| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 52nd | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 425 N Nicholson Ave, Monterey Park, CA, 91755, US |
| Region / Metro | Monterey Park |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
425 N Nicholson Ave Monterey Park Multifamily Investment
This 20-unit property benefits from neighborhood-level occupancy at 95% with strong renter demand in an urban core location. Commercial real estate analysis from WDSuite indicates the area ranks in the top 11% nationally for amenity access.
This Monterey Park property sits in an urban core neighborhood ranking 158th among 1,441 metro neighborhoods, with an A-rating based on comprehensive market fundamentals. The area demonstrates strong rental demand with 65% of housing units occupied by renters, ranking in the top quartile nationally for rental tenure share.
Built in 1972, this property requires consideration of potential capital expenditure needs typical of assets from this vintage, though the neighborhood's average construction year of 1983 suggests a relatively mature building stock. Demographic data within a 3-mile radius shows 221,000+ residents with household income growth of 43% over five years, supporting rental demand stability.
The neighborhood offers exceptional amenity density with 7.8 grocery stores per square mile (top 2% nationally) and 49 restaurants per square mile (top 1% nationally), supporting tenant retention. School ratings average 5.0 out of 5.0, ranking first among metro neighborhoods. Current median contract rent of $1,669 has grown 32% over five years, though rent-to-income ratios at 0.34 indicate affordability pressures that require careful lease management.
Forward-looking demographics project modest population stability with household formation increasing 32% through 2028, expanding the potential renter pool. Home values at $785,456 median with 54% five-year appreciation reinforce rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Safety metrics for this neighborhood show mixed performance relative to the Los Angeles metro area. Property crime rates rank 841st among 1,441 metro neighborhoods with an estimated rate of 523 incidents per 100,000 residents, though this represents a 27% improvement over the prior year, ranking in the 71st percentile nationally for crime reduction trends.
Violent crime rates are more favorable, with 60 incidents per 100,000 residents and an 11% year-over-year decline. While crime statistics place the area around metro median levels, the improving trend direction provides some reassurance for long-term occupancy stability considerations.
The property benefits from proximity to major corporate employers that support workforce housing demand, including utility, energy, and technology companies within commuting distance.
- Edison International — utility services (2.4 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 1972-vintage property offers value-add potential through strategic capital improvements while benefiting from strong neighborhood fundamentals. The 95% neighborhood-level occupancy rate exceeds many metro areas, and demographic projections show household growth of 32% through 2028, expanding the tenant base. According to CRE market data from WDSuite, the area's top-quartile national ranking for amenity access and rental tenure share supports long-term demand stability.
The property's location provides access to major employment centers including Edison International's headquarters 2.4 miles away, supporting workforce housing demand. However, investors should factor in potential capital expenditure needs given the building's age and monitor rent-to-income ratios that may limit pricing power in lease renewals.
- Strong rental market with 65% renter-occupied units ranking top quartile nationally
- Exceptional amenity density supporting tenant retention and lease-up velocity
- Proximity to major employers including Edison International headquarters
- Demographic growth projecting 32% household increase through 2028
- Value-add opportunity through strategic improvements to 1972 vintage property