| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 63rd | Good |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3464 Elm Ave, Long Beach, CA, 90807, US |
| Region / Metro | Long Beach |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2011-06-08 |
| Transaction Price | $94,000 |
| Buyer | DUFEK MARIA EUGENIA BADEL |
| Seller | BADEL MONICA |
3464 Elm Ave Long Beach Multifamily Investment
Urban-core positioning supports stable renter demand and leasing durability, according to WDSuite s CRE market data. Neighborhood occupancy trends are healthy and amenity access is strong, favoring consistent performance for well-managed assets.
The property sits within an Urban Core pocket of Long Beach that ranks 127 out of 1,441 metro neighborhoods competitive among Los Angeles-Long Beach-Glendale submarkets by WDSuite s metrics. Amenity access is a clear strength: parks and childcare density are in the top national percentiles, with restaurants, cafes, groceries, and pharmacies also testing well above national medians. These fundamentals typically support leasing velocity and day-to-day livability for tenants.
Neighborhood occupancy is approximately 95% and renter-occupied housing comprises a majority of units, indicating a deep tenant base and demand resilience for multifamily operators. Median contract rents in the immediate area benchmark above national levels, reflecting local income capacity and the submarket s amenity profile.
Within a 3-mile radius, WDSuite s demographics show households have grown even as population edged lower, implying smaller household sizes and a diversified renter pool. Rising incomes in the area, alongside steady renter household share, support tenant retention and reduce turnover risk for appropriately positioned product.
Home values trend high relative to the nation (around the 90th percentile), characterizing a high-cost ownership market. For investors, this often sustains reliance on rentals and can bolster pricing power for quality units, while still requiring disciplined lease management to maintain affordability balance.
Neighborhood safety trends are mixed relative to broader benchmarks. The area ranks 1,312 out of 1,441 metro neighborhoods on WDSuite s crime index, which is below the metro average, and national safety percentiles sit in the lower ranges (violent and property crime well below the national median). Recent year-over-year readings indicate higher reported violent incidents and elevated property incidents versus prior-year levels.
For investors, this points to the importance of practical on-site measures ighting, access control, and resident engagement and factoring security-related operating costs into underwriting. Comparative crime levels can also influence tenant mix and marketing strategy; operators with strong management practices often mitigate these risks and stabilize performance.
Proximity to established corporate employers supports a consistent renter base and commute convenience for residents. Notable nearby employers include Air Products & Chemicals, Molina Healthcare, Airgas, Time Warner Business Class, and Raytheon Public Safety RTC.
- Air Products & Chemicals industrial gases (2.6 miles)
- Molina Healthcare healthcare services (3.8 miles) HQ
- Airgas industrial gases (4.4 miles)
- Time Warner Business Class telecommunications (8.0 miles)
- Raytheon Public Safety RTC defense & aerospace offices (8.5 miles)
3464 Elm Ave is a 24-unit asset built in 1977, slightly newer than the neighborhood s average vintage. That positioning can offer a competitive edge versus older stock while leaving room for targeted modernization to enhance rentability and operating efficiency. According to CRE market data from WDSuite, the surrounding neighborhood shows healthy occupancy, strong amenity access, and a majority share of renter-occupied housing units all supportive of durable multifamily demand.
Within a 3-mile radius, households have increased as average household size declined and incomes climbed, pointing to a broader tenant base and potential for steady absorption. High relative home values in the area reinforce reliance on rental housing, which can support pricing power for well-managed properties. Key risks include below-metro safety rankings that may require enhanced security investments and vigilant lease management.
- Urban-core location with strong amenity access and healthy neighborhood occupancy supporting leasing stability
- Majority renter-occupied housing share indicates deep tenant base and ongoing multifamily demand
- 1977 vintage offers value-add via targeted modernization while remaining competitive versus older stock
- High-cost ownership market reinforces renter reliance and can support measured rent growth
- Risk: below-metro safety metrics may elevate operating costs and require proactive management