| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 37th | Fair |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14923 Pacific Ave, Baldwin Park, CA, 91706, US |
| Region / Metro | Baldwin Park |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14923 Pacific Ave Baldwin Park Multifamily Investment
This 24-unit property benefits from strong neighborhood occupancy at 98.3% and proximity to major corporate employers, according to CRE market data from WDSuite.
Baldwin Park's urban core neighborhood demonstrates solid fundamentals for multifamily investors, with occupancy rates of 98.3% ranking in the top quartile among 1,441 metro neighborhoods. The area's 46.2% renter-occupied housing units create a stable tenant base, while median household income of $87,241 within a 3-mile radius supports rental demand at current market rates of $1,734.
The neighborhood's 1988 construction year aligns with the area average of 1990, indicating consistent building stock that may present value-add renovation opportunities for investors focused on unit upgrades and modernization. Home values averaging $604,730 sustain rental demand by limiting ownership accessibility for many households, reinforcing tenant retention in the multifamily sector.
Local amenities support tenant appeal with 3.82 grocery stores per square mile ranking in the 93rd percentile nationally, alongside 19.10 restaurants per square mile in the 96th percentile. However, the area shows limited cafe, childcare, and park amenities, which may impact tenant attraction for certain demographics. The neighborhood earned a C rating overall, reflecting mixed performance across livability factors that investors should consider in their underwriting.
Crime data for this Baldwin Park neighborhood is not currently available in the dataset, limiting direct safety comparisons to metro and national benchmarks. Investors should conduct independent due diligence on local crime trends and consider engaging with local law enforcement or security consultants to assess area conditions.
The neighborhood's urban core classification suggests typical density-related considerations that multifamily investors encounter in Los Angeles County markets. Property-level security measures and tenant screening protocols remain important components of risk management regardless of broader area trends.
The property benefits from proximity to several major corporate offices that support local workforce housing demand, with notable employers within commuting distance of Baldwin Park.
- Chevron — energy & oil services (4.5 miles)
- Edison International — utilities & energy services (7.6 miles) — HQ
- International Paper — manufacturing & industrial (10.9 miles)
- United Technologies — aerospace & defense (12.6 miles)
- LKQ — automotive parts & services (12.7 miles)
This 24-unit Baldwin Park property presents a stable cash flow opportunity with neighborhood occupancy of 98.3% ranking in the top quartile among Los Angeles metro neighborhoods. The 1988 construction year offers potential value-add upside through unit renovations and common area improvements, while the area's 46.2% renter-occupied housing units indicate sustained rental demand. Demographic projections show household income growth of 31% expected through 2028, supporting rent growth potential.
The property's location benefits from proximity to major employers including Edison International's headquarters and Chevron operations, providing workforce housing appeal. However, investors should note the neighborhood's C rating reflects mixed amenity access and limited parks or childcare facilities that may affect tenant retention for families.
- Strong occupancy fundamentals with 98.3% neighborhood rate in top quartile
- Value-add potential from 1988 vintage allowing unit modernization
- Proximity to Edison International HQ and major corporate employers
- Household income growth of 31% projected through 2028
- Risk consideration: Limited amenity access may impact family tenant retention