| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 10th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6508 Rita Ave, Huntington Park, CA, 90255, US |
| Region / Metro | Huntington Park |
| Year of Construction | 1996 |
| Units | 103 |
| Transaction Date | 2017-04-27 |
| Transaction Price | $14,750,000 |
| Buyer | CASA RITA LP |
| Seller | CENTURY AFFORDABLE DEVELOPMENT INC |
6508 Rita Ave, Huntington Park Multifamily Investment
Neighborhood fundamentals indicate steady renter demand with high occupancy in the surrounding area, according to WDSuite’s CRE market data. The asset’s 1996 vintage positions it competitively versus older Los Angeles stock while leaving room for targeted modernization to support retention.
This Urban Core location in Huntington Park sits within a renter-oriented corridor of the Los Angeles-Long Beach-Glendale metro. The neighborhood’s renter-occupied share is high, signaling a deep tenant base that can support leasing stability for multifamily assets. Neighborhood occupancy is strong relative to national benchmarks, reinforcing near-term demand for professionally managed rentals.
Local amenity density is a clear strength: dining, grocery, and pharmacy access rank in the top quartile among 1,441 metro neighborhoods, and restaurant concentration is among the metro’s most competitive. Park space is limited, so investors should expect resident value to skew toward walkable retail and services rather than green space.
Vintage matters here. The neighborhood’s average construction year trends older, while the subject property was built in 1996. That newer vintage provides a competitive edge versus nearby 1960s-era stock, though investors should still plan for modernization of aging systems or common areas to meet current renter expectations.
Within a 3-mile radius, demographics show a nuanced setup for demand: population has edged down modestly while household counts have grown and are projected to rise further alongside smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability even as the resident mix shifts. Elevated home values in the neighborhood (high relative to incomes) point to a high-cost ownership market that tends to reinforce reliance on multifamily housing; however, rent-to-income levels suggest some affordability pressure, warranting thoughtful lease management and renewal strategies.
Safety indicators are mixed but improving. Overall conditions track near the national midpoint, while recent trends show a meaningful year-over-year decline in violent offense rates, based on CRE market data from WDSuite. At the metro level (Los Angeles-Long Beach-Glendale, 1,441 neighborhoods), the area sits below the metro median, but the improving trajectory reduces downside risk relative to prior periods.
For investors, the takeaway is to underwrite conservatively, emphasize on-site management and lighting/security standards, and monitor trendlines rather than any single-year snapshot.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, led by metals distribution, commercial real estate services, technology, beverage distribution, and defense/public-safety technology.
- Reliance Steel & Aluminum — metals distribution (5.2 miles) — HQ
- CBRE Group — commercial real estate services (5.2 miles) — HQ
- Microsoft — technology (5.3 miles)
- Coca-Cola Downey — beverage distribution (6.5 miles)
- Raytheon Public Safety RTC — defense & public safety technology (7.1 miles)
6508 Rita Ave offers scale in an Urban Core setting where renter concentration and neighborhood occupancy trends support stable leasing. The 1996 vintage is newer than much of the surrounding housing stock, offering a positioning advantage versus older assets while leaving room for targeted value-add to common areas and systems. Elevated ownership costs in the neighborhood sustain reliance on rentals, and within a 3-mile radius households are increasing even as population edges down, implying a larger tenant base over time. According to CRE market data from WDSuite, the broader neighborhood posts high amenity access and competitive occupancy, with safety metrics near the national midpoint and improving year over year.
Underwriting should account for some affordability pressure and the area’s limited park space, but proximity to a diverse employment base and dense retail footprint provides durable demand fundamentals for well-managed multifamily operations.
- Renter-heavy neighborhood with occupancy strength supporting leasing stability
- 1996 vintage offers competitive edge versus older local stock with value-add upside
- High amenity access and diversified nearby employers bolster retention
- Elevated ownership costs reinforce multifamily demand in this submarket
- Risks: affordability pressure, limited park space, and varied safety metrics necessitate active management