| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 W Queen St, Inglewood, CA, 90301, US |
| Region / Metro | Inglewood |
| Year of Construction | 1972 |
| Units | 63 |
| Transaction Date | 1998-11-12 |
| Transaction Price | $2,468,181 |
| Buyer | ALEVY ALLEN |
| Seller | MIF REALTY LP |
200 W Queen St Inglewood Multifamily Investment
Neighborhood renter concentration and steady occupancy trends suggest a durable tenant base, according to WDSuite s CRE market data. The setting supports income stability while leaving room for operational upside through targeted renovations and leasing execution.
Situated in Inglewood s Urban Core, the property benefits from strong neighborhood amenities that support daily living and leasing appeal. Restaurants and parks score in the top quartile nationally, while grocery access is also strong; by contrast, cafes and pharmacies are limited. School ratings trend below national norms, which can shape unit mix and marketing assumptions toward households prioritizing convenience and commute access.
The neighborhood s renter-occupied share is high at the area level (71.7% of housing units), indicating deep multifamily demand and a wide leasing funnel. Neighborhood occupancy is typical for large U.S. metros and has been resilient overall, supporting baseline underwriting with prudent concessions planning.
Vintage positioning matters: built in 1972, the asset is newer than the neighborhood s average construction year of 1965. That provides relative competitiveness versus older stock, while still warranting capital planning for aging systems and targeted value-add to meet current renter expectations.
Within a 3-mile radius, recent years showed slight population contraction alongside essentially flat household counts, a pattern consistent with smaller household sizes. Forward-looking projections indicate population growth and a notable increase in households by 2028, which points to a larger tenant base and supports occupancy stability. Elevated ownership costs locally (home values rank in the upper decile nationally) reinforce reliance on multifamily housing, underpinning retention and pricing power for well-maintained units.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood ranks 847 out of 1,441 overall, placing it above the metro median. Housing fundamentals are competitive among metro peers (housing rank 886 of 1,441) and NOI per unit sits in the upper tier nationally, according to CRE market data from WDSuite. Rent-to-income indicates some affordability pressure, suggesting careful lease management and thoughtful renewal strategies.
Safety indicators compare favorably in a regional and national context. The neighborhood s crime profile ranks 404 out of 1,441 Los Angeles metro neighborhoods, which is above the metro median and competitive among local submarkets. Nationally, the area sits around the 75th percentile for overall safety.
Recent trends point to improvement: estimated violent offense rates declined materially year over year, while property offense rates also edged lower. Property offense rates benchmark in the upper national percentiles and violent offense metrics are in the national top quartile, indicating comparatively safer conditions versus many U.S. neighborhoods. As always, investors should validate block-level patterns during due diligence and align security measures with operating plans.
Proximity to diversified employers supports workforce housing demand and commute convenience, with a nearby mix of technology, consumer brands, and aviation services: Symantec, Southwest Airlines, Mattel, Microsoft, and Activision Blizzard.
- Symantec corporate offices (2.5 miles)
- Southwest Airlines Counter aviation services (2.7 miles)
- Mattel consumer products (3.5 miles) HQ
- Microsoft Offices The Reserves technology offices (4.0 miles)
- Activision Blizzard interactive entertainment (6.7 miles) HQ
This 63-unit asset offers exposure to a high renter-occupied neighborhood with steady occupancy and strong proximity-driven demand drivers. Built in 1972, it is newer than the area s average vintage, positioning it well versus older stock while still presenting value-add and systems-modernization opportunities. Elevated local ownership costs sustain renter reliance on multifamily housing, and forward projections within a 3-mile radius point to household growth supportive of leasing durability and retention for well-managed communities.
Operationally, the neighborhood s NOI per unit benchmarks above national medians, and overall standing is above the metro median among 1,441 Los Angeles neighborhoods, based on commercial real estate analysis from WDSuite. Affordability pressure (rent-to-income) and low school ratings suggest nuanced underwriting on renewals and unit finishes, but amenity access and employer proximity provide durable fundamentals for long-term holds.
- High renter-occupied share supports a deep tenant base and consistent leasing
- 1972 vintage offers value-add and systems updates to enhance competitiveness
- Elevated ownership costs locally reinforce multifamily demand and retention
- Amenity access and employer proximity underpin occupancy stability
- Risks: affordability pressure and low school ratings call for careful lease and capex planning