| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 91st | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5914 Bixby Village Dr, Long Beach, CA, 90803, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5914 Bixby Village Dr Long Beach Multifamily Investment
This 20-unit property benefits from neighborhood-level occupancy of 97.7%, ranking in the top quartile nationally among multifamily markets according to CRE market data from WDSuite.
Located in Long Beach's inner suburb environment, this neighborhood demonstrates strong fundamentals with an A- rating and ranks in the top quartile among the metro's 1,441 neighborhoods. The area maintains 97.7% occupancy rates, significantly above national averages, while median contract rents of $2,814 reflect robust pricing power in this coastal California market.
Built in 1986, this property aligns with the neighborhood's average construction year of 1980, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The surrounding area shows 25.8% of housing units are renter-occupied, creating a stable rental demand base supported by high ownership costs that reinforce renter reliance on multifamily housing.
Demographics within a 3-mile radius show a population of 140,449 with household incomes averaging $134,381 and median incomes of $105,848. Projected household growth of 32% through 2028 indicates expanding renter pools that support long-term occupancy stability. The area's high educational attainment, with 37.9% holding bachelor's degrees ranking in the 95th percentile nationally, suggests a quality tenant base.
Amenity access includes strong restaurant density at 10.94 per square mile and cafe availability, though grocery and childcare options are limited within the immediate vicinity. School ratings average 4.5 out of 5, ranking in the top 10% nationally, which supports family tenant retention and market appeal.
Safety metrics show mixed performance compared to metro and national benchmarks. The neighborhood ranks 1,310 out of 1,441 metro neighborhoods for overall crime, placing it in the 23rd percentile nationally. Property offense rates of 561 per 100,000 residents rank in the 35th percentile nationally, while violent crime rates of 86 per 100,000 residents rank in the 34th percentile.
Recent trends indicate increases in both property and violent offense rates over the past year, which investors should monitor for potential impacts on tenant retention and insurance costs. These safety considerations should be weighed against the area's strong occupancy fundamentals and demographic profile when evaluating overall investment risk.
The surrounding employment base includes several major corporate offices within reasonable commuting distance, supporting workforce housing demand and tenant stability.
- Molina Healthcare — healthcare services (4.8 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — manufacturing (5.7 miles)
- Air Products & Chemicals — industrial chemicals (7.2 miles)
- Time Warner Business Class — telecommunications (7.4 miles)
- Airgas — industrial gases (8.1 miles)
This 20-unit Long Beach property offers compelling fundamentals anchored by exceptional neighborhood-level occupancy of 97.7%, ranking in the top quartile nationally. The 1986 construction year presents value-add renovation opportunities while contract rents of $2,814 demonstrate strong pricing power in this coastal California market. Projected household growth of 32% through 2028 supports expanding tenant demand, while high ownership costs reinforce rental market reliance.
The investment case benefits from strong demographic fundamentals, including high educational attainment and above-average incomes within the 3-mile radius. However, investors should carefully evaluate safety metrics and monitor recent increases in crime rates when assessing risk-adjusted returns and tenant retention strategies.
- Neighborhood occupancy of 97.7% ranks top quartile nationally
- Projected 32% household growth through 2028 expands tenant base
- 1986 vintage presents value-add renovation upside
- High ownership costs reinforce rental demand stability
- Safety metrics require monitoring for tenant retention impact