| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 55th | Good |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1551 E Carson St, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 1972 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1551 E Carson St Carson Multifamily Investment
This 74-unit property in Carson benefits from neighborhood-level occupancy rates of 98.4%, ranking in the top quartile nationally. Strong tenant retention fundamentals align with local commercial real estate analysis showing sustained rental demand across the Los Angeles metro.
Carson's multifamily market demonstrates institutional-quality fundamentals, with neighborhood occupancy rates of 98.4% ranking in the 92nd percentile nationally among 1,441 metro neighborhoods. The area maintains an A- neighborhood rating, reflecting balanced demographics and housing stock that supports consistent rental demand. Within a 3-mile radius, the population of approximately 123,000 residents shows stable household formation trends, with median household income of $98,463 providing solid rent coverage for area properties.
The property's 1972 construction year positions it among older housing stock in the neighborhood, where average construction is from 1986. This vintage presents value-add renovation opportunities for investors seeking to enhance unit appeal and capture rent premiums through strategic capital improvements. Median contract rents in the neighborhood reach $2,451, placing the area in the 96th percentile nationally and indicating strong pricing power relative to most markets.
Demographics within the 3-mile radius support multifamily stability, with 30.5% of housing units occupied by renters and forecasted growth showing household counts increasing to nearly 48,000 by 2028. The area's amenity density includes 8.8 restaurants per square mile and adequate childcare and grocery access, supporting tenant retention. Home values averaging $632,389 reinforce rental demand as elevated ownership costs maintain renter reliance on multifamily housing options.
Safety metrics for the Carson neighborhood show mixed performance relative to regional and national comparisons. Property crime rates rank in the lower quartile among Los Angeles metro neighborhoods, though recent trends indicate a 17% year-over-year decline in property offenses. Violent crime rates also show improvement with a 22.9% decrease over the past year, placing the neighborhood above the median for crime reduction trends among metro areas.
Investors should factor these safety considerations into property management strategies and tenant screening processes. The improving crime trends suggest positive momentum, though the neighborhood's current safety profile may influence tenant demographics and retention patterns compared to higher-ranked metro submarkets.
Carson's employment base benefits from proximity to established corporate offices and manufacturing facilities, providing workforce housing opportunities for area employees.
- Air Products & Chemicals — industrial chemicals (1.5 miles)
- Molina Healthcare — healthcare services (5.2 miles) — HQ
- Airgas — industrial gases (5.6 miles)
- Coca-Cola Downey — beverage manufacturing (9.8 miles)
- Mattel — toy manufacturing (10.4 miles) — HQ
The 1551 E Carson St property presents a compelling value-add opportunity within a stabilized rental market. Built in 1972, this 74-unit asset offers renovation upside potential while benefiting from neighborhood occupancy rates of 98.4% that rank in the top decile nationally. According to CRE market data from WDSuite, the Carson submarket maintains median rents of $2,451, placing it in the 96th percentile nationwide and indicating strong pricing power for well-positioned properties.
Demographics within a 3-mile radius show household growth projected to reach nearly 48,000 by 2028, expanding the potential tenant base by approximately 40%. The area's 30.5% renter occupancy rate, combined with median home values of $632,389, reinforces rental demand as elevated ownership costs sustain multifamily housing reliance. Average unit size of 1,111 square feet provides competitive appeal in a market where space efficiency drives tenant retention.
- Neighborhood occupancy of 98.4% ranks in 92nd percentile nationally
- Value-add potential from 1972 vintage in improving submarket
- Projected 40% household growth through 2028 expands tenant base
- Strong rent pricing power with $2,451 median in 96th percentile
- Risk: Safety metrics rank below metro median, requiring active management