| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 59th | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1324 S Alta Vista Ave, Monrovia, CA, 91016, US |
| Region / Metro | Monrovia |
| Year of Construction | 1972 |
| Units | 46 |
| Transaction Date | 2016-04-27 |
| Transaction Price | $10,500,000 |
| Buyer | ALTA VISTA VILLAS LP |
| Seller | REYES ROBERT |
1324 S Alta Vista Ave Monrovia Multifamily with Stable Demand
Neighborhood occupancy has remained firm with a deep renter base, according to WDSuite’s CRE market data, supporting consistent leasing in a high-cost ownership pocket of Los Angeles County.
Situated in Monrovia within the Los Angeles-Long Beach-Glendale metro, the surrounding neighborhood rates A (ranked 131 of 1,441), signaling competitive fundamentals for an Urban Core location. Amenity access is a strength — groceries, parks, pharmacies, and dining options benchmark in the top national percentiles — which helps sustain renter interest and day-to-day convenience for residents.
Renter-occupied housing accounts for a high share of units in the neighborhood (66% renter concentration; rank 242 of 1,441), indicating a deep tenant base for multifamily. Neighborhood occupancy is solid at 95.8% and sits above many areas nationally, a supportive backdrop for lease-up and retention during typical turnover cycles.
Home values in the neighborhood trend elevated versus national norms, and the value-to-income ratio ranks in a high national percentile. For investors, this high-cost ownership context generally sustains reliance on rental housing and can support pricing power, while the neighborhood’s rent-to-income levels (below many national peers) suggest manageable affordability pressure that can aid retention.
Within a 3-mile radius, household counts have grown modestly despite a slight population dip, and forecasts point to additional population and household expansion over the next five years. A smaller average household size is expected, which typically widens the renter pool and supports occupancy stability. Based on CRE market data from WDSuite, average school ratings are above many U.S. neighborhoods, another draw for a broad renter profile.
The property’s 1972 vintage is slightly newer than the neighborhood’s average construction year. That positioning can be competitive versus older housing stock; investors should still anticipate selective modernization or systems upgrades to enhance longevity and support rent positioning.
Safety indicators are comparatively favorable: the neighborhood’s overall crime standing is competitive among Los Angeles metro neighborhoods (ranked 538 of 1,441), and national comparisons place the area in higher safety percentiles, particularly for violent offenses, which have trended downward year over year.
Property-related incidents benchmark better than many neighborhoods nationwide; however, recent year-over-year changes show some volatility. Investors should monitor trendlines and focus on standard asset-level measures (lighting, access control, and resident engagement) to support on-site risk management within the broader neighborhood context.
Nearby employers provide a diverse white-collar employment base that supports renter demand and commute convenience, including energy, utilities, packaging, and corporate headquarters noted below.
- Chevron — energy (4.8 miles)
- Edison International — utilities (7.1 miles) — HQ
- International Paper — packaging (13.0 miles)
- Avery Dennison — materials & labeling (14.4 miles) — HQ
- Reliance Steel & Aluminum — metals (15.2 miles) — HQ
1324 S Alta Vista Ave offers durable multifamily demand drivers in an Urban Core setting with strong amenity access and a high renter concentration. Neighborhood occupancy is steady and compares well nationally, while elevated for-sale values reinforce reliance on rental housing and can support rent positioning over time. According to CRE market data from WDSuite, the area’s schools benchmark above many U.S. neighborhoods and safety readings are comparatively favorable, supporting broad renter appeal.
Built in 1972, the asset is slightly newer than the neighborhood average, giving it relative competitiveness versus older stock; targeted modernization of interiors and building systems may unlock value-add potential. Within a 3-mile radius, household growth and a projected uptick in population indicate a larger tenant base and support for occupancy stability and leasing velocity over the mid-term.
- High renter concentration and steady neighborhood occupancy support leasing stability.
- Elevated ownership costs in the area reinforce rental demand and pricing power.
- 1972 vintage offers value-add potential via selective modernization and system upgrades.
- 3-mile forecasts indicate household and population growth, expanding the renter pool.
- Risks: monitor property-crime trend volatility and budget appropriately for ongoing capital needs.