| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 50th | Fair |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1215 E San Antonio Dr, Long Beach, CA, 90807, US |
| Region / Metro | Long Beach |
| Year of Construction | 2002 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1215 E San Antonio Dr Long Beach 38-Unit Multifamily Investment
Neighborhood occupancy is exceptionally tight and renter demand is durable for this Long Beach address, according to WDSuite’s CRE market data. This positioning supports stable leasing while a newer 2002 vintage provides a competitive edge versus older local stock.
Located in Long Beach’s Urban Core, the property benefits from a renter-occupied share near half of local housing units (renter concentration 48.3%), indicating a sizable tenant base for multifamily. Neighborhood occupancy ranks 1st among 1,441 metro neighborhoods and sits in the top tier nationally, suggesting strong lease-up and retention potential at the neighborhood level rather than the property specifically.
The asset’s 2002 construction is newer than the neighborhood’s average vintage (1965), which helps competitive positioning against older stock. For investors, this typically means fewer near-term systems replacements than pre-1980 assets, while still leaving optionality for targeted updates to elevate rents and operational performance.
Local livability features are mixed. Cafe density is a relative strength (top national percentile for cafes), supporting daytime foot traffic and convenience, while the immediate neighborhood shows thinner coverage of grocery, parks, and pharmacies—practical to plan for with resident services and marketing that highlight nearby options beyond the immediate blocks. Median contract rents in the neighborhood test above most U.S. areas (high national percentile), and the rent-to-income ratio trends below national medians, which can support retention and measured rent growth management.
Within a 3-mile radius, population and households have been growing and are projected to continue expanding, pointing to a larger tenant base over time. Household incomes have trended higher and are expected to rise further, reinforcing demand for quality rentals; elevated home values compared with national norms support renter reliance on multifamily, which can bolster occupancy stability and pricing power in professionally managed buildings.
Safety indicators for the neighborhood sit below national medians and rank in the lower tier among 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods. Recent year-over-year trends point to increases in both property and violent offense rates at the neighborhood level. Investors typically address this with proven measures such as access control, lighting, and resident screening to support retention and asset performance, while monitoring city and neighborhood crime trends over time.
Nearby corporate offices provide a diversified employment base that supports leasing stability and commute convenience for renters, including industrial gases, managed care, telecommunications, and consumer brands referenced below.
- Airgas — industrial gases (2.8 miles)
- Air Products & Chemicals — industrial gases (3.8 miles)
- Molina Healthcare — managed care (5.4 miles) — HQ
- Raytheon Public Safety RTC — public safety/defense offices (6.8 miles)
- Time Warner Business Class — telecommunications (6.9 miles)
This 38-unit, 2002-vintage community offers a balance of stability and upside in an Urban Core setting where neighborhood occupancy ranks first among 1,441 metro neighborhoods. Elevated home values relative to national norms help sustain reliance on rentals, while a renter-occupied share near half of local units indicates a deep tenant base. According to CRE market data from WDSuite, neighborhood rents benchmark high nationally, yet rent-to-income levels trend below national medians—conditions that can support retention and disciplined pricing.
The asset’s newer vintage versus the local 1960s average positions it competitively against older buildings, with the option to pursue targeted upgrades for value creation. Within a 3-mile radius, population and household growth—alongside rising incomes—point to renter pool expansion that can support occupancy stability over the hold. Key watch items include safety metrics that trail national medians and thinner immediate access to daily-needs retailers, best addressed through standard multifamily risk management and amenity programming.
- Neighborhood occupancy ranks first among 1,441 metro neighborhoods, supporting lease stability
- 2002 vintage competes well versus older local stock, with targeted upgrade potential
- Elevated ownership costs locally reinforce multifamily demand and tenant retention
- 3-mile radius shows growing households and rising incomes, expanding the renter pool
- Risks: below-median safety metrics and thinner immediate daily-needs retail; mitigate via security, lighting, and resident programming