| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 55th | Good |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 730 Pine Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1987 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
730 Pine Ave Long Beach Multifamily Investment
Neighborhood occupancy has held near the low-90s while renter concentration remains high, according to WDSuite’s CRE market data, pointing to a durable tenant base for stabilized operations.
Situated in Long Beach’s Urban Core, the neighborhood ranks 185th among 1,441 metro neighborhoods, placing it in the top quartile of the Los Angeles-Long Beach-Glendale market. Amenity access is a notable strength: grocery, restaurant, cafe, park, and pharmacy density all register in the upper national percentiles, supporting renter convenience and lease retention.
Renter-occupied housing is prominent at the neighborhood level (73% share), which signals depth in the multifamily demand pool. Neighborhood occupancy is around the low-90% range and sits above the national midpoint, suggesting generally steady leasing conditions rather than peak tightness. Median asking rents for the neighborhood trend above national norms, aligning with an amenity-rich urban location and an ownership market with elevated home values.
Data aggregated within a 3-mile radius show that households have increased in recent years even as population edged lower, implying smaller household sizes and a broader set of individual renters entering the market. Forward-looking projections indicate additional household growth, which can expand the renter pool and support occupancy stability over time.
The property’s 1987 vintage is newer than much of the surrounding housing stock (which skews older), providing a relative competitive edge versus mid-century buildings while still warranting selective modernization to meet today’s resident expectations.
Safety metrics trend weaker than both national and metro benchmarks for this neighborhood. Crime ranks in the lower tier among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, and national percentiles indicate below-average safety compared to neighborhoods nationwide.
Recent neighborhood-level estimates also point to an uptick in reported offenses year over year. Investors commonly address this with enhanced lighting, access controls, and active property management to support resident experience and leasing performance. Conditions can vary by block and over time; ongoing monitoring and vendor engagement are prudent.
Proximity to a mix of corporate offices supports a broad workforce renter base and commute convenience, notably including Molina Healthcare, Air Products & Chemicals, Airgas, INTERNATIONAL PAPER Cypress Retail Packaging, and Time Warner Business Class.
- Molina Healthcare — corporate offices (0.8 miles) — HQ
- Air Products & Chemicals — corporate offices (3.5 miles)
- Airgas — corporate offices (7.5 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — corporate offices (9.8 miles)
- Time Warner Business Class — corporate offices (9.9 miles)
730 Pine Ave offers exposure to an amenity-dense Urban Core where renter-occupied housing is prevalent and neighborhood occupancy sits above the national midpoint. Based on CRE market data from WDSuite, local rents trend above national norms while ownership costs are elevated, reinforcing reliance on rental housing and supporting pricing power with careful lease management.
Built in 1987, the asset is newer than much of the surrounding stock, which can translate into relative competitiveness versus older buildings while still leaving room for targeted capital plans (common-area refresh, systems upgrades, or unit finishes) to capture value-add upside. Key risks to underwrite include weaker neighborhood safety metrics and below-average school ratings, which place more weight on security measures and resident experience.
- Amenity-rich Urban Core location with strong national amenity percentiles, supporting renter convenience and retention.
- High neighborhood renter concentration and above-midpoint occupancy point to a durable tenant base.
- 1987 vintage offers competitive positioning versus older stock, with clear value-add pathways.
- Elevated ownership costs in the area underpin multifamily demand and support rent strategies.
- Risks: weaker neighborhood safety metrics and lower school ratings require proactive management and underwriting discipline.