| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 46th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1021 W 161st St, Gardena, CA, 90247, US |
| Region / Metro | Gardena |
| Year of Construction | 1972 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1021 W 161st St Gardena Multifamily in Renter Hub
Neighborhood occupancy remains elevated and the renter base is deep in this part of Gardena, according to WDSuite’s CRE market data, supporting stable leasing conditions at the submarket level.
This Urban Core pocket of Gardena shows durable renter demand and steady utilization. The neighborhood’s occupancy is in the top quartile nationally and above metro median among 1,441 Los Angeles metro neighborhoods, indicating resilient absorption and fewer prolonged vacancies at the neighborhood level. Renter-occupied housing accounts for a larger share of units locally, which points to a deeper tenant pool and supports renewal prospects and pricing discipline.
Everyday convenience is a strength. Pharmacy access ranks at the top nationally, and grocery density is also high compared with U.S. neighborhoods, while restaurants are plentiful. By contrast, parks and cafes are limited nearby, so outdoor and third-space amenities may be less of a draw. For family-oriented renters, average school ratings trend below national norms; owners may prioritize in-property features and targeted upgrades to offset this in leasing.
Within a 3-mile radius, households have increased in recent years and are projected to continue rising even as overall population trends are mostly flat to slightly down. This mix typically reflects smaller household sizes and can expand the renter pool, supporting occupancy stability and a steady flow of prospective tenants.
Home values in the neighborhood are elevated relative to national norms and the value-to-income ratio sits in a high national percentile. In practice, a high-cost ownership market tends to reinforce reliance on multifamily housing. At the same time, neighborhood rent-to-income readings suggest relatively manageable rent burdens, which can aid lease retention and reduce turnover risk. These dynamics, paired with competitive NOI per unit for the area, support a balanced commercial real estate analysis for long-term ownership.
Safety indicators here are mixed when compared with both the metro and national landscape. The neighborhood’s overall crime rank is 905 out of 1,441 Los Angeles metro neighborhoods, which places it below the metro median. Nationally, the area trends around the middle of the pack, suggesting conditions investors should underwrite prudently rather than assume premium safety performance.
Recent momentum is constructive: both property and violent offense rates have declined year over year, with improvement measures placing the neighborhood in a higher national percentile for trend direction. For investors, the takeaway is to account for current conditions while acknowledging positive trajectory and continuing to emphasize lighting, access control, and resident engagement in asset plans.
Proximity to a diverse employment base supports workforce housing demand and commute convenience, led by corporate offices in manufacturing, healthcare, and professional services that are within a 6–12 mile radius.
- Air Products & Chemicals — corporate offices (6.1 miles)
- Mattel — corporate offices (6.2 miles) — HQ
- Airgas — corporate offices (7.2 miles)
- Southwest Airlines Counter — corporate offices (7.6 miles)
- Symantec — corporate offices (9.0 miles)
This 21-unit asset in Gardena benefits from a renter-heavy neighborhood with top-quartile occupancy nationally and strong access to daily-needs retail. Elevated home values in the area help sustain multifamily reliance, while neighborhood rent-to-income levels indicate manageable burdens that can support retention and disciplined rent growth. According to CRE market data from WDSuite, these fundamentals are competitive among Los Angeles metro neighborhoods.
Within a 3-mile radius, households have been rising and are projected to expand further, even as population growth is muted—an indicator of smaller household sizes and a larger tenant base over time. Limited park and cafe infrastructure and below-average school ratings warrant thoughtful amenity programming and leasing strategy, but overall demand drivers remain constructive for long-term ownership.
- Renter-occupied concentration and top-quartile neighborhood occupancy support stable cash flows
- High-cost ownership market reinforces depth of demand for multifamily units
- 3-mile household growth expands the prospective tenant base, aiding lease-up and renewals
- Daily-needs retail density (pharmacies, groceries) enhances resident convenience and retention
- Risk: Safety ranks below metro median and limited parks/cafes require prudent underwriting and asset planning