| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 49th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 335 S Almansor St, Alhambra, CA, 91801, US |
| Region / Metro | Alhambra |
| Year of Construction | 1987 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
335 S Almansor St Alhambra Multifamily Investment
This 58-unit property benefits from strong rental demand in a neighborhood with 60% renter-occupied housing and occupancy rates of 92.6%, according to CRE market data from WDSuite.
Alhambra's urban core neighborhood demonstrates solid rental fundamentals with 60.1% of housing units renter-occupied, ranking in the 94th percentile nationally. The neighborhood maintains a 92.6% occupancy rate, supporting stable cash flows for multifamily owners. Contract rents average $1,746, reflecting the area's position in the 86th percentile nationally for rental pricing.
Built in 1987, this property aligns with the neighborhood's average construction year of 1977, potentially offering value-add opportunities through targeted capital improvements. The area shows strong tenant amenities with 6.51 grocery stores per square mile and high childcare density at 3.26 facilities per square mile, both ranking in the 97th percentile nationally for convenience.
Demographics within a 3-mile radius show 218,238 residents with a median household income of $92,117, up 37% over five years. The area's 54.3% renter share supports continued multifamily demand, while projected household growth of 31.7% through 2028 indicates expanding tenant pools. Home values averaging $743,121 reinforce rental demand by keeping ownership costs elevated relative to renting options.
The neighborhood receives a B+ rating, ranking 513th among 1,441 metro neighborhoods. Housing metrics rank in the 79th percentile nationally, while amenity access scores in the 64th percentile. School ratings average 2.0 out of 5, which may influence family tenant preferences but supports affordability for working professionals.
Crime metrics show mixed trends for this urban core location. Property crime rates of 2,064 incidents per 100,000 residents rank in the 10th percentile nationally, indicating higher than average property crime levels compared to neighborhoods nationwide. However, property crime decreased 9.5% year-over-year, suggesting improving conditions.
Violent crime remains more controlled at 124 incidents per 100,000 residents, placing the neighborhood in the 28th percentile nationally. Overall crime performance ranks 1,167th among 1,441 metro neighborhoods, positioning it in the lower third locally. Investors should factor security considerations into property management and tenant screening strategies.
The property benefits from proximity to major corporate offices and headquarters that support workforce housing demand, including utility, technology, and materials companies within commuting distance.
- Edison International — utility services (3.5 miles) — HQ
- Chevron — energy (5.4 miles)
- Reliance Steel & Aluminum — materials (8.1 miles) — HQ
- Microsoft — technology (8.2 miles)
- CBRE Group — commercial real estate (8.3 miles) — HQ
This 58-unit property constructed in 1987 positions investors in a neighborhood with demonstrated rental stability and growth fundamentals. The area's 92.6% occupancy rate and 60% renter share create a stable tenant base, while demographic projections show household growth of 31.7% through 2028, expanding the potential renter pool. Contract rents have grown 33% over five years, and multifamily property research indicates continued upward pressure from elevated home values that reinforce rental demand.
The property's 1987 vintage offers potential value-add opportunities through strategic renovations, particularly given the neighborhood's strong amenity infrastructure and proximity to major employers like Edison International and Microsoft. However, investors should account for the area's higher property crime rates and below-average school ratings when evaluating tenant demographics and retention strategies.
- Strong rental fundamentals with 92.6% neighborhood occupancy and 60% renter-occupied housing
- Projected 31.7% household growth through 2028 supporting tenant demand
- Value-add potential from 1987 construction with renovation upside
- Proximity to major employers including Edison International headquarters
- Risk consideration: Higher property crime rates require enhanced security measures