| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 67th | Good |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 380 N Catalina Ave, Pasadena, CA, 91106, US |
| Region / Metro | Pasadena |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
380 N Catalina Ave Pasadena Multifamily Investment
Renter demand at the neighborhood level is supported by a high share of renter-occupied housing and elevated ownership costs, according to WDSuite’s CRE market data. Expect stable occupancy dynamics for well-managed assets in Pasadena’s Urban Core.
Pasadena’s Urban Core setting positions 380 N Catalina Ave within a competitive sub-area of the Los Angeles-Long Beach-Glendale metro. The neighborhood ranks 355 out of 1,441 metro neighborhoods, placing it in the top quartile by overall rating, a signal of balanced fundamentals for multifamily.
Local livability supports renter retention: grocery and pharmacy access sit in high national percentiles, while restaurants are also strong — but parks and cafes are comparatively sparse, which investors should weigh when assessing tenant amenity expectations. Elevated neighborhood home values (94th percentile nationally) point to a high-cost ownership market that tends to reinforce reliance on rental housing rather than competing with it.
Multifamily demand indicators are constructive. The share of renter-occupied units in the neighborhood is among the highest nationwide (99th percentile), supporting depth of the tenant base and leasing velocity. Neighborhood occupancy trends track in the above-median range nationally, helping underpin cash flow stability for well-positioned assets.
Property vintage is an advantage: with construction in 1989 versus older average housing stock nearby, this asset can compete well against legacy buildings. Investors should still plan for system upgrades common to late-1980s construction to preserve competitiveness and reduce long-term capital risk.
Within a 3-mile radius, demographics show modest population contraction over the last five years alongside a slight increase in households and forecasts for further household growth by 2028. Combined with rising median incomes and smaller average household sizes, this points to a stable-to-expanding renter pool that supports occupancy and measured rent growth, based on CRE market data from WDSuite.
Safety conditions are mixed in context. Compared with other Los Angeles-Long Beach-Glendale neighborhoods, this area ranks 977 out of 1,441, indicating crime levels that are above the metro average. Nationally, the neighborhood sits below the median on safety measures (e.g., violent and property offense percentiles), which investors should incorporate into leasing strategy and asset security planning.
Recent trend signals are constructive: estimated violent and property offense rates have moved lower year over year, which helps from a risk-management standpoint. As always, investors should evaluate property-level mitigation (lighting, access control) and weigh neighborhood trajectory against rent positioning.
Proximity to a diversified employment base supports workforce housing demand and commute convenience, notably from corporate offices such as Avery Dennison, Edison International, Chevron, Microsoft, and Reliance Steel & Aluminum.
- Avery Dennison — materials & manufacturing (7.3 miles) — HQ
- Edison International — utilities (7.4 miles) — HQ
- Chevron — energy (8.1 miles)
- Microsoft — software & cloud (9.9 miles)
- Reliance Steel & Aluminum — metals distribution (9.9 miles) — HQ
This 24-unit, 1989-vintage multifamily asset benefits from a high renter concentration in the surrounding neighborhood and an ownership market characterized by elevated home values, both of which support durable tenant demand. Neighborhood occupancy sits in the above-median range nationally and amenity access is strong for daily needs (grocers, pharmacies, dining), which can aid retention and rent consistency versus older competitive stock.
The vintage offers a relative edge versus nearby older housing, while still warranting targeted modernization to sustain positioning. Within a 3-mile radius, households are projected to expand alongside rising incomes and smaller household sizes, pointing to a stable-to-growing renter pool. According to CRE market data from WDSuite, these fundamentals, combined with adjacency to diversified employers, support a long-term hold or value-add strategy with disciplined expense and capital planning.
- High renter-occupied share and elevated home values reinforce multifamily demand
- 1989 construction competes well versus older stock; plan targeted system upgrades
- Above-median neighborhood occupancy and strong daily-needs amenities support retention
- Proximity to diversified corporate employers underpins leasing stability
- Risks: affordability pressure (higher rent-to-income), limited park/cafe access, and safety positioning relative to metro