| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 79th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2210 Vanderbilt Ln, Redondo Beach, CA, 90278, US |
| Region / Metro | Redondo Beach |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2210 Vanderbilt Ln Redondo Beach Multifamily Investment
Neighborhood occupancy around the mid-90s and a solid renter-occupied base point to durable leasing fundamentals, according to WDSuite’s CRE market data. Elevated local incomes and strong school ratings support demand depth and retention potential for stabilized operations.
The property sits in an A+ rated Urban Core neighborhood ranked 35 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile metro-wide. Amenity access is a clear strength: cafes, restaurants, parks, groceries, and pharmacies all register in the low-to-high 90s by national percentile, indicating daily-needs convenience that supports leasing and resident retention.
School quality is also a positive indicator for family-driven demand, with the neighborhood’s average school rating near the 94th percentile nationally. For investors, this typically translates to broader tenant appeal and fewer concessions during slower leasing periods.
Occupancy in the neighborhood is approximately 95%, above many national readings and up over the past five years, which supports income stability for nearby multifamily. Roughly 40% of housing units in the immediate neighborhood are renter-occupied, signaling a meaningful tenant base and ongoing depth for multifamily demand. Home values are elevated (around the 98th percentile nationally), creating a high-cost ownership market that can sustain reliance on rentals and support pricing power when units turn.
Within a 3-mile radius, demographic statistics show a large, high-income household base and steady-to-improving income trends, alongside flat recent population change and a projected increase in households by mid-decade. For multifamily investors, this points to a larger tenant base over time and supports occupancy stability, even as smaller household sizes may shift preferences toward professionally managed rental housing.
Safety indicators are mixed but improving. Overall crime performance is roughly around the national midpoint (about the 51st percentile), while property and violent offense measures sit below national medians. Notably, both categories show meaningful year-over-year improvement, with sizable declines in estimated offense rates, suggesting trend momentum that investors can monitor over future leasing cycles.
Given these dynamics, risk management should focus on routine security measures and partnership with professional management to maintain resident confidence, while tracking whether the recent improvement trend persists relative to Los Angeles metro peers.
The area’s employment base mixes headquarters and major corporate offices that support renter demand through diverse, white-collar jobs and convenient commutes. Employers below reflect nearby anchors that can underpin leasing stability: Mattel, Southwest Airlines, Microsoft, Symantec, and Air Products & Chemicals.
- Mattel — consumer products HQ (3.5 miles) — HQ
- Southwest Airlines Counter — airline services (5.5 miles)
- Microsoft Offices The Reserves — software (7.8 miles)
- Symantec — cybersecurity (8.1 miles)
- Air Products & Chemicals — industrial gases (9.0 miles)
Built in 1972, the asset is older than the neighborhood’s average vintage, creating potential value-add and capital planning opportunities to enhance competitiveness versus newer stock. Strong neighborhood fundamentals — top-quartile rank in the Los Angeles metro, high amenity access, and school quality in the 90s by national percentile — support demand resilience and potential for steady occupancy. According to commercial real estate analysis from WDSuite, neighborhood occupancy is about 95% with an upward five-year trend, and elevated home values reinforce long-run renter reliance.
Within a 3-mile radius, a high-income household base and projections for household growth by mid-decade imply a larger tenant pool and support for rent levels, while smaller household sizes may favor professionally managed apartments. High ownership costs sustain rental demand, though investors should account for affordability pressure in leasing strategy and an older physical plant that may require ongoing system upgrades.
- Top-quartile Los Angeles metro neighborhood with strong amenity and school fundamentals supporting leasing stability
- Older 1972 vintage offers value-add and modernization potential to improve competitive positioning
- High-cost ownership market and growing household base within 3 miles reinforce renter demand and occupancy
- Income profile supports rent levels; manage affordability pressure with retention-focused lease management
- Risks: mixed-but-improving safety metrics and ongoing capex needs typical of older assets