| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 34th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1515 E Rosecrans Ave, Compton, CA, 90221, US |
| Region / Metro | Compton |
| Year of Construction | 1986 |
| Units | 86 |
| Transaction Date | 2023-12-21 |
| Transaction Price | $11,000,000 |
| Buyer | KAY-COMPTON INVESTORS LLC |
| Seller | ROSECRANS AVENUE PROPERTY LLC |
1515 E Rosecrans Ave Compton Multifamily Investment
Positioned in an Urban Core pocket of Los Angeles County with steady neighborhood occupancy and strong daily-needs access, this 86-unit asset offers durable renter demand. According to WDSuite s CRE market data, elevated ownership costs nearby support lease retention for well-managed multifamily.
Livability fundamentals are solid for workforce housing. Daily-needs access is a strength: neighborhood grocery density ranks competitive among Los Angeles metro neighborhoods (325th of 1,441) and in the top decile nationally, while restaurants also place in a high national percentile. Caf e9 options are comparatively abundant. By contrast, parks, pharmacies, and childcare are sparse locally, so on-site amenities and services can differentiate the asset.
Neighborhood occupancy is above the national median and consistent with stabilized multifamily submarkets, supporting income durability. Median asking rents in the area sit in the mid-market range with multi-year growth, and average NOI per unit benchmarks in the upper-third nationally, based on CRE market data from WDSuite.
Within a 3-mile radius, about half of housing units are renter-occupied, indicating a deep tenant base and diversified demand across product types. Household counts have edged higher even as population has softened, pointing to smaller household sizes that can expand the renter pool; forecasts continue this trajectory through 2028, with more households and lower average household size, which typically supports occupancy stability.
The property b4s 1986 vintage is newer than the neighborhood b4s older housing stock (average year 1954 across 1,441 metro neighborhoods), offering competitive positioning versus legacy assets. Investors should still plan for systems upgrades and targeted renovations to keep the asset current. Elevated home values in the area reinforce renter reliance on multifamily, while rent-to-income levels suggest manageable affordability pressure that can support retention when paired with disciplined lease management.
Safety indicators sit below national norms and trend toward the lower end among 1,441 Los Angeles metro neighborhoods. Property offenses have eased modestly year over year, but overall crime levels remain higher than many peer areas nationally, so active security measures and resident engagement can be important for retention and operations.
Proximity to industrial and corporate employers supports commuter convenience and renter demand, including Airgas, Coca-Cola Downey, Raytheon Public Safety RTC, Air Products & Chemicals, and International Paper.
- Airgas d industrial gases & services (2.6 miles)
- Coca-Cola Downey d beverage operations (5.0 miles)
- Raytheon Public Safety RTC d defense & technology offices (5.4 miles)
- Air Products & Chemicals d industrial gases & chemicals (6.4 miles)
- International Paper d packaging & paper (8.5 miles)
This 86-unit, 1986-vintage asset benefits from a renter-driven location where neighborhood occupancy trends are above national medians and home values remain elevated, reinforcing reliance on multifamily. The asset b4s newer vintage versus much of the local stock enhances competitive positioning, with scope for targeted value-add to modernize interiors and systems for leasing velocity and retention.
Within a 3-mile radius, households have grown despite modest population slippage, and forecasts indicate more households and smaller average sizes through 2028 dconditions that typically support a larger tenant base and occupancy stability. According to CRE market data from WDSuite, daily-needs access is strong (groceries, restaurants, caf e9s), while limited parks and pharmacies underscore the value of on-site amenities and attentive property management.
- 1986 vintage newer than area stock, offering competitive positioning with targeted upgrade potential
- Neighborhood occupancy above national medians supports income stability
- Elevated ownership costs nearby bolster multifamily demand and lease retention
- Household growth and smaller sizes in 3-mile radius expand the renter pool
- Risks: below-average safety metrics and limited parks/pharmacies call for active management