| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 38th | Fair |
| Amenities | 26th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Banning Dr, Avalon, CA, 90704, US |
| Region / Metro | Avalon |
| Year of Construction | 1993 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Banning Dr, Avalon CA — Multifamily Investment Thesis
Built in 1993, this 81-unit asset skews newer than much of the local stock, positioning it competitively versus older properties while high-cost ownership in Los Angeles County underpins renter reliance, according to WDSuite’s CRE market data.
The property sits in Avalon, a niche submarket within Los Angeles County where neighborhood characteristics differ from the broader metro. Park access is a relative strength (top percentile nationally), while day-to-day retail density is thin, with few cafés, groceries, and pharmacies within the neighborhood. For families, average school ratings trend below metro and national norms, which can influence renter profiles toward adults and smaller households.
Rents in the neighborhood are above national norms and have increased over the past five years, but neighborhood occupancy trends have been softer than most Los Angeles metro neighborhoods in recent years. That backdrop calls for focused leasing and retention execution to stabilize cash flows.
Vintage matters: with a 1993 construction year against a neighborhood average from the 1960s, the asset is newer than much of the local inventory. This can support competitive positioning versus older properties, though planning for system updates and selective modernization remains prudent for a 1990s build.
Within a 3-mile radius, statistics indicate a renter-occupied share around two-thirds of housing units and household incomes that have risen over the last five years. This points to a sizable tenant base and capacity to support market rents, even as local retail convenience is limited. Elevated home values at the neighborhood level signal a high-cost ownership market, which generally sustains rental demand and can aid lease retention.
Safety indicators trend modestly better than average nationally, with the neighborhood scoring in the upper half of U.S. neighborhoods. Property offenses have eased significantly year over year, while violent incidents have moved closer to national mid-range levels. Compared with the Los Angeles metro, overall conditions appear around the middle of the pack rather than a clear outlier.
Investors should view these signals directionally: the recent pullback in property offenses supports operational stability, but mixed trends in violent offenses merit ongoing monitoring and active risk management.
Regional employment anchors on the mainland — including Molina Healthcare, Pacific Life, Air Products & Chemicals, Prudential, and Western Digital — support leasing from professionals with flexible schedules or periodic travel requirements, contributing to a diversified renter base.
- Molina Healthcare — healthcare services (30.3 miles) — HQ
- Pacific Life — insurance (32.5 miles) — HQ
- Air Products & Chemicals — industrial gases (33.1 miles)
- Prudential — financial services (36.3 miles)
- Western Digital — data storage (36.4 miles) — HQ
This 81-unit, 1993-vintage property offers a relative age advantage versus much of the local stock, with small average unit sizes (~522 sf) that can appeal to renters prioritizing attainability and efficient layouts. Elevated neighborhood home values indicate a high-cost ownership environment that tends to sustain multifamily demand and can support pricing power with careful lease management. According to CRE market data from WDSuite, neighborhood occupancy has trailed most Los Angeles metro neighborhoods recently, suggesting the need for active leasing and renewal strategies, but the broader 3-mile renter concentration and income gains point to a durable tenant base.
Operational focus should emphasize marketing, renewals, and modest value-add to sharpen competitive positioning versus older inventory. Given limited neighborhood retail density and below-average school ratings, targeting demand segments less reliant on those amenities may enhance absorption and retention.
- 1993 vintage offers a competitive edge versus older neighborhood stock; plan for targeted system updates.
- Small average unit size (~522 sf) expands reach to cost-sensitive renters and supports occupancy when paired with effective leasing.
- High-cost ownership market reinforces renter reliance, aiding lease retention and pricing discipline.
- 3-mile data show a deep renter pool and rising incomes, supporting demand durability.
- Risks: softer neighborhood occupancy, limited retail convenience, and below-average school ratings require hands-on leasing and asset management.