| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 74th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 930 N Monterey St, Alhambra, CA, 91801, US |
| Region / Metro | Alhambra |
| Year of Construction | 1975 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
930 N Monterey St, Alhambra CA Multifamily Investment
Urban-core fundamentals and a large renter-occupied base in the surrounding neighborhood support durable leasing, according to WDSuite’s CRE market data. Elevated ownership costs locally tend to sustain demand for professionally managed apartments.
The property sits in an Urban Core neighborhood in Alhambra that is rated A and ranks 122 out of 1,441 Los Angeles metro neighborhoods, placing it above the metro median. Neighborhood occupancy is 94.4% with positive movement over the last five years, signaling stable renter demand at the neighborhood level rather than at this specific property.
Livability drivers are strong for daily needs and dining: the neighborhood scores in the top national percentiles for restaurants (98th), cafes (97th), groceries (90th), and pharmacies (91st). Average school ratings near 4.0 out of 5 land in the 84th percentile nationally, which can support family-oriented renter retention. Park access is limited within the immediate neighborhood, which investors should weigh when positioning amenities.
Housing and demand indicators point to depth in the tenant base. The share of renter-occupied housing units is high relative to national norms (93rd percentile nationally), which typically supports leasing velocity and renewals for multifamily assets. Median contract rents in the neighborhood sit in the upper tiers nationally while the rent-to-income ratio trends lower than many peer markets, a mix that can help manage affordability pressure and support retention strategies. Elevated home values (96th percentile nationally) indicate a high-cost ownership market, which tends to reinforce reliance on rental housing and can bolster pricing power.
Within a 3-mile radius, demographic statistics show recent softness in population counts but stability in household totals, with WDSuite data projecting population growth and a notable increase in households over the next five years. Smaller average household sizes are expected, which generally expands the pool of potential renters and supports occupancy stability for well-managed assets.
Safety metrics are mixed. The neighborhood’s crime rank is 946 out of 1,441 Los Angeles metro neighborhoods, indicating crime levels that are above the metro median. Nationally, safety percentiles are mid-to-lower tier, but both violent and property offense rates have declined over the last year, suggesting an improving trend rather than a definitive shift.
For investors, the takeaway is to underwrite prudent security, lighting, and access-control measures while recognizing that recent directional improvements may help leasing and retention if sustained.
Nearby employers provide a diverse white-collar employment base that supports sustained renter demand and convenient commutes for residents, including utilities, energy, metals distribution, software, and real estate services.
- Edison International — utilities (4.6 miles) — HQ
- Chevron — energy (6.4 miles)
- Reliance Steel & Aluminum — metals distribution (7.8 miles) — HQ
- Microsoft — software (7.9 miles)
- CBRE Group — real estate services (8.0 miles) — HQ
Built in 1975, the asset is slightly older than the neighborhood’s average vintage, which points to potential value-add through targeted renovations and capital planning to enhance competitiveness against newer stock. Neighborhood-level occupancy sits in the upper tiers and has edged up in recent years, and a high renter-occupied share indicates depth in the tenant base. Elevated ownership costs locally tend to sustain demand for rental housing.
Within a 3-mile radius, WDSuite indicates modest recent population softness but a projected increase in both population and total households over the next five years, implying a larger tenant base as household sizes trend smaller. According to CRE market data from WDSuite, neighborhood rents and incomes track in higher national percentiles, supporting disciplined pricing while keeping an eye on affordability pressure and renewal management.
- Urban-core location with strong amenity access and above-median neighborhood standing within the Los Angeles metro
- High renter-occupied share in the neighborhood supports leasing velocity and renewal depth
- 1975 vintage offers value-add potential via renovations and systems upgrades to compete with newer stock
- 3-mile demographics point to increasing households and a broader renter pool, aiding occupancy stability
- Risks: safety metrics sit above metro median and park access is limited; underwrite security and amenity programming accordingly