| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 55th | Good |
| Amenities | 91st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 521 W 218th Pl, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2022-01-11 |
| Transaction Price | $10,400,000 |
| Buyer | FRIEND N BUDDY GROUP LLC |
| Seller | BACHE APARTMENTS-LA LLC |
521 W 218th Pl Carson Multifamily Investment
Neighborhood renter demand is supported by a high-cost ownership market and strong amenity access, according to WDSuite’s CRE market data. Expect stable leasing interest from a broad tenant base with incomes that help sustain rent levels.
Carson’s Inner Suburb location offers everyday convenience that helps with resident retention. The neighborhood scores well for amenities relative to the Los Angeles-Long Beach-Glendale metro, with dense access to restaurants, cafes, groceries, parks, and pharmacies (top decile nationally on several of these), based on commercial real estate analysis from WDSuite. Average school ratings are moderate, which is typical for many inner-ring communities in the metro.
The neighborhood’s renter-occupied share is elevated versus many areas nationwide, indicating a deeper tenant pool and sustained multifamily demand. By contrast, neighborhood residential occupancy sits below the metro median; operators should underwrite to competitive lease-up and renewal strategies rather than outsized absorption. These metrics reflect neighborhood conditions, not the property specifically.
Within a 3-mile radius, household counts have edged higher in recent years and are projected to continue increasing even as population trends level off, pointing to smaller average household sizes and a broader base of potential renters. Incomes in the radius are relatively strong for the region, and rent levels sit near the middle of local ability to pay, supporting lease retention and measured pricing power.
Ownership costs are elevated for the area relative to incomes, which tends to reinforce reliance on rental housing and supports ongoing demand for well-managed apartments. For investors, this combination of amenity depth, renter concentration, and income capacity can translate into consistent day-to-day operations, provided marketing and unit finishes remain competitive.
Safety indicators for the neighborhood track close to national mid-range levels, with crime conditions weaker than the metro median but improving year over year. Recent data shows both violent and property offense rates declining at a pace that outperforms many neighborhoods nationally, according to WDSuite.
In practical terms, investors should view safety as mixed but trending better: not a top-quartile location for safety today, yet showing meaningful directional improvement. As always, crime can vary by block and over time; underwriting should incorporate current comps and management practices that emphasize lighting, access control, and resident engagement.
- Air Products & Chemicals — corporate offices (3.3 miles)
- Molina Healthcare — corporate offices (6.6 miles) — HQ
- Airgas — corporate offices (7.6 miles)
- Mattel — corporate offices (8.7 miles) — HQ
- Southwest Airlines Counter — corporate offices (10.5 miles)
Built in 1973, this 24-unit asset is older than the neighborhood average vintage, suggesting clear opportunities for value-add and targeted capital planning to sharpen competitive positioning against newer stock. The immediate area combines strong amenity access with higher renter concentration, while home values relative to incomes indicate a high-cost ownership market that tends to support multifamily demand. Neighborhood residential occupancy trails the metro median, so performance will favor operators who pair practical renovations with disciplined leasing.
According to CRE market data from WDSuite, amenity density ranks among the stronger cohorts nationally and local incomes provide support for rent levels without pushing rent-to-income ratios into elevated risk territory for the area. Near-term risk centers on neighborhood-level occupancy and safety that is around national mid-range but improving; upside comes from renovation-driven differentiation and the depth of the renter pool within a 3-mile radius.
- 1973 vintage offers value-add and systems modernization potential to out-compete older peers
- High-cost ownership market reinforces rental demand and supports retention
- Strong amenity access and solid incomes underpin consistent day-to-day leasing
- Household growth within 3 miles expands the renter base even as household sizes trend smaller
- Risks: neighborhood occupancy below metro median and safety near national mid-range require attentive management