| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 31st | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11300 Magnolia Ave, Riverside, CA, 92505, US |
| Region / Metro | Riverside |
| Year of Construction | 1986 |
| Units | 72 |
| Transaction Date | 2016-11-03 |
| Transaction Price | $10,850,000 |
| Buyer | Acton Diversified Management Group, LLC |
| Seller | The Varma Family Revocable Trust, Private Investor, Jagdish Varma - 626-285-9705, PCraicseh/ uEnqitu aivnadle /nsft |
11300 Magnolia Ave Riverside 72-Unit Multifamily
Neighborhood occupancy has tended to hold in the low-90s, according to WDSuite’s CRE market data, indicating leasing stability for well-managed assets in this inner-suburban Riverside location.
Riverside’s inner-suburban setting around 11300 Magnolia Ave scores A- overall and ranks in the top quartile among 997 metro neighborhoods, signaling competitive fundamentals within the Riverside–San Bernardino–Ontario market. Amenity density is a relative strength: restaurants and cafes rank in the mid-90s percentiles nationally, with grocery and pharmacy access also above national norms. Park and childcare options are limited locally, which may modestly affect family-oriented appeal.
For investors focused on renter demand, the neighborhood’s share of housing units that are renter-occupied is elevated relative to the metro (near the upper tier locally), which supports a deeper tenant base and steadier leasing. Neighborhood occupancy is in the upper-80s to low-90s range and has edged up over the past few years, reinforcing the area’s ability to maintain absorption through cycles based on CRE market data from WDSuite.
The property’s 1986 vintage is slightly newer than the neighborhood’s early-1980s average. That positioning can be competitive versus older stock while still leaving room for targeted modernization of building systems and finishes to drive NOI resiliency.
Within a 3-mile radius, demographics show a stable population with households increasing and average household size trending smaller. This dynamic points to a larger tenant base over time even as headcounts hold flat, with income levels rising and contract rents trending upward. Elevated home values for the area (higher than many U.S. markets) tend to reinforce renter reliance on multifamily housing, while a relatively moderate rent-to-income profile in the neighborhood supports retention and measured pricing power.
Schools in the broader area benchmark below national averages, which can be a consideration for unit mix and tenant segmentation strategies. Overall, the submarket’s amenity access, renter concentration, and solid occupancy backdrop remain the primary investment anchors.
Safety metrics in this neighborhood trail metro and national averages, with rankings in the lower tier among 997 metro neighborhoods and national percentiles indicating a relatively less safe profile compared to many U.S. areas. That said, recent trends show a year-over-year decline in property offenses locally, which is a constructive signal to monitor over time.
Investors should underwrite with appropriate security, lighting, and resident-experience plans, and track trajectory rather than single-year snapshots. Comparable inner-suburban locations in the Riverside–San Bernardino–Ontario metro can vary widely by block, so a site-level assessment remains essential alongside WDSuite’s neighborhood data.
Proximity to regional corporate offices supports a broad commuter tenant base and underpins leasing stability for workforce-oriented units. Highlighted employers below reflect the nearby corporate landscape that sustains daily traffic and housing demand.
- General Mills — corporate offices (9.0 miles)
- Mckesson Medical Surgical — corporate offices (11.9 miles)
- Kinder Morgan — corporate offices (12.6 miles)
- Waste Management — corporate offices (13.8 miles)
- Ryder Vehicle Sales — corporate offices (16.8 miles)
11300 Magnolia Ave offers scale at 72 units with neighborhood fundamentals that are competitive within the metro: strong amenity access, above-median renter concentration, and neighborhood occupancy that has held near the low-90s. The 1986 vintage positions the asset slightly newer than the local early-1980s average, creating potential to outperform older comparables with selective system upgrades and interior modernization. According to CRE market data from WDSuite, elevated home values and a relatively moderate rent-to-income profile in the neighborhood underpin renter reliance while supporting retention and disciplined rent setting.
Within a 3-mile radius, households are expanding even as average household size trends smaller, pointing to a broader renter pool over time. Income growth outpacing prior periods and upward rent trajectories further support long-term NOI durability, while investors should remain mindful of below-average school ratings and local safety differentials when shaping unit mix, amenity spend, and operating plans.
- Competitive inner-suburban location with top-quartile metro ranking and strong amenity access
- Renter-occupied share is high locally, supporting depth of tenant demand and occupancy stability
- 1986 vintage offers value-add via targeted system and interior upgrades versus older stock
- Household growth within 3 miles and rising incomes expand the renter pool and support pricing power
- Risk: below-average school ratings and softer safety metrics warrant tailored operations and security planning