| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 52nd | Fair |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 W Rowland St, Covina, CA, 91723, US |
| Region / Metro | Covina |
| Year of Construction | 1974 |
| Units | 90 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 W Rowland St, Covina Multifamily Investment
Neighborhood occupancy is solid and renter demand is deep for this 90-unit asset, according to WDSuite’s CRE market data. Elevated ownership costs in the area help sustain the renter pool and support cash flow durability.
Located in Covina’s Urban Core (neighborhood rating: B-), the immediate area shows strong renter fundamentals for multifamily. Neighborhood occupancy is in the top quartile nationally, indicating steady lease-up and reduced downtime versus many U.S. sub-neighborhoods, based on CRE market data from WDSuite. The share of housing units that are renter-occupied is high at the neighborhood level, signaling a deep tenant base and potential leasing stability.
Livability drivers are practical and convenience-oriented. Grocery access ranks in the 86th percentile nationally and pharmacies in the 98th percentile, while restaurants are in the 92nd percentile — a mix that supports daily needs and resident retention. Average school ratings sit slightly above national norms (around the 61st percentile), a neutral-to-supportive factor for family renters.
Home values in the neighborhood are high relative to the nation (93rd percentile), creating a high-cost ownership market that tends to sustain multifamily demand and can support pricing power with disciplined lease management. Meanwhile, rent-to-income in the neighborhood skews relatively manageable (low national percentile), which can reduce affordability pressure and support retention. For investors conducting multifamily property research, this context suggests room to optimize rents with careful attention to renewal strategies.
Vintage context matters: the neighborhood’s average construction year is 1966, while this property was built in 1974. Being newer than much of the surrounding stock can be a competitive edge against older assets; however, systems from the 1970s may still warrant targeted modernization to enhance operating efficiency and strengthen positioning. Notably, 3-mile radius demographics show households have grown even as average household size declined, pointing to a larger number of smaller households — a setup that generally supports demand for rental units.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark conditions against Covina and the broader Los Angeles metro trends and prioritize property-level measures (lighting, access control, and visibility) as part of underwriting. Use a consistent, metro-relative lens and multi-year context when reviewing public safety data to avoid over-weighting short-term fluctuations.
Proximity to established corporate employers supports a diversified workforce renter base and commute convenience for residents. Notable nearby employers include Chevron, Ryder, Edison International, United Technologies, and Waste Management.
- Chevron — energy offices (7.8 miles)
- Ryder Vehicle Sales — transportation/logistics (9.9 miles)
- Edison International — utilities corporate offices (10.9 miles) — HQ
- United Technologies — aerospace/industrial offices (11.7 miles)
- Waste Management — environmental services (12.9 miles)
This 90-unit, 1974-vintage asset sits in a neighborhood with top-quartile national occupancy and a high concentration of renter-occupied units, supporting consistent leasing and a deep tenant base. Elevated home values in the area reinforce reliance on multifamily housing, while neighborhood rent-to-income appears relatively manageable, which can aid retention and steady rent rolls, based on commercial real estate analysis from WDSuite.
Relative to the surrounding stock (average vintage 1966), the property’s later construction offers a competitive positioning angle, with scope to capture operational gains through targeted system upgrades and common-area enhancements. Within a 3-mile radius, households have increased and are expected to expand further with smaller average household sizes — dynamics that typically enlarge the renter pool and support occupancy stability and renewal performance.
- Top-quartile national occupancy and high neighborhood renter concentration support durable demand
- High-cost ownership market underpins multifamily reliance and pricing power with disciplined management
- 1974 vintage is newer than local average, with upside from targeted modernization
- 3-mile household growth and smaller household sizes expand the renter pool and support renewals
- Risks: aging 1970s systems, limited amenity depth in parts of the neighborhood, and the need to confirm safety trends with metro-relative data