| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 58th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 130 Claressa Ave, Avalon, CA, 90704, US |
| Region / Metro | Avalon |
| Year of Construction | 1981 |
| Units | 22 |
| Transaction Date | 1997-09-22 |
| Transaction Price | $818,800 |
| Buyer | FNB REAL ESTATE CORP |
| Seller | CLARISSA COURT PARTNERSHIP |
130 Claressa Ave Avalon Multifamily Investment Outlook
Renter concentration is high in the surrounding neighborhood and 3‑mile area, supporting depth of demand, according to WDSuite’s CRE market data. Nearby dining, cafes, and parks further reinforce everyday livability and potential lease retention.
Located at 130 Claressa Ave in Avalon, the property sits in a neighborhood rated B- among 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods. Amenity access is a relative strength: restaurants and cafes index in the top national tiers (restaurants in the 99th percentile and cafes in the 97th percentile), and park access sits at the 100th percentile nationally. These concentrations translate into daily convenience that can help support leasing velocity and retention for smaller multifamily assets.
The area’s housing stock skews slightly older on average (1975), while the subject’s 1981 vintage is modestly newer. For investors, that can mean competitive positioning versus older stock with potential to capture value through targeted modernization of systems and finishes over time.
Tenure patterns signal durable apartment demand. Neighborhood data show a high share of renter‑occupied housing units, and within a 3‑mile radius, renters account for roughly two‑thirds of occupied units. For investors, that depth of renter households broadens the tenant base and can underpin occupancy stability for efficiently sized units.
Demographics within a 3‑mile radius indicate mixed but investable signals: recent years show relatively stable household counts alongside a modest population dip, suggesting changing household composition rather than construction dynamics. Forward‑looking estimates point to an increase in households and higher median incomes, which would expand the renter pool for professionally managed units, though investors should plan for variability in island‑adjacent submarkets.
Safety trends are mixed but improving in several categories. The neighborhood’s overall crime rank sits slightly above the metro median among 1,441 Los Angeles–Long Beach–Glendale neighborhoods, and it performs modestly better than the national average (56th percentile). Property offenses show notable year‑over‑year improvement, ranking in a stronger national percentile for decline, while violent‑offense metrics sit below the national average (36th percentile). Investors should view this as a generally midpack safety profile with recent progress in property‑related incidents, based on WDSuite’s CRE market data.
Regional employment access is anchored by established corporate offices across healthcare, insurance, industrial gases, and technology—supporting renter demand via commutable, white‑collar and skilled operations. Notable nearby employers include Molina Healthcare, Pacific Life, Air Products & Chemicals, Prudential, and Western Digital.
- Molina Healthcare — healthcare insurance (30.1 miles) — HQ
- Pacific Life — insurance (32.1 miles) — HQ
- Air Products & Chemicals — industrial gases (32.9 miles)
- Prudential — insurance (35.9 miles)
- Western Digital — data storage (36.0 miles) — HQ
This 22‑unit multifamily asset, built in 1981 with an average unit size near 440 square feet, aligns with a high‑renter neighborhood profile and a 3‑mile area where renters represent a substantial share of occupied units. Amenity density is a competitive advantage—restaurants, cafes, and parks rank in top national percentiles—supporting daily convenience and potential lease retention. The 1981 vintage is modestly newer than the neighborhood average (1975), indicating potential to outperform older stock with targeted modernization and value‑add execution while maintaining operational efficiency for smaller floor plans.
According to commercial real estate analysis from WDSuite, local incomes trend solidly for Southern California and rent levels within the 3‑mile radius point to manageable affordability pressure, which can support occupancy stability for well‑managed properties. Demographic readings show stable to rising household counts despite softer population trends, implying a sustained tenant base for smaller units, with upside tied to thoughtful renovations and consistent operations.
- High renter concentration and strong amenity access support lease‑up and retention
- 1981 vintage offers value‑add and systems modernization potential versus older nearby stock
- Income levels and rent positioning suggest manageable affordability pressure and occupancy durability
- Proximity to diversified employers across healthcare, insurance, and tech underpins renter demand
- Risks: mixed safety readings, variable demographic projections, and execution risk on renovations