| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 47th | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21209 Bloomfield Ave, Lakewood, CA, 90715, US |
| Region / Metro | Lakewood |
| Year of Construction | 1989 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21209 Bloomfield Ave Lakewood Multifamily Investment
This 63-unit property benefits from strong neighborhood-level occupancy at 97.7% and elevated home values that sustain rental demand, according to WDSuite's CRE market data.
The Lakewood neighborhood ranks in the top quartile among 1,441 Los Angeles metro neighborhoods for housing fundamentals, with neighborhood-level occupancy reaching 97.7%. Built in 1989, this property's vintage positions it slightly newer than the neighborhood average construction year of 1978, potentially reducing near-term capital expenditure requirements compared to older competing properties.
Demographics within a 3-mile radius show a stable tenant base with household income averaging $115,944 and projected growth to $155,684 by 2028. The area maintains 34.1% renter-occupied housing units, creating consistent demand for multifamily properties. Median home values of $662,577 represent the 92nd percentile nationally, limiting ownership accessibility and reinforcing reliance on rental housing among area residents.
The neighborhood offers solid grocery access with 4.29 stores per square mile, ranking in the 94th percentile nationally, while restaurant density of 21.46 per square mile supports tenant retention through lifestyle amenities. Contract rents average $1,934, positioning in the 90th percentile nationally, though rent-to-income ratios suggest some affordability pressure that warrants monitoring for lease renewal strategies.
The neighborhood ranks 1,071 out of 1,441 Los Angeles metro neighborhoods for overall crime, placing it in the 38th percentile nationally for safety. Property crime rates of 747 incidents per 100,000 residents have declined 27.2% year-over-year, indicating improving conditions that may support tenant retention and lease-up velocity.
Violent crime rates remain elevated at 141 incidents per 100,000 residents, ranking in the 25th percentile nationally. While recent trends show a 44.8% increase in violent offenses, investors should consider security measures and tenant screening protocols as part of comprehensive risk management strategies.
The employment base features diverse corporate offices within commuting distance, supporting workforce housing demand from telecommunications, manufacturing, and healthcare sectors.
- Time Warner Business Class — telecommunications (2.3 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing (3.3 miles)
- LKQ — automotive parts distribution (5.3 miles)
- Airgas — industrial gases (6.8 miles)
- Molina Healthcare — healthcare services (9.2 miles) — HQ
This 1989-vintage property capitalizes on neighborhood-level occupancy of 97.7% and elevated home values that sustain rental demand in the Los Angeles market. The 63-unit asset benefits from demographic stability within a 3-mile radius, including projected household income growth of 34.3% through 2028 and renter pool expansion supporting long-term tenant demand.
Built eleven years newer than the neighborhood average, the property may require less immediate capital investment while competing effectively against older inventory. According to CRE market data from WDSuite, the location ranks in the top quartile metro-wide for housing fundamentals, with strong grocery access and restaurant density supporting tenant retention in this urban core environment.
- Neighborhood occupancy of 97.7% indicates strong absorption and tenant retention potential
- Home values at 92nd percentile nationally limit ownership competition and support rental demand
- Projected 34.3% household income growth through 2028 may support rent growth opportunities
- 1989 construction provides competitive positioning against older neighborhood inventory
- Risk consideration: Rent-to-income ratios suggest affordability pressure requiring careful lease management