| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 81st | Best |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1425 E Orange Grove Blvd, Pasadena, CA, 91104, US |
| Region / Metro | Pasadena |
| Year of Construction | 1973 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1425 E Orange Grove Blvd Pasadena Multifamily Investment
This 32-unit property benefits from neighborhood-level occupancy at 98.3%, ranking in the top quartile nationally. Strong renter demand is supported by high median household income of $160,611 according to CRE market data from WDSuite.
Located in Pasadena's inner suburb neighborhood, this area demonstrates strong fundamentals for multifamily investors. The neighborhood ranks in the top quartile nationally for occupancy at 98.3%, well above typical metro averages, indicating consistent tenant demand and stable cash flow potential.
Demographics within a 3-mile radius support sustained rental demand, with median household income of $160,611 ranking in the 95th percentile nationally. The area maintains 55.4% renter-occupied housing units, providing a substantial tenant pool. Home values averaging $1.25 million reinforce rental demand as elevated ownership costs keep households in the rental market longer.
Built in 1973, this property aligns with the neighborhood's older housing stock, presenting potential value-add opportunities through strategic renovations and unit improvements. Schools average 4.0 out of 5 stars, ranking in the 84th percentile nationally, which supports family tenant retention. The area shows strong rent growth with median contract rents at $2,404, though amenity density remains limited with minimal retail and dining options nearby.
Demographic projections indicate household growth of 35.5% through 2028, expanding the renter pool and supporting long-term occupancy stability. The combination of high-income demographics, limited ownership affordability, and projected household formation creates favorable conditions for multifamily performance.
The neighborhood demonstrates favorable safety metrics compared to regional averages. Property crime rates rank in the 48th percentile nationally among 1,441 metro neighborhoods, indicating moderate performance relative to the broader Los Angeles market.
Recent trends show improvement, with property crime declining 43.5% year-over-year and violent crime dropping 69.6% over the same period. These positive directional changes suggest strengthening conditions that can support tenant retention and leasing velocity.
The surrounding area benefits from proximity to major corporate headquarters and offices, providing employment stability that supports rental demand from professional tenants.
- Edison International — utilities headquarters (7.6 miles) — HQ
- Avery Dennison — manufacturing headquarters (7.8 miles) — HQ
- Chevron — energy offices (8.1 miles)
- Microsoft — technology offices (10.5 miles)
- CBRE Group — commercial real estate headquarters (10.6 miles) — HQ
This 32-unit Pasadena property presents compelling fundamentals for long-term multifamily investors. Neighborhood-level occupancy of 98.3% ranks in the top quartile nationally, indicating strong tenant retention and minimal vacancy risk. The high-income demographic profile, with median household income of $160,611, supports rent growth potential and lease stability. Built in 1973, the property offers value-add opportunities through strategic renovations to capture upside in this appreciating market.
Demographic trends reinforce the investment thesis, with projected household growth of 35.5% through 2028 expanding the renter pool. Home values averaging $1.25 million create natural barriers to ownership, sustaining rental demand. According to commercial real estate analysis from WDSuite, the combination of strong occupancy metrics, affluent demographics, and limited ownership affordability positions this asset favorably within the Los Angeles multifamily market.
- Neighborhood occupancy at 98.3% ranks top quartile nationally
- High-income demographics with $160,611 median household income
- Projected household growth of 35.5% through 2028
- Value-add potential from 1973 vintage requiring capital planning
- Limited amenity density may impact tenant satisfaction and retention