| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 48th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15700 Belshire Ave, Norwalk, CA, 90650, US |
| Region / Metro | Norwalk |
| Year of Construction | 1976 |
| Units | 30 |
| Transaction Date | 2001-04-13 |
| Transaction Price | $1,950,000 |
| Buyer | JAMBOREE INVESTORS VILLA TUSCANY LLC |
| Seller | SMITH ANNE J |
15700 Belshire Ave Norwalk Multifamily Investment
This 30-unit property built in 1976 sits in a neighborhood with 98.3% occupancy, indicating strong rental demand fundamentals according to CRE market data from WDSuite.
The property is located in an Urban Core neighborhood ranked 425th among 1,491 Los Angeles metro neighborhoods, earning a B+ rating. The area demonstrates solid multifamily fundamentals with neighborhood-level occupancy at 98.3%, ranking in the top quartile nationally. Current median contract rents of $1,781 reflect competitive pricing within the metro context.
Built in 1976, this property represents value-add potential as the neighborhood's average construction year is 1988, suggesting opportunities for strategic improvements to align with newer area standards. The rental housing stock comprises 48.5% of total units, providing a substantial tenant base within a 3-mile demographic radius of over 171,000 residents.
Demographic data aggregated within a 3-mile radius shows median household income of $105,593 with 32.4% of housing units renter-occupied. The area benefits from strong amenity density, ranking in the 98th percentile nationally for grocery stores (7.72 per square mile) and restaurants (27.02 per square mile), supporting tenant retention through convenience and lifestyle appeal.
Five-year projections indicate household growth from 48,023 to 65,642 units, representing a 36.7% increase that could expand the renter pool and support sustained occupancy levels. Home values averaging $628,064 with significant appreciation may reinforce rental demand as ownership costs remain elevated relative to household incomes.
Crime metrics show the neighborhood ranking 1,216th among 1,491 metro neighborhoods, placing it in the 31st percentile nationally for safety. Property offense rates estimated at 367.7 per 100,000 residents reflect area-typical patterns, though recent year-over-year increases of 55.9% warrant monitoring for potential impacts on tenant retention and insurance considerations.
Violent crime rates remain relatively contained at 63.0 per 100,000 residents, though trending upward by 68.1% year-over-year. Investors should factor these safety dynamics into property management strategies, security measures, and tenant screening protocols while recognizing that crime trends can influence long-term rental demand and property values.
The area benefits from proximity to established corporate offices and headquarters, providing workforce housing opportunities for employees across technology, industrial, and healthcare sectors.
- Time Warner Business Class — telecommunications services (1.4 miles)
- LKQ — automotive parts distribution (2.3 miles)
- Raytheon Public Safety RTC — defense & aerospace offices (3.8 miles)
- Coca-Cola Downey — beverage manufacturing (4.5 miles)
- Molina Healthcare — healthcare services (11.3 miles) — HQ
This 30-unit property presents a value-add opportunity in a fundamentally sound rental market. The neighborhood's 98.3% occupancy rate demonstrates sustained tenant demand, while the 1976 construction year offers renovation upside to capture higher rents as area medians reach $1,781. Demographic projections showing 36.7% household growth through 2028 support long-term rental demand expansion.
Commercial real estate analysis from WDSuite indicates the area's Urban Core designation and strong amenity density create competitive advantages for tenant retention. Home values averaging $628,064 with significant appreciation may keep potential buyers in the rental market, supporting occupancy stability. However, investors should monitor recent crime trend increases and factor security considerations into operating strategies.
- High neighborhood occupancy at 98.3% indicates strong rental demand fundamentals
- Value-add potential with 1976 vintage in area averaging 1988 construction
- Projected 36.7% household growth through 2028 supports tenant base expansion
- Strong amenity density with top-quartile grocery and restaurant access
- Risk consideration: Recent crime trend increases require security planning and monitoring