| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 23rd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2230 S Eastern Ave, Commerce, CA, 90040, US |
| Region / Metro | Commerce |
| Year of Construction | 1981 |
| Units | 94 |
| Transaction Date | 2013-12-03 |
| Transaction Price | $8,600,000 |
| Buyer | Management) |
| Seller | --- |
2230 S Eastern Ave Commerce Multifamily Investment
Stabilized renter demand and tight neighborhood occupancy support predictable operations for a 94‑unit asset in an inner‑suburban Los Angeles location, according to WDSuite’s CRE market data. Vintage offers operational durability with clear pathways for targeted value-add.
Commerce sits in the Los Angeles inner suburbs with everyday conveniences close by. Amenity access is a relative strength: neighborhood data show dense food and grocery options (restaurants and groceries benchmarking in high national percentiles), while pharmacies are available but park space is limited. School ratings average near the low end nationally, which may influence family-oriented renter profiles and unit mix strategy.
Neighborhood occupancy ranks first among 1,441 Los Angeles metro neighborhoods, signaling exceptional stability for existing rentals. Median contract rents in the neighborhood track above U.S. norms, and the rent-to-income profile indicates room for disciplined pricing without overextending affordability, helping lease management and retention.
The 3‑mile radius around the property aggregates to a large renter base (about two-thirds of housing units are renter-occupied), which supports depth of multifamily demand rather than individual preference. While population has contracted over the last five years, household counts are projected to rise and average household size to decline, pointing to smaller households and a broader tenant base for compact floor plans—consistent with the property’s smaller average unit size.
Construction trends show an older local housing stock on average (1960s era), and this asset’s 1981 vintage is newer than the neighborhood norm, offering relative competitiveness versus older comparables while still benefiting from selective modernization for systems and finishes. Elevated home values in the neighborhood—high within national context—suggest a high‑cost ownership market that tends to sustain multifamily demand and supports occupancy stability.
Safety indicators for the neighborhood trend below national medians, meaning it is not among the safer areas nationally. However, both property and violent offense rates have improved year over year (declines in the mid‑single digits), a constructive sign to monitor for investors assessing tenant retention and operating risk. Within the Los Angeles metro, the area compares below metro average on safety, so underwriting should reflect enhanced security, lighting, and community management practices.
Nearby corporate offices provide a diversified employment base within commuting distance, supporting workforce renter demand and lease retention. The closest nodes include consumer products, utilities, aerospace, packaging, and metals distribution.
- Coca-Cola Downey — corporate offices (5.2 miles)
- Edison International — utilities (5.6 miles) — HQ
- Raytheon Public Safety RTC — defense & aerospace offices (5.8 miles)
- International Paper — packaging & paper (5.9 miles)
- Reliance Steel & Aluminum — metals distribution (6.2 miles) — HQ
2230 S Eastern Ave presents a durable, needs‑based rental profile in an inner‑suburban Los Angeles location where neighborhood occupancy ranks at the top of the metro, supporting steady operations and lease renewal potential. Elevated ownership costs in the surrounding neighborhood reinforce reliance on rentals, while the rent-to-income profile suggests manageable affordability pressure that can support disciplined pricing, based on CRE market data from WDSuite.
Built in 1981, the property is newer than much of the local housing stock, which can enhance competitive positioning versus older comparables while leaving room for targeted value‑add—particularly around unit finishes, common areas, and building systems typical of assets from this era. Within a 3‑mile radius, projected growth in household counts despite population contraction points to smaller household sizes and a larger tenant pool for compact units, aligning with the asset’s smaller average unit size.
- Metro‑leading neighborhood occupancy supports income stability and renewal potential.
- High‑cost ownership market sustains renter reliance and demand depth.
- 1981 vintage offers positioning upside via selective modernization and energy/system upgrades.
- 3‑mile outlook shows rising household counts and shrinking sizes, favoring smaller unit demand.
- Risks: safety metrics below metro average and limited park/childcare access warrant proactive property management and amenity programming.