| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 31st | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1255 N Hudson Ave, Pasadena, CA, 91104, US |
| Region / Metro | Pasadena |
| Year of Construction | 1982 |
| Units | 41 |
| Transaction Date | 2014-04-15 |
| Transaction Price | $6,590,065 |
| Buyer | AAH HUDSON LP |
| Seller | HUDSON STREET APARTMENTS LIMITED PARTNER |
1255 N Hudson Ave, Pasadena CA Multifamily Investment
High renter concentration and elevated ownership costs in the neighborhood point to durable tenant demand, according to WDSuite’s CRE market data. Investors should weigh steady occupancy dynamics against selective amenity gaps to calibrate leasing and capital plans.
Located in Pasadena’s urban core of the Los Angeles-Long Beach-Glendale metro, the neighborhood offers day-to-day convenience with strong access to essentials and dining. Grocery availability ranks in the top quartile nationally by density, and restaurants are also in the top quartile, while cafes are competitive. Childcare and pharmacies are comparatively sparse, which may influence tenant mix and marketing strategy. These amenity patterns, based on WDSuite’s CRE market data, support a livable profile with a few service gaps to note.
Renter-occupied housing represents a high share of neighborhood units (top quartile nationally), signaling a deep tenant base for multifamily. Neighborhood occupancy has been mid-pack and edged down over the last five years, suggesting leasing remains active but price-sensitive. In this context, the asset’s positioning can emphasize value, unit quality, or convenience to sustain occupancy and renewal performance.
Within a 3-mile radius, demographics show a stable adult-driven population mix and rising incomes over the last several years, with households increasing even as average household size trends smaller. This points to a broader renter pool and supports ongoing demand for professionally managed apartments, though lease management should account for affordability pressure at higher price points.
Home values in the neighborhood are elevated relative to national norms, reinforcing renter reliance on multifamily housing and supporting retention and pricing power for well-maintained assets. Average neighborhood NOI per unit trends modestly above the national median, indicating income potential that is competitive among peer locations without relying on outsized growth assumptions.
The property’s 1982 vintage is newer than the neighborhood’s older housing stock, offering relative competitiveness versus mid-century product. Investors should still plan for ongoing system upgrades and potential modernization to meet current renter expectations and preserve occupancy stability.
Safety indicators are mixed relative to the metro and nation. Crime ranks below the metro median (crime rank sits in the lower half among 1,441 Los Angeles-Long Beach-Glendale neighborhoods), aligning with a national positioning below the 50th percentile for safety. That said, both violent and property offense rates have shown year-over-year improvement, with double-digit declines, indicating a recent positive trend to monitor rather than a resolved condition.
For underwriting and leasing strategy, this suggests prudent emphasis on on-site security, lighting, and resident engagement, while acknowledging directional improvement that may support tenant retention.
Proximity to major corporate employers underpins a broad professional renter base and commute convenience. Key nearby anchors include Avery Dennison, Edison International, Chevron, Microsoft, and Reliance Steel & Aluminum, supporting leasing depth across office, energy, and industrial sectors.
- Avery Dennison — materials & labeling HQ (7.0 miles) — HQ
- Edison International — utilities HQ (8.4 miles) — HQ
- Chevron — energy offices (9.1 miles)
- Microsoft — technology offices (10.4 miles)
- Reliance Steel & Aluminum — metals & distribution HQ (10.4 miles) — HQ
1255 N Hudson Ave is a 41-unit Pasadena asset with average unit sizes around 821 sq. ft., positioned in a neighborhood with strong daily conveniences and a renter-heavy housing mix. Elevated home values bolster reliance on multifamily housing, while neighborhood occupancy has been generally stable, indicating ongoing demand with sensitivity to product quality and price. The 1982 construction is newer than much of the area’s stock, offering competitive positioning versus older buildings, though investors should budget for targeted system upgrades and modernization to sustain rentability.
Within a 3-mile radius, households are growing even as average household size trends lower, which typically supports a larger tenant base and steady leasing flow. According to CRE market data from WDSuite, amenity access is favorable for groceries and dining, and NOI performance sits modestly above national medians, reinforcing a pragmatic case for long-term hold or value-add execution, balanced against safety considerations and select service gaps.
- Renter-heavy neighborhood and high ownership costs support durable multifamily demand
- 1982 vintage offers competitive edge versus older stock with clear modernization pathways
- Strong grocery and dining access and proximity to major employers aid leasing and retention
- Neighborhood NOI trends modestly above national median, supporting income stability
- Risks: safety metrics below national median and amenity gaps (childcare/pharmacy) require proactive management