| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 70th | Good |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 149 N Oak Knoll Ave, Pasadena, CA, 91101, US |
| Region / Metro | Pasadena |
| Year of Construction | 1986 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
149 N Oak Knoll Ave Pasadena Multifamily Investment
Situated in Pasadena’s urban core, this 21‑unit asset benefits from a high renter concentration and a high‑cost ownership market that supports durable leasing, according to WDSuite’s CRE market data.
Pasadena’s urban core around 149 N Oak Knoll Ave ranks competitive among Los Angeles neighborhoods for overall livability (neighborhood rank 57 of 1,441), with an A+ neighborhood rating. Amenity access is a clear strength: restaurants, groceries, pharmacies, parks, and childcare density place the area in the top quartile nationally, supporting day‑to‑day convenience and renter retention.
For multifamily investors, the neighborhood shows strong renter fundamentals. Roughly three‑quarters of housing units are renter‑occupied, indicating a deep tenant base and steady demand for professionally managed apartments. Neighborhood occupancy has trended upward in recent years, and median contract rents sit well above national norms, reinforcing positioning for well‑maintained units.
Within a 3‑mile radius, demographics point to demand stability: households are projected to increase while average household size edges lower, which typically expands the renter pool and supports occupancy stability. Median and mean household incomes in the 3‑mile area have risen and are expected to continue growing, which helps underpin rent levels.
Home values in the immediate area are elevated relative to national benchmarks, and the value‑to‑income ratio is high. In investment terms, this is a high‑cost ownership market that tends to sustain reliance on rental housing, supporting lease‑up velocity and pricing power for competitive multifamily product.
Two considerations: neighborhood school ratings trend below national averages, which can moderate appeal for some family renters, and rent‑to‑income ratios signal affordability pressure for certain households. Both factors argue for attentive lease management and amenity positioning that resonates with working professionals who prioritize location and convenience.
Safety indicators in the immediate area are mixed and should be contextualized. Compared with other Los Angeles metro neighborhoods, the local crime rank sits in the lower tier (rank 1,238 out of 1,441), indicating higher reported incidents than many peer areas. Nationally, the neighborhood falls below average on safety percentiles; however, recent data show a modest year‑over‑year improvement in violent‑offense trends, suggesting conditions are not static.
For underwriting, investors typically account for added operating attention to access controls, lighting, and resident engagement, which can support retention and curb avoidable incidents. Evaluate property‑level history and block‑level patterns separately from neighborhood aggregates during diligence.
The area draws from a diverse white‑collar employment base that supports renter demand and short commutes, notably across corporate headquarters and major offices for Avery Dennison, Edison International, Chevron, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — materials & labeling (6.96 miles) — HQ
- Edison International — utilities (7.27 miles) — HQ
- Chevron — energy offices (8.22 miles)
- Microsoft — technology offices (9.42 miles)
- Reliance Steel & Aluminum — metals distribution (9.44 miles) — HQ
This Pasadena urban‑core location offers durable renter demand supported by top‑tier amenities, high renter concentration, and a high‑cost ownership landscape that reinforces reliance on multifamily housing. Neighborhood occupancy has improved over the past five years, and rents sit well above national norms, positioning well‑kept units for stable absorption and retention based on CRE market data from WDSuite.
Within a 3‑mile radius, households are expected to grow even as average household size declines, expanding the renter pool and supporting occupancy stability. Proximity to multiple corporate headquarters and major offices deepens the employment base, while investors should manage for affordability pressure, school quality perceptions, and neighborhood safety variance through targeted amenities, security measures, and disciplined leasing.
- High renter concentration and improving neighborhood occupancy support stable leasing
- Amenity‑rich urban core location with top‑quartile national access to daily needs
- Household growth within 3 miles and rising incomes expand the tenant base
- Diverse nearby employers, including several HQs, underpin demand and retention
- Risks: affordability pressure, below‑average school ratings, and safety monitoring needs