| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 77th | Best |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Abajo Dr, Monterey Park, CA, 91754, US |
| Region / Metro | Monterey Park |
| Year of Construction | 2000 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 Abajo Dr Monterey Park Multifamily Investment
Neighborhood occupancy in the low‑90% range supports steady leasing fundamentals, according to WDSuite’s CRE market data. Elevated ownership costs nearby tend to sustain renter demand and reinforce multifamily relevance in Monterey Park.
Positioned in a suburban pocket of Los Angeles County, the neighborhood is rated B and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 549 of 1,441). The area’s elevated home values (97th percentile nationally) and above-median household incomes (89th percentile) point to a high-cost ownership market, which generally supports renter reliance on multifamily housing and can aid pricing power when supported by quality operations.
Built in 2000, the property is newer than the neighborhood’s average construction vintage of 1973. For investors, this typically means a more competitive profile versus older local stock and potentially more predictable near-term capital planning, while still leaving room for targeted modernization to drive rent premiums.
Livability signals are mixed but workable for workforce renters. Park access is strong (around the 90th percentile nationally) and restaurants and groceries index above national averages, while cafes and pharmacies are thinner locally. Public school quality in the neighborhood benchmarks among the strongest nationally and should be a stabilizer for family-oriented tenancy.
Tenure and demand dynamics are favorable at the larger trade-area scale: within a 3-mile radius, renter-occupied housing accounts for a majority of units, providing depth to the tenant base. Even as population is projected to edge down, households are expected to increase over the next five years, indicating smaller household sizes and a potential renter pool expansion that can support occupancy stability. Neighborhood occupancy trends sit around the national midrange, suggesting disciplined lease management remains important.
Safety indicators compare modestly favorably at the national level, with the neighborhood around the 59th percentile for overall safety. Recent trends are constructive: both violent and property offenses have moved lower over the past year, which supports a more stable operating backdrop for multifamily assets without implying block-level guarantees.
Within the Los Angeles metro context (1,441 neighborhoods), crime levels sit closer to the middle of the pack rather than the extremes. Investors should underwrite to property-level security measures and management practices while recognizing the directionally improving trend.
Proximity to major corporate offices underpins renter demand through diverse white-collar and services employment, supporting commute convenience and lease retention. Nearby anchors include Edison International, Reliance Steel & Aluminum, Microsoft, CBRE Group, and Chevron.
- Edison International — corporate offices (3.8 miles) — HQ
- Reliance Steel & Aluminum — corporate offices (6.1 miles) — HQ
- Microsoft — corporate offices (6.2 miles)
- CBRE Group — corporate offices (6.2 miles) — HQ
- Chevron — corporate offices (6.8 miles)
This 61-unit asset, built in 2000, competes favorably against an older local stock base while leaving room for selective renovations to capture incremental rent. Elevated ownership costs in the neighborhood — alongside strong school benchmarks and access to parks and daily-needs retail — help sustain renter demand. According to CRE market data from WDSuite, neighborhood occupancy sits around the national midrange, suggesting steady operations with a focus on retention and leasing discipline.
At the 3-mile trade-area level, households are expected to increase even as population trends edge lower, implying smaller household sizes and a broader tenant pool over time. Coupled with proximity to major employers, these dynamics support long-run demand for well-managed multifamily, though amenity gaps and macro volatility warrant conservative underwriting.
- 2000 vintage competes well versus older stock, with targeted value-add potential
- High-cost ownership environment reinforces reliance on rentals and supports pricing power
- Strong schools and park access bolster family-oriented renter appeal
- 3-mile households projected to rise even as population contracts, supporting tenant-base depth
- Risks: amenity gaps (cafes/pharmacies), neighborhood occupancy near the national midrange, and macro sensitivity