| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2355 Long Beach Blvd, Long Beach, CA, 90806, US |
| Region / Metro | Long Beach |
| Year of Construction | 2010 |
| Units | 46 |
| Transaction Date | 2006-11-29 |
| Transaction Price | $357,500 |
| Buyer | LONG BEACH & BURNETT LP |
| Seller | SHIRAZ INVESTMENT GROUP LLC |
2355 Long Beach Blvd Long Beach Multifamily Investment
2010-vintage, mid-size asset positioned in a renter-heavy Long Beach neighborhood where occupancy has remained stable at the neighborhood level, according to WDSuite’s CRE market data. Newer construction relative to local stock supports competitive positioning against older buildings.
The property sits in an Urban Core pocket of Long Beach rated B among 1,441 metro neighborhoods. Neighborhood occupancy is competitive among Los Angeles-Long Beach-Glendale, CA neighborhoods, supporting income stability for professionally managed assets. Roughly six in ten housing units are renter-occupied, indicating a deep tenant base for multifamily operators.
Local convenience is a strength: grocery and pharmacy density ranks in the top percentiles nationally, and restaurants are plentiful. Parks and cafes are thinner nearby, so lifestyle appeal leans more practical than leisure-oriented. Average school ratings in the immediate neighborhood trail national norms, which may influence unit mix strategy and marketing toward workforce and adult households.
Home values in the neighborhood are elevated compared with most U.S. areas, which tends to sustain reliance on rental housing and supports retention for well-run communities. At the same time, rent-to-income levels are manageable for the area, a combination that can help maintain lease stability. These dynamics align with investor takeaways from commercial real estate analysis while remaining specific to neighborhood-level conditions.
Within a 3-mile radius, demographics indicate modest population softening alongside an increase in households and smaller average household sizes over time. For multifamily owners, that pattern points to a larger pool of individual households entering the rental market and supports steady leasing, even as family counts level out. Median educational attainment has improved, adding to income resilience and demand for updated, professionally managed product.
Safety trends should be underwritten conservatively. This neighborhood ranks below the metro median on safety among 1,441 Los Angeles-Long Beach-Glendale, CA neighborhoods and trails national norms. Investors may wish to emphasize security measures and visibility as part of operations and value-add scopes.
Recent directional data are mixed: estimated property offenses have eased year over year, while violent-offense indicators moved higher. Positioning and asset-level practices (lighting, access control, and active management) are important to support resident retention and leasing velocity.
The surrounding employment base blends healthcare, industrial gases, and telecom services, providing a diverse commuter pool that supports renter demand and lease retention for nearby multifamily assets. Notable employers include Molina Healthcare, Air Products & Chemicals, Airgas, Time Warner Business Class, and International Paper’s Cypress Retail Packaging.
- Molina Healthcare — healthcare services (2.4 miles) — HQ
- Air Products & Chemicals — industrial gases (2.6 miles)
- Airgas — industrial gases distribution (5.8 miles)
- Time Warner Business Class — telecommunications (8.8 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (9.5 miles)
Built in 2010, the asset is materially newer than the neighborhood’s prewar-dominated stock, offering competitive appeal versus older properties while leaving room for targeted updates to systems and finishes over the hold period. Based on CRE market data from WDSuite, neighborhood occupancy sits in a competitive range within the metro, and a high renter concentration supports depth of demand for a 46-unit community.
Area fundamentals point to durable renter demand: elevated home values in the neighborhood reinforce reliance on multifamily housing, while rent-to-income levels indicate manageable affordability that can aid lease retention. Within a 3-mile radius, households are increasing even as average household size declines, expanding the tenant base and supporting occupancy stability for well-located assets along Long Beach Blvd.
- 2010 vintage offers competitive positioning versus older neighborhood stock, with optional value-add upgrades
- Competitive neighborhood occupancy and a renter-heavy area support steady leasing and collections
- Elevated ownership costs locally reinforce multifamily demand and help sustain pricing power
- 3-mile household growth and smaller household sizes expand the tenant base and support retention
- Risks: below-metro safety profile and limited park/cafe amenities require thoughtful operations and security