| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 54th | Good |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Drake St, Pomona, CA, 91767, US |
| Region / Metro | Pomona |
| Year of Construction | 1975 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Drake St, Pomona CA Multifamily Investment
Neighborhood fundamentals point to steady renter demand and solid occupancy, according to WDSuite’s CRE market data, with a high share of renter-occupied units supporting leasing stability in this Los Angeles metro submarket.
Situated in Pomona’s Urban Core, the property benefits from neighborhood metrics that are competitive among Los Angeles-Long Beach-Glendale neighborhoods (1,441 total), with occupancy around the area trending above many U.S. locations and renter concentration elevated. The neighborhood’s renter-occupied share is high, which deepens the tenant base and can support renewal activity and day-to-day leasing.
Amenity access is mixed. Grocery and pharmacy density score in the upper national percentiles, while restaurants are also plentiful. However, cafes, parks, and childcare are thinner locally, which investors should factor into positioning and resident experience planning. Median contract rents in the neighborhood rank well nationally, while the rent-to-income ratio benchmarks toward the lower end, a combination that can support retention and measured pricing power.
Home values sit in a high-cost ownership market relative to national norms, which tends to reinforce reliance on multifamily options and supports depth of demand. Based on CRE market data from WDSuite, average NOI per unit is above the national median, suggesting operating performance that compares favorably to many neighborhoods.
Construction year is 1975, older than the neighborhood average vintage. That typically calls for thoughtful capital planning and presents potential value-add or modernization opportunities to improve competitiveness versus newer stock.
Demographic statistics aggregated within a 3-mile radius indicate recent population growth with further gains projected, alongside a notable increase in households and rising median incomes. This expansion points to a larger tenant base over time, which can support occupancy stability and absorption as units turn.
Safety indicators for the neighborhood are competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked within the better-performing 40% out of 1,441), and above the national median overall. Violent and property offense measures track closer to national midrange, but recent year-over-year declines are strong, indicating an improving trend rather than a static snapshot, based on WDSuite’s dataset.
Investors should monitor ongoing trends and compare against submarket peers, but the directional improvement paired with mid-to-above-average standing suggests conditions that are manageable for conventional workforce and market-rate leasing.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, including Ryder Vehicle Sales, Waste Management, McKesson Medical Surgical, General Mills, and United Technologies.
- Ryder Vehicle Sales — transportation & logistics (5.9 miles)
- Waste Management — environmental services (8.0 miles)
- Mckesson Medical Surgical — healthcare distribution (10.9 miles)
- General Mills — food products offices (13.7 miles)
- United Technologies — industrial & aerospace offices (14.7 miles)
200 Drake St offers scale at 110 units with smaller average floor plans suited to workforce demand in Pomona. The surrounding neighborhood posts above-median occupancy and a high share of renter-occupied housing, indicating a deep tenant base and steady leasing conditions. Elevated ownership costs locally further sustain reliance on rentals, while rent-to-income benchmarks point to manageable affordability pressure that can support retention, according to CRE market data from WDSuite.
Built in 1975, the asset may benefit from targeted renovations and systems upgrades to sharpen competitive positioning versus newer stock. Within a 3-mile radius, population and household counts are expanding and incomes are rising, signaling renter pool expansion that can underpin long-term occupancy and measured rent growth.
- High neighborhood renter concentration and above-median occupancy support leasing stability.
- High-cost ownership market reinforces depth of demand for rentals and pricing resilience.
- 3-mile demographics point to population and household growth, expanding the tenant base.
- 1975 vintage presents value-add potential via unit/interior modernization and systems upgrades.
- Risks: older building capital needs and thinner park/cafe amenities require intentional positioning.