| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 34th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3348 Tyler Ave, El Monte, CA, 91731, US |
| Region / Metro | El Monte |
| Year of Construction | 2013 |
| Units | 20 |
| Transaction Date | 2012-11-20 |
| Transaction Price | $610,000 |
| Buyer | TYLER COURT ASSOCIATES LP |
| Seller | EL MONTE HOUSING AUTHORITY |
3348 Tyler Ave El Monte 20-Unit Multifamily Investment
This 2013-built property sits in a neighborhood ranking in the top quartile nationally for amenity access, supporting tenant retention in a market with 91.9% occupancy rates according to CRE market data from WDSuite.
This El Monte neighborhood demonstrates strong fundamentals for multifamily investment, ranking 276th among 1,441 metro neighborhoods for amenity access and achieving a 77th national percentile. The area features exceptional grocery store density at 8.69 stores per square mile, ranking 89th metro-wide and placing in the 99th national percentile. Pharmacy access similarly excels with 2.90 locations per square mile, supporting daily convenience for residents.
Built in 2013, this property is significantly newer than the neighborhood average construction year of 1955, providing a competitive advantage with reduced near-term capital expenditure needs and modern unit features that appeal to today's renters. The area maintains 91.9% occupancy rates with a strong rental tenure profile, as 44.7% of housing units are renter-occupied, ranking in the 84th national percentile for rental demand depth.
Demographics within a 3-mile radius show 187,372 residents with median household income of $72,182, supporting rental affordability at current median contract rents of $1,625. The area's renter pool remains stable with 51% of households renting, while forecasts through 2028 project household growth of 30.4% alongside median income increases to $102,464, expanding the potential tenant base and supporting occupancy stability.
Home values averaging $632,205 in the neighborhood create elevated ownership costs that reinforce rental demand, as higher ownership barriers sustain renter reliance on multifamily housing. Schools average 3.0 out of 5 ratings, ranking above metro median and providing adequate educational access for family-oriented tenants.
Safety metrics present considerations for investor due diligence. The neighborhood ranks 1,381st among 1,441 metro neighborhoods for overall crime, placing in the 6th national percentile. Property offense rates estimated at 4,959 incidents per 100,000 residents rank in the bottom tier metro-wide, while violent offense rates of 1,926 per 100,000 residents place in the 1st national percentile.
Crime trend data shows property offenses increased 115% year-over-year, ranking 1,342nd among metro neighborhoods for crime trajectory. Investors should factor these safety dynamics into tenant screening protocols, security measures, and insurance considerations when evaluating operational strategies and renewal rates.
The area benefits from proximity to major corporate employers that provide workforce housing demand, including nearby energy and technology offices within commuting distance.
- Chevron — energy sector offices (0.4 miles)
- Edison International — utility headquarters (2.8 miles) — HQ
- International Paper — industrial manufacturing (8.0 miles)
- Coca-Cola Downey — beverage operations (10.7 miles)
- Raytheon Public Safety RTC — defense & aerospace (10.8 miles)
This 20-unit property offers modern vintage advantages in a neighborhood with established rental demand fundamentals. Built in 2013, the asset requires minimal near-term capital expenditure while benefiting from superior amenity access that ranks in the top quartile nationally. Neighborhood occupancy rates of 91.9% and a renter-occupied housing share in the 84th national percentile demonstrate sustained multifamily demand, supported by elevated home ownership costs that reinforce rental market participation.
Demographic projections through 2028 indicate household growth of 30.4% within the 3-mile radius, expanding the potential tenant base while median incomes are forecast to increase 42% to $102,464. However, investors should carefully evaluate safety metrics and implement appropriate risk management strategies, as crime rankings place the neighborhood in lower percentiles metro-wide according to multifamily property research from WDSuite.
- Modern 2013 construction reduces capital expenditure needs and enhances competitive positioning
- Top quartile amenity access nationally supports tenant retention and lease-up velocity
- Strong rental demand with 91.9% neighborhood occupancy and 44.7% renter-occupied units
- Projected 30.4% household growth and 42% income increases through 2028 expand tenant base
- Safety considerations require enhanced security protocols and careful tenant screening processes