| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 28th | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14008 McClure Ave, Paramount, CA, 90723, US |
| Region / Metro | Paramount |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | 2002-01-22 |
| Transaction Price | $1,588,500 |
| Buyer | QUEENS GATE RESIDENTIAL LLC |
| Seller | BOTZ THOMAS |
14008 McClure Ave Paramount CA Multifamily Investment
High renter concentration and a high-occupancy neighborhood support income durability, according to WDSuite’s CRE market data. Location fundamentals in the Los Angeles metro bolster leasing stability even as operators manage affordability and amenity trade-offs.
Paramount sits within the Los Angeles-Long Beach-Glendale metro’s Urban Core, where renter demand is deep and occupancy is resilient. The neighborhood’s occupancy ranks 271 out of 1,441 metro neighborhoods — competitive among Los Angeles-Long Beach-Glendale neighborhoods and in the top quartile nationally — signaling strong leasing conditions for professionally managed multifamily.
Renter-occupied housing accounts for a substantial share of units in the neighborhood (ranked 260 of 1,441; top decile nationally), which indicates a broad tenant base and supports demand stability for a 24-unit property. Median contracted rents sit well above most U.S. neighborhoods with solid multi-year growth, per WDSuite’s CRE market data, reinforcing pricing power for well-maintained assets.
Within a 3-mile radius, households have increased over the past five years while overall population edged down slightly — a pattern consistent with smaller average household sizes and demographic shifts that can expand the renter pool and support occupancy. Forecasts point to additional household growth and higher incomes ahead, which can underpin renewal rates and measured rent steps for competitively positioned properties.
Local retail and daily-needs density inside the immediate neighborhood cluster is limited, though restaurant presence is comparatively stronger than many areas nationwide. For investors, this suggests marketing around drive-time access to the broader LA retail grid rather than walkable amenities. Median home values in the neighborhood are elevated for the region, and the value-to-income ratio sits in a high national percentile — a high-cost ownership backdrop that tends to sustain reliance on multifamily rental housing.
Vintage and asset positioning: Built in 1987, the property is newer than the neighborhood’s average vintage (early 1980s). That positioning can be competitive versus older stock, while still warranting targeted modernization and systems upgrades to support rent attainment and retention.
Safety conditions should be evaluated at the neighborhood scale rather than the block. On a comparative basis, this neighborhood’s crime rank sits at 933 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating higher-than-median crime relative to the metro. Nationally, it trends below the median for safety; however, property offenses have declined materially year over year (a notable improvement trend), according to WDSuite’s CRE market data.
Investors should incorporate routine security measures and operational best practices. Monitoring trend lines — including the recent decrease in property offenses alongside softer violent-crime positioning — can inform insurance, lighting, and access-control planning without overreliance on short-term fluctuations.
Proximity to a diverse employment base — including industrial gases, beverages, defense-related operations, packaging, and telecom — supports workforce housing demand and commute convenience for renters in this submarket.
- Airgas — industrial gases (1.7 miles)
- Coca-Cola Downey — beverages/distribution (2.8 miles)
- Raytheon Public Safety RTC — defense-related operations (3.0 miles)
- International Paper — packaging (6.2 miles)
- Time Warner Business Class — telecom services (6.3 miles)
This 24-unit 1987-vintage asset in Paramount benefits from a high-occupancy neighborhood and a deep renter base, with rents positioned above most U.S. neighborhoods. Based on commercial real estate analysis from WDSuite, the area’s renter concentration and competitive metro occupancy profile point to durable leasing, while elevated ownership costs in the neighborhood support continued reliance on multifamily housing.
Within a 3-mile radius, households have risen even as average household size trends lower, broadening the tenant pool. The 1987 construction offers relative competitiveness versus older local stock, with targeted value-add through modernization likely to support rent attainment and retention. Operators should still manage affordability pressure and amenity-light microlocation dynamics through service quality and expense discipline.
- High-occupancy neighborhood with competitive metro ranking supports income stability
- Strong renter concentration and elevated ownership costs deepen multifamily demand
- 1987 vintage offers modernization/value-add pathways to enhance performance
- Household growth and rising incomes within 3 miles expand the tenant base
- Risks: amenity-light microlocation, affordability pressure, and elevated crime relative to metro