| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 68th | Good |
| Amenities | 25th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1935 Potrero Grande Dr, Monterey Park, CA, 91755, US |
| Region / Metro | Monterey Park |
| Year of Construction | 2002 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1935 Potrero Grande Dr: LA-Adjacent Multifamily Stability
Positioned in Monterey Park with access to major Los Angeles employment nodes, this 2002-vintage asset benefits from a high-cost ownership market that supports durable renter demand, according to WDSuite's CRE market data.
Monterey Park's Inner Suburb location offers solid fundamentals for workforce renters. Neighborhood schools average 4.0 out of 5 and parks are strong (both top quartile nationally), which tends to support retention and leasing stability for family-oriented product. Restaurants are competitive among Los Angeles neighborhoods, while everyday amenities like groceries, pharmacies, and cafes are thinner locally; investors should underwrite some reliance on nearby corridors for daily needs.
The property's 2002 construction is newer than the neighborhood's average vintage (1992). That typically provides a competitive edge versus older stock and may moderate near-term capital planning, while still requiring routine system updates and selective modernization to meet today's renter expectations.
Tenure patterns show a nuanced demand picture. Immediate-neighborhood data indicate a relatively modest share of renter-occupied units, while demographics aggregated within a 3-mile radius show renters as a slight majority. For investors, that points to a meaningful tenant base locally and in adjacent areas, supporting absorption for a 100+ unit asset.
Income levels are above national norms and ownership costs are elevated (home values rank in the top decile nationally). In practice, a high-cost ownership market tends to reinforce reliance on multifamily, with the neighborhood's rent-to-income ratio indicating headroom for prudent rent setting and renewal management. Based on WDSuite's multifamily property research, occupancy within the neighborhood sits below the metro median, so operators should emphasize leasing execution and retention while leveraging the area's school and park strengths.
Safety metrics in the immediate neighborhood are mixed relative to regional and national benchmarks. Overall crime performance trends below the national median, while recent estimates show property offenses easing and violent incidents rising from a low base. This pattern suggests investors should apply standard security, lighting, and partnership measures while monitoring trajectory rather than assuming block-level consistency.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood's crime rank sits on the weaker side among 1,441 neighborhoods. Nationally, it performs below the median overall but better on violent-crime prevalence, with near-term movement worth tracking. Framing safety comparatively and at the neighborhood level is appropriate for underwriting and operations planning.
Nearby corporate anchors help sustain renter demand through commute convenience and diversified employment, including Edison International, Chevron, International Paper, Coca-Cola, and Raytheon within roughly 1.5 7.9 miles.
- Edison International — utilities (1.5 miles) — HQ
- Chevron — energy offices (4.7 miles)
- International Paper — packaging & paper (6.2 miles)
- Coca-Cola Downey — beverage operations (7.6 miles)
- Raytheon Public Safety RTC — defense & communications (7.9 miles)
This 114-unit, 2002-vintage community pairs Los Angeles job access with fundamentals that support durable demand. High ownership costs in the neighborhood (top decile nationally) tend to sustain renter reliance on multifamily, and the neighborhood's rent-to-income positioning indicates room for disciplined pricing and renewal strategies. According to CRE market data from WDSuite, local occupancy trends are below the metro median, so performance will hinge on hands-on leasing and resident retention.
Demographics aggregated within a 3-mile radius show incomes rising and household counts projected to increase even as population remains roughly stable, implying smaller household sizes and a broader renter pool. The property's newer vintage relative to nearby stock can be leveraged for competitive positioning, with targeted upgrades to capture demand while balancing operating risk from softer neighborhood occupancy and lighter daily amenities.
- High-cost ownership market supports sustained multifamily demand and renewal pricing power
- 2002 vintage offers competitive positioning versus older stock with manageable capital planning
- Rising incomes and projected growth in household counts expand the local renter base
- Proximity to major employers underpins leasing velocity and retention
- Risk: neighborhood occupancy below metro median and thinner daily amenities require active operations