| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 37th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9936 Ramona St, Bellflower, CA, 90706, US |
| Region / Metro | Bellflower |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | 1996-11-07 |
| Transaction Price | $70,000 |
| Buyer | LOMBARDO RICHARD A |
| Seller | CONNELL JAMES J |
9936 Ramona St Bellflower Multifamily Investment
This 25-unit property benefits from strong neighborhood rental demand, with 77.5% of housing units renter-occupied and 96.8% occupancy rates according to CRE market data from WDSuite.
Located in Bellflower's urban core, this neighborhood ranks in the top quartile nationally for rental housing density, with 77.5% of units renter-occupied compared to a 43.9% metro average. The area maintains strong occupancy fundamentals at 96.8%, ranking in the 82nd percentile among 1,441 Los Angeles metro neighborhoods. Median contract rents of $1,637 position the submarket competitively within the broader region while supporting tenant retention.
Built in 1972, this property aligns with the neighborhood's average construction year of 1973, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit quality and rental premiums. The area's amenity infrastructure supports tenant appeal, ranking in the 75th percentile nationally with strong restaurant density and convenient access to grocery stores, pharmacies, and childcare facilities.
Demographics within a 3-mile radius show household income growth of 33.5% over five years to a median of $93,801, supporting rental affordability and lease renewal potential. Population projections indicate modest growth of 1.3% through 2028, with household formation expected to increase 35.1%, expanding the potential renter pool. The rent-to-income ratio remains manageable, though investors should monitor affordability pressures as rents continue to adjust upward.
Property crime rates in the neighborhood rank in the 14th percentile nationally, indicating elevated levels compared to similar urban areas nationwide. However, recent trends show a 7.3% decrease in property crime year-over-year, suggesting improving conditions. Violent crime rates remain above regional averages, ranking in the 11th percentile nationally, though investors should evaluate security measures and tenant screening protocols as part of their due diligence process.
The neighborhood ranks 1,277th among 1,441 metro neighborhoods for overall crime metrics, placing it in the lower half of the Los Angeles region. While safety considerations require attention, the area's strong rental demand fundamentals and occupancy rates indicate that tenants continue to find value in the location despite security concerns.
The surrounding area benefits from proximity to established corporate employers that support workforce housing demand, including aerospace, utilities, and industrial operations within reasonable commuting distance.
- Airgas — industrial gases and welding supplies (2.7 miles)
- Time Warner Business Class — telecommunications services (3.5 miles)
- Raytheon Public Safety RTC — defense and aerospace (3.9 miles)
- Coca-Cola Downey — beverage distribution (4.2 miles)
- Molina Healthcare — healthcare services (8.6 miles) — HQ
This 25-unit Bellflower property capitalizes on strong rental market fundamentals, with neighborhood occupancy rates of 96.8% ranking in the 82nd percentile among Los Angeles metro neighborhoods. The area's 77.5% renter-occupied housing density, ranking in the 99th percentile nationally, indicates sustained rental demand that supports stable cash flows. Built in 1972, the property presents potential value-add opportunities through strategic renovations that could capture rent premiums while benefiting from the neighborhood's improving crime trends and established employment base.
Demographic projections within a 3-mile radius show household formation increasing 35.1% through 2028, expanding the tenant pool while median household income growth of 33.5% over five years supports rental affordability. The property's location in an established urban core provides access to amenities that rank in the 75th percentile nationally, supporting tenant retention in a market where multifamily property research indicates strong rental housing demand fundamentals.
- Exceptional rental density with 77.5% renter-occupied units (99th percentile nationally)
- Strong occupancy fundamentals at 96.8% (82nd percentile among metro neighborhoods)
- Value-add potential through renovations of 1972 vintage property
- Growing household formation (+35.1% projected through 2028) expands tenant base
- Risk consideration: Crime rates require enhanced security measures and tenant screening