| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 57th | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1330 Redondo Ave, Long Beach, CA, 90804, US |
| Region / Metro | Long Beach |
| Year of Construction | 1990 |
| Units | 20 |
| Transaction Date | 1995-03-13 |
| Transaction Price | $875,000 |
| Buyer | MONAZZAM JAFAR |
| Seller | VULTURE FUND III |
1330 Redondo Ave, Long Beach Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high amenity access, according to WDSuite’s CRE market data. These are neighborhood-level metrics, not property performance, but they indicate occupancy stability potential for well-run assets in this Urban Core pocket of Long Beach.
The surrounding Urban Core neighborhood rates highly for daily convenience, with amenities scoring in the top quartile nationally and competitive among Los Angeles–Long Beach–Glendale neighborhoods (ranked 48 out of 1,441). Restaurant and grocery density sit near the 99th percentile nationwide, supporting walkable living that tends to deepen the local renter pool.
Multifamily dynamics are constructive: the neighborhood s occupancy is above national norms and renter-occupied housing accounts for a high share of units (76.4% renter concentration). These are neighborhood statistics, not property data, but they suggest depth of demand and potential lease-up resilience for comparable product.
Property vintage matters for positioning. The average construction year in the neighborhood is 1958, while this property was built in 1990. The relatively newer vintage can be competitive versus nearby older stock, though investors should still plan for modernization and systems updates typical of 1990s assets.
Demographic trends within a 3-mile radius show a modest population dip over the last five years but an increase in households, indicating smaller household sizes and a broader base of renters. Forward-looking data points to population growth and additional household gains, which can support occupancy stability and absorption for well-maintained units.
Ownership costs are elevated in this area (home values and value-to-income metrics rank high nationally). In practice, a high-cost ownership market tends to sustain reliance on rental housing, supporting tenant retention and pricing power for competitive multifamily assets.
Safety indicators are mixed relative to the region and nation. The neighborhood s overall crime rank is toward the higher-crime end of the Los Angeles–Long Beach–Glendale metro (ranked 1,338 out of 1,441), and national positioning is in the lower percentiles for safety. Year-over-year estimates point to recent increases in both property and violent offenses locally. These are neighborhood-level readings and can vary by block and over time.
Investors typically address this by emphasizing lighting, access control, and resident engagement, and by aligning operations with local policing resources. Monitoring trend direction and comparable submarkets is prudent when underwriting retention and operating costs.
Nearby employers provide a varied white-collar and industrial base that supports renter demand and commute convenience, notably in healthcare, industrial gases/packaging, and telecom/business services. The list below focuses on organizations most proximate to the property.
- Molina Healthcare healthcare services (3.0 miles) HQ
- Air Products & Chemicals industrial gases/chemicals (5.0 miles)
- Airgas industrial gases distribution (6.9 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging packaging (7.5 miles)
- Time Warner Business Class telecom/business services (7.9 miles)
1330 Redondo Ave offers 1990-vintage construction in an amenity-dense Long Beach location where neighborhood-level occupancy trends outperform national averages and renter concentration is high. Based on commercial real estate analysis from WDSuite, nearby restaurants, groceries, and pharmacies index in the top national percentiles, a setup that typically supports leasing velocity and resident retention for competitive product.
The 3-mile area shows rising household counts and projected population growth, indicating a larger tenant base ahead even as ownership remains costly relative to incomes. For this 20-unit asset, the relatively newer vintage versus the local 1950s-era stock suggests a competitive position, with potential value-add through modernization to meet renter expectations.
- Amenity-rich Urban Core location supports leasing and retention
- High renter-occupied share in the neighborhood signals depth of demand
- 1990 vintage offers competitive edge versus older local stock with room for upgrades
- Household growth within 3 miles points to a larger tenant base over time
- Risk: Below-average safety metrics require prudent operations and underwriting