| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 33rd | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5075 Atlantic Ave, Long Beach, CA, 90805, US |
| Region / Metro | Long Beach |
| Year of Construction | 1979 |
| Units | 20 |
| Transaction Date | 2004-12-21 |
| Transaction Price | $2,225,000 |
| Buyer | WALKER ANN LOIS |
| Seller | LONG BEACH TRADING COMPANY INC |
5075 Atlantic Ave Long Beach Multifamily Investment
Neighborhood occupancy is in the high 90s with renter concentration above the metro median, indicating durable tenant demand for this 20-unit asset, according to WDSuite’s CRE market data. Positioned in North Long Beach, the property serves a workforce renter base where elevated ownership costs sustain leasing depth.
Long Beach’s North corridor supports day-to-day livability for renters, with dense neighborhood retail. Grocery access is particularly strong (top percentile nationally), and pharmacies and childcare options are also abundant, while parks and cafes are comparatively limited. For investors, this mix supports convenience-driven retention even if recreational amenities are thinner nearby.
The neighborhood’s occupancy rate is 97.7% (top quartile nationally) and ranks 305 out of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, pointing to stable leasing conditions. A substantial share of housing units are renter-occupied at the neighborhood level (58.8%), reinforcing depth of the tenant base for multifamily. Median contract rents sit above national norms, yet the rent-to-income ratio trends modest by coastal standards, which can aid renewal outcomes and support pricing discipline.
Home values in the surrounding neighborhood are elevated (91st percentile nationally) and the value-to-income ratio is high (97th percentile). In practice, this high-cost ownership market tends to sustain reliance on multifamily housing, supporting occupancy stability and reducing competitive pressure from entry-level ownership alternatives.
Within a 3-mile radius, WDSuite’s demographics show slight population growth over the last five years and a projected increase in households through 2028, implying a larger tenant base over time. Household sizes are gradually trending smaller, which can translate into steady demand for smaller formats and consistent absorption of one- and two-bedroom units. Average school ratings are below the national median, which may temper some family-driven demand but does not preclude steady workforce housing performance.
Safety indicators for the neighborhood track below national norms, with crime rankings placing the area in lower national percentiles. Within the Los Angeles–Long Beach–Glendale metro, the neighborhood’s crime rank falls in the weaker half among 1,441 neighborhoods, indicating investors should underwrite enhanced security measures and active property management to support resident comfort and retention.
While year-over-year estimates indicate elevated violent and property offense levels relative to many U.S. neighborhoods, investors typically address this through lighting, access control, and community engagement. Framing safety comparatively helps calibrate expectations: conditions are below the metro average today, and performance will hinge on hands-on operations rather than passive leasing.
Nearby employers provide a diversified workforce draw that supports leasing and renewal prospects, particularly for residents prioritizing commute convenience to industrial, healthcare, and consumer goods operations. The list below highlights notable employers within an approximately 2–7 mile radius that anchor local renter demand.
- Airgas — industrial gases (2.5 miles)
- Air Products & Chemicals — industrial gases (3.6 miles)
- Molina Healthcare — healthcare services (5.7 miles) — HQ
- Raytheon Public Safety RTC — defense & aerospace offices (6.8 miles)
- Coca-Cola Downey — beverage bottling/distribution (6.8 miles)
Built in 1979, the 20-unit property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older local stock while still presenting potential value-add through targeted common-area updates and system modernization. Neighborhood occupancy is strong and renter-occupied housing share is high, supporting demand durability even as residents face a high-cost ownership landscape. According to CRE market data from WDSuite, neighborhood rents sit above national norms while rent-to-income levels remain manageable for many workforce households, which can support retention and disciplined rent setting.
Within a 3-mile radius, WDSuite’s demographics point to modest population growth and a projected increase in households, implying gradual renter pool expansion. Amenity access favors essentials—groceries, pharmacies, and childcare—supporting day-to-day livability, though parks and cafes are thinner. Investors should account for below-average school ratings and comparatively weak safety metrics with proactive management and capital plans geared to security and curb appeal.
- High neighborhood occupancy and elevated renter concentration support leasing stability
- 1979 vintage offers competitive positioning versus older stock with value-add potential
- Elevated ownership costs bolster reliance on rentals, aiding pricing power and renewals
- 3-mile household growth outlook supports gradual renter pool expansion
- Risks: below-average school ratings and safety metrics require active management and security investments