| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 63rd | Good |
| Amenities | 29th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 550 Fano St, Monrovia, CA, 91016, US |
| Region / Metro | Monrovia |
| Year of Construction | 1975 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
550 Fano St Monrovia Multifamily Investment
Strong renter demand, high neighborhood occupancy, and a high-cost ownership market support durable cash flow potential, according to WDSuite’s CRE market data.
Neighborhood context and renter demand
Located in Monrovia within the Los Angeles metro, the neighborhood carries a B- rating and reflects an Urban Core profile. Grocery and dining options are comparatively dense versus national averages, while cafes, parks, and pharmacies are more limited locally—an important consideration for positioning and resident amenity strategy.
Neighborhood-level occupancy is reported at 93.6% (neighborhood measure, not the property), suggesting steady leasing fundamentals. Renter-occupied share is elevated (top decile nationally), indicating a deep tenant base that can support multifamily absorption and leasing stability. Median contract rents in the area sit on the higher end nationally, but rent-to-income trends remain manageable—favorable for retention and renewal strategies.
Within a 3-mile radius, households have inched higher despite a modest population dip, and forecasts point to further household growth alongside smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability over time. Higher household incomes relative to many U.S. neighborhoods further reinforce pricing power where product quality and management execution align. For investors prioritizing multifamily property research, these are useful signals of durable demand drivers.
Safety context
Based on WDSuite s data, the neighborhood benchmarks in the upper quartile for safety nationally, with violent and property offense indicators comparing favorably to many U.S. neighborhoods. Recent year-over-year trends show declines in both violent and property offenses, which, if sustained, can support renter sentiment and leasing stability.
Safety performance can vary by block and over time; investors should underwrite to submarket norms and confirm on-the-ground conditions. The comparative framing here is neighborhood-level and intended to contextualize risk relative to regional and national trends.
Nearby corporate offices create a diversified employment base that supports renter demand and commute convenience for residents, led by energy, utilities, packaging, and industrial headquarters within a 15-mile radius.
- Chevron energy (4.5 miles)
- Edison International utility holding company (6.8 miles) HQ
- International Paper packaging & paper (12.6 miles)
- Avery Dennison labels & materials (14.2 miles) HQ
- Reliance Steel & Aluminum metals & distribution (14.9 miles) HQ
550 Fano St is a 37-unit asset built in 1975, positioning it for selective value-add and systems modernization to compete against newer stock in a high-demand, high-cost ownership pocket of Los Angeles County. Neighborhood occupancy is solid, renter concentration is high, and elevated home values (top percentile nationally) tend to reinforce reliance on rental housing—favorable conditions for lease-up, renewals, and pricing discipline.
Within a 3-mile radius, household counts are trending up and are projected to grow further amid shrinking household sizes, which typically expands the renter pool and supports steady absorption. According to CRE market data from WDSuite, local rent levels are above national norms while rent-to-income dynamics remain manageable, suggesting room for performance where capital plans enhance unit quality and operational execution remains tight.
- High renter-occupied share and solid neighborhood occupancy support demand stability
- 1975 vintage offers value-add and systems modernization potential
- High-cost ownership market bolsters renter reliance and pricing power
- 3-mile household growth and smaller household sizes point to renter pool expansion
- Risks: limited nearby lifestyle amenities in pockets; older systems require capex planning