| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 55th | Good |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21811 Main St, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 1980 |
| Units | 101 |
| Transaction Date | 2023-05-30 |
| Transaction Price | $33,000,000 |
| Buyer | CARSON GARDENS LP |
| Seller | CARSON GARDENS OWNER LP |
21811 Main St, Carson CA Multifamily Investment
Steady renter demand is supported by a high-cost ownership market and strong neighborhood amenities, according to WDSuite’s CRE market data. For investors, the focus is durable occupancy with room to enhance operations through targeted upgrades.
Carson’s inner-suburban setting combines commuter convenience with day-to-day livability. Amenity access ranks strong nationally, with cafes, groceries, parks, and pharmacies placing the neighborhood in the upper tiers (amenities around the 90th percentile nationwide). Average school ratings trend slightly above the national midpoint, offering a practical draw for family renters without relying on top-tier districts.
Housing dynamics point to a meaningful renter base. The share of renter-occupied units is high relative to neighborhoods nationwide (around the 80th percentile), which supports depth in the tenant pool and helps leasing velocity. Neighborhood occupancy sits below the national median, suggesting some room to differentiate with property-level execution and management.
Within a 3-mile radius, households have grown recently even as total population edged down, indicating smaller household sizes and ongoing demand for rental options. Median incomes in the area are well above national norms, and elevated home values relative to income signal a high-cost ownership market that tends to sustain multifamily demand and retention. Forward-looking data indicates continued income growth and rising asking rents through the forecast period, which can support rent roll performance when paired with disciplined lease management.
Vintage in the neighborhood averages mid-1980s. With a 1980 construction date, this asset is slightly older than the local average—an investor consideration that can translate into targeted value-add and systems modernization to stay competitive against newer stock.
Neighborhood safety indicators are mixed relative to broader benchmarks. Overall crime performance sits near the national middle (around the 48th percentile), and within the Los Angeles-Long Beach-Glendale metro the neighborhood’s crime rank (868 out of 1,441) trails the metro median. Property crime sits in a lower national percentile, indicating comparatively higher property-incident exposure than many U.S. neighborhoods.
Trend data is constructive: both violent and property offense rates have declined over the past year, with improvement outpacing many areas nationwide. For investors, this suggests risk management should emphasize lighting, access control, and parking-area visibility, while noting that recent momentum has been favorable.
Proximity to diversified employers supports a stable renter base and commute convenience. Nearby corporate offices span industrial gases, healthcare, consumer products, and transportation—drivers that can aid leasing and retention at workforce-friendly price points.
- Air Products & Chemicals — industrial gases (2.9 miles)
- Molina Healthcare — healthcare services (6.3 miles) — HQ
- Airgas — industrial gases (7.3 miles)
- Mattel — consumer products (9.0 miles) — HQ
- Southwest Airlines Counter — air transportation offices (10.7 miles)
This 101-unit, 1980-vintage asset in Carson benefits from a renter-heavy landscape and elevated ownership costs that reinforce reliance on multifamily housing. Neighborhood amenities test strong nationally, helping with day-to-day livability and leasing appeal. While neighborhood occupancy trends below the national median, a broad tenant base and solid household incomes within 3 miles support demand and potential pricing resilience, particularly with attentive operations and renewal management. Based on CRE market data from WDSuite, rent levels and incomes have trended upward, pointing to a supportive backdrop for disciplined value creation.
The 1980 construction creates a straightforward value-add path: modernize interiors, address aging building systems, and enhance curb appeal to compete with newer stock. Exposure to a diversified employment base within 3–10 miles underpins absorption and retention. Key risks include neighborhood-level property crime exposure and recent softness in occupancy relative to national norms, both manageable with targeted security measures and hands-on leasing strategy.
- Renter concentration and high-cost ownership market support durable multifamily demand
- Amenity-rich inner suburb with strong national standing for daily conveniences
- 1980 vintage offers clear value-add and systems modernization upside
- Nearby employers across healthcare, industrial gases, consumer products, and air transport bolster leasing
- Risks: below-median neighborhood occupancy and property-crime exposure require focused operations and security