| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 28th | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13947 Paramount Blvd, Paramount, CA, 90723, US |
| Region / Metro | Paramount |
| Year of Construction | 1988 |
| Units | 48 |
| Transaction Date | 2015-11-30 |
| Transaction Price | $10,915,000 |
| Buyer | NNC PARAMOUNT TERRACE LLC |
| Seller | THE PLATINUM ASSOCIATES LLC |
13947 Paramount Blvd Multifamily Investment
This 48-unit property offers exposure to strong rental demand fundamentals, with neighborhood-level occupancy at 97.9% and median rents reaching $2,166 according to CRE market data from WDSuite.
The Paramount neighborhood demonstrates solid rental market fundamentals with 97.9% occupancy rates that rank in the 88th percentile nationally, significantly outperforming typical vacancy concerns in urban core markets. The area maintains a strong rental orientation with 65.2% of housing units occupied by renters, ranking in the 96th percentile nationally and supporting consistent tenant demand.
Built in 1988, this property aligns with the neighborhood's average construction year of 1981, positioning it within the established building stock while potentially offering value-add opportunities through targeted capital improvements. Demographic data within a 3-mile radius shows a stable population base of approximately 253,000 residents, with household income growth of 35.2% over the past five years reaching a median of $75,626.
Rental affordability presents mixed signals for investor consideration. While median contract rents of $2,166 reflect strong pricing power and rank in the 94th percentile nationally, the rent-to-income ratio of 0.29 ranks in the bottom quartile among 1,441 metro neighborhoods, suggesting potential retention considerations. However, elevated home values at $564,408 median and a value-to-income ratio ranking in the 91st percentile nationally help sustain rental demand by limiting ownership accessibility.
The neighborhood shows limited walkable amenities, with minimal cafe, grocery, and park density ranking at the bottom nationally. This car-dependent environment may impact tenant appeal but aligns with the broader suburban rental market dynamics in the Los Angeles metro area.
Crime metrics present a mixed profile that warrants investor attention. Property crime rates of 454 incidents per 100,000 residents rank in the 39th percentile nationally among neighborhoods, indicating moderate levels compared to peer markets. More encouragingly, property crime has declined 34.2% year-over-year, ranking in the 77th percentile nationally for crime reduction trends.
Violent crime rates of 101 incidents per 100,000 residents place the neighborhood in the 31st percentile nationally, suggesting elevated levels relative to national averages. However, investors should note that crime statistics can vary significantly at the block level, and the overall crime rank of 933 out of 1,441 metro neighborhoods positions the area near the median for the broader Los Angeles region.
The property benefits from proximity to diverse corporate employers that support workforce housing demand, including industrial gas, beverage, and aerospace operations within commuting distance.
- Airgas — industrial gas services (1.8 miles)
- Coca-Cola Downey — beverage manufacturing (2.7 miles)
- Raytheon Public Safety RTC — defense & aerospace (2.9 miles)
- International Paper — packaging & paper products (6.1 miles)
- Molina Healthcare — healthcare services (10.0 miles) — HQ
This 48-unit property presents a compelling case for investors seeking exposure to stable rental demand in the Los Angeles market. The neighborhood's 97.9% occupancy rate ranks in the 88th percentile nationally, while the 65.2% renter-occupied housing share ranks in the 96th percentile, indicating strong structural rental demand. Built in 1988, the property offers potential value-add opportunities through strategic capital improvements while benefiting from established neighborhood dynamics.
Demographic trends within a 3-mile radius support long-term tenant demand, with household income growth of 35.2% over five years and forecasted continued expansion in the renter pool. Elevated home values at $564,408 median help sustain rental demand by limiting ownership accessibility, though investors should monitor the rent-to-income ratio dynamics for retention implications. The diverse nearby employment base, including aerospace, healthcare, and manufacturing operations, provides workforce housing demand drivers.
- Neighborhood occupancy at 97.9% ranks in 88th percentile nationally
- Strong rental orientation with 65.2% renter-occupied units
- 1988 vintage offers value-add potential through targeted improvements
- Diverse employment base supports workforce housing demand
- Risk consideration: Rent-to-income ratio may impact tenant retention