| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 37th | Fair |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 920 S Montebello Blvd, Montebello, CA, 90640, US |
| Region / Metro | Montebello |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
920 S Montebello Blvd Montebello Multifamily Investment
This 24-unit property benefits from strong neighborhood occupancy at 97.6% and median rents of $2,030, according to CRE market data from WDSuite.
The Montebello neighborhood demonstrates solid fundamentals with occupancy rates of 97.6%, ranking in the top quartile nationally among 1,491 metro neighborhoods. Built in 1985, this property aligns with the neighborhood's average construction year of 1993, indicating established building stock without immediate capital expenditure pressures.
Demographics within a 3-mile radius show a stable tenant base with 169,862 residents and median household income of $82,409. The area maintains 48.2% renter-occupied housing units, supporting consistent rental demand. Projected household growth to 36% by 2028 suggests expanding renter pools, while median rent increases of 35% over five years reflect pricing power in the submarket.
Home values averaging $625,094 with elevated ownership costs help sustain rental demand, as higher purchase prices keep households in the rental market longer. The neighborhood ranks competitively for housing fundamentals, with grocery access at 5.16 stores per square mile supporting tenant retention through daily convenience.
The neighborhood shows mixed safety metrics, with property crime rates at 96.96 per 100,000 residents ranking in the 67th percentile nationally. While violent crime remains moderate at 37.13 per 100,000 residents, recent year-over-year increases in both property and violent offenses warrant monitoring for tenant retention and lease renewal considerations.
Compared to other Los Angeles metro neighborhoods, the area ranks above median for property crime management, though investors should factor recent crime trend increases into security assessments and tenant screening protocols.
The property benefits from proximity to major corporate employers that support workforce housing demand, with several Fortune 500 companies and headquarters within commuting distance.
- International Paper — paper and packaging (3.6 miles)
- Coca-Cola Downey — beverage operations (4.3 miles)
- Edison International — utilities HQ (4.5 miles)
- Raytheon Public Safety RTC — defense technology (4.6 miles)
- Chevron — energy operations (7.2 miles)
This 24-unit property presents stable cash flow potential with neighborhood occupancy at 97.6% and median rents of $2,030 supporting current income. The 1985 construction year offers value-add renovation opportunities while avoiding immediate capital replacement needs. Demographics within a 3-mile radius show household growth projections through 2028, expanding the potential tenant base.
Based on multifamily property research, elevated home values at $625,094 median help sustain rental demand by keeping ownership costs above reach for many households. The location benefits from proximity to major employers including Edison International headquarters and established corporate offices within commuting distance, supporting workforce housing demand.
- High neighborhood occupancy at 97.6% indicates stable rental demand
- 1985 vintage allows value-add renovations without major capital replacement
- Projected household growth supports expanding tenant base through 2028
- Elevated ownership costs help retain renters in the market
- Risk: Recent increases in crime rates require monitoring for tenant retention