| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 75th | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 N Hidalgo Ave, Alhambra, CA, 91801, US |
| Region / Metro | Alhambra |
| Year of Construction | 1979 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
108 N Hidalgo Ave Alhambra Multifamily Investment
Majority renter-occupied housing and elevated for-sale values in the surrounding area point to durable multifamily demand, according to WDSuite’s CRE market data. Position in Alhambra’s urban core supports leasing with proximity to jobs and daily services.
The property sits in Alhambra’s Urban Core, where neighborhood amenities favor everyday convenience over recreation. Restaurant density ranks in the top quartile nationally while grocery access is also strong, but parks and cafes are limited—suggesting demand is driven more by practical services and workforce proximity than lifestyle anchors. Based on multifamily property research from WDSuite, the neighborhood carries a B+ rating and performs above the metro median on several housing and demographic indicators.
Vintage context matters: the average construction year in the neighborhood is early 1970s, and this asset’s 1979 delivery is somewhat newer than the local stock. Investors should plan for mid-vintage capital needs (systems, common areas) while evaluating selective renovations for competitiveness against both older product and newer, premium assets.
Tenure data indicates a majority of housing units are renter-occupied in the neighborhood, supporting depth of the tenant base and leasing resilience for small-scale multifamily. Neighborhood rents benchmark in the upper quartile nationwide, while the rent-to-income profile sits closer to national mid-range—an investor mix that can support pricing power with ongoing lease management discipline.
Demographic statistics aggregated within a 3-mile radius show a modest recent population decline but a projected uptick ahead, alongside a notable increase in households and a smaller average household size. For investors, that points to a larger renter pool over time and potential support for occupancy stability, even as unit mix and floor plans may matter more for smaller households.
Ownership costs in the area rank high nationally, reflecting an expensive for-sale market. That dynamic tends to reinforce renter reliance on multifamily housing and can aid tenant retention, though it also requires attention to affordability pressure and renewal strategies as rents grow with incomes.
Safety indicators for the neighborhood are mixed relative to national and metro benchmarks. Overall crime metrics sit near the national midpoint, but property offense rates track weaker than national averages. Importantly, both property and violent offense rates have declined over the past year, placing recent trend improvements above many peer neighborhoods according to WDSuite’s data.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the neighborhood’s crime ranking is below the metro median, signaling room for further improvement. For investors, the practical takeaway is to underwrite with conservative assumptions on security and operating practices while recognizing the recent downward trend in incident rates.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience, including Edison International, Chevron, Reliance Steel & Aluminum, Microsoft, and CBRE Group.
- Edison International — utilities HQ (3.9 miles) — HQ
- Chevron — energy offices (5.7 miles)
- Reliance Steel & Aluminum — metals & distribution (8.2 miles) — HQ
- Microsoft — technology offices (8.2 miles)
- CBRE Group — commercial real estate services (8.3 miles) — HQ
108 N Hidalgo Ave offers a 1979-vintage, small-scale multifamily footprint in an urban Los Angeles County location where renter concentration, elevated ownership costs, and strong access to daily services support ongoing demand. Neighborhood rents benchmark high nationally while the rent-to-income profile remains closer to the national middle, helping balance pricing power with renewal stability. According to CRE market data from WDSuite, local household counts within a 3-mile radius are projected to rise as average household size declines—conditions that typically expand the renter pool and support steady absorption.
Relative to nearby 1970s housing stock, the asset’s slightly newer vintage offers competitive positioning but still warrants capital planning for systems and modernization to strengthen leasing versus newer Class A deliveries. Investors should also note recent easing in neighborhood occupancy and mixed safety metrics; both are trending better year over year, but conservative underwriting on security and lease-up timelines remains prudent.
- Renter-occupied majority and high ownership costs underpin a deep tenant base and retention potential.
- Upper-quartile neighborhood rents with mid-range rent-to-income support disciplined pricing power.
- 1979 vintage offers value-add and modernization angles versus older 1970s stock.
- Household growth and smaller household sizes within 3 miles point to renter pool expansion.
- Risks: occupancy has eased and safety is mixed; plan for conservative lease-up and operating assumptions.