| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 18th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1643 Pacific Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 2007 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1643 Pacific Ave, Long Beach Multifamily Investment
Renter demand is supported by a high concentration of renter-occupied units in the surrounding neighborhood and steady, low‑to‑mid 90s occupancy levels, according to WDSuite s CRE market data. The property s urban core setting offers durable leasing fundamentals relative to older nearby stock.
Located in Long Beach s Urban Core, this asset benefits from strong everyday convenience: neighborhood data indicate restaurants are dense at a top-tier level nationally, and grocery access is competitive (top decile nationwide), while parks, pharmacies, and cafes are less prevalent. For investors, this mix supports daily needs and foot traffic even if green space and boutique retail are limited.
The surrounding housing stock skews older, but this building s 2007 construction is newer than the neighborhood average year of 1947. That positioning generally enhances leasing competitiveness versus older inventory, while investors should still underwrite routine system updates typical for a mid-2000s asset.
Unit tenure patterns point to a deep renter base: WDSuite indicates a very high share of housing units are renter-occupied at the neighborhood level, which supports demand depth for multifamily. Within a 3-mile radius, households have grown even as average household size declined, implying more, smaller households entering the market and a broader tenant base for stabilized occupancy.
Pricing context favors rentals: elevated home values in the neighborhood reinforce reliance on multifamily housing, supporting lease retention and pricing power. School ratings trend below national norms, which may matter less for workforce-oriented demand but is a factor for family-targeted leasing strategies. Overall, neighborhood occupancy trends are competitive among Los Angeles Long Beach Glendale metro neighborhoods, according to CRE market data from WDSuite.
Safety metrics trail both metro and national norms here, with neighborhood crime positioning in the lower national percentiles. Compared with other Los Angeles Long Beach Glendale neighborhoods (1,441 total), this area ranks toward the less safe end of the spectrum, so investors typically plan for enhanced lighting, access control, and professional security protocols to support resident retention.
Recent neighborhood data from WDSuite indicate property and violent offense rates have shown pressure year over year. Rather than block-level conclusions, the prudent approach is comparative: assume above-metro incident rates and budget accordingly for preventative measures and resident communication.
Proximity to established employers underpins renter demand and commute convenience, particularly for healthcare and industrial services. Notable nearby employers include Molina Healthcare, Air Products & Chemicals, Airgas, Time Warner Business Class, and International Paper.
- Molina Healthcare healthcare administration (1.5 miles) HQ
- Air Products & Chemicals industrial gases (2.8 miles)
- Airgas industrial gases & supplies (6.7 miles)
- Time Warner Business Class telecommunications services (9.5 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging packaging operations (9.8 miles)
Built in 2007 with 42 units, this property sits newer than much of the surrounding housing stock, offering competitive positioning versus pre‑war inventory while leaving room for targeted modernization as systems age. High neighborhood renter concentration and dense everyday amenities support a wide tenant base and occupancy stability; elevated ownership costs locally further sustain reliance on rentals, according to CRE market data from WDSuite.
Within a 3-mile radius, household counts have risen alongside smaller household sizes, indicating a broader renter pool and potential for steady leasing. While school ratings and neighborhood safety metrics trail national averages, investors can mitigate with focused security, resident services, and unit-quality differentiation, leveraging the asset s relative vintage and urban accessibility.
- 2007 vintage offers competitive positioning versus older neighborhood stock with selective value-add upside.
- Deep renter-occupied housing base supports multifamily demand and leasing durability.
- Dense restaurant and solid grocery access underpin urban livability and daily convenience.
- Elevated ownership costs in the area reinforce rental reliance and pricing power potential.
- Risks: below-average safety and school ratings; budget for security upgrades and targeted marketing.