| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 83rd | Best |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 N Helberta Ave, Redondo Beach, CA, 90277, US |
| Region / Metro | Redondo Beach |
| Year of Construction | 1973 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
108 N Helberta Ave Redondo Beach 30-Unit Multifamily
Neighborhood occupancy remains high and stable, supporting consistent cash flow potential for a 1973-vintage asset in a high-cost ownership pocket of Redondo Beach, according to WDSuite’s CRE market data.
Redondo Beach’s Urban Core location delivers strong renter demand fundamentals. The neighborhood ranks 39 out of 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods (top quartile nationally), with neighborhood occupancy around 97.5% and a solid share of housing units that are renter-occupied. Elevated for-sale home values in the area indicate a high-cost ownership market, which tends to reinforce lease retention and reliance on multifamily housing.
Local amenities are a differentiator: cafes, parks, and pharmacies index well above national norms, and schools trend above the national average. These dynamics typically translate into livability that supports tenant retention and reduces downtime on turns. In this context, multifamily property research points to durable renter demand as the primary driver rather than purely speculative rent growth.
The median contract rent in the neighborhood sits at an upper-tier level for the region, while the rent-to-income signal suggests manageable affordability pressure relative to area incomes—supporting pricing power with prudent lease management. Renter concentration (share of housing units that are renter-occupied) is balanced for the metro, providing a sufficiently deep tenant base to support absorption and renewals.
The property’s 1973 construction is older than the neighborhood’s average vintage (1983). That age profile typically requires capital planning for systems and interiors, but also creates value-add potential through renovations and common-area enhancements to compete effectively with newer stock.
Safety indicators are comparatively favorable. The neighborhood’s overall crime rank is 448 out of 1,441 metro neighborhoods—competitive among Los Angeles-Long Beach-Glendale areas—and aligns with a national safety profile that is above average. This positioning supports leasing and renewal conversations with residents seeking stability.
Recent trend data signal improvement: one-year changes show notable declines in estimated violent and property offenses versus prior-year readings. While block-level outcomes can vary, the directional trend is constructive for investor underwriting and tenant retention planning.
Proximity to diversified employers supports a broad renter pool and commute convenience. Notable nearby employment nodes include headquarters and major corporate offices in toys and entertainment, technology, healthcare, and industrial gases—drivers that can aid leasing velocity and retention.
- Mattel — consumer products HQ (5.4 miles) — HQ
- Southwest Airlines Counter — airline services (7.3 miles)
- Air Products & Chemicals — industrial gases (8.9 miles)
- Microsoft Offices The Reserves — technology offices (9.5 miles)
- Symantec — cybersecurity offices (10.0 miles)
This 30-unit asset benefits from top-tier neighborhood positioning within the Los Angeles metro, high neighborhood occupancy, and a high-cost ownership market that historically sustains multifamily demand. Based on CRE market data from WDSuite, rent levels and rent-to-income signals indicate manageable affordability pressure relative to area incomes, which supports pricing power and lease retention when paired with disciplined renewal strategies.
Built in 1973, the property is older than the neighborhood’s average vintage, creating scope for targeted renovations and systems upgrades that can enhance competitiveness against newer comparables. Demographic statistics aggregated within a 3-mile radius point to a large, high-income renter pool, with households trending upward and household sizes edging smaller—an underpinning for demand across well-designed unit mixes.
- Top-tier neighborhood rank (39 of 1,441 metro areas) and strong neighborhood occupancy support income stability.
- High-cost ownership market reinforces renter reliance on multifamily housing and can aid renewal outcomes.
- 1973 vintage presents value-add potential via interior and common-area upgrades to compete with newer stock.
- 3-mile demographics show a sizable, high-income renter base supporting absorption and retention.
- Risks: older systems may require capital investment; pricing power should be balanced against retention to manage affordability pressure.