| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1645 Keystone St, Pomona, CA, 91767, US |
| Region / Metro | Pomona |
| Year of Construction | 1985 |
| Units | 41 |
| Transaction Date | 2002-04-17 |
| Transaction Price | $2,925,000 |
| Buyer | WU ALAN H |
| Seller | KEYSTONE COURT APTS LLC |
1645 Keystone St Pomona Multifamily Investment
This 41-unit property built in 1985 positions investors in a high-density rental market with 96th percentile renter occupancy rates. Commercial real estate analysis from WDSuite shows the neighborhood outperforms 98% of metro areas for amenity access while maintaining moderate occupancy stability.
Located in Pomona's urban core, this neighborhood demonstrates strong rental fundamentals with 65.5% of housing units occupied by renters, ranking in the 96th percentile nationally. The area maintains a 91% occupancy rate, though this has declined modestly over five years, requiring attention to lease management and tenant retention strategies.
The 1985 construction year aligns with the neighborhood average of 1958, positioning this asset for potential value-add opportunities through strategic renovations and unit improvements. With average unit sizes of approximately 898 square feet, the property offers competitive space efficiency in a market where median contract rents reach $1,375.
Demographics within a 3-mile radius show a stable tenant base with 169,400 residents and modest population growth of 2.1% over five years. The area projects continued household formation, with forecasts indicating 37% growth in total households by 2028, supporting sustained rental demand. Current median household income of $82,014 provides adequate rent-to-income ratios, though investors should monitor affordability pressures as rents continue rising.
Amenity density ranks exceptionally high, with the neighborhood scoring in the 98th percentile nationally for restaurants, cafes, childcare facilities, and grocery stores per square mile. This concentration supports tenant retention through walkable convenience, while schools average 4.0 out of 5 stars, appealing to family renters. However, the area lacks pharmacy access, creating a potential service gap for residents.
Crime metrics for this neighborhood show mixed trends that require balanced consideration. Property crime rates of 1,747 incidents per 100,000 residents rank in the bottom quartile among Los Angeles metro neighborhoods, indicating elevated property crime levels compared to regional averages.
However, recent trends show significant improvement, with both property crime declining 63% and violent crime dropping 72% year-over-year. These substantial reductions suggest positive momentum in neighborhood safety conditions. Violent crime rates of 355 incidents per 100,000 residents remain above metro medians but continue trending downward, which may support improved tenant retention and leasing velocity over time.
The surrounding employment base provides diverse corporate anchors within commuting distance, supporting workforce housing demand from logistics, manufacturing, and utility sectors.
- Ryder Vehicle Sales — transportation services (3.3 miles)
- Waste Management — environmental services (4.7 miles)
- Mckesson Medical Surgical — healthcare distribution (7.6 miles)
- General Mills — food manufacturing (11.0 miles)
- United Technologies — aerospace & defense (13.4 miles)
This 41-unit property offers exposure to Los Angeles County's rental market fundamentals through a neighborhood with exceptionally high renter concentration and strong amenity access. Built in 1985, the asset presents value-add potential through strategic improvements while benefiting from established infrastructure and moderate maintenance requirements compared to older vintages.
Demographic projections within a 3-mile radius indicate household growth of 37% through 2028, supporting expanded renter demand alongside forecast median income increases to $119,693. According to multifamily property research from WDSuite, the area's 98th percentile ranking for amenity density and strong school ratings create competitive advantages for tenant attraction and retention, though investors should monitor occupancy trends and implement proactive lease management strategies.
- High renter concentration at 96th percentile nationally supports sustained rental demand
- Projected 37% household growth through 2028 expands potential tenant base
- 1985 construction provides value-add renovation opportunities with manageable capital requirements
- Exceptional amenity density ranking supports tenant retention and competitive positioning
- Risk consideration: Recent occupancy decline requires active lease management and potential concession strategies