| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 44th | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1034 Alamitos Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | 1995-10-04 |
| Transaction Price | $1,050,000 |
| Buyer | DECRO ALPHA CORP |
| Seller | HAWTHORNE SVGS BANK FSB |
1034 Alamitos Ave Long Beach Multifamily Investment
In Long Beach s Urban Core, a high share of renter-occupied housing supports a deep tenant base and steady leasing fundamentals, according to WDSuite s CRE market data. Neighborhood occupancy trends are broadly stable for the submarket profile, positioning this asset for durable demand management.
The property sits in an Urban Core neighborhood with strong daily-needs access. Amenity density is top quartile nationally, with grocery, dining, and pharmacy availability ranking in the 93rd 99th percentiles nationwide, which supports resident retention and reduces friction for leasing. Caf e9 and restaurant counts are particularly competitive among Los Angeles Long Beach Glendale neighborhoods (70th rank and better out of 1,441 in several amenity categories), a positive for livability and renter appeal.
Neighborhood schools trend mixed, with average ratings around the national midpoint, while parks access sits above national norms. For investors, these inputs point to a location that competes on convenience and urban accessibility rather than school-driven demand, favoring working households and renters seeking proximity to jobs and services.
Renter concentration in the neighborhood is high (above metro median), and 3-mile demographics indicate renters comprise a substantial share of occupied units, reinforcing depth of the tenant pool and supporting occupancy stability. Within a 3-mile radius, household counts have grown modestly and are projected to expand further even as population holds roughly flat, implying smaller household sizes and a larger pool of renting households for multifamily.
Home values rank in the upper percentiles nationally and the value-to-income ratio is also elevated (97th percentile), indicating a high-cost ownership market that tends to sustain multifamily demand and can support pricing power. At the same time, rent-to-income metrics suggest some affordability pressure, which calls for measured lease management and renewal strategies. Neighborhood occupancy is around the middle of national benchmarks, which aligns with a durable but competitive leasing environment, per commercial real estate analysis from WDSuite.
Built in 1986, the asset is newer than the neighborhood s average vintage (1956). That relative youth can enhance competitive positioning versus older local stock and may moderate near-term capital needs; however, aging systems typical of 1980s construction should still be evaluated for targeted value-add or modernization.
Safety conditions measure below metro averages for this neighborhood, with ranks near the bottom among 1,441 Los Angeles Long Beach Glendale neighborhoods and low national percentiles. In practical terms, investors should underwrite for prudent on-site security, lighting, and access controls, and may consider insurance and operating reserves accordingly.
Recent year-over-year readings indicate increases in both property and violent offense rates at the neighborhood level. While block-level variation can be significant in urban cores, the directional trend suggests closer monitoring and proactive property management to support resident satisfaction and retention.
The immediate area draws from a broad employment base that supports workforce housing demand and commute convenience, led by healthcare administration, industrial gases, packaging, and telecom services within a short drive.
- Molina Healthcare healthcare administration (1.6 miles) HQ
- Air Products & Chemicals industrial gases (3.9 miles)
- Airgas industrial gases distribution (7.1 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging packaging (9.0 miles)
- Time Warner Business Class telecom services (9.2 miles)
1034 Alamitos Ave offers scale at 30 units with functional average unit sizes for the submarket, positioned in an Urban Core setting where renter-occupied housing is prevalent and amenities are dense. According to CRE market data from WDSuite, neighborhood occupancy trends are broadly in line with national midpoints, while ownership costs are elevated relative to incomes, a combination that tends to reinforce multifamily demand and retention in Los Angeles County.
Constructed in 1986, the property is newer than much of the surrounding housing stock, supporting competitive positioning versus older buildings. Investors can evaluate targeted value-add to modernize 1980s systems and finishes while leveraging a large local renter pool, proximity to anchor employers, and strong daily-needs access. Underwriting should account for neighborhood safety conditions and some affordability pressure, with emphasis on tenant quality, security, and thoughtful lease management.
- Urban Core location with top-quartile amenity access supporting retention and leasing velocity
- High renter-occupied share locally and projected household growth within 3 miles expand the tenant base
- 1986 vintage is newer than area average, offering competitive positioning and selective value-add potential
- Elevated ownership costs favor sustained multifamily demand and support pricing power with prudent lease management
- Risks: below-average safety metrics and affordability pressure warrant security measures and disciplined underwriting