| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 48th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 371 N Powell Ave, Azusa, CA, 91702, US |
| Region / Metro | Azusa |
| Year of Construction | 1979 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
371 N Powell Ave Azusa Multifamily Investment
Neighborhood occupancy remains elevated and stable, supporting cash flow durability according to WDSuite s CRE market data. Strong local amenities and a high-cost ownership market reinforce sustained renter demand at this Azusa address.
Located in Azusa s Urban Core (Los Angeles metro), the neighborhood posts a high occupancy level and is in the top quartile nationally for occupancy stability. Renter-occupied housing accounts for a meaningful share of units (above the national median), indicating a deep tenant base that supports leasing velocity and renewal potential. Median rents sit above U.S. norms while rent-to-income levels are comparatively moderate, a mix that supports pricing power without overextending residents.
Everyday convenience is a strength: restaurants and cafes rank in the top few percentiles nationwide, and grocery access is also nationally competitive. Park access is similarly strong. However, nearby childcare and pharmacy options are comparatively limited, which may factor into amenity positioning and resident services strategy. Average school ratings trend slightly above national benchmarks, providing a balanced family appeal.
Home values are elevated versus national benchmarks and value-to-income ratios are among the higher percentiles nationally, signaling a high-cost ownership market that tends to keep renters in multifamily housing longer and supports lease retention. Neighborhood NOI per unit trends are competitive for the metro, aligning with stable operations for well-managed assets.
The property s 1979 vintage is modestly newer than the area s average construction year. This positioning can offer a competitive edge versus older stock, though investors should plan for targeted system upgrades and common-area refreshes to meet current renter expectations. Within a 3-mile radius, WDSuite s data shows recent population growth with faster household formation and projections for additional household increases alongside smaller average household sizes a setup that typically expands the renter pool and supports occupancy durability.
Safety compares favorably in a broader context: the neighborhood performs in the upper third of areas nationwide by WDSuite s safety percentile. It is competitive among Los Angeles neighborhoods (ranked within roughly the better 40% of 1,441 metro neighborhoods). Year over year, both property and violent offense rates have trended down, indicating improving conditions that can support resident retention and marketing narratives.
Regional employment anchors within commuting range support steady renter demand, particularly for workforce and professional households. Nearby employers include Chevron, Ryder, Edison International, Waste Management, and United Technologies.
- Chevron energy operations (8.9 miles)
- Ryder Vehicle Sales logistics and fleet services (11.5 miles)
- Edison International utilities and energy services (12.1 miles) HQ
- Waste Management environmental services (14.4 miles)
- United Technologies aerospace and industrial offices (14.9 miles)
With 60 units built in 1979, this asset offers scale in a neighborhood that ranks in the top quartile nationally for occupancy stability. Elevated home values and a high value-to-income environment indicate a high-cost ownership market that tends to reinforce demand for rentals, while abundant dining, grocery, and park access enhances resident livability and leasing momentum. Based on CRE market data from WDSuite, neighborhood rents sit above U.S. norms alongside comparatively moderate rent-to-income ratios, supporting a balanced revenue outlook.
The 1979 vintage is slightly newer than the local average, suggesting competitive positioning against older inventory; targeted capital planning for systems and common-area modernization can unlock value-add potential. Within a 3-mile radius, recent population growth, rising incomes, and a faster increase in households point to a larger tenant base and support for occupancy durability over the medium term, even as amenity gaps (childcare, pharmacies) and aging components remain watch items.
- Stable neighborhood occupancy and strong renter concentration support leasing and renewals
- High-cost ownership market underpins rental demand and retention
- 1979 vintage allows targeted value-add through system upgrades and common-area refresh
- Amenity-rich location (food, grocery, parks) enhances livability and marketing
- Risks: limited nearby childcare/pharmacy options and aging building components requiring capex