| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 66th | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1150 Fairview Ave, Arcadia, CA, 91007, US |
| Region / Metro | Arcadia |
| Year of Construction | 1972 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1150 Fairview Ave Arcadia Multifamily Value-Add Opportunity
In a Los Angeles–area neighborhood that ranks in the top quartile among 1,441 metro neighborhoods, the property benefits from steady renter demand and high local incomes, according to WDSuite’s CRE market data. Vintage positioning suggests scope for operational and renovation upside while maintaining occupancy near broader market norms.
Arcadia’s Urban Core setting offers everyday convenience with strong access to restaurants, pharmacies, and groceries — amenity density trends in the top quartile nationally, which supports leasing and retention for workforce and professional renters. Neighborhood standing is competitive at the metro scale (top quartile among 1,441 Los Angeles–Long Beach–Glendale neighborhoods), signaling durable fundamentals rather than a transient momentum story.
For investors underwriting demand depth, the neighborhood’s renter-occupied share is elevated relative to national benchmarks, indicating a sizable tenant base and support for multifamily absorption. Neighborhood occupancy trends sit around national medians, pointing to manageable lease-up risk and an emphasis on operations and product differentiation over concession-driven strategies.
Demographics aggregated within a 3-mile radius show households have grown even as population edged down, implying smaller household sizes and a broader mix of renters entering the market; projections indicate household counts continue to rise through 2028, which supports occupancy stability. Median household incomes are strong locally and, paired with contract rents that remain aligned with earnings, suggest balanced affordability and potential for steady renewal capture rather than outsized turnover.
Ownership costs in the area are elevated versus national norms, which tends to sustain reliance on multifamily housing and underpins pricing power for well-maintained product. The 1972 construction vintage is older than the neighborhood average (1981), pointing to clear value-add pathways — from unit modernization to systems upgrades — that can enhance competitiveness against newer stock while planning for capital needs.
Neighborhood safety indicators compare favorably: crime levels rank in the stronger half of the Los Angeles metro and fall in the top quartile nationally, indicating comparatively safer conditions than many neighborhoods across the country. Recent trends also show year-over-year declines in both violent and property offense rates at the neighborhood level, which can support resident retention and longer tenancy.
As always, crime patterns vary by micro-location and over time; investors should validate conditions at different times of day and along key corridors when forming assumptions.
Proximity to diversified corporate employers supports commuter convenience and a stable renter base, particularly for professional and technical occupations. Key nearby employers include Chevron, Edison International, Avery Dennison, International Paper, and Reliance Steel & Aluminum.
- Chevron — energy (4.6 miles)
- Edison International — utilities (5.1 miles) — HQ
- Avery Dennison — materials & labeling (11.1 miles) — HQ
- International Paper — packaging & paper (11.8 miles)
- Reliance Steel & Aluminum — metals distribution (11.8 miles) — HQ
1150 Fairview Ave is a 23-unit, 1972-vintage asset positioned in a metro-competitive Arcadia neighborhood. The submarket exhibits strong amenities and an above-average renter concentration at the neighborhood level, supporting depth of tenant demand. Household growth within a 3-mile radius — despite flat-to-lower population — indicates smaller household sizes and a broader renter pool, which typically supports occupancy stability and renewal performance. Elevated ownership costs locally reinforce reliance on rental housing, while rent levels relative to incomes point to manageable affordability pressure.
The vintage creates a straightforward value-add thesis: targeted interior updates and system improvements can close the gap to newer comparables and bolster leasing velocity. According to CRE market data from WDSuite, neighborhood occupancy trends sit near national medians, suggesting operations and product quality are the primary levers for outperformance rather than market-driven lift alone.
- Metro-competitive location with top-quartile amenities supporting demand and retention
- High neighborhood renter concentration indicates depth of tenant base for multifamily
- Household growth within 3 miles expands the renter pool and supports occupancy
- 1972 vintage provides clear value-add pathways via renovations and building systems
- Risks: occupancy near national medians, limited park access, and capex needs for older systems