| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 32nd | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 273 W Arrow Hwy, Azusa, CA, 91702, US |
| Region / Metro | Azusa |
| Year of Construction | 1979 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
273 W Arrow Hwy Azusa Multifamily Investment
This 88-unit property built in 1979 is positioned in a neighborhood with 96.8% occupancy rates and strong amenity access. Commercial real estate analysis from WDSuite indicates above-average renter demand fundamentals in this Los Angeles County submarket.
The property sits in an urban core neighborhood that ranks in the top quartile nationally for amenities, with exceptional access to grocery stores (7.43 per square mile) and restaurants. The area maintains a 96.8% occupancy rate, reflecting strong rental demand dynamics in this Los Angeles County submarket. With 27.2% of housing units renter-occupied, the neighborhood provides a stable tenant base for multifamily operators.
Built in 1979, this property predates the neighborhood's average construction year of 1998, presenting potential value-add opportunities through strategic renovations and unit improvements. The older vintage may require capital investment planning but offers upside potential in a market where newer construction commands premium rents.
Demographics within a 3-mile radius show a population of approximately 154,000 with median household income of $87,733. The area's rent-to-income ratio of 0.22 suggests manageable affordability for tenants, supporting lease retention. Projections indicate household growth of 40.6% through 2028, expanding the potential renter pool and supporting long-term occupancy stability.
Home values averaging $545,290 with recent appreciation of 48.9% over five years reinforce rental demand, as elevated ownership costs keep households in the rental market. The neighborhood's B+ rating reflects solid fundamentals across housing, amenities, and location factors that appeal to multifamily tenants.
Property crime rates in the neighborhood are competitive among Los Angeles area neighborhoods, ranking in the middle tier at 535th among 1,441 metro neighborhoods. The area has experienced a modest decline in property crime over the past year, indicating stabilizing conditions.
Violent crime rates are below metro averages, with the neighborhood showing a significant 48% decrease in violent offenses over the past year. This improvement trend supports the area's appeal to quality tenants and contributes to retention fundamentals.
The property benefits from proximity to major corporate employers in the Los Angeles region, providing workforce housing for professionals in energy, utilities, and industrial sectors.
- Chevron — energy services (7.3 miles)
- Edison International — utilities HQ (10.5 miles)
- Ryder Vehicle Sales — transportation services (11.7 miles)
- United Technologies — aerospace & defense (13.8 miles)
- International Paper — manufacturing (14.0 miles)
This 88-unit property offers value-add potential in a neighborhood with strong occupancy fundamentals and growing renter demand. Built in 1979, the vintage presents renovation upside opportunities while the area's 96.8% occupancy rate and top-quartile amenity access support stable cash flows. Multifamily property research indicates the Los Angeles County submarket benefits from elevated home ownership costs that reinforce rental demand.
Demographics within a 3-mile radius project significant household growth through 2028, expanding the tenant pool while maintaining manageable rent-to-income ratios. The neighborhood's urban core classification and proximity to major employers including Edison International headquarters provide workforce housing appeal for quality tenants.
- High neighborhood occupancy at 96.8% indicates strong rental demand fundamentals
- 1979 vintage offers value-add renovation potential in appreciating market
- Projected 40.6% household growth through 2028 supports tenant pool expansion
- Top-quartile amenity access enhances tenant appeal and retention
- Risk: Older building stock may require significant capital expenditures for competitive positioning