| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 93rd | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 319 N Broadway, Redondo Beach, CA, 90277, US |
| Region / Metro | Redondo Beach |
| Year of Construction | 1980 |
| Units | 47 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
319 N Broadway, Redondo Beach Multifamily Investment
High-cost homeownership and a sizable renter-occupied base in this coastal Los Angeles submarket underpin durable demand, according to WDSuite’s CRE market data.
Situated in Redondo Beach’s Urban Core, the property benefits from a metro-leading neighborhood profile. The area ranks 8th out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods (A+), signaling strong fundamentals that support leasing and retention for well-positioned multifamily.
Daily-life convenience is a core strength: restaurants and cafes score in the top quartile nationally, with grocery and park access also near the top of national distributions. For investors, this amenity density typically widens the tenant funnel and supports rent premiums relative to less amenitized pockets of the metro.
Renter-occupied share in the neighborhood is 56.9%, indicating a deep tenant base and steady multifamily demand. Within a 3-mile radius, demographics point to stable population levels and an increase in households over the next several years, expanding the local renter pool and supporting occupancy stability for competitive assets.
Median contract rents in the neighborhood are elevated versus national norms, consistent with a high-cost ownership market where home values are also well above national levels. This dynamic tends to reinforce renter reliance on multifamily housing and can support pricing power, though lease management should account for affordability pressure when pushing rents.
Built in 1980, the asset is slightly newer than the neighborhood’s average vintage (late 1970s). That positioning can be competitive versus older stock, while still warranting targeted system updates or selective renovations to sustain performance and reduce near-term capital surprises.
Neighborhood safety signals are mixed but improving in trend. Overall crime ranks around the middle of the pack within the Los Angeles-Long Beach-Glendale metro (664 of 1,441 neighborhoods), while national comparisons indicate moderate positioning.
According to WDSuite’s data, estimated violent and property offense rates have both declined over the past year, which is constructive for investor risk assessment. As always, underwriting should reflect submarket variability and property-level measures that can enhance resident experience and retention.
Proximity to South Bay and Westside employment nodes supports workforce accessibility and leasing durability. Nearby employers include consumer products, technology, and transportation offices that help stabilize renter demand and retention.
- Mattel — consumer products HQ (5.2 miles) — HQ
- Southwest Airlines Counter — air transportation services (7.1 miles)
- Microsoft Offices The Reserves — technology offices (9.3 miles)
- Air Products & Chemicals — industrial gases offices (9.3 miles)
- Symantec — cybersecurity offices (9.9 miles)
319 N Broadway offers investors exposure to a top-tier Los Angeles coastal neighborhood where amenity access, high household incomes, and a deep renter base support durable multifamily demand. Elevated home values and above-national rents reinforce reliance on rental housing, while 3-mile demographics indicate stable population and more households over time—expanding the tenant base and aiding occupancy management. Based on CRE market data from WDSuite, neighborhood-level NOI per unit trends are among the strongest in the metro, reflecting the area’s revenue potential for well-positioned assets.
The 1980 vintage is slightly newer than the local average, offering a relative edge versus older stock while still benefiting from targeted modernization. Key underwriting considerations include neighborhood occupancy softness versus metro leaders and rent-to-income pressure, balanced by very strong amenities and commuting access to major employment centers.
- Top-tier metro neighborhood with strong amenity and income fundamentals supporting leasing
- Deep renter-occupied base and growing household counts within 3 miles support demand
- High-cost ownership market reinforces rental reliance and potential pricing power
- 1980 vintage offers competitive positioning with scope for targeted value-add
- Risks: neighborhood occupancy below metro leaders and renter affordability pressure