| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 112 N Nicholson Ave, Monterey Park, CA, 91755, US |
| Region / Metro | Monterey Park |
| Year of Construction | 1978 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
112 N Nicholson Ave Monterey Park Multifamily Investment
This 24-unit property benefits from neighborhood occupancy rates of 94.7% and strong renter demand, with 64.8% of housing units occupied by renters according to CRE market data from WDSuite.
The Monterey Park neighborhood ranks in the top quartile nationally for amenities (95th percentile) and housing fundamentals (83rd percentile), reflecting a mature urban core environment. With 7.81 grocery stores per square mile and exceptional restaurant density at 49.07 per square mile (99th percentile nationally), the area provides strong tenant appeal through walkable retail access.
Built in 1978, this property aligns with the neighborhood's average construction year of 1983, indicating consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The area maintains 64.8% renter occupancy among housing units (96th percentile nationally), demonstrating sustained rental demand in this Los Angeles submarket.
Demographic data aggregated within a 3-mile radius shows 54.1% of households are renters, with median household income at $79,553. Projected household growth of 32.2% through 2028 supports expanding renter pools, while median rents are forecast to increase 29.9% to $2,200, indicating pricing power potential for well-positioned properties.
Schools average a perfect 5.0 rating (100th percentile nationally), enhancing family appeal, while home values at $785,456 median reinforce rental demand as elevated ownership costs keep households in the rental market longer.
Crime metrics place this neighborhood at the 52nd percentile nationally, indicating moderate safety performance relative to other urban areas. Property offense rates declined 27.3% year-over-year, ranking in the 71st percentile nationally for improvement trends, while violent crime decreased 11.4%.
Among 1,441 neighborhoods in the Los Angeles-Long Beach-Glendale metro, this area ranks 780th for overall crime, positioning it near the metro median. Investors should consider these trends alongside tenant retention patterns and insurance costs when evaluating operational factors.
Major corporate employers within reasonable commuting distance provide workforce stability for rental demand, led by utility and technology companies.
- Edison International — utility services (2.3 miles) — HQ
- Chevron — energy (5.2 miles)
- Reliance Steel & Aluminum — industrial materials (7.7 miles) — HQ
- Microsoft — technology (7.7 miles)
- CBRE Group — commercial real estate services (7.8 miles) — HQ
This 1978-vintage property offers value-add potential in a neighborhood demonstrating strong multifamily fundamentals. Neighborhood occupancy at 94.7% exceeds many comparable markets, while the 64.8% renter share (96th percentile nationally) indicates deep rental demand. Projected household growth of 32.2% through 2028 supports tenant base expansion, and forecast rent increases of 29.9% suggest pricing power for well-managed assets.
The property's construction year aligns with neighborhood norms, presenting renovation upside for investors seeking to capture rent premiums through unit improvements. High home values at $785,456 median reinforce rental market demand as ownership costs keep households in multifamily housing longer, according to commercial real estate analysis from WDSuite.
- Strong occupancy fundamentals with 94.7% neighborhood rate and 64.8% renter share
- Value-add renovation potential given 1978 construction and neighborhood improvement trends
- Projected 32.2% household growth and 29.9% rent increases through 2028
- High ownership costs at $785,456 median home values sustain rental demand
- Risk consideration: Rent-to-income ratio at 34% (3rd percentile) may pressure tenant retention