| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 39th | Fair |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7993 Lime Ave, Fontana, CA, 92336, US |
| Region / Metro | Fontana |
| Year of Construction | 1987 |
| Units | 56 |
| Transaction Date | 2012-12-05 |
| Transaction Price | $5,520,000 |
| Buyer | MEADOWOOD GARDENS LLC |
| Seller | TAYEBI FONTANA LLC |
7993 Lime Ave, Fontana Multifamily Investment
Neighborhood occupancy is exceptionally tight and renter demand is supported by an ownership-leaning area, according to WDSuite’s CRE market data. The 56-unit 1987 asset offers durable cash flow positioning with measured value-add potential.
Situated in an Inner Suburb of the Riverside–San Bernardino–Ontario metro, the neighborhood carries a C+ rating and shows very high occupancy at the neighborhood level (top nationally by rank), based on CRE market data from WDSuite. That tight backdrop generally supports pricing power and lease stability for well-managed assets.
Rents in the neighborhood benchmark in the upper tier nationally (89th percentile), while the local renter-occupied share within a 3-mile radius sits below half, indicating an ownership-leaning environment with a defined but selective tenant base. For multifamily property research, this mix often favors retention where management emphasizes service and renewal strategies.
The surrounding area has limited immediate retail, cafe, grocery, and park density by rank, though pharmacy access is comparatively strong (88th percentile nationally). Families may weigh the below-average neighborhood school ratings (about the 15th percentile nationally), which places a premium on unit finishes, in-home space, and community features to capture demand.
The median construction year for nearby stock trends older than this property (1973 vs. 1987), giving the asset relative competitiveness versus aging comparables. Given its vintage, investors should plan for targeted systems upgrades and common-area refreshes to preserve positioning while leveraging the market’s very tight occupancy.
Home values in the neighborhood are elevated relative to national norms, reinforcing renter reliance on multifamily housing and supporting depth of demand. Combined with household growth within a 3-mile radius and a gradual decrease in average household size, the renter pool is poised to expand, which can support occupancy stability over the medium term.
Safety indicators are mixed when viewed locally versus nationally. Nationally, the neighborhood compares favorably, with violent-offense metrics in the top tier nationwide and property-offense measures trending better than many U.S. neighborhoods, according to WDSuite’s market data. Within the metro, however, ranks suggest monitoring for incidents relative to some suburban peers, underscoring the value of strong lighting, access control, and active property management.
Recent trend data show year-over-year improvement in violent incidents, while property-related activity merits continued diligence. Investors should evaluate on-site practices and coordinate with local resources to sustain resident confidence over the hold period.
Nearby industrial and distribution employers support a sizable workforce renter base and commute convenience. Key names within typical commuting distance include Kinder Morgan, General Mills, Waste Management, McKesson Medical Surgical, and Ryder Vehicle Sales.
- Kinder Morgan — energy infrastructure offices (6.5 miles)
- General Mills — food manufacturing/distribution (7.2 miles)
- Waste Management — environmental services (14.8 miles)
- Mckesson Medical Surgical — healthcare distribution (15.8 miles)
- Ryder Vehicle Sales — transportation & logistics (16.8 miles)
This 56-unit 1987 community benefits from exceptionally tight neighborhood occupancy and an ownership-leaning area that sustains multifamily demand. Elevated local home values strengthen reliance on rentals, while household growth within a 3-mile radius points to a larger tenant base and supports lease-up and renewal prospects. According to CRE market data from WDSuite, neighborhood rent levels sit in the upper tier nationally, reinforcing revenue potential for well-run assets.
Given its vintage advantage over older area stock, the property presents a measured value-add path: targeted interior upgrades, common-area enhancements, and systems modernization to maintain competitive standing and capture rent trade-outs. Key risks include limited walkable amenities, below-average nearby school ratings, and localized safety variability, all of which can be mitigated through management, security investments, and amenity programming.
- Tight neighborhood occupancy supports pricing power and lease stability
- Elevated home values reinforce sustained rental demand and retention
- 1987 vintage offers value-add via targeted renovations versus older comparables
- Expanding household counts within 3 miles signal a growing renter pool
- Risks: limited nearby amenities, lower school ratings, and localized safety monitoring