| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 47th | Fair |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11623 Centralia St, Lakewood, CA, 90715, US |
| Region / Metro | Lakewood |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2003-08-07 |
| Transaction Price | $1,800,000 |
| Buyer | COSTA MANUEL C |
| Seller | YU JEFF |
11623 Centralia St, Lakewood CA Multifamily Investment
Neighborhood occupancy is strong and renter demand is durable, according to WDSuite’s CRE market data, positioning this 20-unit asset for steady leasing performance in Los Angeles County. Elevated ownership costs in the area further support renter reliance on multifamily housing.
Lakewood’s Urban Core setting combines daily convenience with above-average amenity access. Parks are a standout strength, ranking in the top percentile nationally, while cafes, groceries, and restaurants trend well above national medians—factors that typically aid leasing velocity and retention for workforce-oriented properties. School ratings sit around the national midpoint, which may be adequate for a broad renter base but not a distinctive draw for families.
At the neighborhood level, occupancy is high and in the top quartile nationally, signaling stable renter demand and limited downtime between turns. Renter concentration is roughly half of housing units, indicating a deep tenant base for multifamily. For investors, this suggests balanced demand conditions and support for consistent collections when asset management is disciplined.
Within a 3-mile radius, demographic statistics show a steady income profile with rising household earnings and a modest near-term population outlook. Forecasts point to an increase in households and slightly smaller household sizes, which can expand the renter pool and support occupancy stability. Elevated home values relative to income levels create a high-cost ownership market that reinforces reliance on rentals and can underpin pricing power when unit quality competes well locally.
Based on WDSuite’s commercial real estate analysis, local median contract rents are high versus national benchmarks, yet rent-to-income levels indicate manageable affordability pressure for many households in this submarket. That backdrop favors well-managed assets with thoughtful renewals, targeted upgrades, and attention to value relative to nearby comparables.
Safety indicators are mixed versus national norms. Overall crime readings sit below the national median, but not in top-tier ranges. Property offense estimates have improved year over year with a notable decline, while violent offense measures remain weaker relative to nationwide comparisons. These figures reflect neighborhood-level trends rather than block-specific conditions.
For investors, the takeaways are operational: emphasize lighting, access control, and resident engagement, and monitor ongoing trend data to validate improvements. Relative positioning within the Los Angeles–Long Beach–Glendale metro will depend on continued progress; consistent monitoring using WDSuite’s data helps track whether recent gains persist.
Nearby employers span telecom, packaging, industrial gases, auto parts distribution, and defense/aerospace offices, supporting a diverse commuter base and aiding renter retention—an advantage often highlighted in multifamily property research.
- Time Warner Business Class — telecom services (2.6 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging manufacturing (4.4 miles)
- Airgas — industrial gases (5.6 miles)
- LKQ — auto parts distribution (5.6 miles)
- Raytheon Public Safety RTC — defense & aerospace offices (6.4 miles)
11623 Centralia St is a 20-unit 1972-vintage asset in Lakewood, where neighborhood occupancy trends remain strong and amenity access outperforms national medians. The vintage implies potential value-add through unit modernization and systems upgrades; in a high-cost ownership market, curated renovations can enhance leasing velocity and support rent positioning without overextending affordability. According to CRE market data from WDSuite, the neighborhood sits in the top quartile nationally for occupancy, while local home values trend high—factors that collectively support demand depth for well-run multifamily.
Demographic statistics aggregated within a 3-mile radius point to increasing household incomes and a projected rise in household counts alongside smaller household sizes, expanding the renter pool over time. Amenity strength—especially parks, with top-percentile access—adds livability, while school scores are nearer the national midpoint. Execution focus should include targeted upgrades, resident experience, and cautious renewal strategies to manage affordability pressure and sustain retention.
- High neighborhood occupancy and strong amenity access support leasing stability
- 1972 vintage offers value-add potential through interior and system updates
- High-cost ownership market reinforces renter demand and pricing resilience
- 3-mile outlook shows rising household incomes and more households, expanding the renter base
- Risks: mid-tier school ratings and mixed safety indicators call for prudent operations and resident-focused management