| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 27th | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1451 Atlantic Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1993 |
| Units | 75 |
| Transaction Date | 2015-02-18 |
| Transaction Price | $10,800,000 |
| Buyer | SEA MIST VOA AFFORDABLE HOUSING LP |
| Seller | LONG BEACH VOA ELDERLY HOUSING INC |
1451 Atlantic Ave Long Beach Multifamily Investment
According to WDSuite’s CRE market data, the surrounding neighborhood maintains high renter concentration and steady occupancy, supporting demand durability for a 75‑unit asset in an Urban Core setting.
The property sits in Long Beach’s Urban Core within the Los Angeles–Long Beach–Glendale metro, where neighborhood occupancy is reported at 94.9%, indicating generally steady renter demand at the neighborhood level (per WDSuite). The area’s housing stock is older on average (1959 typical vintage), making a 1993 asset relatively newer and competitively positioned versus nearby buildings while still warranting selective modernization planning.
Amenity access is a local strength: restaurants, grocery stores, pharmacies, cafes, and childcare options rank in the top quartile nationally, and the neighborhood’s amenity ranking is above the metro median among 1,441 neighborhoods. Limited park density suggests fewer nearby green spaces, but daily-needs retail is unusually close for an urban sub-area. Average school ratings track near the national middle, offering neither a clear tailwind nor a major drag for leasing.
Tenure patterns favor multifamily: the neighborhood shows an elevated share of housing units that are renter-occupied (99th percentile nationally), signaling a large tenant base and depth for leasing. At the same time, a rent-to-income profile indicative of affordability pressure (0.31 at the neighborhood level) points to the need for careful lease management and renewal strategies.
Within a 3-mile radius, demographics show a slight population contraction in recent years alongside an increase in households, implying smaller household sizes and a stable-to-expanding renter pool. Forward-looking estimates in WDSuite point to modest population growth and a notable increase in households, which supports occupancy stability and absorption potential for professionally managed apartments. Elevated home values relative to incomes in the neighborhood context reinforce reliance on rental housing, which can aid retention and pricing power for well-maintained units.
Safety indicators for the neighborhood trend below both metro averages and national norms, according to WDSuite’s CRE data. The area ranks in the lower portion of Los Angeles–Long Beach–Glendale neighborhoods (1,441 total), and national percentiles indicate comparatively higher levels of both property and violent offenses.
Recent year-over-year changes show increases in estimated property and violent offense rates. For investors, this suggests emphasizing on-site management presence, lighting and access controls, and resident engagement to support leasing and retention. Monitoring neighborhood trendlines remains important, as submarket conditions can shift with local investment and community initiatives.
Proximity to regional employers supports commuter convenience and renter demand, notably from healthcare, industrial gases, telecom services, and packaging operations located within an easy drive of the asset.
- Molina Healthcare — healthcare services (1.5 miles) — HQ
- Air Products & Chemicals — industrial gases (3.3 miles)
- Airgas — industrial gases (6.8 miles)
- Time Warner Business Class — telecom services (9.3 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging operations (9.4 miles)
Built in 1993, the property is newer than much of the surrounding housing stock, positioning it competitively in an amenity-rich Urban Core that sustains high renter-occupied share and neighborhood occupancy. Elevated ownership costs in the area, combined with a large local renter base and increasing household counts within 3 miles, support ongoing demand for well-managed units and potential for steady lease-up and renewals.
According to commercial real estate analysis from WDSuite, neighborhood occupancy trends are stable and household growth is projected to expand the tenant base, while the area’s rent-to-income profile suggests investors should balance pricing with retention to preserve cash flow. Select capital planning for systems and common-area updates can enhance positioning versus older nearby stock without overreaching on scope.
- Newer 1993 construction relative to the local 1950s-era stock supports competitive positioning
- High renter-occupied share and steady neighborhood occupancy underpin demand resilience
- Amenity-rich Urban Core location aids retention and leasing velocity
- Household growth within 3 miles expands the tenant base over the medium term
- Risks: below-average safety metrics and rent-to-income pressure require proactive lease and asset management