| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 27th | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1549 Locust Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1549 Locust Ave Long Beach Multifamily Investment
This 28-unit property operates in a high-density rental market with 81.2% renter occupancy and strong neighborhood amenity access. Commercial real estate analysis indicates stable fundamentals in Long Beach's urban core environment.
Located in Long Beach's urban core, this neighborhood demonstrates strong rental fundamentals with 81.2% of housing units occupied by renters, ranking in the top 1% nationally. The area maintains a 94.9% occupancy rate and supports median contract rents of $1,366, with rents increasing 48.7% over five years. Built in 1984, this property represents newer vintage compared to the neighborhood average of 1959, positioning it competitively for reduced near-term maintenance requirements.
Demographics within a 3-mile radius show a population of 227,665 with 72.4% renter-occupied housing units and median household income of $71,347. The area exhibits exceptional amenity density with 18.65 restaurants per square mile, 5.33 grocery stores per square mile, and strong childcare access, all ranking in the 96th percentile nationally. These amenities support tenant retention in the competitive Long Beach rental market.
Forward-looking indicators suggest continued rental demand with projected household growth of 33.9% through 2028 and median rent increases to $2,128. The neighborhood's B- rating reflects solid fundamentals despite income levels below metro averages, with the high renter concentration reinforcing multifamily housing demand in this urban core location.
Property crime rates in this neighborhood rank 1,215th among 1,441 metro neighborhoods, placing it in the lower quartile for safety performance. Violent crime rates rank 1,357th of 1,441 neighborhoods, indicating elevated crime levels compared to the broader Los Angeles-Long Beach metro area.
Both property and violent crime rates have increased over the past year, with property offenses up 24.7% and violent offenses up 11.3%. These trends warrant consideration in tenant retention strategies and property management protocols, though the urban core location continues to attract renters seeking proximity to employment and amenities.
The Long Beach area provides access to diverse corporate employers supporting workforce housing demand, with healthcare services and industrial operations anchoring the local employment base.
- Molina Healthcare — healthcare services (1.5 miles) — HQ
- Air Products & Chemicals — industrial chemicals (3.0 miles)
- Airgas — industrial gases (6.7 miles)
- Time Warner Business Class — telecommunications (9.4 miles)
- Raytheon Public Safety RTC — defense & aerospace (10.7 miles)
This 28-unit property built in 1984 operates in a fundamentally strong rental market where 81.2% of housing units are renter-occupied, ranking in the 99th percentile nationally. The neighborhood maintains 94.9% occupancy rates with rents that have grown 48.7% over five years, supported by exceptional amenity density and proximity to major employers including Molina Healthcare headquarters. CRE market data from WDSuite confirms projected household growth of 33.9% through 2028, indicating sustained rental demand in Long Beach's urban core.
The property's 1984 construction year provides newer vintage advantages compared to the 1959 neighborhood average, reducing immediate capital expenditure needs while maintaining competitive positioning. With median household income of $71,347 within three miles and projected rent growth to $2,128, the fundamentals support stable cash flows, though income levels below metro averages and elevated crime rates require active management consideration.
- High renter concentration (81.2%) ranks top 1% nationally
- Strong occupancy fundamentals at 94.9% neighborhood rate
- Newer vintage (1984) versus neighborhood average (1959)
- Projected 33.9% household growth through 2028
- Risk: Crime rates rank in bottom quartile among metro neighborhoods