| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 28th | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12038 Imperial Hwy, Norwalk, CA, 90650, US |
| Region / Metro | Norwalk |
| Year of Construction | 1973 |
| Units | 46 |
| Transaction Date | 2022-02-08 |
| Transaction Price | $14,100,000 |
| Buyer | IMPERIAL PLACE APARTMENTS LLC |
| Seller | NORWALK INVESTMENT COMPANY LTD |
12038 Imperial Hwy Norwalk Multifamily Investment
High renter concentration and resilient neighborhood occupancy point to durable cash flow potential, according to WDSuite's CRE market data. Elevated ownership costs in Los Angeles County further support sustained rental demand in this Urban Core location.
This Urban Core pocket of Norwalk benefits from strong renter demand dynamics. Neighborhood occupancy is in the top quartile nationally, and the share of housing units that are renter-occupied is high, signaling a deep tenant base and potential for stable leasing. Median contract rents in the area track above national levels, while WDSuite's commercial real estate analysis indicates neighborhood NOI per unit trends outperform many locations nationwide.
Local amenity access is mixed. Restaurants and grocery options are comparatively dense versus national benchmarks, supporting day-to-day convenience, while neighborhood parks, pharmacies, and cafes are thinner on a per-square-mile basis. For investors, this combination often aligns with workforce-oriented renter profiles that prioritize commute and essentials over recreation within the immediate block.
Within a 3-mile radius, recent data show modest population softening but a shift toward smaller household sizes, with forecasts indicating more households over the next five years. That pattern typically expands the renter pool and can support occupancy stability even if overall population growth is flat to slightly negative.
Home values in the neighborhood sit well above national norms, a high-cost ownership context that tends to reinforce reliance on multifamily rentals and can aid lease retention. At the same time, rent-to-income levels suggest some affordability pressure, which calls for attentive leasing and renewal strategies.
Safety indicators for the neighborhood are below the national median, based on WDSuite's benchmarks. Property-related offenses have shown notable improvement year over year, while violent offense measures remain comparatively elevated. Investors typically plan for practical security measures and active property management to support resident experience and retention.
The nearby employment base features distribution, manufacturing, and telecom operations that support steady renter demand through commute-friendly access. Key employers within a short drive include LKQ, Raytheon Public Safety RTC, International Paper, Coca-Cola, and Time Warner Business Class.
- LKQ — distribution (2.0 miles)
- Raytheon Public Safety RTC — defense & aerospace offices (2.5 miles)
- International Paper — packaging & paper (2.8 miles)
- Coca-Cola Downey — beverage bottling (3.1 miles)
- Time Warner Business Class — telecom services (3.3 miles)
The property's immediate neighborhood exhibits durable rental fundamentals: high renter-occupied share, occupancy in the top quartile nationally, and rents positioned above national averages. Elevated ownership costs in Los Angeles County reinforce reliance on multifamily housing, supporting demand depth and potential lease stability. Based on CRE market data from WDSuite, neighborhood NOI per unit performance is strong relative to many areas, while the rent-to-income backdrop warrants disciplined renewal and pricing strategies.
Within a 3-mile radius, forecasts indicate an increase in households even as population is expected to edge down, reflecting smaller household sizes. For investors, that shift typically expands the tenant base and can help sustain occupancy, provided management balances affordability pressure with amenity and maintenance execution. Key risks include below-median safety indicators and thinner park and cafe density, which can be mitigated through on-site programming and operating focus.
- High neighborhood occupancy and renter concentration support leasing stability
- Elevated ownership costs bolster multifamily demand and retention
- Household growth within 3 miles suggests a larger renter pool over time
- Above-national rent levels and NOI trends provide revenue potential with disciplined management
- Risks: below-median safety indicators and thinner parks/cafes call for proactive operations