| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 91st | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5918 Bixby Village Dr, Long Beach, CA, 90803, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5918 Bixby Village Dr Long Beach Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by high-income households nearby, according to WDSuite’s CRE market data. This submarket’s stability and established amenities underpin steady leasing, with pricing shaped by a high-cost homeownership context.
Located in Long Beach’s inner-suburban fabric, the property benefits from an A- neighborhood rating and a renter base supported by strong incomes and established amenities. Neighborhood occupancy is in the top quartile among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, a positive indicator for lease stability and renewal potential based on WDSuite’s CRE market data.
Amenity access trends are favorable for daily-life convenience: cafés and restaurants are dense relative to national norms (both around the top decile nationally), and parks are similarly well represented. By contrast, grocery and pharmacy counts are limited within the neighborhood dataset; investors should underwrite resident shopping patterns to nearby corridors rather than assuming immediate walk-to options.
Schools in the surrounding area score well (average around 4.5 out of 5, top percentile nationally), which can support retention for family-oriented renters. Within a 3-mile radius, households skew higher income and education, with median incomes having grown in recent years; this profile typically supports Class B demand and reduces volatility during softer cycles.
Tenure and demand dynamics are constructive: roughly 46% of housing units within a 3-mile radius are renter-occupied, indicating a deep tenant pool for a 24-unit asset. Elevated home values locally reinforce reliance on multifamily rentals, which can aid occupancy and sustain pricing power, though rent-to-income levels suggest prudent attention to affordability and lease management.
Safety performance trails metro and national benchmarks: the neighborhood’s crime ranking is near the bottom of 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods and sits in a lower national percentile. Recent WDSuite indicators also show year-over-year increases in both property and violent offense rates. These trends warrant conservative assumptions for security line items, resident screening, and potential insurance costs, while avoiding block-level conclusions.
The area draws from a diversified employment base that supports renter demand through commute convenience and stable office/operations footprints, including healthcare administration, packaging/industrial, telecom, specialty gases, and chemicals.
- Molina Healthcare — healthcare administration (4.9 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging & paper (5.7 miles)
- Air Products & Chemicals — industrial gases & chemicals (7.2 miles)
- Time Warner Business Class — telecom/business services (7.4 miles)
- Airgas — specialty gases & distribution (8.1 miles)
Built in 1986, the asset is slightly newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while still leaving room for targeted modernization and systems upgrades. Neighborhood occupancy remains above metro norms and in a high national percentile, supporting steady collections and renewal outcomes. Within a 3-mile radius, population and households are projected to grow over the next five years, signaling renter pool expansion that can underpin leasing durability. Elevated for-sale values in the area further reinforce reliance on multifamily rentals, while rent-to-income levels point to mindful affordability and retention management.
According to CRE market data from WDSuite, the surrounding neighborhood shows strong demographic and school quality indicators alongside dense food-and-beverage amenities, which together support demand for well-managed, mid-size properties. Investors should underwrite security and operating contingencies given weaker comparative safety metrics and plan capital for selective value-add to enhance competitiveness.
- Occupancy stability in a high-percentile neighborhood supports consistent leasing and renewals.
- 1986 vintage offers competitive positioning versus older stock with targeted value-add potential.
- 3-mile growth in population and households expands the tenant base and supports demand depth.
- Elevated home values sustain renter reliance on multifamily, aiding pricing power and retention.
- Risks: comparatively weaker safety metrics and affordability pressure require prudent underwriting and active lease management.