| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 57th | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2132 E Bermuda St, Long Beach, CA, 90814, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 23 |
| Transaction Date | 2001-03-02 |
| Transaction Price | $2,050,000 |
| Buyer | RED CURB INVESTMENTS LLC |
| Seller | LEXTON INC |
2132 E Bermuda St Long Beach Multifamily Investment
Neighborhood-level indicators point to a deep renter base and steady occupancy, according to WDSuite’s CRE market data, supporting durable demand for this 23-unit asset in Long Beach.
Situated in Long Beach’s Urban Core, the property benefits from a neighborhood rated A and ranked 168 among 1,441 metro neighborhoods, placing it competitive among Los Angeles-Long Beach-Glendale submarkets. Amenity access scores in the top quartile nationally, with dense coverage of restaurants, groceries, and pharmacies that supports tenant convenience and lease retention.
Renter-occupied housing accounts for a large share of neighborhood units (76.4%), indicating a deep tenant pool for multifamily. Neighborhood occupancy is above national norms and has trended modestly higher over five years, which supports income stability and reduces downtime between turns.
Within a 3-mile radius, households have increased even as total population edged lower, signaling smaller household sizes and a broader addressable renter base. Looking ahead, forecasts indicate continued growth in households and incomes alongside higher asking rents, expanding the pool of income-qualified renters and supporting pricing discipline. Based on CRE market data from WDSuite, median home values and a high value-to-income ratio (top national percentiles) reflect a high-cost ownership market that tends to reinforce reliance on multifamily rentals.
The building’s 1986 vintage is newer than the neighborhood’s older average stock (1958), which can be competitively advantageous versus pre-1970 assets while still warranting capital planning for systems modernization and targeted interior updates to capture renovation upside.
Schools score near the national midpoint, so leasing appeal will lean more on amenity access and commute convenience than school-driven demand. Rent-to-income dynamics suggest some affordability pressure; proactive lease management and curated upgrade scopes can support retention while preserving achievable rent premiums.
Safety indicators are below national benchmarks here, with the area landing in a lower national percentile and in the bottom decile among 1,441 metro neighborhoods by crime rank. Recent year-over-year increases in both property and violent offense rates were reported. For investors, this typically calls for practical risk management: lighting, access control, and attentive on-site operations to support resident confidence and protect income stability.
Context matters: the Urban Core setting offers strong amenity access and employment connectivity, but operators should underwrite security-related operating expenses and monitor neighborhood trends over time rather than relying on block-level assumptions.
Proximity to healthcare, industrial, and telecom employers supports a diverse renter base and commute convenience, which can aid leasing and retention. Nearby employment anchors include Molina Healthcare, Air Products & Chemicals, Airgas, INTERNATIONAL PAPER Cypress Retail Packaging, and Time Warner Business Class.
- Molina Healthcare — healthcare services (2.0 miles) — HQ
- Air Products & Chemicals — industrial gases (4.9 miles)
- Airgas — industrial gases (7.8 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — paper & packaging (8.4 miles)
- Time Warner Business Class — telecom & business services (9.2 miles)
This 23-unit, 1986-vintage asset sits in an amenity-rich Urban Core location with above-average neighborhood occupancy and a high renter concentration, pointing to durable demand and relatively predictable leasing. Elevated home values and a high value-to-income ratio in the neighborhood help sustain reliance on rentals, while the property’s newer-than-local-vintage positioning offers a path to selective upgrades that can sharpen competitiveness against older stock.
According to commercial real estate analysis from WDSuite, household growth and rising incomes within a 3-mile radius underpin a larger income-qualified renter pool, and forward-looking rent expectations suggest room for disciplined pricing and value-add execution. Operators should still plan for prudent security measures and monitor affordability pressure in underwriting.
- Amenity-rich Urban Core with top-tier access to groceries, restaurants, and services supports leasing and retention.
- High renter concentration and above-average neighborhood occupancy indicate depth of demand and income stability.
- 1986 vintage offers competitive positioning versus older local stock, with targeted renovation and systems modernization potential.
- Elevated home values and ownership costs bolster reliance on rentals, supporting pricing discipline.
- Risks: below-national safety benchmarks and renter affordability pressure require thoughtful operations and underwriting.