| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 46th | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 760 W Redondo Beach Blvd, Gardena, CA, 90247, US |
| Region / Metro | Gardena |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | 2019-07-08 |
| Transaction Price | $6,300,000 |
| Buyer | BLUE WATER ASSET MANAGEMENT LP |
| Seller | CHUNG DARWOOD J |
760 W Redondo Beach Blvd, Gardena Multifamily Investment
Neighborhood occupancy is resilient with steady renter demand, according to WDSuite’s CRE market data, supporting income stability for a professionally managed asset. The surrounding Urban Core location offers daily-needs access and a deep tenant base within the Los Angeles metro.
Livability supports multifamily performance in this Urban Core pocket of Gardena. Daily-needs access is a strength: grocery options and pharmacies score in the top decile nationally, while restaurants are also dense relative to U.S. norms. Park and cafe density are limited, so on-site amenities and nearby private recreation can help round out the offering for residents.
For investors, the key dynamic is demand depth. The neighborhood level occupancy rate is 96.7% (competitive among Los Angeles‑Long Beach‑Glendale neighborhoods, 491 of 1,441; top quintile nationally), indicating stable leasing conditions. About 60% of housing units are renter‑occupied, signaling a sizable tenant pool and potential for consistent absorption across unit turns.
Within a 3‑mile radius, population is broadly stable while the household count increased over the past five years, and average household size edged lower. This combination typically enlarges the renter pool and supports occupancy stability and lease retention for well-positioned properties.
Ownership costs are elevated for the area (home values rank in the top decile nationally), which tends to sustain reliance on multifamily rentals. At the same time, rent‑to‑income levels benchmark favorably versus much of the U.S., suggesting manageable affordability pressure that can support retention and measured pricing power. The neighborhood level NOI per unit trends above national medians, reinforcing the area s income profile based on CRE market data from WDSuite.
School ratings trail metro and national averages, which may matter for family‑oriented renter segments. The asset s 1987 vintage is newer than the neighborhood s average construction year (1971), positioning it more competitively versus older local stock; investors should still plan for targeted modernization of aging systems to enhance rentability and operating efficiency.
Public safety metrics here track around the national midpoint overall, with the neighborhood placing mid‑pack among the Los Angeles metro s 1,441 neighborhoods. Property and violent offense rates remain elevated relative to many U.S. neighborhoods, but year‑over‑year trends show material improvement, indicating momentum that investors can monitor during underwriting and lease management.
Given the mixed picture improving trajectory but still below national percentiles for safety operators often emphasize lighting, access controls, and resident engagement to support retention. These considerations should be weighed alongside the submarket s demand fundamentals.
The location is anchored by a diverse employment base within 6–9 miles that supports commuter convenience and renter demand, including Mattel, Air Products & Chemicals, Airgas, Southwest Airlines, and Symantec.
- Mattel — corporate offices (6.2 miles) — HQ
- Air Products & Chemicals — industrial gases (6.3 miles)
- Airgas — industrial gases (7.0 miles)
- Southwest Airlines Counter — airline services (7.5 miles)
- Symantec — cybersecurity offices (8.7 miles)
760 W Redondo Beach Blvd is a 25‑unit, 1987‑built multifamily asset in an Urban Core location with strong everyday convenience. Neighborhood occupancy runs high and the renter base is deep, while elevated ownership costs in surrounding areas reinforce reliance on rentals. The vintage is newer than much of the local stock, offering competitive positioning with potential upside from targeted system upgrades and cosmetic refreshes.
Households within 3 miles have been rising even as average household size trends lower, which typically expands the renter pool and supports steady leasing. According to commercial real estate analysis from WDSuite, rents benchmark well against incomes locally, aiding retention and giving operators room for disciplined revenue management without overextending affordability.
- High neighborhood occupancy with sizable renter concentration supports income stability
- 1987 vintage is competitive versus older area stock; value‑add via selective modernization
- Elevated home values sustain rental demand; rent‑to‑income levels support retention
- Proximity to diversified employers underpins leasing and reduces turnover risk
- Risks: school ratings below metro norms and safety metrics near/below national median, though trends are improving