| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 63rd | Good |
| Amenities | 29th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1415 Alamitas Ave, Monrovia, CA, 91016, US |
| Region / Metro | Monrovia |
| Year of Construction | 1988 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1415 Alamitas Ave Monrovia Multifamily Investment
Neighborhood occupancy sits in the mid-90s, indicating steady renter demand in this Los Angeles metro submarket, according to WDSuite’s CRE market data.
Located in Monrovia’s Urban Core, the property benefits from a neighborhood rated B- with housing fundamentals that are competitive among Los Angeles-Long Beach-Glendale neighborhoods. The neighborhood’s housing rank places it in the top quartile among 1,441 metro neighborhoods, and the occupancy rate is above national averages, supporting stable lease-up and retention potential at the property level.
The 1988 vintage is slightly newer than the neighborhood’s average construction year of 1980, which helps competitive positioning versus older stock; investors should still plan for targeted system updates and common-area refresh to maintain relevance. Neighborhood renter concentration is meaningful, with 54.2% of housing units renter-occupied, reinforcing depth of the tenant base and consistent multifamily demand.
Within a 3-mile radius, recent population dipped modestly while household counts increased, implying smaller household sizes and a broader base of distinct leasing households. Forward-looking projections in the same 3-mile radius point to population growth and a notable increase in households, which supports a larger tenant base and occupancy stability over time.
Local cost dynamics are favorable for multifamily demand: elevated home values relative to income in the neighborhood and a lower rent-to-income profile (for the area) suggest that many households will continue to rely on rental housing, supporting lease retention and measured pricing power. Daily needs are serviceable with strong grocery and restaurant density compared with national norms, though park, cafe, childcare, and pharmacy presence is limited; investors can underwrite this mix as supportive of conveniences while noting room for amenity-driven differentiation on-site.
Safety indicators compare favorably at the national level. The neighborhood’s overall crime profile sits around the 77th percentile for safety nationwide, with violent and property offense measures also above national averages (roughly mid‑60s to low‑70s percentiles). Year over year, both violent and property offense estimates show meaningful improvement, landing in high national percentiles for reductions. As always, crime varies block to block; investors should pair these directional trends with on-the-ground diligence and property-level controls.
Nearby corporate anchors provide a diversified employment base that supports leasing demand and commute convenience, including energy, utilities, packaging, materials and labeling, and metals distribution. The employers below are among the closest drivers of professional and industrial employment relevant to the renter pool.
- Chevron — energy (4.7 miles)
- Edison International — utilities (6.9 miles) — HQ
- International Paper — packaging (12.8 miles)
- Avery Dennison — materials & labeling (14.0 miles) — HQ
- Reliance Steel & Aluminum — metals distribution (14.8 miles) — HQ
1415 Alamitas Ave offers investors a 32-unit, mid-1980s asset positioned in a neighborhood with above-average occupancy and a substantial renter-occupied housing share, which together point to durable multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy is solid and housing fundamentals rank well within the metro. The 1988 vintage is slightly newer than the neighborhood’s average, supporting competitive positioning while warranting targeted CapEx for systems and finishes to sustain rentability.
Within 3 miles, household counts have risen even as overall population edged down, indicating smaller household sizes and a broader leasing base; forecasts call for population growth and a sizable increase in households, which supports tenant pool expansion and occupancy stability. Elevated for-sale home values relative to incomes reinforce renter reliance on multifamily, while the area’s rent-to-income profile suggests manageable affordability pressure that can aid retention and measured rent growth management.
- Solid neighborhood occupancy and renter-occupied share support consistent leasing and retention
- 1988 vintage offers competitive positioning with value-add via targeted systems and common-area updates
- 3-mile household growth and forecasts indicate renter pool expansion that supports occupancy stability
- Elevated ownership costs sustain demand for rentals, aiding pricing power when paired with prudent lease management
- Risk: limited neighborhood parks/cafes and aging vintage require amenity strategy and ongoing CapEx planning