| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 44th | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 831 Linden Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1974 |
| Units | 36 |
| Transaction Date | 2020-12-18 |
| Transaction Price | $8,900,000 |
| Buyer | JEHAN A SHAHID SEPARATE PROPERTY TRUST |
| Seller | B & C PROPERTIES INC |
831 Linden Ave Long Beach Multifamily Investment
This 36-unit property built in 1974 sits in a highly rental-oriented neighborhood where 79% of housing units are renter-occupied, positioning it within a market that generates strong tenant demand according to CRE market data from WDSuite.
The property's neighborhood ranks in the top 25% nationally for amenity access, with exceptional walkability to daily services including 12 grocery stores per square mile and nearly 5 cafes per square mile. This urban core location within the Los Angeles-Long Beach-Glendale metro provides tenants with comprehensive retail and dining options that support retention and leasing velocity.
Built in 1974, the property aligns with the neighborhood's average construction year of 1956, suggesting opportunities for value-add renovations and capital improvements that could enhance competitive positioning. The area maintains a 79% renter occupancy share—ranking in the 99th percentile nationally—indicating strong structural rental demand that reduces lease-up risk for multifamily operators.
Demographics within a 3-mile radius show 219,000 residents with a median household income of $72,312, while current neighborhood rents average $1,551 for comparable units. The area's high rental tenure reflects both market dynamics and housing costs, with home values averaging $577,396 reinforcing rental demand as elevated ownership costs keep households in the multifamily market longer.
Projected demographic trends through 2028 indicate household growth of 34% within the 3-mile radius, expanding the potential renter pool while median incomes are forecast to increase 50% to $108,473. These fundamentals suggest sustained demand for rental housing, though investors should monitor rent-to-income ratios for affordability pressure that could affect renewal rates.
The neighborhood's safety profile requires careful consideration, with property crime rates ranking in the bottom quartile among 1,441 metro neighborhoods. Violent crime statistics also trend above regional averages, placing the area in the 3rd percentile nationally for violent offense rates.
Both property and violent crime rates have increased over the past year, with property offenses rising 38% and violent offenses up 47%. These trends may influence tenant retention and leasing considerations, though the area's strong rental demand fundamentals and urban amenity access continue to attract residents seeking walkable, transit-accessible housing options.
The property benefits from proximity to major corporate employers that provide workforce housing demand, anchored by healthcare and industrial operations within the greater Long Beach employment corridor.
- Molina Healthcare — healthcare services (1.1 miles) — HQ
- Air Products & Chemicals — industrial chemicals (3.6 miles)
- Airgas — industrial gases (7.3 miles)
- International Paper — packaging operations (9.5 miles)
- Raytheon Public Safety — defense & aerospace (11.2 miles)
This 36-unit property built in 1974 operates within one of the most rental-oriented markets nationally, where nearly 80% of housing units are renter-occupied and neighborhood-level net operating income averages $11,924 per unit—ranking in the 88th percentile nationally. The vintage presents value-add renovation opportunities to capture upside in a market where median rents have grown moderately while home values remain elevated, sustaining rental demand.
Demographic projections through 2028 indicate a 34% increase in households within a 3-mile radius, with median incomes forecast to rise 50% to $108,473, supporting rent growth potential. However, investors should carefully evaluate the neighborhood's safety profile and monitor current affordability pressures that could affect tenant retention and renewal strategies.
- 79% renter occupancy share ranks 99th percentile nationally, indicating strong structural rental demand
- 1974 construction year offers value-add renovation upside in appreciating market
- Projected 34% household growth and 50% income increases through 2028 support demand fundamentals
- Top quartile amenity access with exceptional walkability supports tenant retention
- Crime trends and affordability pressures require active management and monitoring strategies