| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 61st | Good |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 416 Jeffries Ave, Monrovia, CA, 91016, US |
| Region / Metro | Monrovia |
| Year of Construction | 1972 |
| Units | 87 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
416 Jeffries Ave Monrovia Multifamily Investment
Positioned in an inner-suburb pocket of Los Angeles County, this asset benefits from stable neighborhood occupancy and strong ownership costs that support rental demand, according to WDSuite’s CRE market data.
Located in Monrovia’s inner-suburb setting within the Los Angeles-Long Beach-Glendale metro, the neighborhood shows steady renter demand dynamics. Neighborhood occupancy is in the upper half nationally, and restaurants are relatively dense (nationally strong), while cafes, parks, and pharmacies are limited within neighborhood bounds. Median school ratings average 4.0 out of 5 and sit in the top quartile nationally, a supportive factor for family-oriented retention.
Home values in the neighborhood rank in the high end nationally, indicating a high-cost ownership market that can reinforce reliance on multifamily rentals and support pricing power. Rent-to-income is moderate, suggesting room for disciplined rent management while monitoring renewal risk. Average NOI per unit aligns roughly with the national middle, indicating performance that is competitive but not overheated.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1996). Investors should underwrite near-term capital planning and consider value-add or modernization to improve competitive positioning versus younger stock.
Tenure patterns indicate a moderate renter-occupied share at the neighborhood level, supporting demand depth without over-reliance on transience. Within a 3-mile radius, demographics show households have grown in recent years and are projected to increase further through 2028, with average household size trending lower. This points to a gradually expanding renter pool and supports occupancy stability for well-managed assets.
Neighborhood safety indicators track close to national midrange levels. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area sits around the metro middle on overall crime ranks, according to WDSuite’s CRE market data. Nationally, property offense levels are below the national median, while the most recent year shows improvement in both violent and property categories, suggesting a favorable directional trend rather than a step change.
For investors, the takeaway is operational: policies that emphasize lighting, access control, and resident engagement can help sustain leasing performance in a submarket with midrange safety metrics and improving year-over-year momentum.
Nearby employment anchors span energy, utilities, manufacturing, and consumer goods, supporting a diverse commuter base and reinforcing weekday leasing stability. The list below highlights major employers within typical commuting range that align with workforce housing demand.
- Chevron — energy (3.6 miles)
- Edison International — utilities (6.1 miles) — HQ
- International Paper — packaging manufacturing (11.8 miles)
- Avery Dennison — materials & labeling (14.4 miles) — HQ
- Coca-Cola Downey — beverage operations (14.4 miles)
416 Jeffries Ave offers exposure to a high-cost ownership market where elevated home values help sustain rental demand and retention. Neighborhood occupancy trends are in the upper half nationally, and local schools rate in the top quartile nationwide, factors that can underpin stable tenancy. According to CRE market data from WDSuite, restaurants are comparatively dense while several day-to-day amenities are limited within neighborhood borders, favoring assets that provide on-site conveniences or efficient access to nearby corridors.
The 1972 vintage is older than neighborhood norms, creating a clear value-add pathway through targeted renovations, systems updates, and common-area enhancements. Within a 3-mile radius, households have expanded and are forecast to grow further with smaller average household sizes, pointing to a gradually expanding renter pool and supportive backdrop for occupancy and rent optimization under prudent lease management.
- High-cost ownership market supports renter reliance and pricing power
- Neighborhood occupancy and top-quartile schools reinforce leasing stability
- 1972 vintage offers value-add potential via interior and systems upgrades
- 3-mile household growth and smaller household sizes expand the renter base
- Risks: older building capex needs; amenity gaps within neighborhood; midrange safety metrics