| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 29th | Fair |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 160 E Parkdale Dr, San Bernardino, CA, 92404, US |
| Region / Metro | San Bernardino |
| Year of Construction | 1986 |
| Units | 79 |
| Transaction Date | 2017-06-21 |
| Transaction Price | $9,750,000 |
| Buyer | Country Club Parkdale Apartments LP |
| Seller | Dig Country Club LLC, Private Investor, Dornin Investment Group; Chris Dornin, PCraicseh/ uEnqitu aivnadle /nsft |
160 E Parkdale Dr, San Bernardino Multifamily Investment
Neighborhood indicators point to stable renter demand and above-average occupancy for the area, according to WDSuite s CRE market data. The investment thesis centers on workforce housing fundamentals rather than premium amenity draw.
Located in San Bernardino s inner-suburban fabric, the neighborhood carries a C rating and ranks 729 out of 997 metro neighborhoods, signaling conditions below the metro median yet serviceable for value-focused multifamily strategies. Grocery access is a relative strength (94th national percentile), and restaurant density trends well (90th percentile), while cafes, parks, and pharmacies are limited locally, suggesting residents rely on broader trade areas for certain amenities.
The property s 1986 vintage is newer than the neighborhood s average construction year of 1963. For investors, that typically supports competitive positioning versus older stock, though capital planning should still consider modernization of building systems and potential common-area upgrades to drive retention and rentability.
Renter concentration in the neighborhood is high, with an estimated 68.7% of housing units renter-occupied (top national tier), which deepens the tenant base and can support leasing velocity. Neighborhood occupancy is reported at roughly the high-90s and above the national midpoint (69th national percentile), a positive indicator for cash flow stability in conventional multifamily.
Within a 3-mile radius, WDSuite s data shows recent population growth alongside a faster rise in household counts, and projections to 2028 indicate further population gains and a notable increase in households. That expansion of households points to a larger local renter pool and supports occupancy stability. Elevated home values relative to income (nationally strong value-to-income percentile) and a high-cost ownership landscape within the metro context tend to reinforce reliance on multifamily rental options, which can aid pricing power and lease retention management.
Safety indicators, framed at the neighborhood level, are mixed but generally compare favorably at the national scale. Violent offense metrics benchmark around the mid-70s national percentile and property offense around the low-70s percentile, indicating comparatively safer readings than many neighborhoods nationwide, based on WDSuite s CRE market data.
Trend signals are uneven: estimated property offenses improved meaningfully year over year, while violent offense estimates show recent volatility. For investors, this argues for standard operating diligence (lighting, access control, and partnership with local patrol resources) to sustain resident confidence and support retention. Because crime patterns can vary by block and over time, underwrite using recent comparable data and property-level measures rather than broad assumptions.
The area s employment base includes logistics, energy infrastructure, and consumer goods offices, supporting workforce housing demand and commute convenience for renters. The employers below reflect nearby corporate office footprints relevant to tenant retention and leasing stability.
- Kinder Morgan D energy infrastructure (8.6 miles)
- General Mills D consumer goods (17.2 miles)
- Waste Management D environmental services (25.6 miles)
- Mckesson Medical Surgical D medical distribution (26.2 miles)
- Ryder Vehicle Sales D logistics & fleet (27.7 miles)
This 79-unit, 1986-vintage asset offers exposure to a renter-heavy neighborhood with above-average occupancy and steady workforce demand. Compared with older local stock, the vintage supports competitive positioning; targeted modernization can further enhance rentability and reduce turnover costs. Elevated ownership costs in the metro context and solid neighborhood occupancy (upper-national percentile) underpin stable leasing conditions, while household growth within a 3-mile radius points to a larger tenant base over the next several years.
According to CRE market data from WDSuite, neighborhood rent levels sit above national midpoints while rent-to-income trends suggest manageable, but monitor-worthy, affordability pressure Dcalling for disciplined leasing and renewal strategies. Limited nearby lifestyle amenities and modest school ratings argue for thoughtful property-level enhancements and resident services to sustain demand and support pricing.
- Renter-heavy neighborhood supports depth of tenant demand and leasing velocity.
- 1986 vintage is newer than local average, with value-add modernization potential.
- Neighborhood occupancy trends above national midpoint, aiding cash flow stability.
- Elevated ownership costs in the metro context reinforce reliance on rental housing.
- Risks: thinner lifestyle amenities, modest school ratings, and safety volatility warrant proactive management.