| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 43rd | Fair |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 425 E Carson St, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 2012 |
| Units | 65 |
| Transaction Date | 1996-10-31 |
| Transaction Price | $254,908 |
| Buyer | FIRST SAMOAN FULL GOSPEL PENTECOSTAL CHU |
| Seller | JEFFERS JOE |
425 E Carson St Carson Multifamily 2012 Vintage, 65 Units
Newer 2012 construction positions this asset competitively versus older local stock, with neighborhood NOI per unit trends in the top quartile nationally according to WDSuite s CRE market data.
Located in Carson a0(Los Angeles County), the neighborhood carries a B rating and Urban Core profile. Grocery and dining access perform strongly a0 Top quartile among 1,441 metro neighborhoods for both grocery and restaurant density, and competitive among Los Angeles neighborhoods for cafes and childcare. Parks and pharmacies are limited within the immediate neighborhood, which may modestly affect lifestyle appeal for some residents, but daily-needs convenience remains a strength.
From a housing context, the average construction year across nearby stock is 1995, while this property a0(2012) is newer than the area norm supporting relative competitiveness against older assets. Investors should still plan for selective modernization over time to preserve positioning.
Renter concentration in the neighborhood is about one-third of housing units, and within a 3-mile radius renters account for roughly a similar share. This depth supports a consistent tenant base, though neighborhood occupancy trends are below metro median and have softened in recent years, suggesting the need for disciplined leasing and renewal management. According to WDSuite s commercial real estate analysis, neighborhood operating income performance remains favorable relative to national peers, helping offset some leasing friction at the submarket level.
Demographics within a 3-mile radius show modest population growth in recent years with a projected increase in households and smaller average household sizes by 2028 dynamics that typically expand the renter pool and support occupancy stability. Household incomes have risen and are projected to continue increasing, while median contract rents are also projected to rise, which can enhance revenue potential but warrants attention to affordability pressure in renewal strategies.
Homeownership costs in the neighborhood are elevated relative to income (high national percentile for home values and value-to-income ratio). In practice, a high-cost ownership market can sustain reliance on multifamily housing, supporting demand depth and lease retention for well-positioned assets.
Safety indicators sit below national averages, placing the neighborhood in the lower tiers nationally for both property and violent offense rates. Within the Los Angeles metro (1,441 neighborhoods), crime ranks are also below the metro median, so investors should underwrite appropriate security measures and insurance assumptions.
Recent year-over-year readings show modest increases in both property and violent offense estimates. While these are neighborhood-level indicators rather than property-specific data points, monitoring trend direction and coordinating proactive site-level protocols (lighting, access control, and community engagement) can help support leasing and retention.
Proximity to diversified employers supports a broad renter base and manageable commute times, led by Air Products & Chemicals, Molina Healthcare, Airgas, Mattel, and Coca-Cola. This mix of industrial, healthcare, consumer products, and corporate roles can bolster leasing stability.
- Air Products & Chemicals industrial gases (2.5 miles)
- Molina Healthcare healthcare services (6.0 miles) HQ
- Airgas industrial gases (6.8 miles)
- Mattel toys & consumer products (9.3 miles) HQ
- Coca-Cola Downey beverages (10.8 miles)
Built in 2012 with 65 units averaging roughly 1,178 square feet, this asset offers a newer-vintage profile versus nearby housing stock, supporting competitive positioning and reduced near-term capital needs relative to older comparables. Neighborhood fundamentals show strong daily-needs access and top-quartile operating income performance nationally, while occupancy runs below metro medians implying investors should focus on active leasing management and product differentiation.
Within a 3-mile radius, population has edged up and households are projected to increase with smaller average sizes, which typically expands the renter pool. Rising household incomes and forecast rent growth can support revenue, but affordability pressure and below-average school ratings argue for thoughtful amenity programming and renewal strategies. According to CRE market data from WDSuite, elevated ownership costs in this part of Los Angeles reinforce renter reliance on multifamily housing, a tailwind for stabilized demand in well-managed properties.
- 2012 construction competitive versus older local stock; plan targeted modernization over time
- Strong daily-needs access (grocery/dining top quartile metro-wide) aids leasing and retention
- Expanding household counts and smaller sizes within 3 miles support a larger tenant base
- Elevated ownership costs sustain renter demand, supporting long-term occupancy
- Risks: below-metro occupancy and safety metrics; manage with pricing discipline, security, and renewals