| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 42nd | Fair |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 N Fair Oaks Ave, Pasadena, CA, 91103, US |
| Region / Metro | Pasadena |
| Year of Construction | 2004 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1900 N Fair Oaks Ave Pasadena Multifamily Investment
2004 vintage, 65 units, positioned in Pasadena s Urban Core with steady renter demand reinforced by a high-cost ownership market, according to WDSuite s commercial real estate analysis. Newer construction than much of the area s stock supports competitive positioning and pragmatic capital planning.
The property sits in Pasadena s Urban Core, where neighborhood metrics from WDSuite indicate generally stable multifamily fundamentals. Neighborhood occupancy trends are competitive for Los Angeles-Long Beach-Glendale and roughly midrange nationally, supporting day-to-day leasing continuity without relying on outsized concessions.
Livability is anchored by everyday retail and dining access restaurant density tracks in a stronger national percentile for the neighborhood while grocery availability is solid compared with broader U.S. patterns. By contrast, park and pharmacy access score lower in the neighborhood data, which investors should consider when underwriting retention and amenity strategies.
Within a 3-mile radius, household counts have edged higher even as population has softened, pointing to smaller household sizes and a larger number of households competing for rental options. Median incomes are relatively strong in this radius, and elevated for-sale home values in the neighborhood data suggest a high-cost ownership market that tends to sustain reliance on multifamily housing and support pricing power when managed carefully.
Tenure patterns reinforce demand depth: within 3 miles, about half of housing units are renter-occupied, indicating a broad tenant base that supports absorption and renewal activity. The property s 2004 construction is materially newer than the neighborhood s older average vintage, improving competitive stance versus legacy stock, though investors should still plan for systems updates and selective renovations over the hold.
Safety indicators for the neighborhood are around the metro average among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, with overall crime levels near the national midpoint, per WDSuite. Recent year-over-year data show meaningful declines in both property and violent offense estimates, an encouraging trend for long-term stability, though current levels still warrant ongoing monitoring in asset management plans.
Proximity to major employers across manufacturing, utilities, media, energy, and technology underpins a diverse commuter base and supports renter demand through convenient access to jobs. Nearby anchors include Avery Dennison, Edison International, Disney, Chevron, and Microsoft.
- Avery Dennison manufacturing & materials (6.3 miles) HQ
- Edison International utilities (9.5 miles) HQ
- Disney media & entertainment (10.1 miles) HQ
- Chevron energy offices (10.2 miles)
- Microsoft technology offices (10.4 miles)
Built in 2004 with 65 units, the asset is materially newer than much of the surrounding neighborhood stock, offering a competitive edge versus older buildings while leaving room for targeted modernization of interiors and systems. According to CRE market data from WDSuite, the neighborhood s occupancy performance is steady relative to the metro and midrange nationally, with a renter base supported by strong nearby employment and a high-cost ownership landscape that reinforces reliance on rentals.
Within a 3-mile radius, households are increasing even as population trends are flat-to-soft, indicating smaller household sizes and a broader tenant base over time. Elevated home values and rising rents in the WDSuite data suggest prudent pricing power when paired with disciplined lease management, while the area s restaurant and grocery access supports day-to-day livability. Key underwriting considerations include school quality signals, amenity gaps (parks and pharmacies), and continued safety monitoring despite improving crime trends.
- 2004 construction offers competitive positioning vs. older neighborhood stock with selective value-add upside
- Steady neighborhood occupancy and diverse job access support leasing stability
- High-cost ownership market sustains renter reliance and measured pricing power
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Risks: lower school ratings, limited park/pharmacy access, and safety that warrants continued monitoring