| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 67th | Good |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4522 N Lakewood Blvd, Long Beach, CA, 90808, US |
| Region / Metro | Long Beach |
| Year of Construction | 1987 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4522 N Lakewood Blvd Long Beach Multifamily Investment
This 21-unit property built in 1987 operates in a Long Beach neighborhood with stable occupancy fundamentals and strong rental demand dynamics, according to CRE market data from WDSuite.
This Long Beach inner suburb neighborhood ranks in the top quartile nationally for housing metrics, with a B+ rating among the 1,441 neighborhoods in the Los Angeles-Long Beach-Glendale metro. The area demonstrates solid fundamentals with 93.2% neighborhood-level occupancy and median contract rents of $1,701, reflecting stable rental demand in this established residential market.
Demographics within a 3-mile radius show a population of 177,130 with steady growth trends and household income dynamics that support multifamily demand. The median household income of $101,510 provides a solid tenant base, while the 39.3% share of renter-occupied housing units indicates consistent rental market participation. Home values averaging $923,673 reinforce rental demand by keeping elevated ownership costs that sustain renter reliance on multifamily housing.
The property's 1987 construction year aligns with the neighborhood's building stock, suggesting potential value-add opportunities through targeted renovations and modernization. Local amenities include strong restaurant density at 15.86 per square mile, ranking in the 95th percentile nationally, along with adequate childcare and grocery access that supports tenant retention and neighborhood appeal.
The neighborhood's safety profile presents mixed indicators that warrant careful consideration. Property offense rates of 483 per 100,000 residents rank 808th among the 1,441 metro neighborhoods, placing it near the middle of the regional distribution. More concerning, violent offense rates at 192 per 100,000 residents rank 1,183rd regionally, indicating higher crime levels relative to other Long Beach area neighborhoods.
Recent trends show property crime declining by 16.8% year-over-year, which represents a positive development for the area. However, violent crime increased 59.3% over the same period, suggesting ongoing challenges that investors should monitor closely when evaluating tenant retention and property management strategies.
The property benefits from proximity to several major corporate employers that provide workforce housing demand, including industrial and healthcare sector anchors within reasonable commuting distance.
- Airgas — industrial gases and welding supplies (3.3 miles)
- Time Warner Business Class — telecommunications services (5.1 miles)
- Air Products & Chemicals — industrial chemicals (5.5 miles)
- Molina Healthcare — healthcare services (6.1 miles) — HQ
- Raytheon Public Safety RTC — defense & aerospace offices (6.2 miles)
This 21-unit Long Beach property presents a value-add opportunity in a neighborhood with stable occupancy fundamentals and strong rental demand drivers. The area's 93.2% occupancy rate and $1,701 median rents demonstrate consistent market performance, while the 39.3% renter-occupied housing share indicates sustained multifamily demand. Built in 1987, the property offers potential renovation upside to capture higher rents in a market where elevated home values of $923,673 keep many households in the rental pool.
Demographics within a 3-mile radius support long-term rental demand, with a population of 177,130 and median household income of $101,510 providing a stable tenant base. Commercial real estate analysis reveals the neighborhood ranks in the top quartile nationally for housing metrics, though investors should monitor mixed safety indicators and recent violent crime trends when developing property management strategies.
- Stable occupancy at 93.2% with consistent rental demand fundamentals
- Value-add potential through renovation of 1987-vintage property
- High home values reinforce rental demand by maintaining ownership barriers
- Proximity to major employers including Molina Healthcare headquarters
- Risk consideration: Recent increase in violent crime requires active property management