| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 21st | Poor |
| Amenities | 59th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7320 Exeter St, Paramount, CA, 90723, US |
| Region / Metro | Paramount |
| Year of Construction | 1975 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7320 Exeter St Paramount Value-Add Multifamily
Neighborhood occupancy is strong and renter demand appears durable, according to WDSuite’s CRE market data, suggesting stable operations for a well-managed asset. Metrics cited refer to the surrounding neighborhood, not the property.
Situated in Paramount’s inner-suburban fabric of Los Angeles County, the property benefits from a renter-driven neighborhood where an estimated 57.6% of housing units are renter-occupied. For investors, that depth of renter concentration supports a wider tenant pool and steadier leasing velocity.
Neighborhood occupancy trends are favorable: the area’s occupancy ranks 213 out of 1,441 metro neighborhoods, placing it in the top quartile locally and around the top decile nationally based on WDSuite’s CRE market data. This backdrop can underpin lower downtime between turns and reinforce renewal potential.
Daily-life amenities are reasonably accessible, with restaurants, cafes, groceries, and pharmacies comparing above national norms, though neighborhood park access is limited and average school ratings trend below national averages. These dynamics can shape tenant mix toward workforce households prioritizing commute convenience and essential services over recreation-oriented amenities.
Within a 3-mile radius, households have increased in recent years and are projected to rise further, even as population trends edge slightly lower and average household size moderates. This shift typically indicates more, smaller households entering the renter pool, supporting multifamily demand and occupancy stability. Elevated home values relative to incomes in the neighborhood context create a high-cost ownership market, which tends to sustain reliance on rental housing and can aid lease retention.
Built in 1975, the asset is older than the neighborhood’s average vintage (early 1980s). Investors should plan for ongoing capital improvements and may find renovation or common-area upgrades as levers to enhance competitiveness against newer stock.
Safety indicators for the surrounding neighborhood track below the national median, per WDSuite. However, recent year-over-year trends show declining estimated rates for both property and violent offenses, signaling gradual improvement rather than deterioration. Interpreting these data comparatively is prudent for underwriting and for setting security, lighting, and resident engagement strategies.
Within the Los Angeles metro context (1,441 neighborhoods), the area is competitive with some peer submarkets yet not among the metro’s top performers on safety. Investors typically account for this by calibrating operating practices and community standards, which can support resident retention and reputation management over time.
Proximity to diversified employers supports a broad renter base and practical commute shed, including Airgas, Coca-Cola Downey, Raytheon Public Safety RTC, Time Warner Business Class, and International Paper, with additional scale from Molina Healthcare’s nearby headquarters.
- Airgas — industrial gases (1.2 miles)
- Coca-Cola Downey — beverage operations (3.5 miles)
- Raytheon Public Safety RTC — defense & aerospace offices (3.7 miles)
- Time Warner Business Class — telecommunications (6.6 miles)
- International Paper — packaging & paper (6.9 miles)
- Molina Healthcare — healthcare services (9.3 miles) — HQ
7320 Exeter St offers a small-bay, 23-unit footprint positioned in a renter-heavy neighborhood where occupancy performance is strong relative to both metro peers and national benchmarks. Elevated home values in the local context reinforce reliance on rental housing, while a diverse employment base within a short drive supports everyday leasing demand and retention. According to CRE market data from WDSuite, neighborhood occupancy sits in the top quartile locally, aligning with an underwriting case centered on stable tenancy and manageable downtime.
The 1975 vintage suggests near-term and ongoing capital planning, which can be harnessed as value-add through unit refreshes and systems upgrades to compete with newer inventory. Within a 3-mile radius, household counts have grown and are projected to expand further even as average household size trends lower—conditions that typically enlarge the tenant base and support occupancy stability. Lease management should account for affordability pressure in the area, balancing pricing power with renewal objectives.
- Strong neighborhood occupancy versus metro and national benchmarks supports lower downtime
- Renter concentration and diversified nearby employers underpin steady tenant demand
- 1975 vintage offers clear value-add pathway via interior and systems upgrades
- High-cost ownership market can reinforce lease retention and demand for rentals
- Risks: below-median safety and affordability pressure require active asset and lease management