| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 54th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 916 S Atlantic Blvd, Alhambra, CA, 91803, US |
| Region / Metro | Alhambra |
| Year of Construction | 1973 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
916 S Atlantic Blvd Alhambra Multifamily Investment
Renter demand is supported by a high renter-occupied share and steady neighborhood occupancy, according to WDSuite’s CRE market data. This location offers durable cashflow potential tied to local amenities and employment depth rather than speculative growth.
The property sits in an Urban Core pocket of Alhambra with an A neighborhood rating (ranked 149 among 1,441 Los Angeles metro neighborhoods), signaling strong livability fundamentals for workforce and middle-income renters. Amenity access is a standout: neighborhood measures for restaurants, groceries, parks, pharmacies, and childcare place this area in the top quartile nationally, helping with daily convenience and leasing velocity.
Schools within the neighborhood benchmark above metro norms (average rating near the top of Los Angeles’s distribution and top quartile nationally), a quality-of-life factor that supports retention for family renters. Neighborhood occupancy trends are stable and sit around national medians, which can help underpin income consistency through cycles rather than relying on outsized rent spikes.
Tenure dynamics favor multifamily: the neighborhood’s renter-occupied share ranks in the top quartile among 1,441 metro neighborhoods, indicating a deep tenant base and broad acceptance of apartment living. Median home values rank in the top decile nationally, and the value-to-income ratio is also elevated versus most U.S. neighborhoods; in practice this is a high-cost ownership market that tends to sustain reliance on rental housing and supports pricing power when managed prudently.
Within a 3-mile radius, recent data show modest population softening but a small increase in households alongside declining household size. Forward-looking estimates point to additional household growth through 2028, which implies a larger renter pool and supports occupancy stability even if population growth remains muted. Contract rents in the area have grown over the past five years, and projected rent levels continue to trend upward, reinforcing the long-term revenue story when paired with disciplined lease management.
Vintage considerations matter: the asset’s 1973 construction predates the neighborhood’s average vintage (1985). Investors should plan for ongoing capital programs and selective renovations to protect competitiveness against newer stock, potentially unlocking value-add upside through targeted interior and system upgrades.
Safety patterns are mixed. Within the Los Angeles metro’s 1,441 neighborhoods, this area falls in the safer half by metro rank, yet it benchmarks below the national median for safety. Recent data indicate that violent incidents have declined over the last year, while property offenses have edged down modestly. For underwriting, assume average-to-moderate safety positioning nationally with improving trends; emphasize lighting, access controls, and resident engagement to support retention.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience. Key employers within a short drive include utility headquarters, energy, industrial distribution, technology, and real estate services.
- Edison International — utilities (3.6 miles) — HQ
- Chevron — energy (6.1 miles)
- Reliance Steel & Aluminum — metals & distribution (7.0 miles) — HQ
- Microsoft — technology offices (7.1 miles)
- CBRE Group — real estate services (7.2 miles) — HQ
916 S Atlantic Blvd is a 21-unit, 1973-vintage asset positioned in an amenity-rich Alhambra location with high renter concentration and stable neighborhood occupancy. Elevated ownership costs in the surrounding area reinforce reliance on multifamily housing, while a broad amenity set and solid school benchmarks support lease retention. Within a 3-mile radius, households are increasing even as average household size declines, a dynamic that typically expands the renter pool and supports occupancy stability.
Operationally, the asset’s older vintage versus neighborhood norms suggests value-add potential through targeted renovations and capital planning. Neighborhood safety trends have improved year over year, and employment access is diversified by nearby corporate offices. Underwriting should consider rent-to-income levels and ongoing capex needs while recognizing durable demand drivers and amenity-led competitiveness, based on CRE market data from WDSuite.
- Amenity-rich A-rated neighborhood with strong restaurant, grocery, and childcare access supporting leasing and retention
- High renter-occupied share and steady neighborhood occupancy provide depth of tenant base and income durability
- Elevated ownership costs locally sustain demand for rentals and support disciplined pricing power
- 1973 vintage offers value-add and modernization upside with targeted interior and system upgrades
- Risks: nationally mid-tier safety profile, rent-to-income pressure for some cohorts, and ongoing capex requirements