| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 43rd | Fair |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 632 E 219th St, Carson, CA, 90745, US |
| Region / Metro | Carson |
| Year of Construction | 2000 |
| Units | 63 |
| Transaction Date | 2020-01-07 |
| Transaction Price | $6,000,000 |
| Buyer | CARSON TERRACE PARTNERS LP |
| Seller | CARSON TERRACE L P |
632 E 219th St Carson Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by strong retail and service density and a high-cost ownership market, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood, not this property’s operations.
Situated in Carson within the Los Angeles-Long Beach-Glendale metro the neighborhood scores a B with an Urban Core profile. Amenity access is competitive among 1,441 metro neighborhoods (ranked 518), with grocery and dining density in the top tier nationally. This concentration typically supports day-to-day convenience for residents and helps broaden the renter catchment for workforce-oriented properties.
Retail and services are a clear strength: grocery options are abundant and restaurants are numerous relative to national baselines, while cafes are also well represented. By contrast, nearby park and pharmacy counts are limited in the immediate area, which investors may factor into leasing narratives and resident experience programming.
The neighborhood’s renter-occupied share is roughly one-third of housing units, indicating a meaningful but not saturated renter base, and home values are elevated for the U.S. context. In practice, a high-cost ownership market can reinforce reliance on multifamily housing and support pricing power, provided lease management stays attentive to local rent-to-income thresholds. Average school ratings trend below the national mean, which can be a consideration for family renters and may influence unit mix positioning.
For asset positioning, vintage matters: the property’s 2000 construction is slightly newer than the neighborhood average (mid-1990s), which can aid competitive standing versus older stock. Investors should still plan for ongoing systems modernization and common-area updates to sustain leasing velocity.
Demographics aggregated within a 3-mile radius show a largely stable population with a modest increase in households over the last five years and projections pointing to further household growth alongside smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability over time. Neighborhood-level occupancy has trailed stronger parts of the metro in recent years, so durable demand drivers like income growth and household formation will be important to watch.
Safety benchmarks are mixed relative to peers. The neighborhood’s overall crime rank sits in the lower tier among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods (ranked 1,198), and national comparisons place it below the U.S. median for safety. Property and violent offense indicators are likewise weaker than national averages, suggesting investors should underwrite active on-site management, lighting, and access controls to support resident retention.
Framing this comparatively: these figures indicate conditions below the metro median rather than top-quartile performance. Monitoring trend direction, coordinating with local public-safety resources, and emphasizing visibility measures can help mitigate risk and sustain leasing.
Proximity to manufacturing, healthcare, and corporate offices supports a broad commuter tenant base and can aid retention through shorter drive times. Notable nearby employers include Air Products & Chemicals, Molina Healthcare, Airgas, Mattel, and Coca-Cola.
- Air Products & Chemicals industrial gases (2.2 miles)
- Molina Healthcare healthcare services (5.7 miles) HQ
- Airgas industrial gases (6.7 miles)
- Mattel consumer products (9.7 miles) HQ
- Coca-Cola Downey beverage operations (10.8 miles)
This 63-unit asset delivers a practical workforce housing thesis in an amenity-rich Urban Core pocket of Carson. The property’s 2000 construction is slightly newer than the neighborhood average, offering a competitive edge versus older stock while leaving room for targeted modernization to drive rent premiums. Household counts within a 3-mile radius have risen and are projected to continue growing as average household size declines, which typically expands the renter pool and supports occupancy stability.
According to CRE market data from WDSuite, the surrounding neighborhood combines strong consumer-service density and elevated ownership costs a mix that can underpin multifamily demand and pricing power when paired with disciplined leasing. At the same time, neighborhood-level occupancy and safety metrics trail stronger parts of the metro, warranting conservative underwriting and active asset management.
- 2000 vintage provides competitive positioning versus older stock with potential value-add upside
- Amenity-rich Urban Core location with strong grocery and dining density supports leasing
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Elevated ownership costs reinforce reliance on rentals, supporting pricing power with careful lease management
- Risks: below-metro safety and softer neighborhood occupancy call for active management and conservative assumptions