| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 44th | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 Rose Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | 1999-12-07 |
| Transaction Price | $950,000 |
| Buyer | INTEGRATED GLOBAL CONCEPTS MEDICAL GROUP |
| Seller | MITCHELTREE JIMMIE DALE |
800 Rose Ave Long Beach Multifamily Investment
The surrounding neighborhood shows a deep renter base and strong daily conveniences, supporting demand stability according to WDSuite’s CRE market data. Metrics cited here reflect neighborhood conditions, not the property, and indicate fundamentals that are broadly in line with the metro.
Located in Long Beach’s Urban Core, the area around 800 Rose Ave ranks 303 out of 1,441 metro neighborhoods (A- rating), indicating competitive positioning among Los Angeles-Long Beach submarkets. Amenities are a notable strength: dining, groceries, pharmacies, and everyday services score in the top quartile nationally, helping with retention and leasing velocity for workforce renters.
Renter concentration is among the highest nationally (neighborhood share of housing units that are renter-occupied sits near the 99th percentile), pointing to a deep tenant base for multifamily operators. Neighborhood occupancy trends are around the metro median, which supports a baseline of income stability while still requiring asset-level execution to outperform peers.
Within a 3-mile radius, demographic data show a modest decline in population alongside a recent increase in total households and projections for further household growth as average household size trends lower. For investors, this dynamic often expands the renter pool and supports steady absorption, even when headline population growth is flat to slightly negative.
Ownership costs in the area are elevated by national standards (home values and value-to-income ratios are in higher national percentiles), which tends to reinforce renter reliance on multifamily housing and can bolster pricing power. School quality indicators track near the national midpoint, which is serviceable for a broad renter profile. Median contract rents in the neighborhood have trended upward over the last cycle, though rent-to-income ratios signal some affordability pressure—an important consideration for renewal strategy and concessions management.
Safety indicators for the neighborhood trail both national and metro benchmarks. The area ranks 1,363 out of 1,441 metro neighborhoods on composite crime measures, placing it below the metro median and in lower national percentiles for safety. For underwriting, investors often account for this with enhanced site security, lighting, and resident screening, and by calibrating insurance and operating reserves to local conditions.
Trends can be block-specific and evolve over time; investors typically weigh property-level controls and visibility to active streets and amenities when assessing risk-adjusted returns in submarkets with similar comparative rankings.
Nearby employers span healthcare, industrial gases/chemicals, packaging, and telecommunications, supporting a diversified workforce renter base and commute convenience for residents. The list below focuses on the closest demand drivers likely to influence leasing and retention.
- Molina Healthcare — healthcare services (1.9 miles) — HQ
- Air Products & Chemicals — industrial gases (4.4 miles)
- Airgas — industrial gases distribution (7.2 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (8.5 miles)
- Time Warner Business Class — telecommunications services (8.9 miles)
Built in 1986, this 22-unit asset is newer than the neighborhood’s mid-century average stock, offering relative competitiveness versus older properties while still presenting potential modernization and common-area upgrades over the hold. The immediate area combines top-quartile amenity access with one of the highest renter-occupied shares in the nation, supporting a durable tenant base and steady leasing, according to commercial real estate analysis from WDSuite. At the same time, occupancy trends track near the metro median, so operational execution remains the key lever for outperformance.
Investor considerations include elevated ownership costs that reinforce rental demand, rising neighborhood rents, and a growing household count within a 3-mile radius—factors that can support occupancy stability. Counterbalancing these positives, safety metrics lag metro norms and rent-to-income readings point to affordability pressure, suggesting the need for prudent renewal and concession strategies.
- Amenity-rich Urban Core location with top-quartile national access to daily needs, aiding retention and leasing velocity.
- High renter-occupied share signals deep tenant base and supports multifamily demand durability.
- 1986 vintage offers competitive positioning versus older local stock with value-add potential through targeted updates.
- Household growth within 3 miles and elevated ownership costs underpin rental reliance and occupancy stability.
- Risks: below-metro safety rankings and renter affordability pressure require careful lease management and operating controls.