| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 21st | Poor |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6707 E Gage Ave, Commerce, CA, 90040, US |
| Region / Metro | Commerce |
| Year of Construction | 1980 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6707 E Gage Ave Commerce Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for stable operations in an inner-suburban Los Angeles location.
Commerce sits within the Los Angeles-Long Beach-Glendale metro and this neighborhood carries a C- rating with an Inner Suburb profile. The area’s occupancy performance ranks 211 out of 1,441 metro neighborhoods — top quartile nationally and competitive within the metro — signaling durable renter demand at the neighborhood level rather than at the property level. Renter-occupied housing accounts for 57.1% of units in the neighborhood, indicating a sizable tenant base that supports leasing depth for multifamily operators.
Amenity access is mixed but serviceable for daily needs. Grocery access scores in the 95th percentile nationally, and restaurants are comparatively dense (88th percentile), which underpins day-to-day convenience for residents and helps with retention. On the other hand, parks, pharmacies, and childcare options rank at the bottom of metro comparisons, so on-site features and unit finishes may play a larger role in resident satisfaction.
Within a 3-mile radius, demographics point to a slightly smaller population over the last five years while household counts edged higher, with forecasts showing more households and smaller average household sizes by 2028. This pattern tends to expand the renter pool even as population trends soften, supporting occupancy stability and consistent leasing velocity for well-positioned assets.
Ownership is a high-cost proposition locally, with home values elevated versus national benchmarks and a value-to-income ratio near the top of U.S. neighborhoods. This dynamic generally sustains reliance on multifamily housing, helping operators maintain demand and pricing discipline without overreliance on in-migration.
Vintage context matters: the average neighborhood building stock skews older (late 1960s). At 1980 construction, the subject property is somewhat newer than the local average, which can be a competitive advantage versus legacy stock, while still offering potential renovation or systems modernization to enhance positioning.
Safety indicators for the neighborhood are below the metro median, with crime ranks placing the area in the less favorable half among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Compared with neighborhoods nationwide, safety percentiles indicate conditions that are weaker than average. That said, recent trend data shows improvement with year-over-year declines in both property and violent offense estimates, suggesting conditions have been moving in a better direction.
For investors, this calls for pragmatic measures: emphasize lighting, access controls, and resident engagement to support retention and leasing, and underwrite concessions or marketing time conservatively. Monitor continuing trend lines rather than any single-year snapshot.
The immediate area is anchored by a mix of corporate offices and industrial services that support a broad workforce tenant base and commute convenience, including Coca-Cola, Raytheon, International Paper, Airgas, and Edison International.
- Coca-Cola Downey — beverages & distribution (2.8 miles)
- Raytheon Public Safety RTC — defense & technology offices (3.4 miles)
- International Paper — packaging & paper (4.0 miles)
- Airgas — industrial gases & services (6.5 miles)
- Edison International — utilities & energy (6.5 miles) — HQ
6707 E Gage Ave is a 68-unit multifamily asset built in 1980, positioned in an inner-suburban Los Angeles location where neighborhood occupancy trends are top quartile nationally. A renter-occupied share above half of neighborhood housing units points to a broad tenant base, and elevated ownership costs locally reinforce sustained reliance on rentals. Based on CRE market data from WDSuite, neighborhood-level occupancy strength and a deep renter pool support stable leasing and retention potential relative to older nearby stock.
At the 3-mile radius, households have grown modestly despite a slight population dip, with forecasts indicating more households and smaller household sizes ahead — dynamics that typically expand the renter pool and support occupancy. The 1980 vintage is somewhat newer than the local average, creating room for value-add through modernization while maintaining competitive positioning versus older inventory.
- Neighborhood occupancy trends rank in the top quartile nationally, supporting leasing stability
- Renter-occupied share above half indicates depth of demand for multifamily units
- High-cost ownership market sustains rental reliance and pricing discipline
- 1980 construction offers value-add and systems modernization potential versus older local stock
- Risks: below-median safety metrics and limited parks/pharmacy/childcare access may warrant enhanced operations and underwriting conservatism