| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 60th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 934 N Cedar St, Inglewood, CA, 90302, US |
| Region / Metro | Inglewood |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
934 N Cedar St Inglewood Multifamily Investment
Neighborhood occupancy and renter demand appear resilient relative to national norms, according to WDSuite’s CRE market data. With a deep renter base and strong local amenities, this location supports stable leasing and disciplined rent management.
The property sits in an Urban Core pocket of Inglewood that ranks in the top quartile among 1,441 Los Angeles metro neighborhoods (A- neighborhood rating), indicating competitive fundamentals for multifamily. Amenity density is a clear strength: grocery access tracks in the top decile nationally, with cafés and restaurants also performing well above national norms, supporting day-to-day convenience and renter retention.
For investors, the housing context favors rentals. The neighborhood’s renter-occupied share is high, signaling a large tenant base and consistent leasing pipeline. Median home values sit in the upper tail nationally and the value-to-income ratio is also elevated, a high-cost ownership backdrop that tends to sustain reliance on multifamily housing and supports pricing power, with appropriate lease management.
Vintage matters here. The average neighborhood construction year trends older (1970s), while this asset’s 1989 build is relatively newer, which can enhance competitive positioning versus older stock. Investors should still plan for targeted modernization and systems lifecycle work to maintain occupancy and capture renewal-driven growth.
Demographic indicators are aggregated within a 3-mile radius and point to a stable-to-expanding renter pool: households have been increasing and are projected to grow further through the forecast period, even as average household size edges lower. Rising incomes in the area support rent levels, while a modest rent-to-income cushion should be monitored for affordability pressure and renewal strategy. Local amenities are strong across parks and childcare, though pharmacy access is comparatively thin; this mix suggests solid livability with a few convenience gaps. These dynamics align with commercial real estate analysis that prioritizes demand depth, renewal stability, and asset competitiveness.
Safety trends are best viewed comparatively. The neighborhood performs competitive among Los Angeles neighborhoods and sits above the national median for safety, based on WDSuite’s benchmarking. Recent year-over-year indicators show meaningful improvement in both violent and property offense rates, which supports leasing stability and resident retention, though investors should continue tracking trend durability at the neighborhood level.
Proximity to established corporate offices supports a broad workforce renter base and commute convenience. Notable nearby employers include Symantec, Southwest Airlines, Microsoft, Mattel, and Activision Blizzard.
- Symantec — software & cybersecurity offices (1.6 miles)
- Southwest Airlines Counter — airline operations (2.9 miles)
- Microsoft Offices The Reserves — technology offices (3.5 miles)
- Mattel — consumer goods (4.1 miles) — HQ
- Activision Blizzard — interactive entertainment (5.9 miles) — HQ
This 25-unit, 1989-vintage asset benefits from a high-renter neighborhood, strong amenity access, and a high-cost ownership market that underpins multifamily demand. According to CRE market data from WDSuite, neighborhood occupancy is competitive versus national norms and the submarket scores well on income growth and amenity density, supporting renewal capture and lease-up stability. The asset’s relative youth versus the area’s older stock can be leveraged with focused upgrades to maintain competitiveness.
Within a 3-mile radius, households have been expanding and are projected to grow further as average household size trends lower, pointing to a larger and more apartment-oriented tenant base. Elevated home values reinforce renter reliance on multifamily housing, while rent-to-income levels suggest prudent lease management to mitigate affordability pressure and sustain retention.
- High renter concentration and amenity-rich location support durable demand and occupancy
- 1989 vintage offers competitive positioning versus older local stock with targeted value-add upside
- Elevated ownership costs in the area support pricing power and renewal capture
- Growing household base within 3 miles expands the tenant pool over the medium term
- Risk: affordability pressure and below-average local school ratings may require careful lease and marketing strategy