| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 45th | Fair |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1207 N Sunflower Ave, Covina, CA, 91724, US |
| Region / Metro | Covina |
| Year of Construction | 1988 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1207 N Sunflower Ave, Covina Multifamily Investment
Neighborhood occupancy is in the high-90s with rents positioned in the upper national tiers, according to WDSuite’s CRE market data, supporting a steady tenant base and consistent leasing for this 44-unit asset.
Situated in Covina within Los Angeles County’s urban core, the property benefits from a neighborhood occupancy rate of 96.7% (top quintile nationally), indicating stable leasing conditions at the neighborhood level. Median asking rents in the area benchmark around the 90th percentile nationwide, which signals durable pricing power for well-maintained product.
The neighborhood’s amenity mix is favorable for daily needs and dining, with restaurant and grocery densities in the low- to mid-90th national percentiles. However, park and pharmacy counts are limited within neighborhood boundaries, so residents rely more on nearby submarkets for those services—an operational consideration for positioning and marketing.
Construction stock in the neighborhood skews to an average year of 1979. With a 1988 vintage, this property is newer than the local average, offering relative competitiveness versus older buildings while still warranting targeted updates as systems age—useful for value-add planning rather than full-scale repositioning.
Renter-occupied housing accounts for roughly 36% of units in the neighborhood (above the metro median among 1,441 Los Angeles–area neighborhoods), suggesting a meaningful, if not dominant, renter base that can support occupancy. Within a 3-mile radius, households have trended up while average household size has edged down, which can expand the renter pool and support ongoing demand for multifamily units.
Safety indicators are broadly around the national middle. The neighborhood’s overall safety sits slightly above the national median, and it performs competitively among Los Angeles neighborhoods (ranked near the middle out of 1,441). Recent year-over-year declines in both violent and property offense estimates point to improving conditions rather than deterioration.
As always, block-level dynamics vary in large metros. Investors should underwrite to micro-location factors—visibility, lighting, access control, and onsite management—while noting the broader trend direction is favorable compared with last year.
Proximity to established corporate employers supports workforce housing demand and commute convenience. Nearby nodes include transportation services, energy, environmental services, and diversified industrial offices noted below.
- Ryder Vehicle Sales — transportation services (8.6 miles)
- Chevron — energy offices (10.6 miles)
- Waste Management — environmental services (11.5 miles)
- United Technologies — diversified industrial offices (13.1 miles)
- Edison International — utilities & energy (13.8 miles) — HQ
This 44-unit property built in 1988 benefits from neighborhood occupancy around the high-90s and rent levels that rank high nationally—factors that typically support income stability and measured rent growth for competitive assets. The vintage is newer than the area’s average building stock, positioning the asset well versus older comparables while still offering targeted renovation or systems upgrades for value-add returns. Home values sit in elevated national percentiles locally, which tends to sustain reliance on rental housing and supports pricing power relative to ownership alternatives.
Within a 3-mile radius, households are expanding even as average household size trends lower, indicating more household formations and a potentially larger renter pool. According to CRE market data from WDSuite, neighborhood renter-occupied share is meaningful but not dominant, suggesting steady demand with a focus on operations, unit finishes, and amenities to compete successfully with newer or professionally upgraded stock.
- High neighborhood occupancy and upper-tier rent positioning support income stability
- 1988 vintage is newer than local average, enabling targeted value-add upgrades
- Elevated ownership costs locally reinforce renter reliance and pricing power
- 3-mile household growth and smaller household sizes expand the renter pool
- Risks: limited parks/pharmacies in-neighborhood and a renter base that is meaningful but not dominant