| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 55th | Good |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21227 Figueroa St, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 2013 |
| Units | 40 |
| Transaction Date | 2012-12-05 |
| Transaction Price | $1,345,013 |
| Buyer | CARSON FAMILY HOUSING LP |
| Seller | THE CARSON HOUSING AUTHORITY |
21227 Figueroa St Carson 2013 Multifamily Investment
Newer construction in an amenity-rich inner suburb supports steady renter demand, according to WDSuite’s CRE market data. One clear investor angle here is competitive positioning versus older nearby stock, which can aid leasing and retention.
Located in Carson’s Inner Suburb context within the Los Angeles-Long Beach-Glendale metro, the neighborhood rates A- and is competitive among metro peers. Amenity access scores in the top quartile nationally, with cafes, restaurants, groceries, parks, and pharmacies all measuring strong for the neighborhood — helpful for day-to-day renter convenience and leasing appeal (per WDSuite).
Local housing stock skews older (average 1984), while this property’s 2013 vintage is newer than the neighborhood norm. For investors, that typically translates to fewer near-term capital needs and stronger curb appeal versus older comparables, while still budgeting for system updates as the asset approaches mid-life.
Within a 3-mile radius, demographic data indicate modest population contraction alongside an increase in households and smaller average household sizes. This pattern often expands the tenant base by creating more households, supporting stabilization of occupancy and a deeper pool of prospective renters.
Home values in the neighborhood rank in the upper tier nationally, signaling a high-cost ownership market. In practice, elevated entry costs for buyers tend to reinforce reliance on rental housing, which can support lease retention and pricing power for well-maintained multifamily assets. Neighborhood schools average around mid-to-above-national levels, adding to livability considerations for larger units and family renters.
Neighborhood safety indicators sit around the national midpoint overall, and recent WDSuite readings show year-over-year decreases in both property and violent offense rates. In the Los Angeles-Long Beach-Glendale metro context (1,441 neighborhoods), this area trends below the metro median but with a constructive downward trend in incidents.
For underwriting, this suggests a balanced view: acknowledge metro-relative positioning while recognizing improving directionality that can aid residential stability when paired with professional on-site management and standard security measures.
Proximity to a diversified employment base supports renter demand and commute convenience, notably among manufacturing/industrial gases, healthcare administration, consumer products, and airlines operations represented below.
- Air Products & Chemicals — industrial gases (3.5 miles)
- Molina Healthcare — healthcare administration (6.9 miles) — HQ
- Airgas — industrial gases (7.5 miles)
- Mattel — consumer products (8.4 miles) — HQ
- Southwest Airlines Counter — airline operations (10.1 miles)
Built in 2013 with 40 units, 21227 Figueroa St offers a newer-vintage alternative to an area where the average construction year is 1984. That age delta can enhance competitive positioning and reduce immediate capital intensity versus older stock, while planning for routine system modernization over the hold. Within a 3-mile radius, households have increased as average household size declines, pointing to a larger tenant base over time. Coupled with elevated neighborhood home values, this supports sustained reliance on multifamily rentals. Rents have trended upward historically and are projected to continue rising, according to CRE market data from WDSuite, which can underpin revenue growth when paired with asset-level execution.
Neighborhood-level occupancy has softened versus prior years, so asset performance will hinge on hands-on leasing, unit turn efficiency, and renewal management. The property’s larger average unit size can appeal to family renters drawn by local amenities and mid-level schools, supporting lease retention and stabilizing operations.
- Newer 2013 vintage versus older neighborhood stock reduces near-term capex and improves competitive positioning
- Household growth within 3 miles and smaller household sizes expand the renter pool and support occupancy stability
- High-cost ownership environment reinforces renter demand and supports pricing power for well-managed assets
- Upward rent trajectory, per WDSuite data, offers revenue potential with disciplined lease and renewal strategy
- Risk: neighborhood occupancy softness and mid-pack safety require focused operations and resident retention tactics