| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 55th | Good |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21740 Figueroa St, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 1972 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21740 Figueroa St Carson Multifamily Investment
This 42-unit Carson property benefits from strong household income growth and established rental demand in an amenity-rich inner suburb, according to CRE market data from WDSuite.
Carson's inner suburban character combines accessibility with residential stability, ranking in the top quartile nationally for amenity density. The neighborhood demonstrates solid fundamentals with a median household income of $111,551 and 40% renter-occupied housing units, supporting consistent demand for multifamily properties.
Built in 1972, this property represents the neighborhood's established housing stock, which averages 1984 construction. The vintage positions the asset for potential value-add opportunities while maintaining competitive positioning within the local market. Demographic data within a 3-mile radius shows household income growth of 78% over five years, with median incomes reaching $95,240, indicating strengthening tenant quality and retention potential.
The area maintains strong amenity access with 3.89 cafes and 2.92 grocery stores per square mile, both ranking in the top decile nationally. Current neighborhood occupancy of 89.4% reflects typical market conditions, while median rents of $1,557 provide reasonable affordability with rent-to-income ratios supporting tenant retention. Schools average 3.0 out of 5 stars, positioning above the metro median for family appeal.
Forward-looking demographics project continued household formation, with renter-occupied units expected to increase from 12.1% to 14.6% by 2028. Median household income forecasts suggest growth to $134,834, reinforcing the tenant base's capacity for stable rent payments and potential for measured rent growth.
Property crime rates in the neighborhood show improvement trends, with a 26% decline year-over-year, ranking in the 70th percentile nationally for crime reduction. Violent crime rates also decreased 27.5% annually, indicating positive momentum in public safety metrics.
While absolute crime levels remain above metro averages, the consistent downward trajectory suggests neighborhood stability is improving. Current property crime rates rank 1,206th among 1,441 metro neighborhoods, placing the area in the middle tier with room for continued improvement as community investment continues.
Carson's location provides access to diverse employment centers including healthcare, manufacturing, and corporate offices within commuting distance, supporting workforce housing demand.
- Air Products & Chemicals — industrial gases and chemicals (3.3 miles)
- Molina Healthcare — healthcare services (6.6 miles) — HQ
- Airgas — industrial gases distribution (7.7 miles)
- Mattel — toy manufacturing and design (8.7 miles) — HQ
- Southwest Airlines Counter — aviation services (10.4 miles)
This Carson multifamily property offers exposure to Los Angeles County's established rental market with improving fundamentals. The 1972 construction year positions the asset for value-add strategies while benefiting from a neighborhood experiencing income growth and stable occupancy. Strong amenity access and proximity to major employers support tenant retention, while demographic projections indicate expanding renter demand through 2028.
According to multifamily property research from WDSuite, the combination of reasonable rent-to-income ratios, declining crime trends, and forecast household growth creates a foundation for steady performance. The 42-unit scale provides operational efficiency while maintaining manageable capital expenditure requirements typical of early 1970s vintage properties.
- Strong household income growth trajectory supporting tenant quality and retention
- Top quartile national amenity density enhancing tenant appeal and lease-up velocity
- Value-add potential from 1972 vintage with established neighborhood positioning
- Projected renter pool expansion through 2028 supporting occupancy stability
- Risk consideration: Property requires evaluation of deferred maintenance and capital improvement needs typical of 50+ year vintage