| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 38th | Fair |
| Amenities | 26th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 234 Bird Park Rd, Avalon, CA, 90704, US |
| Region / Metro | Avalon |
| Year of Construction | 2001 |
| Units | 24 |
| Transaction Date | 2021-08-25 |
| Transaction Price | $1,205,500 |
| Buyer | CATALINA TSA HOUSING LP |
| Seller | CATALINA AVALON LIMITED |
234 Bird Park Rd Avalon Multifamily Opportunity
2001 construction positions this asset competitively versus older neighborhood stock, according to WDSuite’s CRE market data, supporting leasing appeal despite lighter retail density on the island. Neighborhood occupancy and amenities references reflect the surrounding neighborhood, not the property itself.
Located in Avalon in Los Angeles County, the property benefits from a coastal setting with exceptional park access; the neighborhood ranks near the top among 1,441 metro neighborhoods for parks per square mile (top quartile nationally), a lifestyle feature that can aid retention for larger units.
The 2001 vintage is newer than the neighborhood’s average construction year (1963). For investors, this typically means fewer near-term capital needs and stronger competitive positioning versus older buildings, while leaving room to modernize systems and finishes as part of a focused value-add program.
Retail and service density is limited in the immediate neighborhood (few groceries, pharmacies, or childcare centers per square mile), while restaurants are present but dispersed. This dynamic can temper foot-traffic-driven demand but also concentrates renter demand around well-located assets that deliver convenience on-site.
Neighborhood indicators show median contract rents benchmarking high nationally, and rent-to-income signals suggest manageable affordability pressure relative to incomes. School ratings trail national norms, which is a consideration for family-oriented leasing strategies. The neighborhood’s reported occupancy trend is below metro averages among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, which points to potential leasing volatility; these metrics are measured for the neighborhood and not the property.
Within a 3-mile radius, demographics show a modest population contraction over the last five years alongside steady household counts and rising incomes. Forward-looking data indicates households are expected to increase with a shift in composition, which can expand the tenant base and support occupancy stability. These trends, based on commercial real estate analysis from WDSuite, suggest demand will concentrate around competitively positioned multifamily assets.
Safety indicators for the neighborhood are slightly above the national middle, with property offenses showing notable year-over-year improvement. Relative to the Los Angeles-Long Beach-Glendale metro, overall crime performance sits above the metro median among 1,441 neighborhoods, indicating comparatively resilient conditions without implying block-level outcomes.
Nationally, the neighborhood trends align closer to average for violent incidents and stronger for reductions in property-related offenses. Investors should underwrite with standard precautions, focusing on asset-level controls and management practices while recognizing that these are neighborhood-level signals, not property-specific data.
Regional employment anchors within commuting range include healthcare, financial services, and technology corporate offices, supporting renter demand from professionals who value coastal living with periodic mainland commutes. The list below highlights nearby corporate offices that can contribute to leasing stability.
- Molina Healthcare — corporate offices (30.7 miles) — HQ
- Pacific Life — corporate offices (32.8 miles) — HQ
- Air Products & Chemicals — corporate offices (33.5 miles)
- Prudential — corporate offices (36.6 miles)
- Western Digital — corporate offices (36.7 miles) — HQ
This 24-unit, 2001-built multifamily property offers relative durability in a neighborhood dominated by older housing stock, with large average unit sizes that can attract longer-tenured renters. While neighborhood occupancy runs below metro norms and retail density is limited, strong park access and a 3-mile renter-occupied housing share that points to a deep tenant base support leasing prospects. Based on CRE market data from WDSuite, local rents benchmark high against national peers, and income trends within 3 miles have strengthened — a setup that can sustain rent levels with prudent lease management.
Near-term upside centers on targeted renovations and amenities that enhance convenience, while risk management should emphasize marketing reach to mainland employers and disciplined underwriting around lease-up pacing given neighborhood volatility signals. The asset’s newer vintage reduces immediate capital exposure relative to the area’s older stock, yet still allows for selective modernization to drive NOI.
- Newer 2001 vintage versus local average supports competitive positioning and moderates near-term capex.
- Large average unit sizes align with retention and family-friendly demand supported by strong park access.
- High national rent benchmarks and rising 3-mile incomes underpin pricing power with careful lease management.
- Risks: below-metro neighborhood occupancy and limited retail density warrant conservative absorption and marketing to regional employers.