| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 44th | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 745 Alamitos Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1987 |
| Units | 44 |
| Transaction Date | 1996-06-20 |
| Transaction Price | $1,040,000 |
| Buyer | DECRO ALPHA CORP |
| Seller | PHP INC |
745 Alamitos Ave Long Beach Multifamily Investment
Neighborhood data points to a deep renter base and steady occupancy, according to WDSuite s CRE market data, supporting durable demand for a 44-unit asset. Elevated ownership costs in Long Beach further tilt households toward rentals, reinforcing lease-up and retention potential.
The property s 1987 vintage is newer than the neighborhood s typical building stock (average construction year 1956), which can enhance competitive positioning versus older walk-up inventory while still leaving room for targeted modernization of systems and finishes to sustain rents and reduce future capital surprises.
Local amenity access is a strength for an Urban Core location: the neighborhood ranks within the top quartile among 1,441 metro neighborhoods for overall amenities, with dense coverage of restaurants, groceries, pharmacies, and cafes. This walkable convenience tends to support leasing velocity and day-to-day resident satisfaction, particularly for workforce renters.
Renter-occupied housing is a defining characteristic of this neighborhood, with a renter concentration around eight in ten units. For investors, that depth of renter demand typically underpins a larger tenant funnel and helps stabilize occupancy through cycles, even as individual properties must compete on unit quality and management execution.
Within a 3-mile radius, demographics show a mixed near-term picture: population edged down in recent years while household counts increased and average household size fell. That shift toward smaller households can expand the renter pool for efficient floor plans; the asset s average unit size of roughly 713 square feet aligns with demand from singles and couples. Looking ahead, forecasts call for more households and higher incomes within 3 miles, which supports rent growth potential and occupancy stability for well-managed properties.
Home values in the neighborhood sit at elevated levels relative to incomes (high national percentile for value-to-income), marking a high-cost ownership market. In investor terms, this typically sustains reliance on multifamily rentals, supporting pricing power and lease retention balanced against measured rent-to-income levels that warrant proactive renewal strategies.
Safety metrics for the neighborhood track below national averages, with violent and property offense rates landing in lower national percentiles. For owners and operators, this usually argues for visible security measures, lighting upgrades, and resident-engagement programming to support retention and protect common areas, while underwriting to realistic operating assumptions.
Relative positioning can vary block to block in Urban Core settings across the Los Angeles Long Beach Glendale metro. Investors typically emphasize professional management, access control, and collaboration with local resources to maintain curb appeal and reduce preventable incidents over the hold period.
Nearby employers provide a diversified commuter base that supports renter demand and lease stability, including healthcare administration, industrial gases, packaging, and telecom services.
- Molina Healthcare healthcare administration (1.3 miles) HQ
- Air Products & Chemicals industrial gases (3.9 miles)
- Airgas industrial gases (7.4 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging packaging (9.2 miles)
- Time Warner Business Class telecom services (9.4 miles)
This 44-unit asset benefits from a deep renter base and strong amenity access in Long Beach s Urban Core. Based on CRE market data from WDSuite, the neighborhood shows steady occupancy and high renter concentration, while elevated ownership costs in the area tend to sustain reliance on multifamily housing. The 1987 construction is meaningfully newer than much of the surrounding housing stock, offering a competitive edge versus older inventory with potential for targeted value-add to drive renewals and incremental rent.
Within a 3-mile radius, household counts are rising and are projected to grow further, even as average household size declines a pattern that can expand the renter pool for smaller floor plans. Amenity density and proximity to anchor employers support leasing velocity, though operators should underwrite security, affordability pressure, and professional management focus to maintain retention and operating performance.
- Newer 1987 vintage than neighborhood average, with actionable value-add and systems modernization potential
- High renter concentration and steady neighborhood occupancy support demand depth and leasing stability
- Amenity-rich Urban Core location and proximity to major employers bolster leasing velocity
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and renewals
- Considerations: below-national safety metrics and rent-to-income pressure call for active management and measured underwriting