| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 40th | Fair |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2347 E El Segundo Blvd, Compton, CA, 90222, US |
| Region / Metro | Compton |
| Year of Construction | 1973 |
| Units | 76 |
| Transaction Date | 2004-12-01 |
| Transaction Price | $4,100,000 |
| Buyer | LUTHERAN GARDENS LP |
| Seller | LUTHERAN GARDENS CORP |
2347 E El Segundo Blvd, Compton Multifamily Investment
Neighborhood occupancy is elevated and renter demand is supported by a sizable renter-occupied base, according to WDSuite’s CRE market data. These conditions point to stable leasing fundamentals at the neighborhood level rather than at the individual property.
Located in Compton within the Los Angeles-Long Beach-Glendale metro, the neighborhood scores a C rating and sits above the metro median on occupancy, with neighborhood occupancy around the mid-90s. Rents in this area trend in the upper quartile nationally, while home values are characteristic of a high-cost Southern California ownership market. For multifamily investors, this combination generally supports depth of tenant demand and lease retention.
Amenities are mixed: grocery and park access test well versus national comparisons (both in strong national percentiles), while cafes and pharmacies are comparatively sparse. Restaurant density performs well relative to neighborhoods nationwide. Average school ratings are solid for the metro context and track in a stronger national percentile, which can aid family retention and longer tenancies.
Tenure data indicate a meaningful renter concentration, with the neighborhood’s share of renter-occupied housing units ranking in the top quartile nationally. This suggests a deep tenant base for workforce-oriented product. The property’s 1973 vintage is newer than the area’s older housing stock (average construction year is early-1950s), which can offer relative competitiveness versus older assets, though investors should still plan for system modernization and common-area upgrades as part of capital planning.
Within a 3-mile radius, demographics show modest population softness in recent years but an increase in household counts and a projected decline in average household size. For investors, that translates to more, smaller households over time and a potential renter pool expansion that can support occupancy stability and leasing velocity, based on CRE market data from WDSuite.
Ownership costs run high relative to incomes by national standards, a dynamic that often reinforces renter reliance on multifamily housing in the Los Angeles region. This backdrop can help sustain pricing power and reduce turnover risk when paired with consistent neighborhood occupancy.
Safety indicators for the neighborhood track below national averages, with national percentiles that reflect higher-than-typical crime relative to neighborhoods nationwide. Recent trends are mixed: property-related offenses show a year-over-year decline, while violent offense estimates increased over the same period. Investors commonly address this with well-lit common areas, access controls, and active property management to support resident retention.
Relative positioning should be viewed in context of the Los Angeles metro’s urban core dynamics, and trend monitoring is advisable as part of underwriting and asset management.
Nearby employment centers include industrial, beverage, aerospace/public safety, specialty gases, and consumer products employers that help support a local renter base and commute convenience for workforce housing. The list below reflects employers in proximity that can underpin demand.
- Airgas — industrial gases (4.3 miles)
- Coca-Cola Downey — beverage bottling/distribution (6.1 miles)
- Raytheon Public Safety RTC — defense/public safety operations (6.5 miles)
- Air Products & Chemicals — specialty chemicals (7.1 miles)
- Mattel — consumer products (9.3 miles) — HQ
This 76-unit property, built in 1973, benefits from neighborhood fundamentals that favor renter demand: high neighborhood occupancy, rents that benchmark in a stronger national percentile, and an ownership landscape typical of high-cost Los Angeles submarkets. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share is elevated nationally, supporting depth of tenant demand and lease-up resilience. The 1973 vintage is newer than much of the area’s housing stock, offering relative competitiveness versus older assets, though prudent capital plans should anticipate modernization of building systems and common areas.
Within a 3-mile radius, households have increased and are projected to expand further as average household size declines—dynamics that can enlarge the renter pool even amid modest population contraction. Elevated home values relative to incomes further reinforce reliance on rental housing, which can support occupancy stability and pricing discipline for well-managed assets.
- High neighborhood occupancy and above-median rents suggest durable leasing conditions
- Renter-occupied share ranks in a stronger national tier, indicating a deep tenant base
- 1973 vintage is newer than local stock, with value-add potential through targeted modernization
- High-cost ownership market supports renter reliance and potential pricing power
- Risks: below-average national safety metrics and uneven amenity depth warrant active property management