| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 69th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 E Bellevue Dr, Pasadena, CA, 91101, US |
| Region / Metro | Pasadena |
| Year of Construction | 1973 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 E Bellevue Dr Pasadena Multifamily Investment
Renter demand is supported by a high share of renter-occupied units in this neighborhood and dense lifestyle amenities, according to WDSuite’s CRE market data. Investors should expect steady leasing interest driven by location fundamentals and an Urban Core setting.
Located in Pasadena’s Urban Core, the neighborhood is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 81st out of 1,441) and benefits from a walkable mix of restaurants, cafes, groceries, parks, and services. Restaurant and cafe density sit in the highest national percentiles, supporting resident convenience and the area’s appeal for renters.
Amenity access is a measurable strength: dining and coffee options rank near the very top of the metro (e.g., restaurants at rank 26 and cafes at rank 18 of 1,441), while groceries and pharmacies also track in high national percentiles. These attributes typically help with lease-up velocity and retention for well-located multifamily.
The neighborhood shows a high renter-occupied share (75%+), indicating a deep tenant base for apartments rather than ownership housing. Occupancy for the neighborhood has improved over the past five years, which can support revenue consistency even as individual assets compete on quality and management. Home values trend elevated versus national benchmarks, which tends to sustain reliance on rental housing and can support pricing power when assets are well-maintained.
Within a 3-mile radius, demographics indicate slight population contraction in recent years but a modest increase in households and smaller average household size. Forward-looking data point to further household growth, implying a broader renter pool over time; for operators, that supports occupancy stability and ongoing leasing demand.
Counterweights include below-average school ratings (nationally) and mid-pack neighborhood occupancy relative to top-tier Los Angeles subareas. These factors underscore the importance of property-level differentiation through renovations, service quality, and targeted marketing to core renter cohorts.
Safety metrics for this neighborhood track below national averages based on WDSuite’s data, indicating comparatively higher reported incidents than many U.S. neighborhoods. Relative to the 1,441 neighborhoods in the Los Angeles-Long Beach-Glendale metro, the area performs below the metro median on crime measures, though conditions vary block to block.
Recent trends show some improvement in property-related offenses year over year, while violent offense measures remain weaker than national benchmarks. Investors should factor these dynamics into underwriting via security enhancements, access controls, and resident engagement programs rather than relying on block-level assumptions.
Proximity to major corporate employers underpins commuter demand and supports retention for workforce and professional tenants. Nearby anchors include Avery Dennison, Edison International, Chevron, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — materials & labeling (6.6 miles) — HQ
- Edison International — utilities (6.9 miles) — HQ
- Chevron — energy (8.1 miles)
- Microsoft — technology offices (8.5 miles)
- Reliance Steel & Aluminum — metals & distribution (8.5 miles) — HQ
This 92-unit asset sits in a high-amenity Urban Core location where renter-occupied housing is the dominant tenure, reinforcing depth of demand for multifamily. Elevated ownership costs in the neighborhood versus national norms tend to sustain reliance on rental housing, while household growth within a 3-mile radius points to a broader tenant base over time. According to CRE market data from WDSuite, neighborhood occupancy has trended upward over five years, supporting expectations for leasing stability when paired with focused asset management.
Key watchpoints include below-average school ratings nationally and safety metrics that trail U.S. benchmarks, which place a premium on property-level differentiation, access controls, and resident services. With strong amenity density and proximity to major employment centers, the location provides a durable foundation for cash flow with potential to enhance performance through targeted renovations and operational execution.
- Deep renter base in an Urban Core location supports sustained leasing demand
- Elevated ownership costs locally reinforce reliance on multifamily rentals and pricing power
- Amenity-rich environment and nearby corporate anchors aid retention and lease-up
- Neighborhood occupancy trending upward over five years, per WDSuite
- Risks: below-average school ratings and safety metrics require asset-level mitigation