| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 44th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4512 W 153rd St, Lawndale, CA, 90260, US |
| Region / Metro | Lawndale |
| Year of Construction | 1979 |
| Units | 26 |
| Transaction Date | 2015-08-03 |
| Transaction Price | $5,350,000 |
| Buyer | PI 153RD STREET LLC |
| Seller | PELLEGRINO RAY |
4512 W 153rd St Lawndale Multifamily Investment
This 26-unit property benefits from strong neighborhood rental demand, with 58.5% of housing units renter-occupied and commercial real estate analysis showing occupancy rates above metro averages according to WDSuite's CRE market data.
The Lawndale neighborhood ranks in the top quartile nationally for amenity access, with strong density of grocery stores (3.7 per square mile) and restaurants (17.6 per square mile) supporting tenant retention. The area maintains a 94.6% occupancy rate with 58.5% of housing units renter-occupied, indicating stable rental demand in this urban core location.
Built in 1979, this property aligns with the neighborhood's average construction year of 1966, suggesting opportunities for value-add improvements and modernization to capture higher rents. Current median contract rents of $1,880 have grown 28.3% over five years, demonstrating pricing power in the local rental market.
Demographics within a 3-mile radius show a stable population of approximately 251,000 residents with median household income of $106,147. Projections indicate household growth of 38% through 2028, expanding the potential tenant base. The high share of renter-occupied units reinforces sustained multifamily demand, though investors should monitor the rent-to-income ratio for affordability pressures that could impact lease renewals.
Home values averaging $711,754 have appreciated 41.4% over five years, creating elevated ownership costs that sustain rental demand and support tenant retention. The neighborhood's B+ rating reflects balanced fundamentals across housing, amenities, and demographics among the 1,441 neighborhoods tracked in the Los Angeles metro.
Crime metrics show mixed trends for investor consideration. Property crime rates rank in the lower portion among Los Angeles metro neighborhoods, though recent data indicates a 12.9% year-over-year decline in property offenses. Violent crime rates have decreased 21.8% annually, suggesting improving conditions that may support tenant retention and leasing activity.
When evaluating this location, investors should consider that crime statistics place the neighborhood below metro averages, which may require additional security considerations or tenant screening protocols. The improving trend direction provides some optimism for stabilization, but due diligence should include current local conditions and tenant feedback on perceived safety.
The property benefits from proximity to major corporate employers, providing workforce housing opportunities for professionals in entertainment, technology, and aerospace sectors.
- Mattel — toy manufacturing headquarters (2.9 miles) — HQ
- Southwest Airlines Counter — airline operations (4.6 miles)
- Symantec — cybersecurity software (6.9 miles)
- Microsoft Offices The Reserves — technology services (7.1 miles)
- Activision Blizzard — gaming and entertainment headquarters (10.4 miles) — HQ
This 1979-vintage property presents value-add potential in a stable rental market, with neighborhood occupancy rates of 94.6% and strong renter demand supported by 58.5% of local housing units being rental properties. The area's median rents of $1,880 have grown 28.3% over five years, while proximity to major employers like Mattel headquarters provides workforce housing appeal.
According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for amenities while maintaining competitive fundamentals. Projected household growth of 38% through 2028 within the 3-mile radius should expand the tenant base, though investors should monitor affordability dynamics as rent-to-income ratios approach concerning levels.
- Strong rental demand with 58.5% of neighborhood units renter-occupied
- Value-add opportunity with 1979 construction allowing modernization upside
- Workforce housing location near major corporate employers
- Projected 38% household growth through 2028 expanding tenant base
- Risk: Monitor rent-to-income ratios and crime trends for tenant retention impact