1991 construction year aligns with the neighborhood average of 1967, positioning it as relatively newer stock that may require less immediate capital expenditure compared to older properties. Current median contract rent of $1,062 has increased 33.8% over five years, with projections showing continued rent growth to $1,762 by 2028. However, investors should note the rent-to-income ratio ranks in the bottom 1st national percentile, suggesting affordability pressures that require careful lease management considerations.
Safety metrics show mixed performance relative to regional benchmarks. The neighborhood ranks 533rd out of 997 metro neighborhoods for overall crime, placing it in the 46th national percentile. Violent crime rates of 19.3 incidents per 100,000 residents rank 341st metro-wide, achieving the 59th national percentile and indicating below-average violent crime compared to neighborhoods nationwide.
Property crime presents a different profile, with an estimated rate of 258.3 incidents ranking 396th among metro neighborhoods (51st national percentile). However, property crime has increased 43.9% year-over-year, ranking 742nd for crime trend improvement (21st national percentile). Investors should factor these crime dynamics into property management strategies and tenant retention planning.
The employment base includes major corporate offices within commuting distance, supporting workforce housing demand for the rental market.
- Kinder Morgan — energy infrastructure (35.1 miles)
- General Mills — consumer goods (39.8 miles)
This 44-unit Victorville property benefits from exceptional neighborhood occupancy fundamentals, with 100% occupancy ranking first among 997 metro neighborhoods. The substantial household income growth of 79.3% over five years, combined with projections for continued income expansion to 2028, supports long-term rental demand. The 1991 construction vintage positions the property as newer stock relative to the neighborhood average, potentially reducing near-term capital expenditure requirements.
However, multifamily property research indicates affordability pressures with rent-to-income ratios in the bottom national percentile, requiring careful lease management. The high rental share of 69.6% of housing units demonstrates strong rental market dynamics, while demographic projections show household growth of 42.8% by 2028, expanding the potential tenant base.
- Exceptional occupancy fundamentals with 100% neighborhood occupancy ranking first metro-wide
- Strong household income growth of 79.3% over five years supporting rental pricing power
- High rental share of 69.6% indicates sustained rental demand in suburban market
- Newer 1991 construction may reduce immediate capital expenditure needs
- Risk: Rent-to-income ratios in bottom national percentile require careful affordability management