| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Poor |
| Demographics | 38th | Fair |
| Amenities | 26th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 321 Tremont St, Avalon, CA, 90704, US |
| Region / Metro | Avalon |
| Year of Construction | 1983 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
321 Tremont St Avalon 62-Unit Multifamily Investment
Positioned in a high-cost ownership market with stable renter affordability, this mid-1980s asset offers operational scale and value-add potential, according to WDSuite’s CRE market data. Thoughtful renovations and disciplined management can target durable demand while balancing seasonality and neighborhood dynamics.
321 Tremont St sits within the Los Angeles–Long Beach–Glendale metro, in Avalon. Neighborhood parks are a standout strength, ranking among the top percentiles nationally, while day-to-day retail such as groceries, cafes, and pharmacies is limited locally. For investors, this mix suggests livability anchored by abundant outdoor access with lighter retail convenience nearby.
Based on CRE market data from WDSuite, the neighborhood’s overall rating sits near the bottom among 1,441 metro neighborhoods, with neighborhood occupancy weaker and trending lower than many parts of the region. Importantly, these occupancy figures describe the neighborhood, not this property. At the same time, the neighborhood’s renter-occupied share trends above national medians, indicating an underlying tenant base that can support multifamily leasing when pricing and product fit are aligned.
Home values are elevated relative to national norms, which typically reinforces reliance on multifamily housing and supports lease retention for well-managed assets. Rents are also above many U.S. neighborhoods, but WDSuite data indicates rent-to-income levels in this area remain manageable, which can aid collections and reduce turnover risk.
Demographic statistics within a 3-mile radius show modest population contraction over the past five years alongside essentially flat household counts and rising incomes. Forward-looking projections point to continued shifts in household composition with households expected to grow even if population trends soften, which can expand the renter pool and support occupancy stability for appropriately positioned units.
Asset vintage and implications: Constructed in 1983 versus a neighborhood average year of 1963, the property is newer than much of the surrounding stock. Investors can evaluate targeted capital programs—interiors, common areas, and systems—to sharpen competitive positioning against older comparables while planning for aging mechanicals typical of 1980s construction.
Safety indicators for the neighborhood are mixed but comparatively favorable versus many U.S. areas. According to WDSuite, the area performs above the metro median and sits modestly above the national middle in overall safety, indicating a generally stable environment relative to numerous neighborhoods nationwide.
Recent trend data shows property offenses have decreased sharply year over year, while violent incidents recorded an uptick. These figures reflect neighborhood-level patterns rather than conditions specific to this property. Investors should underwrite with prudent security and lighting measures and monitor trend direction as part of ongoing asset management.
Regional employment centers within roughly 30–38 miles feature healthcare, financial services, and technology employers that broaden the potential renter base and support retention for residents prioritizing job access. The list below reflects the most relevant anchors referenced here.
- Molina Healthcare — healthcare insurance (30.3 miles) — HQ
- Pacific Life — financial services (32.4 miles) — HQ
- Air Products & Chemicals — industrial gases (33.1 miles)
- Prudential — financial services (36.2 miles)
- Western Digital — data storage technology (36.3 miles) — HQ
321 Tremont St offers 62 units with mid-1980s construction, creating a practical platform for value-add strategies against an older local baseline. Elevated home values in the neighborhood context support sustained renter reliance on multifamily housing, while rent-to-income levels indicate manageable affordability that can help stabilize collections. According to CRE market data from WDSuite, neighborhood occupancy is currently soft, but the broader renter-occupied presence and income growth provide a path for well-executed leasing and renewal strategies.
Demographics within a 3-mile radius point to a smaller overall population but a steady-to-growing household base and rising incomes, which can expand the tenant pool for appropriately priced, renovated product. Targeted upgrades and efficient operations can position the asset competitively versus older nearby stock while maintaining prudent assumptions around leasing velocity.
- 1983 vintage offers clear value-add levers versus older neighborhood stock
- High-cost ownership market underpins renter demand and potential lease retention
- Renter pool supported by income gains within 3 miles, aiding collections stability
- Parks access is a lifestyle amenity; retail convenience is comparatively limited
- Risk: Neighborhood occupancy is weak; underwriting should assume conservative lease-up and renewal pacing