| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 56th | Good |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1556 Palos Verdes Dr N, Harbor City, CA, 90710, US |
| Region / Metro | Harbor City |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1556 Palos Verdes Dr N, Harbor City Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and above-median occupancy for this submarket of Los Angeles, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood rather than the specific property.
Harbor City’s Urban Core setting offers daily-needs convenience with strong grocery and dining density, while remaining a primarily residential pocket of the South Bay. Neighborhood data indicate restaurants and groceries rank in the top quartile nationally, though cafés and parks are relatively sparse, shaping a pragmatic amenity profile that supports day-to-day living rather than destination retail.
Occupancy for the neighborhood trends in the top quartile nationally, suggesting resilient leasing conditions, and the renter-occupied share sits in the top quartile nationwide—both signals of a deep tenant base. Median contract rents benchmark in the upper national percentiles, while rent-to-income ratios track lower than many metros, a mix that can support retention and disciplined rent management for investors.
Within a 3-mile radius, household counts have inched higher even as population edged down, and forecasts point to a larger number of households alongside smaller average household sizes by 2028. For multifamily owners, this typically translates to a broader renter pool and supports occupancy stability over time. School quality measures trend above the national median for the neighborhood, adding to family-oriented housing demand.
Home values are elevated relative to national benchmarks, indicating a high-cost ownership market that tends to reinforce reliance on rental housing and underpin pricing power for well-positioned assets. The property’s 1988 vintage is newer than the neighborhood’s average construction year, which can confer competitive positioning versus older stock, while leaving room for targeted modernization to capture value. These observations are based on commercial real estate analysis from WDSuite’s datasets and reflect neighborhood, not property-level, indicators.
Safety trends are mixed when benchmarked against the Los Angeles metro’s 1,441 neighborhoods and national peers. Overall crime levels place the area below the national median (national percentile in the low 40s), and property offenses sit closer to the lower national percentiles, indicating higher incident rates than many neighborhoods. However, the neighborhood shows a strong improvement trend in violent offenses over the past year, ranking in a high national percentile for improvement, which investors may view as a constructive directional signal. These references describe neighborhood conditions, not the property itself.
Proximity to industrial gases, healthcare, consumer products, and airline operations supports a diverse employment base and convenient commutes for renters. Nearby anchors include Air Products & Chemicals, Molina Healthcare, Airgas, Mattel, and Southwest Airlines.
- Air Products & Chemicals — industrial gases (4.7 miles)
- Molina Healthcare — healthcare services (6.0 miles) — HQ
- Airgas — industrial gases (10.5 miles)
- Mattel — toys & entertainment (10.9 miles) — HQ
- Southwest Airlines Counter — airline operations (12.8 miles)
This 22-unit, 1988-vintage asset benefits from neighborhood occupancy trends that sit in the top quartile nationally and a renter-occupied share also ranking in the upper tier—signals of demand depth and leasing stability. Elevated home values in the area sustain reliance on multifamily, while median rents and moderate rent-to-income ratios suggest room for disciplined revenue optimization and retention, based on CRE market data from WDSuite.
Within a 3-mile radius, household counts are projected to increase and average household size to decline, which typically expands the renter pool and supports future leasing. Compared with older neighborhood stock, the property’s vintage can be competitively positioned with targeted system upgrades and unit refreshes to capture value relative to aging assets.
- Occupancy and renter concentration rank in top national tiers, supporting leasing stability.
- High-cost ownership market reinforces rental demand and pricing power for well-positioned assets.
- 1988 vintage offers competitive standing versus older stock with value-add modernization potential.
- 3-mile household growth and smaller household sizes point to a broader renter base over time.
- Risk: Neighborhood crime levels sit below national medians despite recent improvement; active management and security planning may be prudent.