| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 91st | Best |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5932 Bixby Village Dr, Long Beach, CA, 90803, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5932 Bixby Village Dr Long Beach Multifamily Opportunity
Neighborhood occupancy in this pocket of Long Beach has been resilient, supporting renter demand and pricing power according to WDSuite’s CRE market data. This positioning favors steady leasing performance relative to the broader metro.
Situated in Long Beach’s inner-suburban coastal corridor, the property benefits from a neighborhood rated A- among 1,441 Los Angeles metro neighborhoods, indicating competitive fundamentals for multifamily investors. Dining and café density rank in the upper tiers nationally, while park access is strong as well, supporting day-to-day livability that helps retention.
Neighborhood schools are a relative strength, with average ratings in the top quartile nationally, which can bolster family-oriented renter demand and longer average tenures. At the same time, daily-needs retail such as groceries and pharmacies is sparser within the immediate neighborhood, so residents may rely on short drives for essentials—an operational consideration for marketing and amenity positioning.
For rental dynamics, neighborhood occupancy trends sit in the upper echelon of the metro (above the metro median among 1,441 neighborhoods), a positive indicator for leasing stability. Renter-occupied housing share within the neighborhood is moderate, suggesting a meaningful tenant base without being saturated; across the 3-mile radius, renter share is roughly on par with owners today and projected to edge higher, implying a larger tenant base over time.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to expand further, pointing to renter pool expansion and support for occupancy stability. Median home values in the neighborhood are elevated relative to national norms (top decile), which typically sustains reliance on multifamily housing and can support lease retention. Median contract rents in the neighborhood also sit high versus national benchmarks; paired with local incomes that outpace national medians, this translates to manageable affordability pressures for professionally managed assets.
Vintage context: the property s 1986 construction is slightly newer than the neighborhood s average vintage. That positioning can be competitively favorable versus older stock, though investors should still plan for system modernization and selective renovations to maintain renter appeal and capture value-add upside.
Safety indicators for the neighborhood trend below metro averages, with crime levels ranking weaker among the 1,441 Los Angeles metro neighborhoods. Compared nationally, the area sits below the midrange on safety percentiles, indicating conditions that warrant routine risk management measures such as lighting, access control, and coordination with local security resources.
Recent year-over-year changes in both property and violent offense estimates indicate some upward movement. For investors, underwriting should reflect prudent expense allowances for security and potential insurance considerations, while noting that safety performance varies across blocks and can improve with targeted property-level operations.
Proximity to diversified employers supports workforce housing demand and commute convenience for residents. Nearby anchors include healthcare, packaging, industrial gases, telecom, and distribution offices noted below.
- Molina Healthcare — healthcare services (4.7 miles) — HQ
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (5.8 miles)
- Air Products & Chemicals — industrial gases (7.1 miles)
- Time Warner Business Class — telecom/business services (7.4 miles)
- Airgas — industrial gases (8.0 miles)
This 20-unit asset in Long Beach combines high neighborhood occupancy with strong household incomes and elevated home values, a mix that generally supports steady renter demand and lease retention. Based on CRE market data from WDSuite, the neighborhood ranks above the metro median for occupancy while schools and amenities score competitively at the national level, helping underpin tenant appeal.
Constructed in 1986, the property is slightly newer than the local average vintage, offering relative competitiveness versus older stock. Targeted modernization and interior upgrades can unlock value-add potential, while 3-mile radius projections for population and household growth point to a gradually expanding renter base that supports long-term leasing stability.
- High neighborhood occupancy and strong incomes support stable leasing
- Elevated home values reinforce reliance on multifamily housing
- 1986 vintage offers competitive positioning with value-add upside via renovations
- 3-mile area projections indicate renter pool expansion, aiding absorption
- Risk: safety ranks below metro averages — underwrite security and insurance prudently