| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 78th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 115 N Mountain Ave, Claremont, CA, 91711, US |
| Region / Metro | Claremont |
| Year of Construction | 1990 |
| Units | 84 |
| Transaction Date | 1995-02-01 |
| Transaction Price | $3,800,000 |
| Buyer | EYK |
| Seller | MOUNTAIN VILLAGE ASSOCIATES |
115 N Mountain Ave Claremont Multifamily Investment
This 84-unit property built in 1990 benefits from Claremont's high renter concentration and elevated home values that sustain rental demand. Neighborhood-level occupancy remains stable at 92.7%, according to WDSuite's CRE market data.
This Claremont neighborhood ranks 54th among 1,441 Los Angeles metro neighborhoods with an A+ rating, placing it in the top quartile for overall investment fundamentals. The area maintains a 58.2% renter-occupied housing concentration in the 93rd national percentile, indicating strong multifamily demand depth. Demographic data aggregated within a 3-mile radius shows household growth of 6.1% over five years, with projected expansion of 35.2% through 2028, supporting tenant base expansion and lease-up velocity.
Built in 1990, this property is newer than the neighborhood's 1975 average construction year, providing competitive positioning with reduced near-term capital expenditure needs. Median home values of $989,432 rank in the 97th national percentile, while the value-to-income ratio of 9.6 reinforces rental demand as elevated ownership costs limit accessibility to homeownership. Neighborhood-level occupancy of 92.7% reflects stable absorption trends, though this sits below the metro median among comparable areas.
The area demonstrates strong amenity density with restaurant and cafe concentrations in the 98th and 99th national percentiles respectively, supporting tenant retention through walkable convenience. Schools average 4.0 out of 5 stars, ranking in the 84th percentile nationally. However, rent-to-income ratios of 22% suggest affordability pressure that could influence lease renewal rates and tenant retention strategies.
The neighborhood's crime profile shows mixed trends relevant to tenant appeal and retention. Overall crime ranks 854th of 1,441 metro neighborhoods, placing it near the median for the region. Property crime rates declined 35.6% year-over-year, ranking in the 78th percentile nationally for improvement trends.
Violent crime rates also decreased 46.6% annually, though absolute levels remain elevated compared to regional averages. These improving safety trends may support tenant retention and lease-up velocity, particularly as the area continues to benefit from broader neighborhood investment and development activity.
The employment base includes diverse corporate offices within commuting distance, supporting workforce housing demand and tenant retention through job accessibility.
- Ryder Vehicle Sales — transportation services (5.1 miles)
- Waste Management — environmental services (6.8 miles)
- Mckesson Medical Surgical — healthcare services (9.7 miles)
- General Mills — consumer goods (12.3 miles)
- United Technologies — aerospace & defense (14.7 miles)
This 84-unit Claremont property offers stable fundamentals in a top-quartile Los Angeles metro neighborhood with strong renter demand drivers. The 1990 construction year provides competitive positioning relative to the area's older housing stock, while elevated home values sustain rental demand through limited ownership accessibility. Projected household growth of 35.2% through 2028 supports expanding tenant base and absorption potential.
However, rent-to-income ratios suggest affordability considerations for lease management, and neighborhood-level occupancy trails metro averages. According to multifamily property research from WDSuite, these dynamics require active management strategies but offer value-add potential through operational improvements and selective rent optimization.
- High renter concentration (58.2%) in 93rd national percentile supports demand depth
- Newer vintage (1990) versus neighborhood average (1975) reduces capital expenditure needs
- Projected 35.2% household growth through 2028 expands tenant base
- Elevated home values ($989K median) sustain rental demand through ownership barriers
- Risk: Rent-to-income ratios may pressure tenant retention and renewal rates