| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 55th | Good |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 926 Locust Ave, Long Beach, CA, 90813, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
926 Locust Ave, Long Beach Multifamily Investment
Positioned in Long Beach s urban core, the property benefits from a deep renter base and neighborhood occupancy in the low-90% range, according to WDSuite s CRE market data. Elevated ownership costs in the area support durable renter demand and leasing resilience.
Located in the Urban Core of Long Beach within the Los Angeles-Long Beach-Glendale metro, the neighborhood earns an overall A rating and ranks 185th out of 1,441 metro neighborhoods competitive among Los Angeles-Long Beach-Glendale submarkets and firmly in the top quartile nationally by multiple amenity measures. Dense retail, services, and transit access underpin renter convenience and leasing depth for workforce and professional tenants.
Amenities are a clear strength: grocery, restaurant, cafe, park, and pharmacy availability score in the top national percentiles, translating to daily-life convenience that supports retention. The amenity rank places the area 43rd among 1,441 metro neighborhoods, signaling a concentration of essentials and dining that compares favorably to most of the metro.
Renter concentration is high he neighborhood s share of renter-occupied housing units is about three-quarters which indicates a sizable tenant base and stable multifamily demand. Neighborhood occupancy is around the low-90% range (not the property s rate), suggesting steady absorption, while median contract rents trend higher than many areas of the country. The median construction vintage in the neighborhood is 1963; with a 1986 build, this asset is newer than much of the local stock, which can provide a competitive edge even as systems may warrant modernization to stay current with tenant preferences.
Within a 3-mile radius, recent data show population edging down modestly while household counts rose, pointing to smaller average household sizes and a renter pool that remains active. Forward-looking projections indicate households continuing to increase, which would expand the local tenant base and support occupancy stability and pricing power over time. Elevated home values relative to incomes indicate a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can reinforce lease retention for well-managed assets.
Safety indicators run below metro and national averages in this part of Long Beach. The neighborhood s crime rank sits in the lower tier compared with 1,441 metro neighborhoods, and national percentiles indicate it trails many areas for safety. Recent one-year estimates point to increases in both violent and property offense rates. For investors, this suggests underwriting for security measures, attentive property management, and tenant screening to support retention and asset performance.
While safety conditions can vary block to block and evolve over time, comparative metrics provide context for risk management rather than definitive forecasts. Monitoring local enforcement initiatives, community programs, and trend direction remains prudent as part of ongoing operations and capital planning.
Nearby employers provide a diverse white-collar and industrial base that supports renter demand through short commutes and workforce stability. Key nodes include healthcare administration, industrial gases, and corporate services.
- Molina Healthcare healthcare administration (0.97 miles) HQ
- Air Products & Chemicals industrial gases (3.39 miles)
- Airgas industrial gases (7.28 miles)
- INTERNATIONAL PAPER Cypress Retail Packaging packaging operations (9.72 miles)
- Time Warner Business Class business services (9.76 miles)
This 102-unit, 1986-vintage asset is positioned in a high-amenity Long Beach neighborhood where renter demand is supported by a large renter-occupied housing share and neighborhood occupancy in the low-90% range. Newer-than-neighborhood-average construction (versus a 1963 local median) offers competitive positioning against older stock, while selective modernization can further enhance leasing outcomes. Based on CRE market data from WDSuite, the area s high-cost ownership environment reinforces reliance on rentals, supporting depth of demand and potential pricing power for well-managed communities.
Within a 3-mile radius, household counts have grown and are projected to rise further, expanding the tenant base even as population trends are mixed. Investors should balance these fundamentals against below-average safety metrics and resident affordability pressure, calibrating operating strategies (security, leasing, renewals) to sustain occupancy and cash flow.
- Newer 1986 build versus older neighborhood stock (1960s median) supports competitive positioning with targeted upgrades
- High renter concentration and steady neighborhood occupancy underpin demand and leasing stability
- Strong amenity density (groceries, dining, parks, services) aids retention and absorption
- High-cost ownership market sustains reliance on rentals, supporting pricing power and lease retention
- Risks: below-average safety metrics and rent-to-income pressure warrant proactive management and security investment