| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 54th | Fair |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10520 Paramount Blvd, Downey, CA, 90241, US |
| Region / Metro | Downey |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10520 Paramount Blvd Downey Multifamily Investment
This 30-unit property benefits from strong neighborhood-level occupancy rates at 97.8% and elevated home values that sustain rental demand in the Los Angeles metro, according to WDSuite's CRE market data.
The Downey neighborhood demonstrates competitive fundamentals among Los Angeles metro neighborhoods, ranking in the top quartile for housing metrics (229th of 1,441 neighborhoods). The area maintains strong occupancy stability with neighborhood-level occupancy at 97.8%, well above typical metro standards. With 66.5% of housing units renter-occupied, the neighborhood provides substantial depth for multifamily tenant demand.
Built in 1972, this property aligns with the neighborhood's average construction year of 1966, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. Median home values of $827,755 represent a 32% increase over five years, reinforcing rental demand as elevated ownership costs limit accessibility to homeownership for many households.
Demographics within a 3-mile radius show household growth of 3.7% over five years, with projections indicating continued household expansion of 38.8% through 2028. This growth supports an expanding tenant base for multifamily properties. The area's rent-to-income ratio suggests affordability pressure that requires careful lease management, though the substantial renter concentration indicates sustained demand for rental housing. Childcare and pharmacy amenities rank in the 95th percentile nationally, supporting tenant retention through essential service access.
Crime data for this neighborhood is not currently available through regional reporting systems, preventing comparative safety analysis against metro benchmarks. Investors should conduct independent due diligence regarding local safety conditions and consider this data gap when evaluating tenant retention and lease-up factors.
The surrounding employment base includes major corporate offices that support workforce housing demand and commute accessibility for tenants, anchored by Coca-Cola, Raytheon, and International Paper operations.
- Coca-Cola Downey — consumer goods operations (1.1 miles)
- Raytheon Public Safety RTC — defense & technology (1.7 miles)
- International Paper — industrial manufacturing (3.5 miles)
- Edison International — utilities operations (7.8 miles) — HQ
This 30-unit Downey property offers exposure to a neighborhood with exceptional occupancy stability at 97.8% and strong renter concentration at 66.5% of housing units. The 1972 construction year aligns with neighborhood norms, presenting potential value-add opportunities through strategic renovations and unit improvements. Demographic projections within a 3-mile radius indicate significant household growth of 38.8% through 2028, supporting long-term tenant demand expansion.
Elevated home values exceeding $827,000 create substantial barriers to homeownership, sustaining rental demand across income segments. The property benefits from proximity to established corporate employers including Coca-Cola and Raytheon within commuting distance. However, investors should note the neighborhood's rent-to-income pressures and absence of available crime data, requiring careful tenant screening and independent safety assessment.
- Strong neighborhood occupancy at 97.8% indicates stable rental demand
- High renter concentration of 66.5% provides substantial tenant pool depth
- Projected 38.8% household growth through 2028 supports demand expansion
- 1972 vintage offers value-add renovation potential for capital appreciation
- Risk consideration: Rent-to-income pressures require careful lease management strategies