| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 79th | Best |
| Amenities | 30th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 651 E 6th St, Claremont, CA, 91711, US |
| Region / Metro | Claremont |
| Year of Construction | 1987 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
651 E 6th St Claremont Multifamily Opportunity
Renter concentration in the surrounding neighborhood is high and median contract rent trends are elevated for the metro, according to WDSuite’s CRE market data. With a 1987 vintage relative to an older local stock, the asset should compete well while leaving room for targeted modernization.
Positioned in Claremont’s inner-suburban fabric of Los Angeles, the property benefits from a renter-occupied share that is high for the metro (59.3% of units are renter-occupied in the neighborhood), indicating depth in the tenant base and support for multifamily leasing. Neighborhood occupancy is lower than most Los Angeles–Long Beach–Glendale neighborhoods, so underwriting should emphasize resident retention and leasing cadence at the submarket level rather than assuming rapid lease-up.
Amenity access is mixed: restaurant density ranks in the 89th percentile nationally and parks access sits around the 90th percentile, while immediate neighborhood counts for cafes, groceries, and pharmacies are limited. For residents, this pattern typically means day-to-day needs are met along nearby commercial corridors rather than within the immediate blocks, which can still support stable renter demand when paired with convenient arterial access.
Within a 3-mile radius, population has inched higher in recent years and households are projected to increase further by 2028, pointing to a gradually expanding renter pool that supports occupancy stability. Median household incomes in the 3-mile area have risen materially, and rent levels are trending upward as well, suggesting pricing power remains manageable from a rent-to-income perspective and can aid renewals more than churn.
The asset’s 1987 construction is newer than the neighborhood’s typical 1960s vintage, giving it a competitive edge versus older stock while still warranting selective system upgrades or cosmetic improvements to reinforce positioning. Median neighborhood contract rent is about $2,130 and sits in a high national percentile; investors should calibrate renewal strategies with this context in mind, using multifamily property research to balance rent growth with retention.
Safety signals are mixed and should be evaluated comparatively rather than block-by-block. The neighborhood sits below the national middle of the pack for overall safety (crime metrics around the 32nd percentile nationally) and ranks toward the higher-crime end of Los Angeles–Long Beach–Glendale (1200 out of 1,441 neighborhoods). Property offenses are elevated versus national norms but have improved year over year, with a notable decline in the most recent period. Violent offense measures are also below national averages by percentile. For underwriting, this typically argues for modestly higher operational attention to security and resident communications, while recognizing recent improvement trends.
Nearby corporate nodes provide a diverse employment base that can support renter demand through commute convenience, led by distribution, environmental services, healthcare supply, consumer foods, and electric utility roles.
- Ryder Vehicle Sales — transportation & fleet services (5.8 miles)
- Waste Management — environmental services (6.8 miles)
- Mckesson Medical Surgical — healthcare supply & distribution (9.7 miles)
- General Mills — consumer foods offices (11.1 miles)
- Edison International — electric utility — HQ (21.9 miles)
651 E 6th St is a 41-unit, 1987-vintage asset positioned against an older neighborhood base, which can provide relative competitiveness while leaving room for selective value-add upgrades to interior finishes and building systems. Neighborhood renter concentration is high, supporting depth of demand; however, neighborhood occupancy trends trail much of the Los Angeles–Long Beach–Glendale metro, so the business plan should emphasize renewals and disciplined leasing. According to CRE market data from WDSuite, median contract rents are high compared with national norms, while rent-to-income ratios remain manageable, an environment that can favor steady retention over aggressive rent pushes.
Within a 3-mile radius, gradual population and household growth points to a larger tenant base ahead, and rising local incomes help sustain demand for well-maintained units. Amenity patterns skew toward strong dining and park access, with everyday retail more concentrated along nearby corridors—an operating context that typically rewards properties with on-site conveniences and responsive management.
- 1987 vintage versus older local stock supports competitive positioning with targeted modernization
- High neighborhood renter-occupied share indicates depth of tenant demand for multifamily housing
- Elevated median rents with manageable rent-to-income ratios support renewal-focused revenue management
- 3-mile population and household growth expands the renter pool, aiding occupancy stability
- Risk: neighborhood occupancy and safety metrics lag metro averages—underwrite for retention, marketing, and security operations