| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 74th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 W Main St, Alhambra, CA, 91801, US |
| Region / Metro | Alhambra |
| Year of Construction | 1999 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
333 W Main St Alhambra Multifamily Investment
The neighborhood-level occupancy rate of 94.4% reflects strong rental demand fundamentals in this Los Angeles County submarket. According to WDSuite's CRE market data, the 58.9% share of renter-occupied housing units supports sustained tenant interest in the area.
This Alhambra neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for overall investment attractiveness, driven by strong amenity access and housing fundamentals. The area demonstrates solid rental market characteristics with a 94.4% neighborhood-level occupancy rate and 58.9% of housing units occupied by renters, positioning well above national averages for rental demand depth.
Demographic data aggregated within a 3-mile radius shows a stable tenant base with median household income of $94,455 and projected growth in both population and household formation through 2028. The forecast indicates household count expansion of 31.6% over the next five years, supporting rental demand as the renter pool grows from approximately 22.9% to 27.4% of total units. Median contract rents of $1,785 currently maintain manageable rent-to-income ratios, though investors should monitor affordability dynamics as rents are projected to increase 34% by 2028.
Built in 1999, this 110-unit property aligns with the neighborhood's average construction vintage of 1981, offering potential value-add opportunities through strategic capital improvements. The neighborhood's median home value of $903,941 creates a significant ownership cost barrier that reinforces rental demand, as elevated purchase prices sustain renter reliance on multifamily housing. School ratings average 4.0 out of 5, ranking in the 84th percentile nationally, supporting family tenant retention in this urban core location.
The neighborhood's safety profile presents mixed indicators that warrant measured consideration in investment analysis. Crime statistics place the area at 946th among 1,441 Los Angeles metro neighborhoods, indicating above-average crime levels compared to regional peers, though the 44th national percentile suggests performance closer to national medians.
Property crime rates show recent improvement trends, with a 13.4% decline over the past year, while violent crime decreased 15.8% during the same period. These downward trajectories may support tenant retention and leasing velocity, though investors should continue monitoring local safety initiatives and their impact on long-term rental demand stability.
The employment base benefits from proximity to major corporate offices and headquarters, supporting workforce housing demand within reasonable commuting distance of significant job centers.
- Edison International — utilities (4.0 miles) — HQ
- Chevron — energy (6.1 miles)
- Reliance Steel & Aluminum — manufacturing (7.5 miles) — HQ
- Microsoft — technology (7.5 miles)
- CBRE Group — real estate services (7.6 miles) — HQ
This Alhambra property offers exposure to a top-quartile Los Angeles neighborhood with strong rental fundamentals and demographic tailwinds. The neighborhood's 94.4% occupancy rate and 58.9% renter-occupied housing share demonstrate sustained tenant demand, while projected household growth of 31.6% through 2028 supports expanding rental markets. Based on CRE market data from WDSuite, the area's $903,941 median home values create ownership cost barriers that reinforce multifamily demand.
The 1999 construction vintage provides opportunities for strategic capital improvements to capture rent growth in a market where contract rents are forecast to increase 34% by 2028. Proximity to major employers including Edison International headquarters and technology offices supports workforce housing appeal, while strong school ratings enhance family tenant retention potential.
- Neighborhood occupancy rate of 94.4% indicates strong rental demand fundamentals
- Projected 31.6% household growth through 2028 supports expanding tenant base
- High ownership costs ($903,941 median home value) reinforce rental market demand
- Value-add potential through strategic improvements to 1999-vintage property
- Risk: Above-average crime levels require ongoing monitoring of safety trends