| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 127 N Alhambra Ave, Monterey Park, CA, 91755, US |
| Region / Metro | Monterey Park |
| Year of Construction | 2000 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
127 N Alhambra Ave, Monterey Park CA Multifamily
Positioned in an urban core pocket with deep renter demand and elevated ownership costs, this asset benefits from stable neighborhood occupancy and a strong amenities base, according to CRE market data from WDSuite. The investment angle centers on retention and pricing discipline supported by high renter concentration and metro-leading schools.
Monterey Park’s Urban Core location scores an A neighborhood rating and sits 158th of 1,441 in the Los Angeles-Long Beach-Glendale metro — above metro median performance. Amenity density is a clear strength: restaurants and pharmacies register in the 99th national percentile, and grocery access is in the 98th percentile. These patterns support daily convenience and help reinforce leasing velocity for multifamily.
School quality stands out for family renters: the neighborhood’s average school rating ranks 1st of 1,441 in the metro and sits at the 100th percentile nationally. For investors, top-tier schools can bolster depth of demand and lengthen average tenancy, particularly for larger floorplans.
Operationally, neighborhood occupancy is solid and above the national median (national 69th percentile), and the share of housing units that are renter-occupied is high at the 96th national percentile. Together, this indicates a deep tenant base and supports occupancy stability for professionally managed assets.
Within a 3-mile radius, households have inched higher in recent years and are projected to expand further even as average household size trends smaller. That dynamic points to a broader renter pool and sustained demand for well-located apartments near services and employment.
The property’s 2000 vintage is newer than the neighborhood’s average construction year of 1983. Newer stock typically competes well against older buildings; investors should still underwrite routine modernization of finishes and building systems to preserve competitive positioning.
Ownership costs are elevated (home values and value-to-income ratios in the mid-to-upper 90s nationally), which generally sustains reliance on multifamily rentals and can support pricing power. At the same time, rent-to-income levels imply some affordability pressure, making measured renewal strategies and prudent concessions management important.
Safety indicators are mixed but improving. Overall crime sits around the national middle (near the 52nd national percentile), while year-over-year trends point favorably with declines in both property and violent offenses. Property incidents show a notable one-year decrease (improvement aligned with the 71st national percentile), and violent offenses also trended down (around the 61st national percentile). Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), this area is not among the lowest-crime locales, but recent directionality is constructive for investor underwriting.
Proximity to diverse corporate employers supports workforce renter demand and commute convenience, including Edison International, Chevron, Reliance Steel & Aluminum, International Paper, and Microsoft.
- Edison International — utilities (2.2 miles) — HQ
- Chevron — energy (5.1 miles)
- Reliance Steel & Aluminum — metals & distribution (7.8 miles) — HQ
- International Paper — packaging & paper (7.8 miles)
- Microsoft — software & cloud (7.8 miles)
This 37-unit, circa-2000 asset offers competitive positioning in an A-rated Urban Core neighborhood where amenity density, strong schools, and above-median occupancy underpin steady leasing. Elevated ownership costs in the area reinforce renter reliance on multifamily, while a high renter-occupied share signals a deep tenant base. Based on CRE market data from WDSuite, neighborhood occupancy trends sit above national medians, supporting an underwriting case for stable operations.
Within a 3-mile radius, households have grown and are projected to increase further as household sizes moderate, expanding the renter pool and supporting lease-up and renewal momentum. Vintage provides a relative edge versus older 1980s-era stock, with light-to-moderate modernization likely to enhance rentability. Investors should balance pricing power from strong fundamentals with careful lease management given rent-to-income pressures and mixed-but-improving safety indicators.
- A-rated neighborhood with top-tier schools (1st of 1,441 metro neighborhoods) supports retention and family renter demand
- Above-national-median occupancy and high renter concentration deepen the tenant base and support stability
- Newer 2000 vintage versus 1983 neighborhood average offers competitive positioning with value-add through selective upgrades
- Elevated ownership costs in Los Angeles County reinforce reliance on rentals, supporting pricing power
- Risks: rent-to-income pressure and mid-range safety metrics call for disciplined lease management and expense control