| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 29th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10152 Alondra Blvd, Bellflower, CA, 90706, US |
| Region / Metro | Bellflower |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | 2006-09-14 |
| Transaction Price | $2,700,000 |
| Buyer | PARK RIDGE APARTMENT CO LP |
| Seller | PLAZA ALONDRA LLC |
10152 Alondra Blvd Bellflower Multifamily Investment
Neighborhood occupancy has trended stable and renter demand is durable, according to WDSuite’s CRE market data, positioning this 20-unit asset to benefit from a deep tenant base in Southeast Los Angeles County.
Bellflower’s Urban Core location offers everyday convenience and supports renter stickiness. Amenity access is above the metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, with neighborhood-level counts for groceries, cafes, and restaurants placing the area in the top quartile nationally. That breadth of services helps sustain leasing velocity and day-to-day livability for residents.
At the neighborhood level, multifamily occupancy is 95.2% (above the national median), and average NOI per unit ranks in the top quintile nationally, based on CRE market data from WDSuite. The share of renter-occupied housing units is in the top quartile among 1,441 metro neighborhoods, indicating a sizable tenant pool and supporting demand stability for smaller assets.
Within a 3-mile radius, demographic statistics show a modest population dip over the last five years alongside a small increase in households, with forecasts pointing to further household growth and smaller average household sizes. This pattern typically expands the renter pool and can support occupancy stability even as the population flattens. Rising median incomes (with continued growth projected) reinforce the depth of demand, while rent growth expectations suggest ongoing pricing power will depend on unit quality and management execution.
Ownership costs are elevated versus national norms, with home values in the upper national percentiles and a high value-to-income ratio. In practice, this high-cost ownership market tends to reinforce reliance on rental options, benefiting multifamily retention. Conversely, the neighborhood’s lower average school ratings may make family-oriented leasing more competitive and places a premium on property-level amenities and resident experience to drive renewals.
Safety conditions should be evaluated with care. The neighborhood’s crime rank is 1,204 out of 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, indicating higher crime levels than many parts of the metro, and national comparisons sit below the median for safety.
Recent trend signals are mixed: estimated violent offense rates have improved year over year, while property offenses show a modest uptick, according to WDSuite’s CRE market data. For investors, this favors prudent security planning, strong lighting and access controls, and resident engagement to support retention and protect operating performance.
The employment base nearby skews toward industrial, telecom, and distribution, supporting workforce housing demand and commute convenience for residents of Bellflower. Notable employers within a short drive include Raytheon, Airgas, Coca-Cola, Time Warner Business Class, and LKQ.
- Raytheon Public Safety RTC — defense technology (2.7 miles)
- Airgas — industrial gases (2.9 miles)
- Coca-Cola Downey — beverage bottling and distribution (3.1 miles)
- Time Warner Business Class — telecom services (3.5 miles)
- LKQ — auto parts distribution (4.7 miles)
10152 Alondra Blvd is a 20-unit, 1976-vintage asset in Bellflower that benefits from a renter-heavy neighborhood, stable occupancy, and strong retail and service coverage that supports day-to-day livability. The 1976 construction is somewhat newer than the area’s average vintage, offering relative competitiveness versus older stock while still presenting potential upside from targeted system upgrades and modernization.
According to CRE market data from WDSuite, neighborhood occupancy is above national norms and renter concentration is high, suggesting a durable tenant base. Within a 3-mile radius, household counts are increasing and are projected to rise further even as average household size declines, which typically supports multifamily demand and leasing stability. Elevated home values in the area tend to sustain reliance on rentals, while school quality and safety comparisons warrant tighter asset management and resident experience strategies to drive retention.
- Renter-heavy neighborhood and above-median occupancy support stable leasing
- 1976 vintage is relatively newer than nearby stock, with value-add and modernization potential
- Household growth within 3 miles and rising incomes point to a deeper tenant base
- Risks: below-median safety and weaker school ratings require stronger resident experience and security planning