| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 46th | Fair |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14709 S Budlong Ave, Gardena, CA, 90247, US |
| Region / Metro | Gardena |
| Year of Construction | 1973 |
| Units | 27 |
| Transaction Date | 2004-09-16 |
| Transaction Price | $3,750,000 |
| Buyer | Darryl L. Krause |
| Seller | Artusio Family Trust |
14709 S Budlong Ave Gardena Multifamily Investment
This 27-unit property built in 1973 sits in a neighborhood with 95.7% occupancy rates and strong rental demand, supported by 60.4% renter-occupied housing according to WDSuite's CRE market data.
The property is located in an Urban Core neighborhood in Gardena that ranks in the 80th national percentile for housing fundamentals and demonstrates solid rental market dynamics. With 60.4% of housing units renter-occupied, the area maintains a robust tenant base that supports multifamily demand. Neighborhood-level occupancy rates of 95.7% indicate strong absorption and tenant retention, while median contract rents of $1,593 position the market competitively within the Los Angeles metro.
Built in 1973, this property predates the neighborhood's average construction year of 1984, presenting potential value-add opportunities through strategic renovations and unit improvements. The area benefits from exceptional grocery access with 7.24 stores per square mile, ranking in the 98th national percentile, along with strong restaurant density that supports tenant lifestyle preferences and retention.
Demographics within a 3-mile radius show a stable population of approximately 204,000 residents with median household income of $76,489. Projections indicate household income growth of 39.9% through 2028, reaching $106,981, which should support rent growth potential. The area's elevated home values at $626,881 median sustain rental demand by limiting ownership accessibility, reinforcing tenant reliance on multifamily housing.
The neighborhood earns a B- rating and ranks competitively among 1,441 Los Angeles metro neighborhoods. School ratings average 3.0 out of 5, positioning above the metro median for educational quality. Parks and recreational amenities rank in the 90th national percentile, contributing to tenant appeal and lease retention prospects.
The neighborhood's safety profile shows mixed trends that require consideration in investment planning. Property crime rates rank 1,251st among 1,441 metro neighborhoods, indicating above-average property crime levels, though recent data shows an 18.6% decrease in property offenses year-over-year. Violent crime rates rank 1,312th metro-wide, placing the area in the 10th national percentile for violent crime safety.
While current crime metrics present challenges, the improving property crime trend suggests positive momentum. Investors should factor security considerations into capital planning and property management strategies, including potential investments in lighting, access controls, and tenant screening protocols to enhance resident safety and retention.
The property benefits from proximity to major corporate employers that provide workforce housing demand, with several Fortune 500 companies and established corporate offices within a 10-mile radius supporting tenant stability.
- Mattel — toy manufacturing and consumer products (5.7 miles) — HQ
- Southwest Airlines Counter — aviation services (6.9 miles)
- Air Products & Chemicals — industrial gases and chemicals (6.9 miles)
- Airgas — industrial gas distribution (7.5 miles)
- Symantec — cybersecurity and software (8.2 miles)
This 27-unit property in Gardena presents a compelling value-add opportunity in a market with demonstrated rental demand fundamentals. The 1973 construction year offers renovation upside potential while neighborhood-level occupancy of 95.7% indicates strong tenant retention and absorption rates. According to multifamily property research from WDSuite, the area's 60.4% renter-occupied housing base provides a stable tenant pool, supported by elevated home values that sustain rental demand by limiting ownership accessibility.
Demographic projections within a 3-mile radius show household income growth of 39.9% through 2028, supporting rent growth potential, while the neighborhood's 98th percentile grocery access and strong amenity density contribute to tenant appeal. The property's proximity to major employers including Mattel headquarters and other corporate offices within 10 miles provides workforce housing demand that supports occupancy stability.
- Strong neighborhood occupancy at 95.7% indicates stable rental demand and tenant retention
- Value-add potential through strategic renovations of 1973-vintage units
- Projected 39.9% household income growth through 2028 supports rent growth
- Proximity to Fortune 500 employers provides workforce housing demand
- Safety considerations require capital investment in security improvements and tenant screening