| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 46th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1315 Magnolia Ave, Gardena, CA, 90247, US |
| Region / Metro | Gardena |
| Year of Construction | 1974 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1315 Magnolia Ave Gardena Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data. Elevated ownership costs in the area help sustain multifamily leasing, while rent levels remain manageable for retention.
The property is situated in Gardena’s Urban Core, where neighborhood occupancy averages are strong and sit in the top quintile nationally, supporting income stability for professionally managed assets. The area’s renter-occupied share is elevated, indicating a deep tenant base for multifamily owners. These statistics reflect neighborhood-level conditions, not the specific asset.
Amenity access skews toward daily-needs convenience: pharmacies and grocery options rank high compared with neighborhoods nationwide, and restaurant density is competitive for Los Angeles-Long Beach-Glendale. Park and café availability are more limited, a consideration for assets targeting lifestyle-driven renters.
Home values are elevated for the region, and the value-to-income profile is high by national comparison. In practice, this high-cost ownership market tends to reinforce renter reliance on multifamily housing and support pricing power. At the same time, neighborhood rent-to-income levels trend comparatively moderate, aiding lease retention and limiting turnover risk.
Within a 3-mile radius, households have grown despite modest population softening, with forecasts pointing to further household expansion and smaller average household sizes. For investors, a rising household count alongside smaller household sizes generally implies a larger tenant base and steady absorption for well-located apartments. The building’s 1974 vintage is slightly older than the neighborhood’s average stock, suggesting planning for near- to medium-term capital improvements and potential value-add through targeted renovations.
Compared with neighborhoods across the Los Angeles-Long Beach-Glendale metro (1,441 total), the area’s safety rank sits below the metro median, signaling investors should underwrite prudent security and loss assumptions. Nationally, the neighborhood is around the mid-range for safety.
Recent trend data indicates year-over-year declines in both property and violent offense estimates, placing the neighborhood s improvement trajectory in a stronger tier nationally. While directional trends are favorable, underwriting should still account for the broader urban context and implement property-level measures to support resident comfort and retention.
Nearby corporate employment anchors provide a diversified commuter base that can support leasing and retention for workforce-oriented units. Key employers within typical commuting distance include Mattel, Air Products & Chemicals, Southwest Airlines, Airgas, and Symantec.
- Mattel consumer products (5.8 miles) HQ
- Air Products & Chemicals industrial gases (6.5 miles)
- Southwest Airlines Counter airline operations (7.2 miles)
- Airgas industrial supplies (7.5 miles)
- Symantec cybersecurity offices (8.6 miles)
1315 Magnolia Ave combines durable neighborhood occupancy with a sizable renter base in a high-cost ownership market, supporting ongoing demand for well-managed apartments. Based on CRE market data from WDSuite, the surrounding neighborhood posts strong occupancy and elevated renter-occupied share, while rent-to-income levels appear comparatively moderate a setup that can bolster retention and revenue consistency.
The 1974 vintage points to potential value-add via systems modernization and unit/interior updates, especially against Los Angeles inventory where many properties have seen incremental upgrades. Within a 3-mile radius, household growth alongside smaller household sizes suggests continued depth in the renter pool even as population trends are mixed, supporting absorption for practical unit mixes around the property s average unit size.
- Strong neighborhood occupancy and elevated renter-occupied share support income stability
- High-cost ownership market reinforces sustained multifamily demand and pricing power
- 1974 vintage offers value-add potential through targeted renovations and CapEx planning
- Household growth and smaller household sizes (3-mile radius) expand the renter pool and aid absorption
- Risks: below-metro-median safety rank and limited park/caf 9 amenity depth warrant conservative underwriting