| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 59th | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 716 5th Avenue Ct, Monrovia, CA, 91016, US |
| Region / Metro | Monrovia |
| Year of Construction | 1995 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
716 5th Avenue Ct, Monrovia CA Multifamily Investment
Positioned in a high-amenity Los Angeles County pocket, the asset benefits from strong neighborhood occupancy and a deep renter base that supports durable cash flow, according to WDSuite’s CRE market data.
The property sits in an Urban Core neighborhood with an A rating and ranks 131 out of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, placing it in the top quartile locally. Neighborhood metrics indicate investor-friendly fundamentals such as solid occupancy and service-rich surroundings; these statistics reflect the neighborhood, not the property.
Amenity access is a clear strength, with grocery, parks, pharmacies, and dining density testing in the mid-90s national percentiles. Average school ratings trend above most U.S. neighborhoods (around the 73rd percentile nationally), which can help support resident retention among family renters.
The neighborhood’s renter-occupied share is approximately 66%, signaling a deep tenant base for multifamily. Neighborhood occupancy is about 95.8%, placing it above many U.S. areas (76th percentile nationally) and supportive of leasing stability for comparable assets.
With a neighborhood average construction year around 1967, a 1995 vintage positions this asset as newer than much of the local stock—typically enhancing competitive appeal versus older properties. Investors should still plan for systems modernization typical of 1990s construction while leveraging relative quality to reduce near-term capital pressure.
Ownership costs in the area are elevated by national standards (home values around the 95th percentile nationally), which tends to sustain reliance on rentals and can support pricing power. Meanwhile, neighborhood rent-to-income around 0.25 indicates manageable affordability pressure in an L.A.-area context, a positive for lease retention.
Within a 3-mile radius, recent trends show essentially flat population but rising household counts and smaller household sizes; forward-looking data points to population growth, a sizable increase in households by 2028, and a modest rise in the renter share. Together, these shifts suggest a larger tenant base and ongoing demand for rental units, supporting occupancy durability.
Safety indicators for the neighborhood are competitive among Los Angeles–Long Beach–Glendale neighborhoods (ranked 538 out of 1,441), and compare favorably to many U.S. areas (around the 67th percentile nationally). These statistics describe neighborhood conditions rather than any specific block or property.
Recent trends are mixed: violent offense measures sit in a strong position nationally (about the 88th percentile) with notable year-over-year improvement, while property offense readings are better than average (roughly the 77th percentile) but have shown a recent uptick. Investors should monitor these dynamics over time as part of standard risk assessment.
Proximity to established corporate employers supports a stable renter pool and commute convenience for residents. Nearby anchors include Chevron, Edison International, International Paper, Avery Dennison, and Reliance Steel & Aluminum.
- Chevron — energy (5.2 miles)
- Edison International — utilities (7.2 miles) — HQ
- International Paper — packaging & paper (13.3 miles)
- Avery Dennison — materials & labeling (13.7 miles) — HQ
- Reliance Steel & Aluminum — metals distribution (14.9 miles) — HQ
This 95-unit, 1995-vintage asset competes well against an older local stock base while benefiting from a neighborhood that ranks in the top quartile within the Los Angeles metro. Elevated ownership costs locally reinforce renter reliance on multifamily, and neighborhood occupancy trends around the 76th national percentile point to defensive leasing fundamentals. Based on CRE market data from WDSuite, rent-to-income levels in the neighborhood suggest manageable affordability pressure, supporting renewal probability and pricing discipline.
Within a 3-mile radius, households have been rising and are projected to increase by roughly one-third by 2028, with smaller average household sizes—signals consistent with renter pool expansion and demand for professionally managed apartments. The 1995 construction implies fewer near-term structural capex needs than older assets, with selective value-add opportunities through interior updates and system modernization.
- Newer-than-neighborhood vintage (1995) offers competitive positioning versus older stock
- Strong neighborhood occupancy and deep renter base support leasing stability
- High home values sustain renter reliance, aiding pricing power
- 3-mile outlook shows household growth and a larger tenant base by 2028
- Risk: monitor mixed safety trends and regional economic cyclicality