| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 44th | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 425 Lime Ave, Long Beach, CA, 90802, US |
| Region / Metro | Long Beach |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | 2014-11-24 |
| Transaction Price | $1,106,500 |
| Buyer | NNC LIME AVENUE LLC |
| Seller | MERA EDISON W |
425 Lime Ave, Long Beach Multifamily Investment
Renter demand is supported by an Urban Core location with a deep tenant base, according to WDSuite’s CRE market data, offering potential for steady occupancy and disciplined rent management informed by commercial real estate analysis.
Situated in Long Beach’s Urban Core, the property benefits from a high-amenity environment that supports leasing and retention. The neighborhood scores in the top tier nationally for cafes, groceries, restaurants, and everyday services, which translates into convenience-driven appeal for renters and fewer friction points for day-to-day living.
Renter-occupied housing is prevalent at the neighborhood level, indicating a deep pool of prospective tenants and reinforcing multifamily demand. Neighborhood occupancy is broadly stable for the metro context; while performance can fluctuate, the area’s renter concentration supports ongoing leasing activity. According to WDSuite’s multifamily property research, the surrounding school ratings are mixed, which can shift tenant mix toward young professionals and service workers who prioritize proximity to jobs and amenities.
Within a 3-mile radius, households have increased even as overall population has edged lower, signaling smaller household sizes and a renter pool oriented toward apartments rather than larger single-family homes. Forward-looking estimates indicate continued growth in household counts alongside higher incomes, which can support rent levels and occupancy stability for well-managed assets.
Home values are elevated relative to local incomes, creating a high-cost ownership landscape that sustains reliance on rental housing. For investors, this typically supports pricing power and lease-up velocity, though it warrants attentive lease management to navigate affordability pressure and optimize retention.
Safety indicators for the neighborhood trail both national and many Los Angeles metro benchmarks. National percentiles point to higher-than-average property and violent crime compared with neighborhoods across the country, so prudent security measures, lighting, and insurance planning are advisable for underwriting and operations.
Trends over the most recent year indicate property and violent incidents have moved higher in the area. For investors, this argues for conservative expense assumptions and proactive tenant-experience strategies, while recognizing that Urban Core locations often trade crime exposure for proximity to employment and amenities.
The surrounding employment base features healthcare and diversified corporate offices that help anchor demand and shorten commutes for residents, including Molina Healthcare, Air Products & Chemicals, Airgas, International Paper (packaging), and Time Warner Business Class.
- Molina Healthcare — healthcare administration (1.0 miles) — HQ
- Air Products & Chemicals — industrial gases (4.0 miles)
- Airgas — industrial gases (7.6 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (9.4 miles)
- Time Warner Business Class — telecom services (9.8 miles)
425 Lime Ave is a 20-unit 1973 vintage asset positioned in a renter-dense Urban Core. The building’s vintage is newer than the neighborhood’s average housing stock, which can enhance competitive positioning versus older properties; however, investors should plan for ongoing system upgrades and selective renovations to capture value-add upside. Elevated home values relative to incomes reinforce reliance on multifamily housing, supporting demand depth and pricing power for well-operated communities.
Based on CRE market data from WDSuite, neighborhood occupancy remains supported by a high share of renter-occupied units and strong amenity access. Within a 3-mile radius, a shift toward more households with smaller sizes and rising income projections suggests a broader tenant base over the medium term, which can underpin leasing and rent growth for appropriately positioned units.
- Urban Core location with strong amenities and commuter access supports leasing and retention
- Renter concentration and expanding household counts (3-mile radius) indicate sustained tenant demand
- 1973 vintage offers value-add potential while competing well against older local stock
- High-cost ownership market bolsters pricing power but calls for careful affordability and lease management
- Risk: crime metrics trail metro and national benchmarks—underwrite for security, insurance, and operations