Description

JLL, as exclusive advisor, is pleased to present for sale

Verano at Rancho Cucamonga Town Square ("Verano"

or the "Property"), a 414-unit, value-add multifamily

opportunity constructed in 2006. Situated across 17+

sprawling acres in the heart of Rancho Cucamonga's

town center, Verano offers a unique blend of low-density

suburban tranquility and everyday urban convenience.

Recognized for its exceptional quality of life, safety,

and top-ranking public schools, Rancho Cucamonga

strategically sits at the convergence of the I-15, I-210, and

I-10 freeways—positioning Verano's residents within easy

reach of the region's largest employment corridors while

offering compelling value compared to coastal markets.

These draws contribute to an affluent and stable renter

pool, reflected in Rancho Cucamonga’s average household

income of $140,000, representing a conservative 21% rentto-

income ratio based on in-place rents.

The submarket’s proven demand for contemporary finishes

creates a compelling value-add opportunity across 100%

of units. While current ownership has partially upgraded

76% of units, comprehensive renovations can achieve a

$263/unit avg. renovation premium while maintaining a

competitive discount to new construction. Verano presents

a compelling value-add opportunity to capture tangible

upside in a supply-constrained submarket projected to

experience outperforming fundamentals.

...

Attributes

Number of units

414

Occupancy

98.1%

Year built

2006

Building area net

37,896 m²

Land area gross

3 m²

Rarity of Offering – Only 8 assets over 100 units have traded in Rancho Cucamonga over the past decade.
Operational Outperformance – 98% occupancy, zero concessions, and less than 1% bad debt.
Generational Value Add Opportunity - 100% of units primed for renovation offering ±$263/unit/mo avg. renovation premium
Affluent Demographics & New-Construction Discount – Support sustained demand and rent growth.
Renter Friendly, Suburban Standout -- Top performing assigned schools & ~12M SF of retail within 3-mile radius
Transit-Oriented Southern California Value Proposition -- 7.8M jobs within 60-minute commute at ~17% rental discount to neighboring Orange County and Los Angeles markets
Impending Supply Cliff – Zero new construction starts expected.
Compelling Rent vs. Own Economics – Renting offers a 57% discount to homeownership.