| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 44th | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 922 Martin Luther King Jr Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1988 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
922 Martin Luther King Jr Ave Long Beach Multifamily Investment
Urban-core positioning with dense amenities and a high renter concentration points to a deep tenant base and steady leasing potential, according to WDSuite’s CRE market data. Neighborhood occupancy trends and proximity to employers suggest sustained renter demand, with pricing power balancing against local affordability pressures.
The property sits in Long Beach’s Urban Core and benefits from one of the metro’s stronger amenity concentrations. The neighborhood ranks 70th out of 1,441 Los Angeles–Long Beach–Glendale neighborhoods for overall amenities and posts national percentiles in the mid‑90s for groceries, restaurants, and cafes. This walkable context typically supports leasing velocity and day‑to‑day convenience valued by renters.
Renter-occupied housing is a defining characteristic here. At the neighborhood level, renter concentration is very high, and within a 3‑mile radius renters account for roughly three‑quarters of occupied units. For investors, that depth of renter households translates to a broad tenant pool and durable demand for multifamily product, even as lease management should account for budget sensitivity.
Vintage matters: built in 1988, the asset is newer than the neighborhood’s older housing stock (average vintage 1956). That relative youth can enhance competitiveness versus pre‑1960s inventory while still warranting targeted capital planning for building systems and common‑area refreshes to support retention and rent positioning.
Neighborhood performance metrics are mixed but investable. Occupancy for the neighborhood sits near the national middle, while the area’s home values are elevated (upper national percentiles), which tends to reinforce reliance on rentals rather than ownership. Within a 3‑mile radius, households have grown even as average household size has edged down; this combination generally supports a larger tenant base and ongoing demand for appropriately positioned units.
Safety indicators are a consideration for underwriting. Compared with other neighborhoods in the Los Angeles–Long Beach–Glendale metro, this area ranks toward the lower end (crime rank 1,363 out of 1,441), and its national safety percentile is below average. Recent year estimates indicate increases in both violent and property offenses, so investors should plan for enhanced security, lighting, and access controls as part of operating strategy.
Framed comparatively, the neighborhood trends below metro averages and sits in a lower national percentile for safety, which may influence marketing, insurance costs, and asset management. Positioning the property with visible safety measures and community engagement can help support resident retention and leasing stability.
Nearby corporate offices provide a diversified employment base that supports renter demand and convenient commutes, led by healthcare, industrial gases, packaging, and telecommunications employers listed below.
- Molina Healthcare — healthcare (1.4 miles) — HQ
- Air Products & Chemicals — industrial gases (3.8 miles)
- Airgas — industrial gases (7.2 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging — packaging (9.1 miles)
- Time Warner Business Class — telecommunications (9.3 miles)
This 30‑unit, 1988-vintage asset aligns with a renter-heavy Urban Core pocket of Long Beach, where amenity density and elevated ownership costs sustain multifamily demand. Neighborhood occupancy trends sit around the national middle, while high renter concentration and strong daily-needs access support leasing resilience and potential retention advantages for well-managed properties. Based on CRE market data from WDSuite, the area’s amenity profile is competitive in the metro and nationally, reinforcing the case for durable renter appeal.
Investor focus should balance demand strength with operating considerations: local affordability pressure (higher rent-to-income dynamics and elevated home values) can require measured rent strategies, and below-metro safety metrics warrant security and CapEx planning. The asset’s relative youth versus much older neighborhood stock provides a path for targeted value-add—systems tune-ups and modernization—to sharpen positioning against legacy properties.
- Renter-heavy neighborhood and amenity-rich Urban Core support a broad tenant base and steady leasing.
- 1988 vintage offers competitive positioning versus older local stock with practical value‑add upside.
- Elevated ownership costs reinforce reliance on rentals, aiding occupancy and pricing discipline.
- Risk: below‑metro safety metrics and affordability pressure call for proactive security and thoughtful rent management.