| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 47th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1620 257th St, Harbor City, CA, 90710, US |
| Region / Metro | Harbor City |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 2009-06-09 |
| Transaction Price | $889,500 |
| Buyer | UCHIMA ANSHO |
| Seller | COHASSET STREET PARTNERSHIP LTD LP |
1620 257th St Harbor City Multifamily Investment
Neighborhood fundamentals point to steady renter demand and solid occupancy, according to WDSuite’s CRE market data, with a renter-occupied share near half of local housing units supporting lease-up and retention. Pricing power is aided by a high-cost ownership market in Harbor City, though performance should be managed with attention to neighborhood-level affordability.
Harbor City’s neighborhood metrics signal balanced renter depth and stable operations for multifamily investors. The renter-occupied share of housing units is roughly in line with owners (neighborhood level), indicating a broad tenant base rather than dependence on a narrow segment. Neighborhood occupancy trends are competitive versus national norms, which helps underpin collections and lease stability.
Daily-needs access is a relative strength: neighborhood amenities like grocery stores, pharmacies, and parks rank in the top quartile nationally, while restaurants are also strong compared with neighborhoods nationwide. Café density is limited in the immediate area, so resident convenience skews more toward essentials than boutique offerings—useful context for positioning and resident experience planning.
Within a 3-mile radius, households have grown modestly in recent years and are projected to expand further even as total population trends edge down—pointing to smaller household sizes and a potential increase in renter households entering the market. This dynamic can support occupancy stability and ongoing demand for well-managed units. Median household incomes in the area are rising, which can help support rent levels, while investors should still monitor lease management to keep rent-to-income within sustainable ranges.
Home values are elevated relative to incomes (top percentiles nationally), creating a high-cost ownership environment that tends to sustain renter reliance on multifamily housing and reduce move-outs to homeownership. School ratings in the surrounding area are mixed, which may influence unit mix strategy and marketing but does not typically undermine workforce-oriented demand drivers.
Relative to neighborhoods nationwide, this area’s safety profile indexes in the top quartile, indicating comparatively lower crime exposure than many urban neighborhoods. Recent year-over-year trends show meaningful declines in both property and violent incidents, suggesting improving conditions rather than deterioration.
Investors should still underwrite standard security measures and lighting, but the comparative standing and directional improvement provide context for tenant retention and leasing confidence at the neighborhood level rather than block-by-block conclusions.
Proximity to corporate employment nodes supports renter demand and commute convenience for workforce tenants. Notable nearby employers include Air Products & Chemicals, Molina Healthcare, Airgas, Mattel, and Southwest Airlines Counter.
- Air Products & Chemicals — industrial gases (4.5 miles)
- Molina Healthcare — healthcare services (6.3 miles) — HQ
- Airgas — industrial gases (10.1 miles)
- Mattel — consumer products (10.3 miles) — HQ
- Southwest Airlines Counter — airline services (12.2 miles)
This 20-unit asset in Harbor City benefits from a neighborhood with steady renter demand, competitive occupancy, and strong daily-needs access. Elevated home values versus incomes in the area help sustain reliance on rental housing, reinforcing tenant depth and supporting rent durability. According to CRE market data from WDSuite, neighborhood amenities index well nationally, while the renter-occupied share near half of units indicates a broad tenant pool rather than concentration risk.
Household counts within a 3-mile radius have edged up with further growth projected, even as population trends soften—implying smaller households and a larger renter pool over time. These conditions favor stable leasing, while investors should plan for prudent affordability management and recognize that school ratings are mixed, which can influence unit mix and marketing strategy.
- Balanced renter base and competitive neighborhood occupancy support leasing stability
- Elevated ownership costs sustain rental demand and reduce move-outs to purchase
- Strong access to daily-needs amenities and nearby employers aids retention
- Within 3 miles, household growth and smaller household sizes expand the renter pool
- Risks: mixed school ratings and localized affordability pressure require active lease management