| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 27th | Poor |
| Amenities | 33rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17341 Hurley St, La Puente, CA, 91744, US |
| Region / Metro | La Puente |
| Year of Construction | 1972 |
| Units | 101 |
| Transaction Date | 2013-07-01 |
| Transaction Price | $9,300,000 |
| Buyer | PI Properties No 32, LLC |
| Seller | Kurnick Properties |
17341 Hurley St La Puente Multifamily Investment
This 101-unit property in an Urban Core neighborhood offers solid occupancy fundamentals with 94.8% neighborhood-level occupancy rates according to WDSuite's CRE market data.
Located in La Puente's Urban Core environment, this neighborhood demonstrates stable rental fundamentals with 94.8% occupancy rates and above-average net operating income per unit of $9,478, ranking in the top quartile among 1,441 metro neighborhoods. The area maintains strong rental demand with 51.1% of housing units renter-occupied, supporting consistent tenant pools for multifamily properties.
Built in 1972, this property aligns with the neighborhood's average construction year of 1967, indicating potential value-add opportunities through strategic capital improvements. Demographics within a 3-mile radius show household income growth of 34.4% over five years, reaching a median of $92,334, while contract rents increased 28.9% to $1,894 median, demonstrating pricing power in the local rental market.
The neighborhood benefits from exceptional grocery access with 9.07 stores per square mile, ranking in the 99th percentile nationally, and strong restaurant density at 22.68 per square mile in the 97th percentile. However, amenity access overall ranks below metro median, and school ratings average 2.0 out of 5, which investors should factor into tenant demographics and retention strategies.
Forward-looking demographics indicate household growth of 31.4% projected through 2028, with median household income expected to reach $129,704, suggesting continued rental demand. The high value-to-income ratio of 8.2 reinforces rental housing demand as elevated ownership costs sustain renter reliance on multifamily properties.
Property crime rates in this neighborhood show improvement trends, with a 13.7% decrease over the past year, though rates remain near metro median levels. The neighborhood ranks in the 42nd percentile nationally for property crime, indicating moderate risk levels that require standard security considerations for multifamily operations.
Violent crime presents greater concern, with rates increasing 51.5% year-over-year and ranking in the lower quartile among 1,441 metro neighborhoods. Investors should evaluate security infrastructure, lighting, and tenant screening protocols as part of comprehensive risk management strategies.
The area benefits from proximity to major corporate employers within commuting distance, supporting workforce housing demand from professional and industrial sectors.
- Chevron — energy sector offices (7.1 miles)
- United Technologies — aerospace and defense (7.8 miles)
- International Paper — manufacturing operations (9.3 miles)
- Edison International — utilities sector (9.4 miles) — HQ
- LKQ — automotive parts distribution (9.7 miles)
This 101-unit property built in 1972 presents value-add potential in a neighborhood showing solid rental fundamentals. With 94.8% neighborhood-level occupancy and net operating income per unit ranking in the top quartile among metro neighborhoods, the asset benefits from stable demand drivers. The Urban Core location provides access to diverse employment centers, while household income growth of 34.4% over five years supports tenant retention and moderate rent growth opportunities.
According to multifamily property research from WDSuite, the area's high value-to-income ratio of 8.2 reinforces rental demand as ownership remains expensive relative to incomes. Projected household growth of 31.4% through 2028 indicates expanding tenant pools, though investors should plan for capital improvements given the property's 1972 vintage and factor security considerations into operational budgets.
- Above-average NOI per unit performance in stable occupancy environment
- Strong household income growth supporting rental pricing power
- Value-add opportunity through strategic capital improvements
- Projected household growth expanding future tenant base
- Risk: Elevated crime trends require enhanced security planning