| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 45th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8133 3rd St, Downey, CA, 90241, US |
| Region / Metro | Downey |
| Year of Construction | 2000 |
| Units | 31 |
| Transaction Date | 1998-07-15 |
| Transaction Price | $395,000 |
| Buyer | COMMUNITY DEVELOPMENT COMMISSION CITY DO |
| Seller | D AND G INVESTORS |
8133 3rd St Downey Multifamily Investment
This 31-unit property built in 2000 benefits from strong neighborhood occupancy at 97.7% and elevated rental demand in a market where 53% of housing units are renter-occupied.
The property sits in a B+ rated urban core neighborhood that ranks in the top quartile nationally for housing fundamentals among 1,441 metro neighborhoods. Neighborhood occupancy reaches 97.7%, significantly above typical market levels, while the renter share of 53% creates a substantial tenant pool for multifamily properties.
Built in 2000, this asset offers a more recent vintage compared to the neighborhood average construction year of 1969, potentially reducing near-term capital expenditure needs relative to older competing properties. The area demonstrates solid rental economics with median contract rents of $1,839 and five-year rent growth of 49.4%, though investors should monitor the rent-to-income ratio of 0.26 for potential affordability pressures.
Demographics within a 3-mile radius show a population of approximately 208,500 with household incomes averaging $106,400. The area maintains strong amenity density with restaurants, cafes, and childcare facilities ranking in the 88th-97th percentiles nationally, supporting tenant retention. However, the neighborhood shows limited park access, ranking last among metro areas for green space availability.
Crime data for this specific neighborhood is not currently available in our analysis. Investors should conduct independent safety assessments and consider local law enforcement statistics when evaluating this market. Property-level security measures and tenant screening protocols remain important factors in any multifamily investment decision.
The surrounding area benefits from proximity to major corporate offices, providing workforce housing opportunities for employees seeking convenient commute access.
- Coca-Cola Downey — beverage operations (0.8 miles)
- Raytheon Public Safety RTC — defense & technology (1.4 miles)
- International Paper — manufacturing & packaging (3.7 miles)
- Edison International — utilities — HQ (8.2 miles)
This 31-unit property presents a compelling investment opportunity in a neighborhood with exceptional occupancy fundamentals and strong rental demand dynamics. According to CRE market data from WDSuite, the area maintains 97.7% occupancy rates alongside robust five-year rent growth of 49.4%, indicating healthy absorption and pricing power. The 2000 construction vintage positions the asset favorably against the neighborhood's 1969 average, potentially reducing immediate capital requirements while maintaining competitive appeal.
Demographics support sustained rental demand with over 208,500 residents within three miles and a substantial 53% renter-occupied housing share. The urban core location provides strong amenity access, ranking in the top decile nationally for restaurants and childcare facilities. However, investors should monitor affordability metrics and conduct thorough due diligence on maintenance reserves given the 24-year asset age.
- Exceptional 97.7% neighborhood occupancy indicates strong rental demand fundamentals
- Recent 2000 vintage reduces near-term capital expenditure compared to area average
- Strong five-year rent growth of 49.4% demonstrates pricing power in market
- Urban core location with top-tier amenity access supports tenant retention
- Risk consideration: Monitor rent-to-income ratios and budget for 24-year asset maintenance