| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 67th | Good |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2750 Piedmont Ave, Montrose, CA, 91020, US |
| Region / Metro | Montrose |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2750 Piedmont Ave, Montrose Multifamily Value-Add
Neighborhood occupancy is solid and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. This positions the asset for steady leasing with potential upside from targeted renovations.
The property sits in a B+ rated Urban Core neighborhood that is competitive among Los Angeles-Long Beach-Glendale submarkets (ranked 490 of 1,441 metro neighborhoods). Based on CRE market data from WDSuite, neighborhood occupancy trends are above national medians, with local operations benefiting from consistent renter interest and limited prolonged vacancy.
Renter concentration in the neighborhood is high (share of housing units that are renter-occupied), indicating a deeper tenant base and supporting demand durability for multifamily. At the same time, elevated home values in the area reinforce reliance on rental housing, which can support pricing power and lease retention for well-managed assets.
Within a 3-mile radius, demographics point to stable-to-moderating population levels but a larger number of households over the next five years, implying smaller household sizes and a broader renter pool. This pattern typically supports occupancy stability and consistent leasing activity, even when overall population growth is modest.
Day-to-day convenience is mixed: grocery access scores strong compared with neighborhoods nationwide, while cafes and parks are less dense locally. For investors, this combination suggests practical essentials are nearby, though lifestyle amenities may be more dispersed and could shape the resident profile toward convenience-seeking renters rather than entertainment-driven demand.
Market performance indicators are favorable: neighborhood-level NOI per unit trends sit in the top decile nationally, and occupancy ranks above the metro median. For a 1974 vintage asset, this backdrop can translate into stable operations with potential to capture rent premiums through targeted upgrades relative to the area’s 1981 average construction vintage.
Safety metrics for the neighborhood are mixed compared with neighborhoods nationwide. Property offense levels track around the national middle, while overall crime sits below the national median. Recent year-over-year data indicate an uptick in violent offense rates, so underwriting should consider trend monitoring and security best practices rather than assuming reversion.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area performs closer to the center of the pack than to the top quartile. For investors, this generally supports workforce retention but warrants standard risk management, resident engagement, and lighting/camera enhancements as part of ongoing operations.
Proximity to established corporate offices supports a stable commuter renter base and can aid retention for residents prioritizing short drives. The nearby employment mix includes Avery Dennison, Charter Communications, Disney, Radio Disney, and Live Nation Entertainment.
- Avery Dennison — corporate offices (4.0 miles) — HQ
- Charter Communications — corporate offices (6.1 miles)
- Disney — corporate offices (6.3 miles) — HQ
- Radio Disney — corporate offices (7.2 miles)
- Live Nation Entertainment — corporate offices (9.8 miles)
2750 Piedmont Ave is a 30-unit asset built in 1974, positioning it slightly older than the neighborhood’s average stock and creating a clear path for value-add through interior updates and building system planning. According to WDSuite’s commercial real estate analysis, the surrounding neighborhood demonstrates above-median occupancy and strong income performance, while elevated home values reinforce sustained renter reliance on multifamily housing.
Within a 3-mile radius, forecasts show modest population movement but growth in household counts and higher incomes, implying smaller household sizes and a broader tenant base over time. Neighborhood renter concentration supports depth of demand, though higher rent-to-income ratios suggest affordability pressure in parts of the renter cohort—an important consideration for lease management and renewal strategies.
- Value-add potential: 1974 vintage offers renovation and system-upgrade upside relative to area norms.
- Stable demand: above-median neighborhood occupancy and strong per-unit income trends support consistent leasing.
- High-cost ownership market: elevated home values bolster multifamily demand and can support pricing power.
- Expanding renter pool: 3-mile household growth and rising incomes reinforce tenant depth and retention potential.
- Risks to monitor: affordability pressure (rent-to-income) and mixed safety trends call for disciplined lease and operations management.