| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 55th | Good |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21735 Main St, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 1992 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21735 Main St Carson Multifamily Investment
This 45-unit property built in 1992 positions investors in a neighborhood ranking in the top quartile among 1,441 Los Angeles metro neighborhoods. Occupancy rates have shown resilience despite recent market adjustments, according to WDSuite's CRE market data.
Carson's Inner Suburb classification reflects a mature residential market with established infrastructure and amenities. The neighborhood ranks 254th among 1,441 Los Angeles metro neighborhoods, placing it in the top quintile for overall investment fundamentals. Local amenity density supports tenant retention, with above-average concentrations of grocery stores, restaurants, and childcare facilities relative to national benchmarks.
Demographics within a 3-mile radius show household income growth of 37% over the past five years, reaching a median of $94,276. The area maintains a balanced age distribution with 23% of residents aged 18-34 and nearly 40% in the prime working-age cohort of 35-64. Population projections indicate modest household formation through 2028, with renter-occupied units expected to increase by approximately 22% as household size trends smaller.
The property's 1992 construction year aligns closely with the neighborhood average of 1984, positioning the asset for targeted value-add improvements without major obsolescence concerns. Neighborhood-level occupancy currently sits at 89.4%, though this reflects recent market softening from previous highs. Median contract rents of $1,557 have grown 47% over five years, demonstrating the area's rental pricing power despite affordability pressures.
Home values averaging $595,331 create a meaningful ownership barrier that supports rental demand, though investors should monitor how rising mortgage rates may affect tenant mobility between rental and ownership markets. The area's 40% rental share indicates a substantial renter base, while schools averaging 3.0 out of 5 provide adequate but not premium educational amenities.
Safety metrics place this Carson neighborhood in the middle tier among Los Angeles metro areas, ranking 868th out of 1,441 neighborhoods for overall crime levels. This translates to the 48th national percentile, indicating average safety conditions compared to neighborhoods nationwide.
Property crime rates show improvement trends, with a 26% decline over the past year bringing the neighborhood above the metro median for crime reduction. Violent crime has similarly decreased by 28% year-over-year, though absolute rates remain elevated relative to premium submarkets. These improving trends suggest positive momentum in local safety conditions, which can support tenant retention and property values over time.
The property benefits from proximity to diverse corporate employers spanning healthcare, industrial, and technology sectors, providing a stable employment base for potential tenants.
- Air Products & Chemicals — industrial gases and chemicals (2.9 miles)
- Molina Healthcare — healthcare services (6.3 miles) — HQ
- Airgas — industrial gases and welding supplies (7.3 miles)
- Mattel — toy manufacturing and entertainment (9.0 miles) — HQ
- Southwest Airlines Counter — airline operations (10.7 miles)
This Carson multifamily asset offers investors exposure to a top-quartile Los Angeles neighborhood with improving fundamentals and demographic tailwinds. The property's 1992 vintage provides renovation upside potential while avoiding major capital expenditure needs associated with older stock. Household income growth of 37% over five years, combined with projected renter pool expansion through 2028, supports demand stability despite current occupancy adjustments.
The location benefits from diverse employment anchors within a 10-mile radius, including healthcare and industrial employers that provide recession-resistant job bases. Rising home values creating ownership barriers, coupled with the area's 40% rental share, indicate sustained rental demand fundamentals. However, investors should carefully evaluate current neighborhood-level occupancy rates and monitor rent growth sustainability given affordability pressures.
- Top quartile ranking among 1,441 Los Angeles metro neighborhoods
- 37% household income growth over five years supporting rent growth potential
- Diverse employment base within 10 miles including healthcare and industrial anchors
- 1992 construction provides value-add opportunities without major obsolescence risk
- Risk: Current occupancy softness and affordability pressures require careful underwriting