| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 72nd | Best |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1207 Mira Mar Ave, Long Beach, CA, 90804, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1207 Mira Mar Ave Long Beach Multifamily Opportunity
Positioned in an Urban Core pocket of Long Beach with high renter concentration and solid neighborhood occupancy, the asset benefits from durable renter demand and deep tenant pools, according to WDSuite’s CRE market data.
The immediate neighborhood ranks competitive among Los Angeles-Long Beach-Glendale metro peers (166 of 1,441), placing it in the top quartile among metro neighborhoods. For investors, this reflects healthy fundamentals supported by a dense renter base and proximity-driven amenities rather than speculative growth narratives.
Amenity access is a strength: parks and open space are in the top percentile bands nationally (parks density near the 98th percentile), with cafes and restaurants also testing top-quartile performance (cafe and restaurant densities near the 90th percentile). This level of convenience typically supports leasing velocity and retention. School quality trends near the national median to modestly above, which helps diversify the renter profile beyond purely transient populations.
The building’s 1986 vintage is newer than the neighborhood’s average construction year (1965), suggesting competitive positioning versus older stock while still warranting targeted capital planning for aging systems and potential value-add modernization. Neighborhood renter-occupied share is elevated, indicating a deep tenant base that can support occupancy stability across cycles. Elevated home values (around the 96th percentile nationally) point to a high-cost ownership market that tends to reinforce reliance on multifamily rentals, which can aid pricing power and lease retention in stable periods.
Within a 3-mile radius, demographics indicate a slight population dip in recent years alongside a modest increase in households and smaller average household sizes. Forward-looking projections show growth in both households and incomes, which generally expands the renter pool and supports sustained absorption and renewal performance. Median asking rents in the neighborhood are high for the region but remain supported by income trends; investors should manage affordability pressure through measured rent setting and renewal strategies informed by commercial real estate analysis.
Safety indicators trend below both metro and national medians. The neighborhood’s crime ranking sits in the lower tier among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, and national percentiles indicate less favorable safety relative to many U.S. neighborhoods. Recent year data shows an uptick in both property and violent offense estimates.
Investors typically address conditions like these with practical measures: robust access control, lighting and camera coverage, resident communication, and coordination with local resources. Such steps can help protect on-site operations, support retention, and sustain leasing momentum while monitoring trend direction over time.
Nearby employment draws include healthcare, industrial gases, packaging, and telecom operations, supporting a diverse workforce renter base and commute convenience for residents. The list below reflects notable employers within practical commuting distance that can underpin tenant demand and renewal stability.
- Molina Healthcare — healthcare services (3.2 miles) — HQ
- Air Products & Chemicals — industrial gases (5.3 miles)
- Airgas — industrial gases (7.0 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (7.2 miles)
- Time Warner Business Class — telecom/business services (7.8 miles)
1207 Mira Mar Ave is a 20-unit, 1986-vintage asset positioned in a high-renter Urban Core location where neighborhood occupancy trends are strong and amenity density is a differentiator. Newer-than-neighborhood-average vintage offers a relative edge versus older competing stock, with clear scope for targeted renovations or building systems upgrades to enhance rent positioning and tenant experience.
Based on CRE market data from WDSuite, the neighborhood shows top-quartile amenity access and elevated home values that reinforce long-run reliance on rentals. Within a 3-mile radius, households have increased despite modest population softness, with projections pointing to further household and income growth—supporting a larger tenant base, occupancy stability, and renewal potential. Investors should underwrite thoughtfully for safety and site-level operating practices while leveraging the area’s employment access and renter depth.
- Urban Core location with top-quartile amenity access supporting leasing and retention
- 1986 vintage newer than area average, with value-add and systems-upgrade potential
- High renter concentration and elevated ownership costs deepen the tenant pool
- 3-mile household and income growth outlook supports occupancy stability
- Risk: Safety metrics trend below metro and national medians—plan for security and operating controls