| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 48th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12247 Cheshire St, Norwalk, CA, 90650, US |
| Region / Metro | Norwalk |
| Year of Construction | 1987 |
| Units | 26 |
| Transaction Date | 2004-10-18 |
| Transaction Price | $3,280,000 |
| Buyer | MONAZZAM JAFAR |
| Seller | CUI XIANG HAO |
12247 Cheshire St, Norwalk CA Multifamily Investment
Neighboring submarket fundamentals point to steady renter demand and high occupancy, according to CRE market data from WDSuite. Elevated ownership costs in the area support lease retention and pricing discipline for well-positioned assets.
This Urban Core pocket of Norwalk carries a B+ neighborhood rating and demonstrates strong convenience fundamentals for renters. Neighborhood grocery, park, pharmacy, and dining densities rank near the top of national peers, while cafes and childcare are sparser—positioning the location more for everyday essentials than lifestyle retail.
Neighborhood occupancy is high and has edged up over the past five years, supporting stable cash flow potential for multifamily. Renter-occupied share is roughly half of local housing units, indicating a meaningful tenant base without being saturated by rentals. Median school quality trends modestly above national norms, which can aid family retention.
Home values are elevated versus national benchmarks, and the value-to-income ratio sits on the higher side for Los Angeles County—conditions that tend to sustain reliance on rental housing and support leasing velocity. At the same time, rent-to-income metrics are manageable relative to local incomes, suggesting affordability pressures are present but not extreme for the area’s wage profile.
Within a 3-mile radius, recent data show a slight population decline alongside smaller average household sizes and a modest dip in families. Looking forward, forecasts point to an increase in total households despite softer population trends—implying more, smaller households and a broader renter pool that can support occupancy for well-operated properties. These dynamics align with investor priorities surfaced in commercial real estate analysis.
Relative to national norms, the neighborhood’s safety profile trends below average, and within the Los Angeles-Long Beach-Glendale metro it sits toward the higher-crime end of the spectrum (ranked in the lower tier among 1,441 metro neighborhoods). Nationally, it falls in a lower safety percentile, indicating investors should underwrite with prudent security measures and operational controls.
Recent estimates also indicate year-over-year increases in both property and violent offense rates locally. While these statistics vary by block and over time, a conservative plan for lighting, access control, and resident engagement can help manage risk and support retention.
Nearby employers provide a diversified employment base—telecom services, auto parts distribution, defense-related operations, beverage bottling, and packaging—supporting commute convenience for workforce renters.
- Time Warner Business Class — telecom services (1.6 miles)
- LKQ — auto parts distribution (2.2 miles)
- Raytheon Public Safety RTC — defense-related operations (3.7 miles)
- Coca-Cola Downey — beverage bottling (4.3 miles)
- International Paper — packaging (4.6 miles)
12247 Cheshire St is a 26-unit asset built in 1987—slightly older than the neighborhood average—suggesting room for targeted value-add and systems modernization to sharpen competitive positioning against newer stock. The surrounding neighborhood reports high occupancy, with upward movement over five years, indicating durable renter demand rather than transient spikes, based on CRE market data from WDSuite.
Local conditions show elevated ownership costs and strong access to everyday amenities, both supportive of leasing stability. Within a 3-mile radius, forecasts show more households even as population softens, implying smaller household sizes and an expanded renter pool—factors that can support occupancy and renewals for well-managed properties. Underwriting should account for the area’s below-average safety profile with appropriate on-site measures.
- High neighborhood occupancy and steady five-year trend support income stability
- 1987 vintage offers value-add and modernization potential to drive rent trade-outs
- Elevated home values reinforce renter reliance on multifamily, aiding retention
- Amenity-rich daily needs (groceries, parks, pharmacies, dining) support livability
- Risk: below-average safety metrics warrant prudent security and operating controls