| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 44th | Fair |
| Amenities | 42nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11102 Excelsior Dr, Norwalk, CA, 90650, US |
| Region / Metro | Norwalk |
| Year of Construction | 1974 |
| Units | 41 |
| Transaction Date | 1999-07-13 |
| Transaction Price | $900,000 |
| Buyer | FARMERS & MERCHANTS TRUST COMPANY |
| Seller | BIRD BOB DEE |
11102 Excelsior Dr Norwalk Multifamily Investment
This 41-unit property built in 1974 operates in a neighborhood with 100% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis shows the area ranks in the top quartile nationally for housing metrics, supporting stable cash flows for investors.
The Norwalk neighborhood demonstrates strong rental fundamentals with 100% occupancy rates, ranking first among 1,441 metro neighborhoods. This exceptional occupancy performance, coupled with median rents of $1,763 that have grown 8.5% over five years, indicates sustained tenant demand and pricing power for multifamily operators.
Demographic data aggregated within a 3-mile radius shows a stable renter base with 43.7% of housing units occupied by renters. The area's median household income of $91,848 has increased 36.7% over five years, while the population remains relatively stable. Projected household growth of 38.1% through 2028 suggests expanding rental demand as more households enter the market.
Built in 1974, this property predates the neighborhood's average construction year of 1982, presenting potential value-add opportunities through strategic renovations and unit upgrades. The area ranks in the 84th percentile nationally for housing metrics, reflecting strong fundamentals that support long-term investment performance. Childcare density ranks in the 92nd percentile nationally, enhancing tenant appeal for families.
Home values averaging $629,263 have appreciated 34% over five years, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing. The rent-to-income ratio of 0.23 indicates manageable affordability for tenants while supporting lease retention and renewal rates.
Safety metrics show mixed trends with property crime rates at 1,056 incidents per 100,000 residents, though this represents a 29.4% improvement over the past year. The neighborhood ranks in the 22nd percentile nationally for property crime, indicating elevated levels compared to other areas nationwide.
Violent crime rates are more favorable at 93 incidents per 100,000 residents, with a 27.5% decrease over the past year. The area ranks in the 32nd percentile nationally for violent crime. While these metrics warrant monitoring for property management considerations, the improving trends suggest positive momentum in public safety efforts.
The surrounding area benefits from proximity to established corporate offices and defense contractors, providing workforce housing opportunities for professional tenants within reasonable commuting distance.
- Raytheon Public Safety RTC — defense & aerospace (2.6 miles)
- Time Warner Business Class — telecommunications (2.7 miles)
- Coca-Cola Downey — beverage manufacturing (3.2 miles)
- LKQ — automotive parts (3.4 miles)
- Molina Healthcare — healthcare services (10.6 miles) — HQ
This 41-unit Norwalk property offers compelling fundamentals anchored by exceptional neighborhood occupancy rates of 100% and median rents that have grown 8.5% over five years. According to CRE market data from WDSuite, the area ranks in the 84th percentile nationally for housing metrics, while projected household growth of 38.1% through 2028 supports expanding rental demand. The 1974 vintage presents value-add potential through strategic renovations, particularly given the neighborhood's strong rent growth trajectory and stable tenant base.
The investment case is further supported by rising household incomes that have increased 36.7% over five years, reaching a median of $91,848, while home values averaging $629,263 reinforce rental demand by sustaining renter reliance on multifamily housing. The property's location within a mature neighborhood with established employment centers provides workforce housing opportunities for professional tenants.
- Exceptional 100% neighborhood occupancy rates indicate strong rental demand
- Median rents of $1,763 with 8.5% five-year growth demonstrate pricing power
- Projected 38.1% household growth through 2028 expands tenant base
- 1974 vintage offers value-add potential through strategic renovations
- Property crime trends require monitoring for management considerations