| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 78th | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 366 S Catalina Ave, Pasadena, CA, 91106, US |
| Region / Metro | Pasadena |
| Year of Construction | 1984 |
| Units | 118 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
366 S Catalina Ave Pasadena Multifamily Investment
Positioned in Pasadena’s urban core, this 118-unit 1984 asset sits within a high-amenity, high-income renter market where elevated ownership costs sustain multifamily demand, according to WDSuite’s CRE market data.
Pasadena’s urban core scores in the top quartile among 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, with strong lifestyle access that supports tenant retention and leasing velocity. Restaurants, pharmacies, parks, and cafes are dense by national comparison, helping the location compete for quality renters and reinforcing day-to-day convenience for residents.
Renter-occupied housing is a majority in the immediate neighborhood, indicating a deep tenant base for multifamily operators rather than a primarily ownership market. At the same time, neighborhood occupancy trends have been softer than national norms, so operators should prioritize lead generation and renewal strategy to maintain stability while leveraging the area’s amenity edge.
Within a 3-mile radius, household counts have inched higher in recent years and are projected to expand further alongside rising incomes, pointing to a larger tenant base over the next cycle. Forecasts also show smaller average household sizes and continued rent growth, both of which typically support demand for professionally managed apartments and sustained occupancy.
Home values are elevated relative to incomes locally, which tends to reinforce reliance on rental housing and supports pricing power for well-positioned communities. For this property specifically, a 1984 vintage is newer than the neighborhood’s average stock, suggesting competitive positioning versus older assets while still allowing room for targeted modernization to capture value. These fundamentals align with a disciplined commercial real estate analysis approach that prioritizes durable demand drivers over short-term noise, based on WDSuite’s market perspective.
Safety indicators for the neighborhood trail national benchmarks, with property and violent offense measures sitting below national percentiles that investors typically target for core holdings. Recent trends are mixed: violent offense levels have improved year over year, while property-related incidents have increased. For risk management, underwrite to enhanced security, lighting, and resident engagement, and compare claims experience and operating protocols to competitive communities across the Los Angeles–Long Beach–Glendale metro.
The surrounding employment base includes utilities, materials, energy, software, and metals distribution employers, supporting commute convenience and renter demand from diversified white-collar and skilled workers. The list below reflects nearby corporate offices and headquarters most relevant to resident employment patterns.
- Edison International — utilities (6.6 miles) — HQ
- Avery Dennison — materials & packaging (7.4 miles) — HQ
- Chevron — energy (7.5 miles)
- Microsoft — software (9.3 miles)
- Reliance Steel & Aluminum — metals distribution (9.3 miles) — HQ
366 S Catalina Ave offers scale in a Pasadena location that ranks in the top quartile of metro neighborhoods and benefits from dense amenities, a majority renter-occupied housing base, and high local incomes. According to CRE market data from WDSuite, the neighborhood’s ownership costs are elevated relative to incomes, which tends to sustain rental housing reliance and support pricing power for well-run assets.
The 1984 vintage is newer than the area’s average housing stock, giving the property competitive footing against older communities while still presenting value-add opportunities via targeted systems upgrades and common-area enhancements. While neighborhood occupancy has trailed national norms and safety metrics are mixed, nearby diversified employers and projected growth in households within 3 miles point to a durable tenant base and potential for stable long-term performance with active management.
- Top-quartile location with dense amenities that support leasing and retention
- Majority renter-occupied neighborhood and high incomes underpin demand depth
- 1984 vintage offers competitive positioning plus renovation and modernization upside
- Diverse nearby employers broaden the renter pool and reduce single-industry exposure
- Risks: softer neighborhood occupancy and below-national safety percentiles warrant active management