| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 28th | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2200 W Willard St, Long Beach, CA, 90810, US |
| Region / Metro | Long Beach |
| Year of Construction | 2009 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2200 W Willard St Long Beach Multifamily Investment
Newer 2009 construction in a renter-heavy Long Beach neighborhood supports durable tenant demand, according to WDSuite’s CRE market data. Elevated ownership costs in the area further reinforce reliance on multifamily rentals, positioning this 73-unit asset for steady occupancy management.
The property sits in Long Beach’s Urban Core with a neighborhood rating of C- among 1,441 metro neighborhoods, indicating mixed fundamentals but a sizable renter pool. Neighborhood occupancy measures near the national middle, while the share of housing units that are renter-occupied is in the top tier (96th percentile nationally), pointing to a deep tenant base and consistent multifamily demand, based on CRE market data from WDSuite.
Daily needs are well covered: grocery access ranks in the top national percentiles (98th), and parks density is similarly strong (97th), supporting livability and resident retention. At the same time, cafés and pharmacies are limited locally, which may modestly affect walk-to-amenity appeal and should be weighed against the strong essentials access.
Home values in the neighborhood are elevated (around the 90th percentile nationally) and the value-to-income ratio trends high (96th percentile). For investors, this high-cost ownership market typically sustains rental demand and can aid pricing power and lease-up velocity relative to more ownership-accessible submarkets.
Within a 3-mile radius, demographics show households increasing even as population edges down, reflecting smaller average household sizes and a potential expansion of the renter pool. Median rents in the neighborhood benchmark in the upper national bands, while local school ratings track below national norms, which may influence family-oriented leasing but is often offset by workforce demand and proximity to employment.
Relative to the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, this area trends below metro average on safety, and it sits in a lower national percentile for safety. Recent estimates also indicate year-over-year increases in both property and violent offenses. Investors typically address this through standard risk controls such as lighting, access management, and resident engagement, and by underwriting for security line items.
Nearby employers anchor a broad workforce base that supports renter demand and commute convenience, including industrial gases, healthcare administration, and business services. The following employers are within a practical commute and can help underpin leasing stability.
- Air Products & Chemicals — industrial gases (1.4 miles)
- Molina Healthcare — healthcare administration (2.3 miles) — HQ
- Airgas — industrial gases (6.8 miles)
- Time Warner Business Class — business services (10.6 miles)
Constructed in 2009, the asset is materially newer than the surrounding housing stock and should compete well against older buildings, while investors can still plan for mid-life system updates or selective renovations to drive rent positioning. The neighborhood’s renter concentration (top national tier) and mid-range occupancy support a stable tenant base, and elevated home values locally reinforce reliance on rental housing. Within a 3-mile radius, households are rising even as population trends modestly lower—consistent with shrinking household sizes—supporting a broader base of renters over time.
According to commercial real estate analysis from WDSuite, essential amenities like groceries and parks are strong, while cafés and pharmacies are limited, creating a mixed but serviceable livability profile. Safety trends are weaker than metro averages and should be reflected in operations and underwriting, but proximity to anchor employers and the property’s newer vintage provide offsetting strengths for long-term hold strategies.
- Newer 2009 construction offers competitive positioning versus older local stock with potential value-add through targeted upgrades.
- High renter-occupied share indicates deep tenant demand and supports occupancy stability.
- Elevated ownership costs in the area reinforce multifamily demand and pricing power.
- Essentials access (groceries, parks) is strong, aiding retention despite limited cafés/pharmacies.
- Risks: below-metro safety metrics and modest amenity gaps; budget for security and targeted improvements.