| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 18th | Poor |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1941 Magnolia Ave, Long Beach, CA, 90806, US |
| Region / Metro | Long Beach |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1941 Magnolia Ave Long Beach Multifamily Investment
This 20-unit property from 1972 operates in a predominantly rental neighborhood with 85% renter occupancy. Commercial real estate analysis from WDSuite indicates strong rental demand fundamentals despite area crime considerations.
The property sits in an urban core neighborhood within the Los Angeles-Long Beach-Glendale metro, ranking in the bottom third among 1,441 metro neighborhoods with a C- overall rating. Built in 1972, this property aligns with the neighborhood's 1947 average construction year, indicating potential value-add renovation opportunities given the older building stock.
With 84.7% of housing units renter-occupied, this neighborhood ranks in the top 1% nationally for rental tenure, creating a deep tenant pool for multifamily properties. Current neighborhood-level occupancy sits at 93.1%, though this has declined 2.1 percentage points over five years. Median contract rents of $1,403 have grown 38.6% over the past five years, outpacing many metro areas.
Demographics within a 3-mile radius show 212,843 residents with a median household income of $70,334. The area maintains a 71% renter share, supporting sustained rental demand. Forecasts through 2028 project household growth of 34.9% and median income increases to $106,394, potentially expanding the renter pool and supporting rent growth. However, rent-to-income ratios at 0.31 suggest affordability pressures that require careful lease management considerations.
Amenity access varies significantly, with the neighborhood ranking in the top 10% nationally for grocery stores and restaurants per square mile but lacking parks, cafes, and pharmacies. The area shows strong childcare density, ranking in the 90th percentile nationally, which appeals to family renters in this urban core location.
Property crime rates present investor considerations, with the neighborhood ranking 1,299th among 1,441 metro neighborhoods and in the 11th percentile nationally. Property offense rates of 1,980 per 100,000 residents increased 35.9% over the past year, indicating deteriorating conditions relative to other areas.
Violent crime metrics show similar patterns, with rates of 1,242 per 100,000 residents placing the neighborhood in the bottom 3% nationally. Violent offenses increased 57.7% year-over-year, though this ranks in the 25th percentile for crime rate changes, suggesting the increase is not unique to this area. These safety metrics warrant consideration in tenant screening, property management protocols, and insurance planning.
The property benefits from proximity to major corporate employers that support workforce housing demand, including healthcare and industrial operations within commuting distance.
- Molina Healthcare — healthcare services (1.8 miles) — HQ
- Air Products & Chemicals — industrial chemicals (2.4 miles)
- Airgas — industrial gases (6.4 miles)
- Time Warner Business Class — telecommunications (9.5 miles)
- Raytheon Public Safety RTC — defense & aerospace (10.5 miles)
This 1972-vintage property operates in a fundamentally rental-oriented neighborhood where 85% of housing units are renter-occupied, ranking in the top 1% nationally for rental tenure. The vintage suggests value-add renovation potential to capture upside in a market where median rents have grown 38.6% over five years. CRE market data from WDSuite shows neighborhood-level occupancy at 93.1%, providing stability despite some recent softening.
Demographic projections within a 3-mile radius indicate household growth of 34.9% through 2028, with median incomes rising 51% to $106,394, expanding both the renter pool and potential rent growth. However, current rent-to-income ratios and elevated crime rates require active management strategies around tenant retention, security measures, and competitive positioning within the broader Long Beach multifamily market.
- Top 1% nationally for rental tenure at 85% renter-occupied housing units
- Value-add potential with 1972 construction in neighborhood averaging 1947 vintage
- Projected 35% household growth and 51% income growth through 2028
- Proximity to major employers including Molina Healthcare headquarters
- Crime trends require enhanced security protocols and tenant screening