| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 78th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 284 Carnegie Ave, Claremont, CA, 91711, US |
| Region / Metro | Claremont |
| Year of Construction | 1973 |
| Units | 109 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
284 Carnegie Ave Claremont Multifamily Investment
This 109-unit property built in 1973 benefits from neighborhood-level occupancy rates of 92.7% and strong renter demand in a market where 58.2% of housing units are renter-occupied, according to CRE market data from WDSuite.
This Inner Suburb neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods with an A+ overall rating and 94th national percentile for amenities. The area demonstrates strong renter appeal with 58.2% of housing units occupied by renters, well above typical suburban markets. Contract rents average $1,930 with 51% growth over five years, while neighborhood occupancy maintains 92.7%.
The 1973 construction year aligns with neighborhood averages and presents value-add renovation opportunities for investors seeking to modernize units and capture rent premiums. Demographics within a 3-mile radius show a stable population of 140,836 with projected growth to 145,453 by 2028, supporting continued rental demand. Median household income of $88,720 is forecast to reach $122,518, indicating strengthening tenant purchasing power.
Amenity density supports tenant retention with 35.1 restaurants per square mile (98th national percentile) and 4.9 cafes per square mile (99th national percentile). Schools average 4.0 out of 5 stars, ranking in the 84th national percentile. The neighborhood's median home value of $989,432 reinforces rental demand by keeping ownership costs elevated relative to renting options, sustaining multifamily housing reliance among area households.
Property crime trends show improvement with a 35.6% decline over the past year, placing the neighborhood in the 78th national percentile for crime reduction. Current property crime rates rank 1,344th among 1,441 metro neighborhoods, indicating elevated levels compared to regional averages. Violent crime decreased 46.6% year-over-year, ranking in the 84th national percentile for improvement trends.
While crime metrics remain above metro medians, the consistent downward trajectory in both property and violent offenses suggests stabilizing conditions. Investors should monitor these trends as part of ongoing property management and tenant retention strategies.
The employment base includes diverse corporate offices within commuting distance, supporting workforce housing demand and tenant stability.
- Ryder Vehicle Sales — logistics services (5.2 miles)
- Waste Management — environmental services (6.9 miles)
- Mckesson Medical Surgical — healthcare distribution (9.8 miles)
- General Mills — consumer goods (12.4 miles)
- United Technologies — aerospace & defense (14.7 miles)
This 109-unit property offers stable cash flow fundamentals with neighborhood occupancy at 92.7% and strong renter demand supported by elevated ownership costs. The 1973 vintage presents value-add renovation opportunities to modernize units and capture rent premiums in a market experiencing 51% contract rent growth over five years. Population growth projections and rising household incomes within the 3-mile radius support long-term rental demand expansion.
Commercial real estate analysis from WDSuite indicates the neighborhood ranks in the top quartile regionally for overall investment attractiveness, with exceptional amenity access supporting tenant retention. The area's Inner Suburb classification and A+ rating reflect mature infrastructure and established rental markets, though investors should account for potential capital expenditure needs given the property's age.
- Neighborhood occupancy rate of 92.7% indicates stable rental demand
- Value-add renovation potential with 1973 construction year
- Population growth to 145,453 by 2028 expands tenant base
- High ownership costs at $989,432 median sustain rental reliance
- Property crime trends above metro averages require ongoing monitoring