| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 20th | Poor |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1929 E 122nd St, Compton, CA, 90222, US |
| Region / Metro | Compton |
| Year of Construction | 1980 |
| Units | 60 |
| Transaction Date | 2013-12-17 |
| Transaction Price | $6,010,060 |
| Buyer | WLCAC RAMONA ESTATES LP |
| Seller | RAMONA ESTATES INC |
1929 E 122nd St Compton Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep in this Urban Core pocket of Los Angeles County, according to WDSuite’s CRE market data. The thesis centers on stable leasing dynamics at the neighborhood level rather than the specific asset supportive for long-term hold strategies.
Situated in the Los Angeles-Long Beach-Glendale metro, the neighborhood surrounding 1929 E 122nd St skews Urban Core with leasing metrics that are above metro median. Neighborhood occupancy is high (ranked near the top among 1,441 metro neighborhoods), indicating consistent tenant absorption and renewal potential, per commercial real estate analysis from WDSuite.
Livability is mixed but workable for workforce renters: restaurants and parks score in higher national percentiles, and grocery access is comparatively solid, while cafes and pharmacies are limited. Average school ratings sit around the metro middle, offering neither a premium draw nor a deterrent for leasing.
Tenure patterns support multifamily demand: the neighborhood shows a high share of renter-occupied housing units, which broadens the local tenant base and can help support occupancy stability through cycles. Elevated home values relative to incomes (top national percentiles) point to a high-cost ownership market that tends to reinforce reliance on rental housing, which can aid pricing power but warrants careful lease management.
Within a 3-mile radius, recent trends show a small decline in population alongside a modest increase in household counts, signaling smaller household sizes and steady renter pool formation. Looking forward, WDSuite data indicates continued growth in household counts and higher incomes by 2028, which supports effective rent potential and renewal performance even as affordability pressure must be monitored.
Vintage matters: built in 1980, the asset is newer than much of the surrounding housing stock (many properties date to the 1950s). That positioning can be competitive versus older inventory, while still calling for targeted capital planning for systems, common areas, and interiors to capture value-add upside.
Safety trends are below metro average for this neighborhood relative to the Los Angeles-Long Beach-Glendale area. The neighborhood ranks in the weaker cohort among 1,441 metro neighborhoods and sits in the lower national percentiles for safety, indicating investors should underwrite security measures, operating protocols, and potential insurance implications rather than assume premium risk-adjusted performance.
Recent year-over-year estimates show property and violent incidents trending unfavorably at the neighborhood level; while not property-specific, these conditions suggest prudent allowances for tenant safety investments, lighting, access control, and partnership with local resources. Comparatively, this area is not top quartile nationally, so risk-adjusted returns should reflect these dynamics.
Nearby employment is anchored by industrial gases, beverage bottling, defense-related offices, and a major toy headquarters, supporting commuter convenience and a broad renter base likely to value proximity over long-distance travel.
- Airgas industrial gases (4.9 miles)
- Coca-Cola Downey beverages (6.5 miles)
- Raytheon Public Safety RTC defense & aerospace offices (7.0 miles)
- Air Products & Chemicals industrial gases (7.5 miles)
- Mattel toys (8.8 miles) HQ
This 60-unit, 1980-vintage multifamily property benefits from a neighborhood with high renter concentration and strong occupancy, supporting stable leasing and renewal prospects. Elevated ownership costs in the area sustain reliance on rental housing, while household growth within a 3-mile radius broadens the tenant base even as affordability pressure should be managed through thoughtful rent-setting and renewal strategy.
According to CRE market data from WDSuite, the surrounding neighborhood’s occupancy ranks near the top of the metro and home values benchmark well above national medians, reinforcing a rental-first dynamic. The 1980 vintage offers competitive positioning versus older local stock, with clear value-add pathways through systems modernization and interior upgrades to strengthen rent premiums and reduce downtime.
- High neighborhood occupancy and deep renter base support leasing stability
- 1980 vintage positioned for targeted value-add and operating efficiency gains
- Elevated ownership costs reinforce renter demand and potential pricing power
- 3-mile household growth and rising incomes expand the tenant pool over time
- Risks: below-metro safety profile and affordability pressure require active management