| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 47th | Fair |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11451 186th St, Artesia, CA, 90701, US |
| Region / Metro | Artesia |
| Year of Construction | 1973 |
| Units | 101 |
| Transaction Date | 2012-06-14 |
| Transaction Price | $19,732,197 |
| Buyer | EAVES ARTESIA LP |
| Seller | WB NNC PASEO DE LOS CERRITOS OWNER LLC |
11451 186th St Artesia Multifamily Investment
Amenity-rich Urban Core location with elevated ownership costs supports durable renter demand and lease retention, according to WDSuite s CRE market data. Neighborhood occupancy trends sit near the metro middle, suggesting steady performance with disciplined operations.
The property sits in an Urban Core pocket of Artesia that ranks 246 out of 1,441 Los Angeles Long Beach Glendale metro neighborhoods placing it in the top quartile among local peers. Amenity access is a clear strength: grocery and restaurant density rank at the top nationally, with parks, pharmacies, and cafes also scoring well. This concentration of daily needs typically supports renter convenience and retention.
Neighborhood rent levels and home values benchmark high versus U.S. neighborhoods (contract rents and values in the mid-to-high 90s national percentiles). In investor terms, this high-cost ownership market can reinforce reliance on multifamily housing and support pricing power, while requiring attentive lease management to monitor affordability pressure.
Renter-occupied share is roughly half of neighborhood housing units, indicating a deep tenant base for larger properties. At the same time, the neighborhood s occupancy rate tracks near the national median, pointing to stable but competitive leasing conditions rather than outsized slack or scarcity.
Within a 3-mile radius, demographics show a modest population slip alongside growth in households and incomes, with forecasts calling for further household expansion and smaller average household sizes. For multifamily owners, that mix suggests a larger tenant base over time and demand for professionally managed units, even as operators should underwrite for selective price sensitivity.
Safety indicators for the neighborhood sit around the middle of U.S. neighborhoods overall, with property and violent offense rates that are not among the nation s best but have been improving on a year-over-year basis. Recent decreases in both property and violent offense estimates point to a constructive trend rather than deterioration.
Within the Los Angeles Long Beach Glendale metro, the neighborhood s crime ranking falls below the top tier, reflecting a setting where prudent security, lighting, and access controls remain relevant to tenant retention and asset protection. Investors may view the ongoing downward trend in estimated offenses as supportive for long-term operations while still budgeting for standard safety measures.
Nearby corporate offices span telecom, industrial distribution, manufacturing, beverage, and healthcare, supporting a diverse employment base and commuter convenience that underpins renter demand. The list below highlights proximate nodes likely to influence leasing stability.
- Time Warner Business Class telecom services (1.68 miles)
- LKQ auto parts distribution (4.29 miles)
- Airgas industrial gases (4.71 miles)
- Raytheon Public Safety RTC defense & aerospace offices (4.76 miles)
- Coca-Cola Downey beverage bottling & distribution (5.30 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging packaging (5.66 miles)
- International Paper packaging (6.55 miles)
- Air Products & Chemicals industrial gases (8.89 miles)
- Molina Healthcare healthcare services (9.22 miles) HQ
- Edison International electric utility (13.15 miles) HQ
11451 186th St offers scale at 101 units in a high-amenity Urban Core setting where elevated home values and nationally high rent benchmarks support a durable renter pool. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends sit near the metro middle, suggesting steady lease-up and renewals with hands-on management. The property s 1973 vintage points to potential value-add and systems modernization opportunities that can enhance competitive positioning against newer stock.
Within a 3-mile radius, households and incomes have grown and are projected to expand further even as overall population edges down, implying smaller household sizes and a larger pool of renters over time. NOI per unit trends benchmark above national medians for comparable neighborhoods, and a renter concentration near half locally indicates depth for multifamily demand. Operators should still account for affordability pressure in a high-cost ownership market and maintain standard security and amenity programs to support retention.
- Urban Core location with top-tier amenity access supports tenant retention
- Elevated ownership costs reinforce multifamily demand and pricing power
- 1973 vintage offers value-add and systems upgrade potential at 101-unit scale
- Household and income growth within 3 miles expands the renter base
- Risk: affordability pressure and mid-pack safety require disciplined operations