| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 28th | Poor |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2870 N Towne Ave, Pomona, CA, 91767, US |
| Region / Metro | Pomona |
| Year of Construction | 1977 |
| Units | 118 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2870 N Towne Ave Pomona Multifamily Investment
This 118-unit property built in 1977 offers value-add potential in an established neighborhood with 96.1% occupancy and strong rental demand fundamentals according to CRE market data from WDSuite.
Located in Pomona's Urban Core neighborhood, this multifamily property sits in a market ranking in the top quartile nationally for housing metrics among 1,441 Los Angeles metro neighborhoods. The area demonstrates solid fundamentals with 96.1% occupancy rates and 41.3% of housing units renter-occupied, supporting consistent rental demand in this established submarket.
Demographics within a 3-mile radius show a stable tenant base with 134,019 residents and projected population growth to 139,750 by 2028. Household income growth has been particularly strong, with median incomes rising 32.5% over five years to $90,514, while rental rates increased 28.9% to $1,725 median rent. The area's rent-to-income ratio of 0.29 suggests manageable affordability for tenants, supporting lease retention and occupancy stability.
The neighborhood's 1977 construction year aligns with the property vintage, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to capture upside through capital improvements. Amenity density includes strong pharmacy access (98th percentile nationally) and restaurant availability (91st percentile), supporting tenant appeal and retention in this urban core location.
Crime metrics show the neighborhood performing above the middle tier among Los Angeles metro neighborhoods, ranking 555th of 1,441 for overall crime (66th percentile nationally). Property crime rates have declined significantly with a 76.6% year-over-year reduction, placing the area in the 97th percentile nationally for crime improvement trends.
Violent crime rates also show improvement with an 83.4% decline year-over-year, ranking in the 97th percentile nationally for positive safety trends. While absolute crime levels remain moderate for the metro area, the strong downward trajectory in both property and violent offenses indicates improving neighborhood conditions that may support tenant retention and property values.
The property benefits from proximity to diverse corporate employers providing workforce housing demand, with major offices concentrated within a 15-mile radius of the Pomona location.
- Ryder Vehicle Sales — logistics and fleet services (5.4 miles)
- Waste Management — environmental services (7.2 miles)
- Mckesson Medical Surgical — healthcare distribution (10.1 miles)
- General Mills — food manufacturing (12.7 miles)
- United Technologies — aerospace and defense (14.7 miles)
This 118-unit property presents a compelling value-add opportunity in an established Pomona neighborhood with strong occupancy fundamentals and improving safety metrics. Built in 1977, the asset offers potential for strategic capital improvements to capture rental upside in a market where median rents have grown 28.9% over five years. The neighborhood's 96.1% occupancy rate and 41.3% renter-occupied housing stock demonstrate consistent rental demand, while projected population growth to 139,750 residents by 2028 supports long-term tenant base expansion.
Commercial real estate analysis from WDSuite indicates favorable investment conditions with the area ranking in the top quartile nationally for housing metrics among Los Angeles metro neighborhoods. Rising household incomes (32.5% growth over five years) and manageable rent-to-income ratios suggest tenant retention potential, while proximity to diverse employment centers within 15 miles provides workforce housing demand stability.
- Value-add potential through strategic renovations of 1977-vintage asset
- Strong occupancy fundamentals with 96.1% neighborhood-level rates
- Projected population growth supporting expanded tenant base through 2028
- Rising household incomes and improving safety trends enhance retention prospects
- Risk considerations include capital expenditure needs for older building systems and potential ownership competition as home values moderate