| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 63rd | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5101 E Anaheim St, Long Beach, CA, 90804, US |
| Region / Metro | Long Beach |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 2009-04-01 |
| Transaction Price | $4,100,000 |
| Buyer | Rod S Kossack Separate Property |
| Seller | James R Belardi Revocable Trust |
5101 E Anaheim St Long Beach Multifamily Investment
This 20-unit property benefits from Long Beach's renter-concentrated housing market, where elevated home values sustain rental demand among the area's growing professional workforce.
Located in Long Beach's urban core, this neighborhood ranks among the top quartile of Los Angeles metro neighborhoods for housing fundamentals and amenity access. With 68.2% of housing units being renter-occupied, the area demonstrates strong multifamily demand that supports tenant retention and lease stability. The property's 1987 construction year positions it as newer than the neighborhood average of 1972, potentially reducing near-term capital expenditure needs while maintaining competitive positioning.
Demographic data aggregated within a 3-mile radius shows a stable renter pool of approximately 182,000 residents, with household income growth of 31.6% over five years reaching a median of $95,118. The area's high concentration of amenities—ranking in the 98th percentile nationally for restaurants and grocery stores—enhances tenant appeal and retention prospects. Home values averaging $770,500 with 51% appreciation over five years reinforce rental demand by limiting accessibility to ownership options.
Neighborhood-level occupancy trends show 93.1% occupancy, providing a stable foundation for rental operations. The rent-to-income ratio presents affordability pressure considerations for lease management, while the area's strong educational profile with 29.2% of residents holding bachelor's degrees supports professional tenant demographics. Looking forward, demographic projections within the 3-mile radius indicate household growth of 34.7% through 2028, expanding the potential tenant base and supporting long-term multifamily demand.
Safety metrics indicate challenges that require consideration in investment analysis. The neighborhood ranks in the lower quartile among 1,441 Los Angeles metro neighborhoods for overall crime trends, with both property and violent offense rates above regional averages. Recent data shows increases in both property offense rates (67.3% year-over-year) and violent offense rates (77.8% year-over-year), suggesting ongoing security concerns that may impact tenant retention and property management considerations.
While these metrics present risk factors, many successful multifamily investments operate effectively in urban core environments by implementing appropriate security measures and property management strategies. Investors should factor potential security enhancements and their associated costs into underwriting and capital planning decisions.
The property benefits from proximity to established corporate employers that support workforce housing demand in the Long Beach area, with major healthcare and industrial companies providing employment stability within commuting distance.
- Molina Healthcare — healthcare services (3.9 miles) — HQ
- Air Products & Chemicals — industrial chemicals (6.0 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging & manufacturing (6.5 miles)
- Airgas — industrial gases (7.1 miles)
- Time Warner Business Class — telecommunications (7.3 miles)
This Long Beach multifamily property capitalizes on strong rental market fundamentals, with 68.2% renter-occupied housing units demonstrating deep tenant demand in an area where elevated ownership costs sustain reliance on rental housing. The neighborhood's top-quartile ranking for amenity access and housing metrics among Los Angeles metro areas supports tenant retention, while demographic projections show household growth of 34.7% through 2028 according to CRE market data from WDSuite, expanding the potential renter pool.
The property's 1987 vintage provides competitive positioning as newer construction relative to the 1972 neighborhood average, potentially reducing immediate capital expenditure requirements. Strong employment anchors within commuting distance, including Molina Healthcare's headquarters and established industrial employers, provide workforce stability that supports occupancy and rental income consistency.
- High renter concentration (68.2%) indicates strong multifamily demand and tenant pool depth
- Projected household growth of 34.7% through 2028 supports long-term rental demand expansion
- Top-quartile amenity access enhances tenant appeal and retention prospects
- Newer construction year (1987) relative to neighborhood average reduces near-term capital needs
- Risk consideration: Safety metrics rank in lower quartile, requiring security enhancement planning