| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 85th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2111 Grant Ave, Redondo Beach, CA, 90278, US |
| Region / Metro | Redondo Beach |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2111 Grant Ave, Redondo Beach Value-Add Multifamily
Neighborhood occupancy is strong and ownership costs are elevated, supporting renter demand around this 25-unit asset, according to WDSuite’s CRE market data. The area’s high-performing schools and amenity access point to durable leasing fundamentals.
Situated in Redondo Beach’s Urban Core, the neighborhood scores well for livability and investor fundamentals. Neighborhood occupancy is high (97.2%) and competitive among Los Angeles-Long Beach-Glendale neighborhoods, supporting income stability at the submarket level. Median contract rents in the neighborhood are in a high national percentile, while the rent-to-income profile indicates manageable affordability pressure, a mix that can sustain retention and pricing discipline for multifamily operators.
Amenity access is a clear strength: parks rank in the 99th percentile nationally, with restaurants and cafes also testing in the upper percentiles. Pharmacies and grocery options score above the national median as well. Average school ratings in the neighborhood are among the strongest nationwide, which can bolster family renter appeal and longer tenancy horizons. Childcare density is limited, which may require operators to emphasize other family-friendly features on site or nearby.
Tenure patterns show a meaningful renter-occupied share of housing units in the neighborhood (about two-fifths), indicating a solid base of multifamily demand without overreliance on any one renter segment. Home values in the neighborhood are elevated relative to national norms, creating a high-cost ownership market that tends to reinforce reliance on multifamily housing and support lease retention.
Within a 3-mile radius, household counts have edged higher and are projected to continue growing, with household sizes trending modestly smaller. Incomes are high and rising in this radius, which broadens the qualified renter pool and supports occupancy stability. For this 1972-vintage, 25-unit property, the older construction relative to the neighborhood’s 1984 average points to value-add potential through renovations and targeted capital planning that can further differentiate against aging local stock.
Neighborhood safety indicators benchmark above the national median, based on WDSuite’s CRE market data. Recent year-over-year trends show notable declines in both violent and property offense estimates at the neighborhood level, signaling improving conditions versus prior periods.
As with any urban coastal submarket, localized patterns can vary by block. For underwriting, investors often pair neighborhood-level improvements with property-specific measures (lighting, access control, and maintenance standards) to help sustain leasing performance and mitigate incident risk.
The surrounding employment base features corporate offices that help sustain renter demand through short commutes and career diversity. Notable nearby employers include Mattel, Southwest Airlines, Microsoft, Symantec, and Air Products & Chemicals.
- Mattel — consumer products (3.7 miles) — HQ
- Southwest Airlines Counter — airline services (5.6 miles)
- Microsoft Offices The Reserves — technology offices (7.9 miles)
- Symantec — cybersecurity offices (8.2 miles)
- Air Products & Chemicals — industrial gases (9.0 miles)
2111 Grant Ave combines coastal Los Angeles demand drivers with neighborhood fundamentals that are consistently above national medians for occupancy, amenities, and schools. Elevated neighborhood home values tend to channel households toward rental options, supporting depth of demand and helping sustain pricing power. The 1972 vintage is older than the local average, which creates clear value-add pathways via interior upgrades and systems modernization to compete against newer or renovated stock.
Within a 3-mile radius, high and rising incomes alongside projected household growth point to a larger qualified tenant base and strong leasing prospects. According to CRE market data from WDSuite, neighborhood occupancy remains robust and contract rents have trended upward, indicating resilient renter demand in this coastal pocket of the Los Angeles-Long Beach-Glendale metro.
- High neighborhood occupancy and strong amenity/school positioning support retention and steady leasing
- Elevated ownership costs reinforce reliance on multifamily housing and pricing discipline
- 1972 vintage offers value-add upside through renovations and targeted capital planning
- 3-mile radius shows high incomes and household growth, expanding the qualified renter pool
- Risks: limited childcare options locally and potential capex for 1970s systems may affect near-term yields